Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-02-26

fully as serious, is present also.
Notwithstanding the return of three
million of our young men to peaceful pur-
suits, our country actually produced less
In the year 1919 than II did the last year
of the war. Our bills for the war are not
yet paid; there are several billions of
floating Indebtedness which we must
meet. We hope not to have to borrow
more, and sooner or later every family
in our broad land will have brought home
to their doors the realizing sense Of what
this burden means, for in the last analy-
sis everyone OF us will bear our share of
this wasteful undertaking, and we will
sometime realize that the true solution of
our difficulties lies within ourselves.
MUST LEARN TO PRODUCE MORE
AND SPEND LESS
Under such conditions as these the
treasury department through the federal
reserve districts Is trying to hold our peo-
pie to the principles of thrift and invites
us to aid them in that undertaking. and
the question naturally arises, what part
shall be bankers play in this endeavor?"
Let us begin at home. II has been said
that Herbert Hoover fed the starving
countries of Europe from the garbage
cans of America Let Tie give head to
our own garbage can. to OUR own habits
of thrift. Giant oaks from little acorns
grow" This thrift movement must begin
with the individual who will pass 1t on
to n group, a group to the community
the community to the State, and the diff
ferent States will make 1t felt in our ma
tionsl government We will never have
thrift and economy at Washington unless
we ourselves are thrifty. Why not let it
begin with each one of us present TO day,
and thus having 'plucked the moat out
of our own eye, we can more clearly see
to cast the beam out of our brothers
eye"
| In our advertising We should seek to ed
ucate the public in the ways Of thrift
and confine our competition to the kind
| which strives 70 teach the extravagant.
the careless, the happy-go-lucky the real
benefits of thrift, and add them to the
number Of our depositors.
| We must grip the childhood and youth
of our country. We must encourage the
| public schools to teach thrift. Our banks
should not stand aloof, but we should be
ever ready to cooperate and assist the
school teacher in every practical way 20
bring about this desired result.
Wise spending Ia as necessary az wise
saving. Thrift does not mean to VIZ mig
| EdsuiiHecs, bHdDoy CIptHes, pInCnlnR W
the last cent. May we be delivered from
n generation of misersl We can indulge
ourselves to an extent which would seem
a luxury 70 the people Of France. Pelgium
and many other country In the war
stricken area. but it is incumbent on us
to spend wisely 1t would be better for
most of Us il we eliminated the charge
| account habit. and adopted the pay az
you go" principle. The temptation to buy
freely and extravagantly when we can
defer payment is moro than most of us
| can stand, but if we must needs pay cash
we are sure to count the cost. to our last
Ing benefit.
NEW OFFICERS ELECTED
Following the address of Mr.. Brock
the nominating committee. consisting
OF John Branch, w. w. Sargent, D. w
Davis. F. II. harrington and A. G.
Eaton, was appointed. The committee
reported the following who were elect
ed: President, Gilbert r. Woods of St
Johnsbury. vice president, Charles G
Staples of Brattleboro: secretary, c
& Webster of Barton: treasurer. D. l.
Wells of Orwell. During the time thu
committee was celebrating there wer'
a number of short talks.