Every evening, Wilmington daily commercial., 1920-04-10
Evening Yesterday 14COO
Advice That Should be Needed.

0tTt ~
houorcd, At lesst, if not really indorsed py
the worlds espcriencc-whioh Tcads.
In time Of pescc prepare tor war
In these stirring days in our country 1t
may well be psrsphrssed into; In time
OF prosperity prepare for adversitF, and
IN TN. form taken seriously 20 heart by
the people.
Never was sOunder or more important
advice given 90 the people than that con-
tein~i in the resolutions adopted by the
state Rsnkers' Assooiation. IN session at
soa,ora ON Thursday The first rocom-
,,.nd.d that the General Assembly, 81
a. re,,lsr session next winter. enact such
laws as may hc necessary to establish our
state finances upon an absolutely souhd
bas,s. ~ provide the budget system ior
thn regulation and accounting oi oxpendl-
,,r,s and to exercise care and proper
economy IN aI financial matters IL"
SECOND resolution urged that Our people
shonld practicc rigid ecnnomN ana inc
,re,teS, thrift ~ these prosperous tunes
mi should make il a rule to saw every
dollar possible, both ~ a preparation ior
their future nce,ts. and as a safeguard
,s..ins, the adverse conditions which are
toreshsdowcd. and IN all human prohshh-
,,y will sooner ~ later develop, N inns
country, ~ they are now asserting
themselves in either lands.
some perscns msy not be disIos'u -
give serious consideration 20 the tns'
resolution. msy even regard u as some
Wha, superfluous The State OF Is''a"afc
nndoubtedly is rich. Also, ithas provisions
ior continuous revenues iron various
sorms of taxation and Zee imposinons
tha, arc annie to meet All requirements
4 reasonable and efficient adminlstra-
tion. :.
Unfortunately. however. these condl-
lions are hardly conducive 70 an impress
arc. realization 81 the need Of economy.
Too much wealth leads 20 srnsciess eN-
.,svsgsncs, and the possession OF hoerai
-evenues bv a state is - continual temp'a-
ticn 90 schemes Of unvisc eSpenoi'ure'
uonce here IN wealthy Delaware there If
al the moro necessity for fiscal srrange-
rnon,s that will conserve the state re-
sources. make all its expenditures count
for something practical and vaiuhoc' ana
,h.rehv point the way TO either reduc-
ton Of State taxation, or, even more I'M
oor,snt. a division Of the funds derived
thercfrom among Wilmington ana o'her
communities. 50 that the people who pro
,,se ,hese revenues would be enabled 10
spply some portion Of them 70 thoir local
administrative needs.
While II should be unnecessary TO
EMPHASIZE the associations rccommenda-
tion contained in the second resolution
and directed to the people the fact If that
he necessi,y n great and pressing a
xres. number of persons, incited by the
"aush" times and the liberal returns Tor
labor. are indulging in veritsble orgy oi
spending. with great deal OF It applied
to PURPOSES that are Of no value whatever
and tend only to fieeting pleasure Also
hey are eextravagant in their expenditures.
with little or no thought OF economy, SIM
DIV because they now have plenty OF
money.
But the swing OF the pendulum of the
worlds affairs is unerring. Many OF us
well know the painful results that attend
I'd its swing in the other direction, when
times were hard and money scarce. Now
that it, trend has been in the direction OF
prosperity. they are thoughtless of former
priva,ions OF hard times. and seosn to be-
l,eve these "fiush" days viii continue for
ever
But they will not. They surely will
change, and then those who may have
expended all their money in good times
will suffer all the more keenly by reason OF
the money recklessly wasted in foolish
indulgences Without reserve fund.
and with labor scarce instead of inslstent
in its demands, they may have hard times
ia procuring even the bare necessaries Of
existence.
Now is the time of all times 70 save
money. There are savings Institutions IN
plenty, which take money deposits, in
vest them safely and pay fair interest
On the peoples savings. And now should be
the golden cru of reasonable economy and
liberal putting aside for o rainy day"
for one surely will come. Such an op-
portunity may not again present itself
for MANY years-possibly not within the
scope Of the present generation.