Every evening, Wilmington daily commercial., 1920-01-17

| today. The purpose rs to practice econ
omy and thrift for the ensuing week ana
try TO get the habit. Prominent men ar
pointing out its significance.
QUESTION OF SAVING.
In an Interview concerning the celebra-
| tion of National Thrift Week, DR.. Joseph
II. Odell, OF the Service Citizens OF Della
ware, said: What one earns is not very
important, but what ono spends deter
mines the future bappiness or misery OF
! liic John Wanamakcr, Thomas Edison,
Peter Cooper and John ID Rockefeller
| all laid the foundations ot their fortunes IN
/ their savings from small earnings. In
! each instance il took these men many
! years 10 save their first thousand dollars
! the second thousand came easier, snd
| after a while the habit was fixed and the
/ millions poured in All future happiness
| rests upon present self denial | do not
| know Of anV better study for Young men
! than To read carefully of the early strllg
| giles of trcat men Large salaries IN early
| life are a menace rather than blessing IT
the habit of systematic saving and IN
vestlng has not been acquired.
Use or BUDGETS.
Henry r. Scott, who has been active IN
government Thrift and Liberty Bond work
ItHt HttGilOub filI rit4E AilE Nsii - oictaa
interested in National Thrift Week.
Il believe" said MIR Scott, there rs no
better way to influence ourselves ard our
fellow cotIntrvnIen to habits of thrift and
saving than bv urging the Use Of individual
and family budgets Such careful con
sidCrati0n OF income, us proper allotment
for living expenses, public subscriptions
and for reserves should surely lead 10
thrift and saving. Budget syEteTns should
be taught H. children IN our schools. no
greatest lmmcdiate need Of thrift, how
ever. is tha, the amount of production
per unit Of labor and capital shall be kept
IN One caunot object 20 high wages II
thereby industrial efficiency Is sustained,
but If high wages lead to lower production
and more waste, then VIC shall have tailed
III o,Ir great opportunity The immediate
future promises 10 the United States,
period Of tho greatest prosperity ever
known provided the amount Of production
per labor and capital unit can bc kept up
and Increased. High wages should IN
crease efficiency. The test oi our economic
character, national and personal Is the
nature Of our expendltl1rcS. In five years
the United States has passed from the
position Of debtor nation to that OF i
creditor nation. Estimates Of 80 billions
probably very much understatc our na-
tIonal WORTH Recent income tan returns
indicate very much larger hqrcs and
probably three TO four hundred billions
DO MT exceed our real worth.
'FFhe c0untrys income IS stupcndous
Before the war We had to pay TO foreign
countries about $50 millions o year Tor
interest. dividends, freIghts, insurance, the
cxynnditurcS 0f travellers, etc. The an
nlIal amount now due Is Is estimated TO
bc upwards az 500 millions and i'll addi-
ton, our exports are exceeding our I'M
ports four billions i wear. ArC We able 10
retain ourselves ana wisely Use this great
food of fortune Tor the development OF
th,, resources If the earth and the better
men, 81 mankind, or like the newly-rich
Shall We squandcr Il N riotouS IIVllg and
foolish schCmes Are We. as nation,
mature .nough 10 hold the favorable trade
position accidentally forced upon Us.
Oi course. Tor rc-conetruttlon and 70 STOCK
uD Great Britain, France, Italy and I'er-
many temporarily must buy from " very
largely How large orr exports vii con-
tinue wlIl deyend upon our ability 70 hold
The trade Of the large n1ntsr O. amAlltr
nations.
Our enlarged production makts It
necessary tor IT. u hold our forclgn frade
y ttif t1G~ lh..+tN = - AAtattAA%1'r
mentally. our situation require thrlf
and SAVING and ta4 elimination 0l was's
Our national fxpe.nGIturs-. must - gov
erI4ed bv IN efficiert bulge system ILt.
'r.lrnens.. sums. a. IIr Goroelyou has re-
Gently said. raised oy taNatlon snouli ne
subjected 70 he closest scrutiny elaosid-
c,.tion and coordination
Charles = Palmer, chatTnsn of the
Thnft Week campaign, received q warm
welcome from the members Of the Her
clIies Club when he addressed the mem
bers on the value of Thrlft Week and what
Il meant 10 the community
Mr. Palmer followed General I. Cole
man du Pont who WAS guest of the ciuh
and after he had finished. received assuTs
anc,,s that the club would back the cam
palgn next week
Miss Edith Hughes addressed the mem
bers Of the Nurses Association on thrift,
dividing her address into four angles,
one OF which wss building and loan asso-
Citations. She was told by one woman that
such ASSOCIATION were excellent and that
v Wilmington ought 10 have some. She
was informed that there are four here and
one Of them has loans totalhng more than
z million dollars III this city.
Through the welfare department all
employees Of the du Pont Company will
receive literature bearing on the campaign
and the hearty cooperation OF the powder
concern employees Is assured
Otho Nowland has been named treas
urer OF the finance commIttce.