The daily banner. (Cambridge, Md.) 1897-2008, 1920-05-10
ASK PEOPLE NOT
| TO BUY LUxURIES
Is Keeping Prices High, Says
u. s. CTedi( Men.
THEY STRIcT URGE ECONOMY
Declare Postwar Extravaganza is a
Menace to the Nation-ThrIft Is
Real Patriotism.

Declare Postwar Extravaganza is
Menace to the Nation-Thrift is
Real Patriotism.
New York, May 10.-An appeal TO
the American people to desist from "a
rampage of extravaganza WAS issue!
by the National Association OF CredlL
Men in the form of letter sent by
J. H. Tregoe, secretary treasurer OF
the association, to its members. Inc
letter read:
"The dance of Industrial death in
which the people of America are now
participating should cease before they
have to pay the piper.
1.-The extravaganza of our people
since armistice day is one of those
psychological phenomena to which
man is subject. During the war perlod
we sacrificed gladly, but, with the
cessation of hostilities, the restrained
feeling broke loose and we went on
rampage of extravaganza such as
never before has been exhibited in TINS
land.
"The nation is sound fundamentally,
and this sOundness will continue II
people will give up their folly, VIII
become diligent, will work as human
beings should work during a time OF
stress and strain, and thus help TO
bring about a gradual detlation in cur
rency, SO that the prices may readily
recede and that we may eventually ne
brought to a condition of Industrial
and financial health.
Thrift is, in our opinion, the ex-
preston of real patriotism in these
days, just as it was in the period OF
war. The people who spend reckless
" are losing sight of the nations ira
ditions. Indeed, they endanger that
overflow of our institutions which
some low spirits we are harboring
among US are secretly plotting to de-
stFoy.
1--WE should practice and preach
constantly, declaring that for our
stlves we shall do our best to stop
this insanity and bring to close the
melodrama of extravaganza that Is
casting fear into the hearts Of the
people and producing results that are
immoral and destructive.
"Just as we have expected, the big
middle class of our people with fixed
income, that least organized portion OF
our citizens, is feeling seriously the
grinding process of the upper and
neither millstones. Prices have reach
ed peak where this class is finding
If difficult to live with even moderate
degree of comfort, yet its resentment
and complaints cannat be expressed
in strikes although they are suffer
ing under present economic stress
more than any other class
Denim and calico, together with
the lunch box, is the most vivid way
in which these people, who largely
make lid the most substantial elements
in our national life, can express their
feelings toward the grinding process.
Those directly engaged in production,
whether on the iahoN
must heed this cOmplt
level best to lower col
Prices can be lowered
practised all along the III
we'll AS capital will do it's
"'Watch the price hal
warning for months. Here
the chief danger point in our
and we welcome anything |
keep prices from soaring to
from which violent reaction wON
eyfrably bring on a sudden collaf
our structure. May this insurre
without physical force but proml
by resentful hearts, help in the rigN
ing of things"