davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-05-01
Startling Facts About the Orgy Spending Reveal That
From Hand Month"; Realization
Fterd by Banks Many Industrial the Plans Out

our lack Of thrift, what are some of the
causes? The American temperament. for
one thing, begotten of the easy way in
which money is made. Our nation is rea-
lively young. Any may make money.
the amount depending upon application and
opportunity. Nine people out of ten, how
ever, work in order to acquire money to
spend, for pleasure.
When we look into the situation as It is
some startling facts confront u.s. The saw
ings banks report approximately 1000, 900
accounts If there are million persons
possessing two separate deposits our con-
clusion is that not more than 10 per cent
cf the American people are thoughtful with
their money.
The number of persons in 1918 who filed
a tax return of income of 81 900 or over
was 4.425.114 The United States Postal
Savings System had 50S,50s depositors on
June 30. 1920. Try as we may however. il
is difficult to escape the conclusion that as
many 100000 Americans are living
from hand to mouth.
No question of wages is involved. as all
know. Indeed when we stop for a moment
and look at the trend of wages the last 200
years. in countries like France. and consider
what she has done, It is clear that our sister
republic can teach US an impressive lesson
in thrift. The pay of laborers in 1900 was
30 cents day. 1t rose to So cents a day in
1900. In 1850 it was ~ cents and I. did not
reach s160 a day until t914. No matter If
they earned little or much. they put away
something against the proverbial rainy day
Why wonder. at the close OF the Franco
Prussian war, that they were able to find
billion dollars as indemnity, oxtorted from
them by the Germans. More French people
possess savings and bonds than any other
nationality. The practice Of thrift is COM
mon to other nationalities Of Europe.
Granting that the foreign born manage to
save money and that neither extravaganza
nor the lack of convenient facilities deters
them from getting ahead. what are some Of
the reasons why the Americans, as a rule.
are less thrifty? The advantages II saving
are 80 obvious. Many employers win not
The New York herald., 1921-05-01

promote a man unless he has demonstrate,
his ability to lay away some money.
Samuel Crowther, writing in Foctorl
says:
The average man does not be-
cause it is commonly represented to him
that the process of saving is purely ono OF
sef-denial He fails to have driven into
him that saving is not negative but surely
positive, that II has any other than the
immediate effect of accommodating a nest
egg. The second reason why men do not
save Is that only the man of strong de-
termination can save. for the means of saw
ing that are now afforded to the average
worker are so awkward and inconvenient
that only the hardy saver will continuously
overcome them.
THE savings bank does not help man
to save. It is an institution for husband
ing money that already has been saved.
The only general saving is that which be
comes automatic the moment that the res
olution to save Is made.
TT Is not to be expected. and experience
conclusively shows, that the urge 70 save
is not normally continuous, and that
less the single initial impulse may be taken
advantage OF continuous savings will not
take place
"The saving has 10 be automatic. and
thus has to take place before the saver
gets his hands on the money. for otherwise
the exercise of the viii to save must pre-
cede each deposit. This makes il neces-
sary to deduct an amount from the pay
envelope the standing order Of the wage
Garner. and that is a nuisance.
Few employers care TO undertake the
management of savings fund for excel
lent reasons The first Is that they
manufacturers and rot bankers. The &C.
ond objection the executive makes Is that
there Is degree Of paternallsm in With
holding money for the mans good. This
is Objectionable to most employers and to
nearly all workmen."
Here lies the secret OF the lack ol syste
matte saving i'm America. Not only has ther,
been nC general economic teaching. Of ar
easily understood sort. but We possess M
The New York herald., 1921-05-01
Fast Slipping Back Into
The Old ShiftIess Ways

Alas, that we are slipping back into the
old happy GO lucky ways! Our great host of
savers marshalled by supreme effort of
wartime thrift. is disbanding. Il is as IL
they had lived on a sort of a glorihed budget
system to help win the war and then plunged
into an orgy of spending. One almost wishes
for a genuine money trust, as that presum-
ably would devise ways and means to effect
n right about face.
II might be expected that the lessons Of
thrift so painfully acquired during the war
would he practlsed by us for all time. But
It has been shown that year ago spent
FOR luxuries alone a sum equal to more than
billion of dollars in excess of cur total
wartime savings. Alongside of this our
savings in 1920 are pitiful Indeed. they
signify more than that-they are alarmingly
small one need not be calamity shouter
to discern that there is very intimate rela-
tion between them and our present unsatis-
factory economic condition.
All that the mutual savings banks I'm the
United States received Tor safeScaping in
the last twelve months was an increase OF
Sl74.76O,s ,ss4.S4 over 1919 Think OF 4 Less
than per cent Of what we scattered for
The New York herald., 1921-05-01
s12,350,000,000

Here are total estimated expenditures OF
$22, zoe. 900 600 for objects that give but
momentary pleasure. Not that l would pro-
pose taking all the joy out OF life. Ear
from it, A reasonable outlay for many OF
the articles could not be regarded as ex-
travagant or wasteful. There is bound to
be a difference of opinion to whether
some of these things should not be classified
as essentials. But the laying out of such
quantity of money on any of them. and the
huge total. must be regarded "unreason-
able and extravagant, in the light of our
existing economic conditions" to quote ex-
Secretary of the Treasury D. F. Houston.
At the present rate our expenditures for
luxuries in nine years will amount to more
than the total direct outlay of s19S,000,-
10000 for destructive purposes in the
world war. This is not all, as the indirect
costs of the add another $4,000, ,000,-
900 to the gigantic aggregate. How long can
we continue our thriftless drifting?
THE American is a'dollar waster," says
that distinguished British visitor. w. l..
George who has been among us taking
notes the past five months. Writing i'm
the April Harper's. he adds that the aver
age American saves only when he needs
capital to start in business When he makes
money he wants the fulness of life, accord
ing to his particular lights" frank and
fair appraisal. as we all know. When our
minds made up we can save almost as
successfully the French, and they
the thriftiest people in the world.
1t was our proud boast during the two
years and a half following the entrance Of
the United States into the war that over
night we became a nation of savers Not
less than 10000 900 American families sub
scrbed to the various Liberty Loan issues.
In a space of about thirty months we paid
down 1.432, ,950.90 for these bonds. This
means that we managed to save approx
mately $500 000.0 monthly and invested
II in the safest security in existence Like
our Allies in the war. we became thrifty
and achieved one of the greatest financial
successes the world has ever known
The New York herald., 1921-05-01

good times up to the end of December. 1919
was laid away for reserve A dollar frittered
away for each two cents saved This is
record of extravaganza unequalled in the
worlds history
Added to what the savings banks of the
country possessed from the peoples savings
in previous years we have a total OF $685.
SS9,904.1S as a reserve fund The United
States postal savings system has deposits of
s157276,322. Say five and two-thirds billions
after a hundred years of effort our total
available reserve. And yet our annual wage
fund Is estimated at fifty billions.
1t is high time for the American people to
look at the situation frankly. We shall have
to pay our share of the wars cost. In a
recent address William Mather Lewis, di-
rector of the savings division of the United
States Treasury. said among other things:
THE wheels in Europe will not move
starvation will continue, industry will be
out OF joint until the capital destroyed
by the war Is recreated. And on America
comes the burden of that restoration. The
creation Of such capital in the only way
that Is democratic, namely by every citi-
zen becoming capitalist; by every
worker putting some of his savings to
work in sound investments. should not be
difficult In a nation which last year spent
$500. 900 900 for cigarettes and $1,000, ,00o.-
0G0 for candy.
IF America is TO save the world. we
must change from wastefu habits to
habits of conservation. The situation is
critical. The days of reconstruction will
not soon be over. IT was fifteen years
after the civil war before conditions be-
came normal. and seventeen years after
the Napoleonc wars before Europe fully
recovered
"The situation would look pretty bad
for the world II 1t were not for America.
Great. young and inestimably rich in
power and resources. our nation with the
right economic habits and the proper
leadership will make the war great mile
stone OF advancement, and not great
tragedy"
II extravaganza Is the principal result OF
The New York herald., 1921-05-01
French Offer Lively Comment on Days Topics

bring about reforms. IL reforms arc needed,
as any ordinary mortal who has no scien-
tifC mind to aid him. DR. MILAN, beginning
his review Of the situation. says:
Before the beginning of the war feminine
fashion decreed the establishment Of a
hiatus il the waist of the dress which took
tho form OF an soscees triangle with the
base at the neck. This had base Of fifteen
centimetres and altitude Of twenty-five
and thereby exposed to the light Of the
interested observer 1880 square centimetres
or surface which had hitherto been preserved
from my such contingency"
Because of this "isosceles triangle" Dr.
MILAN reports that French dermatologists
were called upon to treat IA Brocq derma-
tits mediothorac in anatomic location
which varied IN intensity from faint rose
pink T. hue so deep that neither rice pow
dor nor cosmetics had any remedial effect
The wars influence on womans dress was
tWufOd according TO Or. MILAN. Those of
lie fair sex who became nurses abandoned
The isosceles triangle. but h. thinks this
was because of the lynx eyed chief nurses
who feared the effect of such exposures not
upon the women but upon tho war weary
poilu. But the doctor pessmistically declares
chat as the bodice OF the nurse crept up
to impinge upon the symphysis menti" In
the zone of the interior far from the fight
ing front there was a rapid increase In
thc length Of the legs Of the triangle.
with the increase of the triangle. the
question passed from a computation OF the
square surface and the figures Of half the
base by the altitude to one involving the
principles of spherical geometry.
owing to the increasing scantincss of the
The New York herald., 1921-05-01

bodice says the Journal of The American
Hcdicni Association reporting this scientific
dissertation for tho edihcation and education
~ American medicos "one string Of pearls
Is altogether insufficient. and a triple row.
or even dog collar is requisite thus giv-
ing my LADY tho appearance Of the most
famous aviators literally bedecked with
fourragiers"
With all this science at their beck and
cali however these doctors and editors sum
the matter up with this quotation from
dressed has ever caught cold. even when
she had next q nothing on cu costume dc
b0i.1
The New York herald., 1921-05-01
ROHIBITION in America is the sub
ject Of considerable raillery abroad


- jeot Of considerable raillery abroad
and even the medical journals are
being hoaxed with false statistics and gen
eral msinformation or are inventIng these
things for the edfcation Of their readers
Under the heading "a Terrestrial Paradise"
Vie M6dicdie Of Paris prints the following:
I'VE all know that the vlrtuous Ameri-
cans. having suppressed the consumption OF
alcohol i'm their country have been filling
our heads with the wonderful results that
this radical measure has accomplished No
more crime, no more Neutrality-suspicious. and
asylums closing their doors-it was enough
to make us wish that, following their
ample, the whole world might be made dry
However recent statistics are OF such
character as 10 dampen our ardor, or at
least TO modify e. II tho reported extraordi-
nary results have actually been secured by
cur good friends the Yankees II rs certainly
not to temperance that the honor must be
ascribed.
THE statistics in question inform us that
during the year 1920 the people of the
United States consumed. IN spite of all in
terilctions, approximately 200 100000 liters
Of alcoholic beverages. we arc informed
that about $4,000 secret distilleries are In
operation i'm the country, and that the traffic
in various forms of splrituous beverages
whiskey at the head-is Increasing day by
day. We are also able to gather from these
statistics that our country has not the
monopoly of laws hastily passed without
sufficient preliminary investigation-laws
that are inapplcablc and remain inapplic-
The New York herald., 1921-05-01

able. There is some consolation in the fact
that we do not stand alone in the matter Of
hasty legislation"
The Paris editor does not give the source
OF his information. and the correspondent Of
the journal Of The American Medical ASso-
citation suggests that IL Is the same that
provided the story Of a floating island built
off the coast Of Cuba. where thirsty Amer
leans could become inebriated in all
privacy"
The correspondent then calls attention 10
three French laws, the suppression OF the
sale OF absinthe. limitation OF tho number Of
liquor retailers, and a third to suppress
drunkenness. and says:
owing to the influence Of these three
laws the number OF alcoholics admitted
annually to the Inhrmerie Speciale has
diminished more than one-half"
The correspondent cites statistics further
to show that during the war the number of
cases Of insanity Of alcoholic origin de-
creased 75 per cent I'm Germany. He adds
that In 1905 In Bavaria % per cent. of the
insane were alcoholics. while In 1917 only
3 per cent Of the insane owed their con-
dtion to alcohol
womens dress. but so far az the
~ records show science has got no fur
ther than ordinary male humanity. Dr.
MILAN Of Paris has made q study OF the
question from the standpoint of the physi-
clan. and has printed his observations in the
Paris Medical However. at the end he seems
70 Be as much in the dark as VI how to
The New York herald., 1921-05-01
VO CENTS SAVED FOR EACH DOLLAR WASTED

ings banks of the Empire state are banded
together in a Statewide campaign 10 en-
courage thrift and saving Their exhibit in
cuded samples of types of advertising used
posters and leaflets distributed in connec-
ton with the development of industrial saw
ings and home economics.
The Society for Savings Of Cleveland E23
a striking exhibit of the operations Of It's
home economies bureau. There was also an
exhibition by the Western Saving Fund So
ciety of Philadelphia, illustrating its system
of conducting ub-offices.
1t should here be stated, in connection with
the latter exhibit, that the States OF Penn
sylvania and Massachusetts, now permit
savings banks, on application, to install re
ceiving stations for deposits in industrial
plants Not many banks have taken ad-
vantage of the new law but what has been
done indicates progress.
The posters arc going out 70 factories
throughout the State Of New York, and in
short time doubtless Will find their way into
plants all over the Union. The design is not
only to cali attention TO the advantages OF
thrift but also to educate the working man
and woman in tire use Of savings banks.
The New York herald., 1921-05-01
Many Promoting Thrift Despite
The Lack of a General System

In spite Of lack of general agreement
on the best way Co promote thrift in In
dustry however. lhc more open minded
employers realize that x saving employee
II more stable and turns ont better work
At tho Harlan plant 81 The Bethlehem
Shipbuildng Corporation In Wilmington tie
Morris Plan has heon effectively used. En-
poyees make weekly payments toward the
purchase Of 500 instalment investment Ger.
tlncates Throughout the country there arn
over l02 Morris Plan companies They re-
rort savings of Si3.O00Ooo az this time III
January S75o,OOO OF savings were made III
this way IN New York city.
Upward Of 90 Of the largest industrial
manufacturing and transportation corpora
tions Of America have adopted the National
Thrift system. This may be described ais
semi-orcial institution, operated by the "a.
tional Thrift Bond Corporation, under the
supervision Of the Banking Department Of
the state OF New York In the four year
OF It's operations several hundred thousand
men and women for the first time hav,
succeeded in saving a little money eaca
week out Of their pay. IN this manner the1
have saved perhaps a total Of $4,000 600. In
Guiding the Liberty bonds acquired by them
through tho system.
The savings movement is an aconomi.,
force making directly for social bettormem
u can be furtherod by teaching simple and
attractive good sense and elementary eco
nomlcg to everybody. Along with tho relr.
ious, it is one IF the two great forming
agencies Of the worlds history. Self-disc
pline is gained whom people make an effort
% save and are successful Saving facih.
tatos wise spending And sensible spending
promotes national well being.
The New York herald., 1921-05-01
By SHERMAN M. CRAIGER,
Major of Finance, Reserve Corps, U. ). A

the existence of a money trust. If
there were one is it likely that the financial
geniuses in control would sit down calmly
and watch the American people make
a bonfire of $22 900, 600 of their earn
ings? Perhaps it is necessary simply to
cite the enormous total of our national lux
ury bill to illustrate the point. We spend
approximately "A per cent of our whole
income for non essentials. If this isn't nd
ding while Rome burns, will not some one
draw an appropriate cartoon and convince
us of the contrary?
The experts of Uncle Sans Treasury last
week announced that over S1O,oO0.0oo,ooo
were laid out in 1919 for luXuries. Chief
among these is our candy bill. then soit
drinks. tobacco, perfumery, jewery, theatres
and movies automobiles and musical lnstru-
ments. Glance at this table, paSeo on the
tay rata receipts.
The New York herald., 1921-05-01

s10.350. 100000
If add to this the following outlays
Tor which both the rich and poor have a
responsibility, the total is enlarged by an
other $12, 900. .000, 900:
Ice cream cakes and confec-
The New York herald., 1921-05-01

HOPE for the future, both for individ-
uaIs and for the nation. rests in the
growth of national thrift. Reckless ex-
travagance. engendered by the war, has
been the subject of repeated warnings
from leaders in every department of en-
deavor. The last election told plainly
what the people at large thought OF Gov,
eminent extravagance What individual
reckIessness in spending means is graph
icaIIy portrayed in the accompanying ar
ticIe by Major Sherman M. craiger-and
he tells also how individual thrift may be
encouraged-a valuable preachment on
this vital subject
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-10-15


LzlleE-sEeElG ". = AePbsrFza Ezz
sbo- ard killed and TEo alleged hs'st-
( leZgera Kere wou1sed IL & basEle -
r8ee1 z p9sss AID alleged Lgzor
deasers near 4onarc-. & inning camp
near Sheriaaa. Byo.
The sfezusE.y Falth. efr eoz1ers
vessel ballr IL rl4e United States, Eas
sold as Iazk a. SeE Orleans foz s.
10. 70 satisfy tie crews wage clz1
81 s2gD1o. Tie Ias- cargo Eas Zl---5
rGLs u oo1es.
Pierced by = knife wozads- appa--
e1tly tae E0rk q 2 maniac, t1e nosT
Il Ja1eg L4wrelee. rwelve-ye 4g-'a-1
scAoal girl zzs f11z1 concealed hea.z3
2 ~ In Klgzez wood, Lear Aa4Asoa-
y. :.
Vrh his head beaten almost to Z
pz.p and wlrh 9 heavy ir0a bar across
KS rAroar. the besIy q Al l1elri-5es1
zsza Eas found 4 TIE Frisco ralIruad
yarglz al Pol1ar BlgE. No. lie was
Nel dressed.
= czmvaizn bas been started 10
au.l3 a lo.el az Mar.oz- o. 70 BE-
EaE1e5 IL h91g- = Pres.deEzt HzT1ln--
L ls 70 cost sssJ ss. viii be eight
stories high and have I60 rosyas.
3lario1 ls President Har1lrgs home
Damage estimated s. nearly 800
- So 1<Tse 10 tae Chicago Rock
Island an1 Pacal.c raJl-ez.i divislon
s1gps a. Pratt kan when Ere ~
stTo2e4 car shezS. carpenter shops
sad - ooE cars
Al Omaha (Seh.) dispatch says 80
EroE1lue1g men hare Ged me United
>Eages Go escape cart offers with
warrants fqr their arrest. following in-
1lctmeat foE blue sEy~ STOCK svsi1-
1les tos2ll1g = -. 0oo00O
Al association was formed 81 Pike
wife, Ky By delegates from Virginia
ke1-HcEy. Ohio AID Tennessee 70 pro
note construction 81 q highway from
HGnt.ag-oa, y. Va 10 Knoxville,
TEN, via Norton, Va
Three armed bandits In a E1otorcar
Bald ~ Andrew DetweiIeT q Enlted
states shipping board payuaster. De4r
rfe Hog Island shsDyard al Philadel-
Ella ana robbed HIN u abou, $10,-
900 They escaped
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-10-15

recommended LYDIA Z. Pi14ha-1' V w
etable COMPOUND and have f5gTi ., ,es'
relief since using it. NJ bscE /, "a go
better and can sleep val - -
house and have the care q iva otiI Up
80 ny work IS very trying and Ian - 80. :.
thankful 1 have found the Cop1aTo3
sQcn a help; / recommend it to nv
friends and il you wish . Use this 49,.
| am very glad TO help any woman s .-st
fering as / was until l used T'T3;a n \
PInkhan's Vegetable CornooInd - :
Mrs MAUDE Z. TAYLOR, ) St lana.
Place, Roxbry, Mass. ---'''
Backache "a one q the most eo-nr,,
symptoms Of a displacement or dars ,--,rI'
ment Of the female system. No go-Ssn
should make the mistake Of tryir 80 -
overcome it by heroic endurance h',t
profit By Mrs Taylor sexue-.ence and ~ ~
LydiaE- Pinkham s VegetableCompc1pd
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-10-15

Ispon 1@1- lad d.,
Spells an At ny
mon2E periods I
s1s a1ost lmps.
ao.e % Keep aroi]1 n.
NJ WORK. Sncs
ny las baby csns
@2 ye1s ago nv
and u psidoa !
could get IN wal5
reAeTe II and doc.
tors nadiei1e IA
int hzf~-~ ~
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1921-10-15
Important
News Events
of the World
Summarized
Washington

W dSnlngton
Unanimous cousel: has been given
b. the gen8te AZ Washington for lG-
mediate passage. EltA9at dlsczssioz,
Of Bill prov.G.Hz $1,000 for eere-
monies "a AFAistIee day for burial
Of 81 unknown Tsnk
Secretary Weeks a. Washlng+c1 ~
affirmed lis decision ngr 80 TevE-t
army alrplanes 10 participate IL e
hlbltlon competlflo1s.
a tax Il 81 & gallon SO 81 alcoholic
spir..s Withdrawn from bond for in
durrlal. medicinal o. any otAer Pug
poses. has been agreed sDo8 b. ReIj11-
Ilcan leaders al Washington, as a Tsrt
q tire new tax revision program. THIS
is an Increase u sI-s3 Esll91 and Is
expected - yleld S75yCsSJ0ls5 s141Zl11a-
al reTeuue each ye@r.
Recon- 3@clols fog lower 1G ges
EE1 p-scss aFe obtained iE the ulel esr-
lty reggxr = tie Ea4l1f4 crzrerss co11-
rz.-~e-- aa 5s rzez@1;e1 80 tae 1s.-on-
e. czferezes "a EEs- gz-e-.- a.
W4s1Eoz
Wa- Howzra T4fE. e1set justice
- IT, Ca.e1 STATES Supreme cylr--
w@4 reelected Cres.3e2t y tAe Uas-
tAr-sa general es8serecc@ e. the orgac-
E4ro1 csas-az business session 81 Dse-
IT,. Mo
Al azx@e-eu. zT.zc1 vfl l1sl-e Tas-
sare a. tas sax h..l ty fEe senate. with
important amendments, Supported -
nearly as tine Republicans. became &
certainty FL Sasaegtoa-
The question q parole or pardon for
Eugene 4 Debs has teen ~la.d aside
for whsle by the Department of
Justice according 20 Attorney Geuer-
al DauGaerty 81 Washington.
Reduction Of the training period for
reserve officers II the army engineer
corps from three tn two u4eltns .n -
DIR to iaaEe possible larger attend
aaoe. Wa- announced 9y tAe War Ge.
Tarfmeat ~ Washington.
Taaroe-a reoreaH zatlon Of the ad-
f.lE.strH r.9u machinery .u the Para
ua Caaa Zeae is recommended ia the
I @Harg rsfert submitted 20 Sec
rey #eas at Washington IS the
Iyae commission