The New York herald., 1921-05-23
MONDAY. MAY 3s. 1921.
National Watch Towers.

Census reports showing that more
than 100000 families in the United
States own their homes serve notice
in capital letters to the Bolshevists.
Soviers and anarchists of the world
that they never can get their clutches
on this country.
Frances .bulwark aga inst those TO-
menters Of destruction is the peasanL
land owner The rest of continental
Europe may rock under communistic
raids on the government of States so
as to pillage the savings Of individ-
uals, but the land owners Of France,
holding their property, putting It to
productive employment, and through
their industry, frugality and self
denial making the support OF the
nation as we'll as of themselves, guard
the national gate. through which the
despoilers shall not pass.
But here in the United States there
are more than the 100000 families
and 100000 members OF families
possessing and living In their own
homes to be the first line Of defence
against the proposal of anybody,
whether Grass anarchist or more in
sidious socialist, to strip those that
have something for the fleeting in
diligence of those that haven't.
On top Of the 100000 owners of
bor,ac ~, Tho ITnitad Gtofac rapra-
senting an estimated property invest
ment Of thirty billions of dollars,
there are some 100000 savings
bank depositors with more than six
billions of dollars TO their credit.
There are some 100000 policyhold-
ers Of ordinary life insurance. These
policyholders pay premiums out OF
their earnings and savings on more
than thirty billions of dollars OF life
insurance for their families.
But this is not all that goes 10
make Americas national bulwark
against the Lenines and Trotzkys
under whatever banner the outlawry
hunts the self-denying and the provi-
dent. There are, for example, more
than 135, 900 very small stockholders
who have husbanded dimes and dol
lars OF their savings and invested
them in shares of the Pennsylvania
Railroad. There are as many more
who likewise have acquired small
holdings in the American Telepho1A
and Telegraph Company. There IS a
similar army or small investors in
the ownership shares Of the United
States Steel Corporation. n there
are so many thousands in those great
companies, how many tens of thou
sands more must there be with mod
est investments in all the others!
While we were in the thick Of the
war there were 2o,0O0.00o Liberty
bond holders. Figures are not OBJ
tainabe to show how many remain.
But while it Is probable that mill
ions Of the original subscribers have
disposed Of their bonds, whether
through necessity or wanting to
spend the money on some fancy Of
the moment. there are more millions
Of subscribers who have held on to
theirs at whatever sacrifice Of self
Indulgence and viii cling to them
through thick and thin.
And whether they are owners OF
their homes. or small savings bank
depositors. or holders of few
shares OF transportation or indus
trial companies, or life insur.
ance policies, or United States Gov
crnment securities, these tens Of
millions of American property own
ers and investors did not begin to
live their life with the doctrine that
they ought 10 get a living without
working for II. They had senso
enough as well TO know they could
not get nest egg without saving II
nut of their earnings. and they had
character enough 20 begin to save
and TO stick to Il.
These milliop,s of workers and savers
know that they have not been abler
or shrcwder at their labors than
The average of their nelGhbors and
acquaintance. They know that.
taken az whole, they have earned
no more for n given task done In a
sven way than the other fellow.
They know the plain truth about
the waster.
These millions Of workers and savers
know that the soap box spouter who
tells you that the man who owns
something works wicked injustice
against the man who owns nothing
Is not friend but IL an enemy