Woman's enterprise., 1921-12-16
LOUISIANA CLUBS
.::oEoE-

record for having the first one hun
dred per cent school in The l.. S. m
which every child had bank account.
No. McDonough, No. II was the fir.
school.
There is no reason, now why everv-
one should not have bank a,coua.
even from the SmaIcst earnings. Tn.
days when the banks catered - en-
the large depositors have ras>i an
these institutions are all working on
the principal that the small doDc-.,
VIII some day make a large inve.r9,
Therefore, deposits started with one
dollars are quite as welcome as tn
one begun on a very much larger
scale.
The last point which I have chosen
for special comment is that of carry
ing life insurance. The value of life
insurance is such truism that il
seems almost useless to try to make
1t more emphatic-and still we find
the following facts among govern
ment statistics: eighty-two per cent
Of the value of combustible propertv
is insured against fire, but only seven
per cent Of the economic value of
human life covered by Insurance.
Thlrty-five per cent of the widows of
the country are in want. In the face
OF these facts, we derive from the
same source the information that lie
insurance companies are distributing
more than two million dollars per
day, and that these companies save
the nation more than thirty million
dollars per year in maintaining the
poor. Looking at the question
squarely, really makes one want to-
preach the gospel of life insurance.
The Pan-American Life Insurance
company is issuing a child's educa-
tional endowment policy, which will
prove a God-send to many child
whose schooling would otherwise have
been cut short. The endowment per
iod of this policy is fifteen years. at
the end of which time the full amount
is paid to the insured if of age, other
wise to his guardian.
There are a great many other in
teresting details in regard to this
policy, but these facts are enough to
show you how beneficial an income
of this kind would be to child, for
instance, insured at the age of four,
and prepared to enter college at the
age Of sixteen, should he be confront
ed by family of misfortune.
My reports from the other clubs
in this district regarding thrift are
very meagre. Most of them seem to
be doing the indirectly, chiefly to our
own clubs here in Covington. The
Progressive Union has the distinction
of having established and still main
tains the most successful curb mar
ket in the south, unfortunately, we
are deprived Of the privilege of dis
playing to you, our market in action,
as our market days are Wednesday
and Saturday morning.
Our School Improvement League
has under it's auspices the thrift saw
ings movement in our schools and
while we are not hundred per cent
institution, we hope we shall some
day develop to that degree.
In closing want to say, that to be
a money maker may be a gift, but to
be thrifty requires special effort on
the part of most Of us; if success is
worth anything, it is worth the sacri-
flee of a few pleasures, and l wish to
leave with you the resolution from
Poor Richards Almanac, which is
quite appropriate:
81 resolve that I will save as I
get, for it is safe and sage advice,
that if you would be wealthy, think
of saving as we'll as of getting.
lMnc Cl 2 RIIRNC