Arizona republican., 1921-03-04
DON'T HOARD MONEY;
 SPEND WISELY AND
 KEEP TRADE GOING
Make 1921 a year of wise spending!

Make 1921 year of wise spending.
 This slogan, originated by the Xii wanis club, is being flashed throughout the nation today. Its wisdom is vouched for by leading authorities in commercial and professional life. The Kiwanis club has gathered opinions 1 from these great minds in an effort to ascertain just what methods to pur sue in order to assure prosperous con ditions for this country.
 The consensus of opinion thus gar nered has been put into the following advice:
 "1921-What of it? Make it a year | of wise spending by buying wisely Of
 those needed things for comfort of
 self and home, thereby bringing busi-
 ness back to normalcy in 60 days Logically the Kiwanis club comes to
 the conclusion that with capital willing
 to take a reasonably fair profit and labor realizing its responsibility all that is needed is cooperation on the part of the buying public to make busi- mess IS usual.
 In arriving at this conclusion there is no suggestion of advice to buy ex-
 travagantly, but the Kiwanians have
 taken an active stand against "calam-
 ity howlers," who hoard their money
 land deprive themselves of actual ne-
 cessities in the hope that prices will lcontinue to toboggan.
 |. Answering the argument of these fpessimists, the Kiwanians note that
 Prices went up step at 8 time. They
 can't come down the bannister" Their
 advice to the hoarder is:
 ! If you are on buying strike for get it. Go out and buy today the
 things you need, for the prices are down. If you are waiting for them to
 come down further tomorrow or next
 day or next month, you may not then be In a position to buy
 That Phoenix and the Salt River val Hey is cheerfully emerging from a tenn porary slump is the general opinion oi
 the leading business men here. Some of the merchants report a very en- ! couraging recent increase in business
 Here are terse opinions expressed by men who are in close touch witt conditions:
 Mayor w H. Plunkett: "At no time , , during the brief general depression iusi experienced did the people of Phoeniz
 lose interest in civic matters To me
 this indicates a wholesome optimism
 which is being reflected in quickly re-
 newed business activities"
 A. T. Esgate cashier of the Valley
 bank: There is a. very valuable cror
 in the Salt River valley that is destined
 to attract eventually a great deal oi  a little confidence. This country is a long way from being insolvent. Phoe- nix and it's vicinity has sufficient re-
 sources and ready money to complete ly reassure even the chronic pessimist' Abe Korrick. of the New York store: The turn of the tide is here. The re- , adjustment to new price levels is prae- , tically completed. Buying is on ant , there is every reason to believe that al . ever increasing demand will tend tc , keep prides slightly above their pres ent point. Wise spending keeps tho
 wheels of progress in motion an( brings greater prosperity to individ- uals, the community and the nation t Earl Drake of Stockton, Drake < , Townsend: "The gradual and genera opening up of the markets of the worlt ! is now taking place. It doesn't requri any amount of optimism for the aver 3 age citizen to foresee general pros
 perity in the near future. The mal l who spends money now is only helpin; to bring nearer the time of normalc, s and good conditions"
 I Wallace Button of the Rerrvhil = store: People have reached the stat Q of mind where they have accepte, their loss and are ready to go ahea,
 with greater energy to recover a much as possible. They realize tha 8 by spending wisely and helping tn e other mans business they are indirect
 fly helping themselves. My bushes
 shows an increase over that of las : year. So from a personal viewpoint c would judge that confidence In the Sal . River valley has been very much re U stored. if it was ever lost"
 Howard Peek. cotton buyer: Price
 have about reached their lowest leve [, as far as cotton is concerned There i 5 no reason for a further decline.''
 R. w. Lescher, architect: "Ther seems to be plenty of capital to carr k on the building program in Phoeni1 n Many new public buildings are efthe II under way or planned for the near flu Il ture. Homes are being erected at Il very satisfactory rate. As long as thi H condition continues there is no reaso Il why the investor should not have tn III fullest confidence in Phoenix and tn Salt River valley. And I feel certai H that this condition will improve wit III each succeeding week. In fact HI seems to me that the man who is mak N ing the 1oudest cry about hard time HI is the one who has the most none HI hidden away doing nothing. The ma HI who makes money today is the ma | Xyh