The Princeton union., 1922-02-16
Thrift and Wise Spending.

Thrift and Wise Spending.
Thrift was the special preachment
to the American people for seven con-
sccutive days, but there seems reason
to believe that the period might have
been extended to eight in order that
the text of prudent spending might
have been exposited.
Thrift week is done, but the remarks
of S. w. Straus, president Of the
American Society of Thrift, are appli-
cable to every week in the year.
Thoughtful attention, he declares,
should be given to the fact, particular
ly in this period, "that prudent spend
ing is as much a part Of true thrift
as careful saving"
"One of the economic ills Of the
present time," says Mr.. Straus, els
the general retrenchment by the pub
lie which has come as reaction from
the waste, extravaganza and over
speculation which Immediately fol-
lowed the war.
"There is a vast difference between
boarding and constructive thrift. We
must thrive. We must make progress.
We must move forward. And these
things cannot be accomplished unless
there is Intelligent spending by the
public as well as intelligent saving.
'The man who makes an expendi-
ture for the construction of home,
for example, is of more constructive
value to society than he who merely
boards a similar sum.
"Saving is just one of the links in
the chain of thrift. It is one Of the
most important ones, but within it:elf
has not the value and utility which it
gains when linked with prudent spend
ing.
"We are sure no one will accept
these words as depreciation Of the
sturdy virtue of saving, but at this
time when there is so much unemploy-
ment in the country and when many
lines Of trade are not getting the vol
ume of business that they should be
enjoying normally, it is important that
we keep in mind the fact that the in
telligent and constructive expenditure
of money is necessary to the rightful
needs of business and to the general
progress of the nation.
''To spend money wastcfully would
not accomplish any substantial re-
suits.
"Waste is an economic sin.
'But to spend money in ways that
are not wasteful and that will mean
more widespread employment in the
trades and industries Of the country
is very commendable action at this
time.
"Let us understand that it is no
heresy to the doctrine of true thrift to
spend money with prudence and INTEL
ligcnce. For without tlitse progress
would cease.-Washingto Herald.
Crime News.
Lee A. White, editorial executive of
the Detroit News, gives the following
illustration of the reasons why there
is such a prevalent belief that daily
papers print great masses Of crime
news:
Column one, disarmament confer
ence. The reader: Disarmament con-
ference, um, um, um. Japan, UNI.
Hughes. um. Shantung. um." Fin
ished.
Column two, Stillman case. No
ums. Close attention. Occasional
murmur of Can you beat that?' One
reader says he must scan the columns
because the case is u sociological doc
ument.' Another merely says it is hot
stuff Both skip nary a word.
"Column three, the farmer bloc in
congress. The reader, UNI, UNI. Well
know what think OF farmers Fin
ished.
Column four, murder. The reader
say, here's mystery in real life.
Why, it's as good as novel; No
further sound from him for twelve
minutes. Finished.
Column five, orchestra deficit. Or
chestra must be saved. The reader,
is that so? Well, let somebody save
it then.' Finished.
By that time, Mr.. White said, the
reader turns hurriedly to the sport
page and, after having earned his
rest, sleeps, his slumbers disturbed,
however, by the thought of the crime
the newspapers print.
Stone Rroke