The Glenwood post., 1923-09-13
Uncle Ted's Bed Time Stories
Current Events for the Children
and Grown-ups, Too
UNCLE TED TELLS
A STORY ON SAVING

81 don't see why l can't have 4
quarter tonight said Jack, teasing
his Uncle Ted for money. - want to
take Freddie to the movies and l
haven't got enough to get in with
Jack, you are just like nine out
of ten people in this country today
answered Uncle Ted. "You want to
Spend, SPEND, SPEND all the time.
During the war you, even as a little
chap were glad to help save. People
everywhere saved and bought Liberty
bonds and War Savings stamps and
learned the real meaning of thrift.
But with the war only memory to
many people, they have not only
squandered Their Liberty bonds and
savings, but they themselves know that
they ale living beyond their means.
IN either words, lots of them spenI
more money than they make, and that
cannot last long before something dis
astlcus happens. o..
so it is with you. Within ten
minutes after you got it you spent a
Dire ! gave you tonight for your say
ings hank. That is the wrong wav to
star in life. individuals cannot get
ahead that way and neither can
nation. The extravaganza of the gov
ernment during the war left one of
the tremendous problems for President
Harding to solve. 1t was one of the
big tasks that helped kill HIN long
before his time. But with the aid of
his advisors and the thinking mem
bers of congress, big steps were made
toward saving money, not only for the
government but for the people them
selves. Those savings have led Chair
man Martin B. Madden of the House
Appropriations committee to say that
he has worked out a plan, a "practi-
cal plan he calls it, to present to the
next congress, that will greatly reduce
the already reduced taxes. What
greater service could be given to a
country than that?
Mr.. Madden s statement csme after
he held a long talk with Secretary of
the Treasury Mellon. Mr.. Madden
. feels that the wonderful savings eff
feeted by the present admin stration
will make possible lower taxes. and it
is with this idea as a foundation that
he will present his plan to congress in
December. From this we can see that
Pres dent Coolidge, CARRYING out the
plans of the late president as near as
is possible, will have the fine support
of Mr.. Madden. You will probably re-
member that at the last business meet
ing of the government attended bv
President Harding, the late president
said that he hoped the estimated
amount needed to run the government
for 1925 would not be more than
$1,790,000,OOO. This was to be excIn-
sive of the amount needed TO reduce
the public debt and the money need
to run the postoffice department. This
would mean that the money to be ap-
propriatrd by congress should be Sl26,
100000 less for 1925 than for 1924.
When we see this spirit of Co
op ration between the president and
the heads of the various government
ageue es, together with the chairman
Of the big House Appropriations com
NIT e, it is up to each and everyone
Of us a items to give our help, even
IN the sma lest way. Some can help
moro than others. 1 hope that the
Democrats VII cooperate with the
Republicans to make economy last NJ
policy. II they do the right thing. not
only by the people rs a whole hut by
themselves, they Will who chcar edly
join in and make economy n word tina,
means SOM thing and another reduction
of taxes fact instead Of something
we all hope for. No one, no matter
what his politics, can deny that the
Republican party has earned great
credit for reducing both the amount
of money spent for running the gov
ernment and the amouut of taxation.
Some critics admit that the rcduc-
tion has been accomplished, but charge
that the reduction has meant poor
work N the various government depart
ments. Let me tell you this, kiddies, I