The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-03-27
LATEST NEWS AND QUOTATIONS OF THE FINANCIAL MARKET
Making Pay Envelope
Old Age Insurance
By RICHARD HATTON


"Every worker becomes a bust
velope.'s declared President Victor
b. Deyber, of the Second National
Bank, speaking over the radio last
night as the local feature in the
nationwide campaign of education
fostered and directed by the Ameri-
can Institute OF Banking. Mr.. Dey-
ber's subject was "A Square Deal
for the Pay Envelope" and his talk
was one of q series being broadcast
in Washington under the supervis-
ion of Charles d. Boyer, cashier OF
the FederaI-American National
Bank.
Thrill Every Saturday
ut is a great time when the pay
envelope is opened Saturday night, "
declared Mr.. Deyber, "and Il Is q
dull family that does not get a thrill
out Of it," Indicating that the mat
ter Of luxuries could not come first,
Mr.. Deyber said: 1.-THE wise father
sponsibilities. One wise philosopher
said, The conditions essential to
success viii be present or absent
when the pay envelope Is opened.
He meant that the way q mans pay
is disposed of shows whether that
family is going to move along in
comfort and security or Is headed
for the rocks. For many family
goes to wreck right at that point.
Every worker becomes a busi-
ness man when he gets his pay
envelope. First. the money must be
set aside for board. groceries. cloth |
ing. and rent. II. this is not done |
the family is headed toward trouble
Getting into debt is easy: gettinP
out is about the hardest thing there
Is. The man or family who doesn't
provide first for necessities and |
paying bills incurred. Is counting |
disaster.
Requires Business Ability
Making the most of the weeks
pay requires real business ability |
The wife who can aid her husband |
In this Is doing q genuine service |
contributions to the familyss |
happiness and wen being.
Meeting the bills and providing |
for expenses Is the first considera- |
ton, hut no man ever wins great |
success by simply paying for what |
he eats and wears and place 80
sleep. There's a lot more than that
IN the pay envelope. For out OF 1t /
w SaA ooAA0 ouSSSSS AOA SAAS
Laying aside a part Of your
each week. putting some
thing from the pay envelope In the /
savings account means all the diff
ference between security and COM
fort and q hand-to-mouth existence.
II you spend all you earn. there is
nothing left 10 meet sickness or /
emergency-and these emergencies
come to all.
Start Saving Early
"Of all the millions OF people In
the United States who reach the
age of SIS, said the speaker, only al
bare majority are seIf-supporting /
In q country famed for it's wealth
and opportunity, isn't IL surprising
that practically half OF all the men
and women who should be able to
take their old age in comfort areI
upon others?
Hard luck does camp upon the
trails of some people, and dog them
life. But they are q very
small minority. 1t isn't bad luck
which brings the average man or
family to poverty and want, but
bad management.
The time TO prevent these things
Il not when your hair IL white and |
you are bent with age. but right
now, in the height OF your vigor.
when you can do as good a days
work as any nan-and the pay en-.
velope comes in regularly every
Saturday night.
Money Grows in Bank
Money is not like potatoes" Mr..
Dayber declared. t'It won't grow
when you put it in the ground.
Neither viii it grow Il hidden away
In the old sock or concealed in the
family clock.
Put 1t in the bank or in some
good investment. and 1t begins to
multiply-it brings you a good crop
Of interest. Don't waste your time
envying the man who has an In.
dependent income Put your
money In the bank, and have an in-
come of your own.
Your money will not only earn
more money in interest. but 1t viii
help the entire community. For
1t Is the money deposited in banks
which builds home and stores and
factories and keeps the wheels of
the savings Of people not any
Weather than you, which promotes
trade and commerce, enables your
employer to pay you what you
earn. and keeps men and women
Of the Job.
So 1t all comes back to the pay
envelope. and out Of that pay
envelope you can lay the basis Of
your own comfort and prosperity.
Warning against fake invest
ments, Mr.. Deyben said:
Americans throw away hundreds
of millions Of dolIars-some years
II IL nearly a billion-by putting
their money into f1y-by.night stocks
and wild schemes. Many a person |.
who has saved up a nice little
nest-egg, maybe thousands Of dol.
lars. draws out Of the bank his