The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-01-18

because IL Is Tree, / computed,
Scotch Thrift
Here is the gist of what I shot
into the air:
suspect / was asked to speak
on thrift because the committee
knew that / hail from Aberdeen,
typical Scotch" stories como.
Sprir.king from such soil, I nat
urally believe in thrift-within rea~
son.
One of my native townsmen
was walking up Union Street one
midafternoon when he suddenly
stopped in front OF newsstand
and exclaimed, That's terrible
terrible"
whats the matter?" asked his
friend. "see, that newspaper
headline says, Edinburgh Express
Wrecked Near Dundee. List OF
Killed and Injured My wife's on
that train"
He re.read the headline and then
started to walk away. Grabbing
his sleeve, his friend excitedly
asked, aren't you going to buy a
paper to see If your wife is killed
or injuredY'
''No," he calmly replied, II won't
buy one now. I'll wait until eve"
ning-then I can get the sports
results in it, too"
Happy Medium
In thrift, as in most things in
life, there is a happy medium.
Neither the miser nor the spend
thrift is worthy example. These
very sensible thoughts on thrift
were expressed the other day by
Owen d. Young, before the New
England Society, presumably to
Americas staunchest advocates Of
thrift.
"The old notion that saving is,
always an economic virtue and
that spending is always an eco
nomic crime has, at least, been
questioned in our day. Savings,
after all, can only mean from the
standpoint Of society, additional
plant account-mOre or better
houses to live in-more factories
to produce-more railroads ana
highways to transport. Whether
we put our savings in a savings
bank or in life insurance or an in
vestment, it all goes to plant. II
thrift we're so universal and, ex-
treme as the prudent urge. our
plant account would quickly out
run our needs.
so we are not to judge Thrift
solely by the test Of saving or
spending. If one spends what he
should prudently save, that Ger.
tainly is to be deplored. But II
one saves what he could pro-
IDENTIFY spend, that is not .neces-
sarily to be commended"
Forbes Philosophy
All through my boyhood my
breakfast consisted solely OF por-
ridge and skinned milk. And
my school lunch consisted OF oat
cakes without butter or jam, and
one rather thin slice Of wheat
bread. But would not regard 1t
as wise or thrifty to continue
that sparse fare today.
My philosophy of money, my
philosophy of money.making, my
philosophy OF saving, my philoso-
ply of thrift, briefly and broadly,
is this:
Duflng the 4lESt HAIL VI nv
those who are born poor should
use both their time and their
money very thriftily. They should
err on the side Of economy and
frugality rather than on the side
of prodigality. Their expendi-
lures should be more liberal for
those things calculated to help
them to advance in the world
books, educational courses, desir-
able contacts-than for pleasures
yielding nothing but passing
amusement.
If and when comfortable cir
cumstances are attained in mid
die life, then. in my opinion,
it is the part Of wisdom to
begin to indulge more generously
in recreation. in travel. In hours
devoted to congenial friendships.
in whatever hobby or hobbies
may possess an appeal.
AS old age approaches, with
a financial competency assured,
the man or woman who neglects
to devote time and money to
1aoeral cOIlnsel. C. H, Pope, vice