Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-21

ing on Education and the Use Of
Money" DR.. Smith said in part:
Instruction in the nature of money
should begin as soon as children have
any occasion to make use of IT.. It is
entirely possible for normal children 10
gain facility IN the use OF tools 50 far
rs these are applicable at any given
pennies as much as It does to marbles
or tops, or TO knives and forks.
IAN educational program Of money
management must start and center
about the principle Of thrift in its mar
row acceptance OF savings, but it must
not end there. 1t must clarity and en-
large the conception or thrift so that the
child will develop an ideal and a habit
of balanced spending. That dollar is
a servant to be used and not a master
Is a principle that should be well estab-
lshed in the mind of the child.
II have the temerity to say that an
educational program will not be COM
plete unless it provides in some way to
meet the needs of these men and
women in early life and, indeed. in
middle life, who find themselves none
too well equipped 10 grapple with one
of their chief troubles There are nu-
merous rlans which offer education 70
grown people. should say that the
reed for sdult instruction ~ ss",re Wa
a-ncCg he met Important.
LszSs:ss.- NEEDED.
The asyelopnn.ns ~ = system q AGO..
non1tc eauc2ticn rGnnot BE- hrcus ~
sooUt by immediate uaivsrsSI accept
Snce. There must bs the leadership of
communities where there Is a readiness
to recognize the need and to attennt,
to meet 1t. The best that could happen
to the movement of education in the
use OF money would be for a few pro-
gressive cities. towns and institutions to
enter seriously upon wise experimental
ton In starting and fostering courses
IN money management. The idea would
rapidly win attention and approval WITH
consequent wider adoption.
Sometimes cataStrophes outside the
control OF the individual, affecting nu-
merous persons and groups, upset every
calculation OF the individual and over
Whelm him in a. common disaster
Mergerships prematurely throw out of
employment thousands OF men and
women who have had every reason to
believe that their incomes would con-
tlnue indennitely. Times Of depression
too speedily exhaust the reserves of
those who, out of moderate incomes
have been able to save only moderate
amounts. The remedy for these con-
ditions cann5t be too eagerly sought
nor too speedily applied. Our Nation
cannot afford to fail in remedying the
defects In an Industrial structure whose
inefdciency is er1bittering hundreds of
thousands Of worthy men and women.
There Is some danger that banking
institutions will do little or nothing
because Of the fear they will be mis-
understood, that 1t will be charged
their motives are selfish. IT IL clear.
however, that the people have develz
oped great confidence in that business
TO which they are committing the han
ding OF vast sums Of money,
WIN Cooperate More.
In his address late yesterday after.
noon before the convention Henry
Bruere, president of the Bowery Savings
Bank, New York, declared "the dis
1lusionments of this period Of depree-
sion will yield only future profits IL ye
who are the responsible managers Of
business have the wisdom to remen.
Der that next to bread and shelter and
the love Of their fellows, men need and
want nothing so much as they need
and want security
Employers win more and more CO.
operate" he said, "to enable their en-
ployes to buy insurance, TO obtain pro-
lection In old age and to have a re-
serve for sickness. There will be made
joint provision for unavoidable periods
OF unemployment of some wise plan,
based on the careful consideration nj