The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-05-06

MOrpantOn NewS-R erai~, quoting Ioii-
trihutOr who has this to say on the SUBJECT
Numerous schemes have been offered TO pro-
vide for the needs of old age after productive
years are ended but to date no scheme has oeeh
brought forward that is All Improvement on the
homely. time honored plan of laying aside some
mart of every dollar for the non-produetNe time
+bo+ .o,oa< IA every man. What is more, no
scheme ever will be devised that VIII exeei tiiiS
nlsp II has incidental benefits as great rs the
accumulation Of a fund for old age Inc as
eipIine. the sacriic that IS always involved III
saving part of every dollar one earns provides
q training that every individual needs and when
every really successful person must have. One
Of the tragic things that the depression revealed
was the fact that many who had been employed
for years at good wages were all but destltute
six weeks after they had been thrown out OF
employment. 1t is true that certain NUMBER
were not to blame for their condition, due to
circumstances they could not control, but the
mass of people who found themselves IN TINS
situation were to blame. This tendency no DOUBT
helped produce the depression and has been
factor i'm its hanging so long. The tendency
the past twenty years has been to rldieule and
bettle thrift, but regardless of the Hppant
platitudes of Appant generation, thrift still
remains one of the chief foundation stones OF
character and success and human well being.
The foregoing, of course, is strange doc
trine to millions of latter day Americans
and it will be ignored by such people. They
belong to the spenders; they do not believe
in saving. Many of them belong to the loaf
ing class; they are parasites. Formerly,
they had hard time, so hard that fire.
quently workers and savers were sorry for
them. Now they have a comparatively
easy time, being supported by the federal
government or by State or local relief
agencies. .-
However, the fact must not be over
looked that millions of citizens of this
country who src not on speaking terms
with thrift, economy, The common-sense
plan of saving in order to have, are not
loafers or parasites and are not subsisting
on public charity. They, too, are numbered
with the workers; but as far as the dis
position of income is concerned, they are
spenders. They spend all they make
many of them go beyond this and are al
ways running behind with their finances
are always in debt.
There are millions of the eountry's citi,
zens who belong to this class and year at
ter year make no progress whatever in
achieving financial independence
If these people could be reached, then
views of life changed, and they could be
induced to become savers instead of reck
less spenderS. vast change in America
social and economic conditions would bt
wrought. Reasonable spending is to be
approved. A prosperous condition of the
country demands this and it's prosperity is
based on it. The mistake made in this
country has been that of adopting the pol
icy OF reckless spending, of living beyond
the earnings and financial resources of The
individual or family the policy of ignoring
the principles of thrift and saving, or build
ing up financial reserves for old age OIL
''the rainy day" b. ...
AT this time the spending idea, of course
is paramount in the minds of a large ma
Jority of the sountry's citizens With thei
national government setting the example
OF program of the most profhgate anc
senseless spending in the worlds history
following an era of unprecedented spend
ing by State and local governments, tn,
situation could hardly be expected to b.
otherwise. The people of the United State
have always been free spenders. They Low,
to see money fly. Watching the exampl