The Chronicle-star combined with the Moss Point advertiser., 1942-09-04
War Increases
Saving And
Thrift Instincts

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Che&gwhAt var hss dF
t0sh 81 tAe sA.fssf anxtns mr
r. ire sklsfg e &N 81 rs
ainav Ans4Nn ctn Ea
pveif Illustrates a half
hua anAs e
uetted rs @rn building ARD
toan ssfsaaa thv fsNf naH
1914 according 81 Frnsrw Caa
un tnaansE ind pF ns
ef the Nn4tea Stxsrs Sap n9s Ns
Lean Larae D8ssmK the m
pnoa b. further cites sse asaa
ctHtar hase ~as - sef esfs
TONERS an estimates xIM ~ m
tn WAf hsnds
he namtz o. sse Mserf de-
ts1A ot the savings and Assn ln
fiow 81 funds They we're nsw
fnaney whch came Ia. fgtrn s
- ard investors in June wax
kG3to s a fifth agatn az as4lch
Is Ia IRE satire mcnth 81 ia4f Ct
payments on the principal q
brine mortgage leans wpfe $3.50
$4,000 for tire FIRST frye mouaf
ueA YesF, and q ssFahlH part Il
tins Num represents payments
ahead nf schedule and contracts
and the pet gain ~ Hew money
fur the half year was St41 $1,000
Adding Ihs anliAr volume 81
both savings share accounts AMI
war tands sold Il the receipts
on loan aceounts We have ID the
savings and loan Institutions
alone concrete evidence of seas
naoaoo wlthiseid from tfe stream
OF purchasing power. and lhQs
neuualixcd IN its missionary a
poets said Mr. Cannon He md
Gated that TINS was greater dol
lar volume 81 thrift than had been
previously experienced BY q great
many Of the managers OF These
thrift ard home financing lnstiEu
tons foF any similar perloa u
time.
Increased Incomes
The reason f0E ii T. taufuld
he continued As to the sbihn|
Of families % save mefe ftis war
because incomes IN the lower.
brackets have been swollen con
~slderably, there can be 40 doubt
Data from TIE bureau Of labor sta
tistics which reflect a survey the
first quarter a 1912 show that
savings were about 70 per cent
higher than IN tho first quarter
OF the previous year.
Not all Of TINS Increased thrift
came. however. from families
whose incomes have gone Up It
Is significant that this survey
showed those whose incomes aid
not change saved enc half again
IS much sx they 10 - he aver
age quarter Of last year A nota
bic number Of savings, building
ana loan association members are
III tins category and their per
Torrance shows that Il Is moi only
the ability to save bat the great
er vii 10 Dc 50 which Is being
demonstrated in our increased in
flow Of savings today.
Pay Mere Debts
The $3.50 001. 600 repaid on
home loans Is q method Of say
inEs Is surely as setting tfla mon
ey@axide in ; savings share ae
count. a val bond or an insuf
snep policy Similarly. people
have been choosing to pay of
their other personal debts af 4
time when the nation Is tighten
ing It's belt generally
The rising tempo Of net say !
inEs receipts TIE second quarter
this year a. compared WIth the
first quarter in savings building
snd loan associations would aug
gest. however. that the hauida
ton Of debts On consumer goods
and other obligations Of shorter
term than home loans xas . spe
cal characteristic q the cartier
quarter.
For the next three months
and continuing On through tae
present many Of the people who
paid of loans the first part II TIE
year are able q save f1F the Il
lure IS they have not been able
for some years. and they account
for considerable q the increased
receipts Their number MAJ Be
expected q expand Is fhe months
60 along and Is more personal
oeLts are finally discharged