The Nome nugget., 1950-03-27
WHY BE THRIFTY?
(By George s. Benson President Harding College)


 Ben Franklin's old wisdom: "A penny saved is pen- ny earned" had great part in building America. In fact it made enough to become part of America Our thriftiness contributed wonderfully to building this land of and the folks who saved their pennies had lot to do with it. You count most of the great companies that well today and behind nearly all of them you will discover history of saving and thrift that made the original idea possible.
 But say that saving money time good philosophy That is because practiced It would be just good today, and would go long way toward creating the jobs and opportunities upon which the fu ture of this nation must dependf the philosophy of saving put to But saving and thrift have today fallen into dishOnor Today, the who thinks of saving his money and then of investing those savings is likely to be called foolish man.
 People who know facts can call such man foolish. There are two for this attitude First: is ly impossible to money. Government taxing pol- ces and government Encouragement of private thrift make 1t Wel-nigh impossible feat for the few people who have investment SZe incomes to save anything at a So why try? Second there's sufficient incen- tive to invest Heavy corporation and income taxes make earnings from investments so low that very few of those who do will take the risk involved in put ting new money into industry.
 The people of this nation rapidly forgetting what those habits of personal thrift of laying up for the rainy day. have meant in the growth and progress of the nation And this is true depite the fact that dollar of private investment is IA times effective in creat ing jobs than dollar of government money When money put into business it goes to work, benefttng everyone. But money taken from business and invest ors is great drag on the whole nations welfare
 am seriously concerned lest youth grow up los ing sight of the importance of thrift The week of Janu ary Y to 23 designated National Thrift Week" and 1t seems to me that good time to pause and do bit toward the preservation of thrift Whether teach young people thrift both by precept and ample, can have lot to do with Americas future.
 Our young folks must be taught that there is such thing as easy money We cannot afford to educate this generation that the best way to make money is to go into politics, marry into it, win radio give away find new racket" wait for rich uncle to die, win the sweepstakes live the dole It is possible to get money in all these ways but they not the right ways This country not built by those wishful thinkers who are ever looking for the quick dollar.
 America was built by dreamers, however. We can give most of the credit to those practical and who had ideas. either their hard earned dollars the savings of others of like courage that made those dreams true. If there any gamble it simply the risk they dared place upon their own ideas and abilities They had the necessary courage and vision They had enough incentive to engage in enter prise In word, that is the philosophy of free enter prise
 May Americas philosophy always be thus. We must know and understand the meaning of thrift More than that cannot afford to penaze those who would money by any national policy practice Savings put work in the form of capital for new and growing en