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title: 'The Day book. (Chicago, Ill.) 1911-1917, August 25, 1915, LAST EDITION, Image 9',
meta: 'News about Chronicling America - RSS Feed',
Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL
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N. D. COCHRAN
EDITOR AND PUBLISHER.
BOO SO. PEORIA 8T. CHICAGO, I LI.
Editorial. Monroe 333
lelepnOneS Circulation, Monro 3SM
SUBSCRIPTION By Carrier In Chicago.
30 cents a Month. Br Mall. United
States and Canada. $3.00 a Tear.
Entered as second-class matter April
21 1914. at the postofflee at Chicago,
111, under the Act of March 3, 1S79.
THE PEOPLE'S SAVINGS. I no
ticed on one of the billboards a big
poster on which Mayor Thompson
and City Comptroller Pike advise the
people to take their savings out of
the safety deposit boxes and invest
them in 4 per cent city bonds. That s
good advice in my judgment, and
mighty good business for the city and
for the people.
A Chicago bond, to begin with, is a
gilt-edged investment- It can always
be used as collateral on which to bor
row money, and there is always a
ready market for it, so that it can
quickly be converted into cash.
The best and strongest banks pay
but 3 per cent on savings deposits,
and just when you might want your
money most the banks can serve no
tice on you and hold it back for 60
There are many other-reasons why
it is good policy for the city admin
istration to get the people who have
savings to invest them in city bonds.
One of the other reasons is that some
day the hankers may try to prevent
the sale of city bonds, when the
money to be raised on them is to be
used to buy or construct city-owned
utilities, and then the people can fur
nish the money themselves instead
of being dependent upon the money
lenders. Another reason is that the sooner
the people learn to handle and invest
safely their own sayings the better
off they will be, because of the city's
greater freedom from the money
lenders. I know of nothing better the pres
ent administration can do than to
conduct a campaign of education for
the purpose of showing the people ,
how to handle their own money and
use the power of THEIR savings for i
their own good.
The financial power of bankers,
which gives them political power,
does not come from their own money,
but from having the use of the peo
ple's money; and it sometimes hap
pens that some money-lenders skin
the people with the people's own.
I am strong for the people of any
city owning their own bonds and hav
ing their own money invested in their
STRIKEBREAKING COPS. Say,
Mayor Bill, take a friendly tip from
me and put a quick stop to the use
pf the Chicago police force as a
strikebreaking agency. One of the
things that helped put a crimp in
Mayor Harrison at the primary last
spring was the use of the police as
strikebreaking thugs by the publish
ers' association during the lockout of
the pressmen in 1912.
Union labor isn't asking that the
police be turned over to the unions
to beat up and jail employers.
Union labor isn't demanding that
the police of Chicago use their clubs
and guns to help striking workmen
win their battles.
All they ask is an even break.
They want only a square deal.
They don't ask that policemen
wrench the arms of the wives and
daughters of employers as tiiey
wrenched the arms and otherwise
brutally maltreated the striking wait
resses when the police were fighting
on the side of the hotel and restaur
ant men's trust
All they ask is that the police mind
their own business, preserve order,
maintain the peace and take neither