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Indiana State Library PE S Vol. 62. Jasper, Indiana, Friday, FEBRUARY 6, 1920. No. 35. t "Before and After" in the Near East "THE NEW AMERICAN THRIFT" m 0 : r ' : ? 1 ; ?. V r.y v. s.v.: Tt4 n k, . 'ÄliSÄtpl 'BEFORE." "AFTER." From misery to corafort and self-respect in Ave days' time, simply through the magic of an American ten dollar bill, is a transformation that is being wrought dally In Western Asia by the Near East Relief of 1 Mad'smi Avenue Neic York City. The group of five Armenian children .shown in two pictures here have reason to bless the American donor o-f that ten dollar bill. With this money, the expert workers of Near East Relief in Armenia wore able to rid the poor children of their loathesonie rags and to clothe them with new garments of alaja cloth, woven in a Near East Relief Industrial plant and sewed into garments by the mother of the children. The mother was also paid a small fee for her services In making the garments. This was a lucky family. Thero are thousands of others not so lucky in the Near East, simply because of a lack of other ten dollar bills. Near East Relief Is asking the American people to contribute funds to save the starving In the Bible lands. It is estimated that over 1,2")0,000 adults are in desperate need, and 2.V),000 children are orphans and must be cared for. For the sum of $1S0 a year Near East Relief can not only feed and clothe and .shelter an orphan child, but can also give a course in educa tlon towards ultlmateself-support and independence. Many of these orphans ore being adopted" hv Americans, "ho are providing funds for the support of one or more over a given period. Forty Financiers, Bankers, Business Men and Educators Write on Big Problems of Day. Forty financiers, bankers, business men and educators have analyzed thrift in a volume Just Issued by the American Academy of Political and So cial Science. It is entitled, e New American Thrift." Among the subjects treated are the following: "Relation of Thrift to Nation Building" Thomas Nixon Carver. Harvard university; Freedom Throuch Thrift' Wrlllam Mather Lewis, director savings divi sion, treasury department; Thrift as An Individual and Family Problem (Sonw;' Standard Budgets) B. R. An drews, Columbia university; The In surance of Thrift," John A. Lapp, man aging eedltor Modern Medicine; "The Nation's Call for Thrift," Frank L. Mc Vey, president of University of Ken tucky ; "Wealth. Income and Savings," David Friday, University of Michigan; "Thrift and Labor," A. II. Hansen, as sociate professor of economics, Uni versity of Minnesota ; "Organized La bor's Attitude Toward the National Thrift Movement." Frank E." Wolfe, American Alliance for Labor and Democracy ; "Thrift and " Business," George W. Dowr!e, dean of the school of business. University of Minnesota; "Thrift and tho Financial Situation' A. C. Miller, federal reserve board; "Capital Needs far Education in tho United States," David Snedden, Co lumbia university; "An Analysis of the Need of .Capital for Transportation In the United States," Holcombe Parkes, associate editor. Railway Age; "Amer ican Farmer's Need for Capital," E. H. Thomson, president Federal Land bank ; "Capital Needs for American In dustrlal Development," Francis II. Sis son, vice president Guaranty Trust company of New York ; "Capital Needs of Foreign Trade." Thomas W. La raont. J. P. Morgan & Co.; "Memoran dum on tho Economic Situation Her bert Hoover, director general of relief, Stanford university; "What Fuel Con servation lleans to America," Robert W. Wool'ey, Interstate commerce com mission'; "Food Thrift," Raymond Pearl, Johns Hopkins university; "The Garbage. Pall, a National Thrift Barometer," H. L. Baldensperger, Uni versity of Pennsylvania; "The Func tion of Salvage In the Education of In dustrial Workers," George W. Sher man, manager salvage department B. P. Goodrich company; "Efficiency and Thrift," W. IC Conover, General Elec tric company,' Schenectady, N. Y. "Requisites of a Good Investment," Al bert W. Atwood ; "Speculation and the Small Investor' Theodore H. Price, editor of Commerce and Finance; "United. grates Government Bonds as Investments," J. E. Cummings, Uni versity of Minnesota. Financial Creed for All Every individual In the Seventh dis trict Is being urgd by the War Savings organization- to live up to a financial creed during, 1920. Following is the creed suggested lfj the government: I believe in the .United States of America. ' My opportunity' and hope depend upon her future. ; 7 I believe that her stability and prog ress rest upon the industry and thrift of her people. Therefore, I will vrork hard and live simply. ; '-'y' vv I will spend less 'than I earn. I will use my earnings with care. I will save 'consistently. I will invest thoughtfully. To increase the financial strength of my country and myself, I will buy gov eminent securities ,1 I will hold above barter the obllga tions my country thus Incurred. I will do thc3 things to Insure the greatness of , Jaerlca'a future. Mm MÜlcr Graham, vho is ncna one of tha- wcalthj hostesses of OnwTcnor ttrat, vül take tha plac of Mn. Keppel, who was such s great farorite of King Edward 8h is the widow of a California million aire and one of her ball novel tie was a hugo watermelon which wta rolled into the middle of tha rcsm, Grow Alfalfa. An acre of alfalfa yields &&Q pounds of digestible matter; red clo Ter, 8.200 pounds; and com, 2.SQ0 pounda. In every dollar's wortn of alfalfa there are thirteen pounds of protein la every dollar's worth of com there ara only eight poumds of protein. Th great value of alfalfa as feed stuff Is therefore apparent. Alfalfa enrich ea the coil grain im poverishes the eoil. There remains little more to be said. Every farmer who reads this should begin Immediately to make prepara tions for putting in a piece of alfalfa, "ven though it be only one acre. If you can grow an acre next year yon can grow ten acres the following year and then twenty forty, and even one hundred if jour farm is big enough to make so large a field prao ; tlcable. Ten acres of alfalfa on erery farm In the United States would give us in round numbers C 4,00 0,000 acres of al falfa. Before the next decade has gone into history we would be growing 100,000,000 acres of alfalfa in the Unit ed States. If we do this we will be infinitely better off than we are today car. fields will be vastly more fertile and our crop yields will be bigger and better our herds will be larger and the quality of butter fat will be great l increased we will have happier h hatter Hr C -OS 5- COM 1 U 1 UJ TO I' II La rarest aod Best AnnrapffldDiBniLii IFcelbo nntlDa to saüannoaIls,y9 IFeho fl4lü-Dü inclusive. Three floors devoted exclusively to the display of Amercia's Leading Passengers Cars, Trucks and Accessories. t Ma mot h, Edoeatiooal9 Artistic Nothing Like It Ever Before in Bvansville. TWO ORCHESTRAS. BEAUTIFUL DECORATIONS. Doojs open at 10 a. m., close 10 p. m. each day. SPECIAL -See (lie Complete Assembled Nickle Finished Curtis Aeroplane. THE PLACE Indiana's largest and finest Garage Building, Wabash Valley Motor Company. w CO-OPERATION TO CURB THE RIOT OF UISE SPENDING Savings Societies, Schools, Wom en's Clubs, Unions, Lodges and Churches Aid Savings Movement. By Albert Kos well. Director Co-Operatlnr Organizations, Government Saving Or ganization, ?th District. Establishment of harmonious or re rlprocal relations between the citizen and the government by giving the peo ple an opportunity to acquire a stake In the government Is one of the alms of the savings organization. Co-operation is the keynote of the 1920 thrift movement the Treasury depart ment and the people working together for the common good. Purchase of Treasury Savings se curities benefits the naUon and the In dividual alike. It starts the saver oo the road to Independence and provides needed funds for the U. S. Treasury. The business of the savings or ganization is to promote savings and the purchase, from the Treasury or in the market, of U. S. Government se curities of all kinds and the continued holding thereof. In this, co-operating organizations play a large part in furthering the teaching of saving, not merely as an end in itself, but as a means of safe investment, which means government securities. Co-operating organizations contrib uting toward the success of the thrift movement, and their varied activities, may be set down as follows: 1. GOVERNMENT SAVINGS SO CIETIES These are formed in In dustries, mercantile and other estab lishments and are defined as "a group of men r women employing team work . for .systematic saving." . Their alms ore: To create community sentiment for saving. To effect a change Jn the present ex travagant standard of living. To decrease the tendency toward convention in spending. To provide a constant reminder, an incentive and the required suggestions for saving, and the purchase of gov ernment securities. 2. SCHOOLSThey are tho means of achieving the object of inculcating the saving habit and of building up for the future a nation of thrifty citizen with a leaning to government securi ties for Investment. The government asks the schools te: Introduce thrift material Into text books through enactments by state boards of Instruction and legislature. Distribute Treasury Department lit erature among pupils for family read ing as well as their own use. Make adequate arrangements for the regular sale of Thrift and War Savings Stamps. 3. WOMEN'S ORGANIZATIONS Next to the schools, organized groups of women probably are the most im portant faotors In advancing thrift education. They are expected to: Establish classes In thrift and household economy through tho use of the budget system. Make appeals to women who, through inheritance or participation in industry, have money to invest and who may be convinced of the wisdom if investing In government securities. Aid in carrying out tke selling work In the schools in order to lighten the burden of the already overworked t earher. 4 LABOR. FRATERNAL ORGANI ZATIONS, ETC. Labor organizations, fraternal societies, commercial asso ciations, agricultural bodies, churches and foreign language speaking groups offer means of general assistance, as follown: Furnishing information on govern ment war MM-uritics. Making suggestions at regular meet ings and at conventions on wLw spend ing as the essence of true thrift. Promoting the vigorous sale of gov ernment securities. Encouraging the Investment of idle organization funds in some form of government security. The advantages presented by Trca usy Savings Certificates, Issued In de nominations of $100 and $1,000, as in vestments for lodge funds. Is being widely recognized by fraternal or ganizations. Labor unions and churches also are adopting this meth od. Investment In government securities is being urged by experts In - rural economics for farmers, who do not nei'd to put the money back Into their farming, as the best disposition for the fanners surplus. They point out that Investment of this surplus in land that must be leased or formed by tenants usually will not pay ad much net Income as government bonds; also that bonds are useful as collateral for notes In banks to obUln temporary capital. The holding of government securities now owned and the buying of more is urged, therefore, as good policy for fanners.