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Newspaper Page Text
mu fyfi lCifl'f •gyirS^g»g*-y«. Concerted action by all of the people in saving goods can be accomplished in only one practical way —that is by saving money, which represents power to purchase goods. The Treasury Depart ment offers to the people War Saving Stamps and Treasury Savings Certificates as an inducement to saving. By denying themselves i» 1 unnecessary luxuries and pleasures and by putting the money that nj'ght have been spent for these things into Government securities, each individual fortifies his own position in life and at the same time does himself and his neighbors throughout the country a great service. Money saved, both by means of savings accounts in banks, and in Government securities, is at once made available for the means of greater production. Deposits in the banks form the capital which is loaned to business and industrial enterprises that they may build and extend factories, which are the sources of production. Money placed in Government securities makes it unnecessary for the Government to call upon the banks to lend funds for the run ning of the great Governmental machinery. A few months of rigid economy and self-denial will give the world a chance to recover its economic balance. And in the course of time, production will be increased, over demand, to an extent where American food and manufactures can be shipped abroad and spared for the peoples of other countries. In the present state of conditions, the people of other countries are competing with us in the buying of commodities that we need at home. It is plain that there is only one method of getting our feet on the ground and that is by the method suggested, by practicing economy, increasing production and by saving money, the workers of America can force down the cost of living and bring back the world to a normal basis of economic conditions. 18.