Evening Republican, Volume 22, Number 64, Rensselaer, Jasper County, 17 March 1919 — Page 3

ALLOWANCE TO CHILD IS ROAD TO ECONOMY

Home Economics Expert Says Way Is to Teach Youth Early Proper Apportioning , of an Income. “The best and most natural way of beginning true national economy, wise spending and wise saving,” says Ruth Wardell, head of the home economics department of the University of lowa, and who last summer started a home economics department in a Cleveland (Ohio) bank, “Is by giving the children an allowance. The lesson of properly apportioning an Income thus is early learned.” Miss Wardell favors the allowance arrangement at a very early age, say at six or seven. It may then be very small, and out of It the budding citizen may be expected to provide only school pencils, tablets, etc. The purchase of school books provides a logleal next step; a little later some personal belongings, such as shoes, may be added. “I say shoes,” explains Miss Wardell, “because children seem to take more Interest in shoes than In most articles of wearing apparel, and be-

Flxing the Allowance.

cause shoes represent a highly Important item to which children frequently pay little heed.” The allowance should provide a little margin to encourage careful buying and saving possibilities. It should not necessitate so much care or thought as to burden the growing youngster: It should never, under normal circumstances, be "helped out” by Irregular gifts or expected to cover other than the recognized Items. The allowance, with Its purchasing responsibilities, should be Increased gradually, steadily. By the time high school Is reached the boy or girl should be buying practically all his or her own clothes. Miss Wardell tells an Interesting story of a boy who called upon her in Oleveland, telling her of his manner of apportioning the rather generous allowance made by his father. He knew to a penny what every article he wore had cost him; he was intelligent regarding relative textile and wearing values; he saved steadily, systematically, with joy. A Chichgo mother started her little daughter out, similarly, at eight years old and at sixteen the girl was a better buyer than she was. These chll-

Buying His Own Goods.

dren were well started on the road to line aad -nulf respecting and-tndepend-ent citizenship. Both will enter college with a nice little financial nest egg to await the beginning of their business or professional life. The child’s allowance, It may be added, should be for neceslties mainly, with but a fair and modest margin for personal luxuries and pleasures. It should always be recognized as allowing for a regular proportion of savings, preferably Invested In governmental securities. It should be carefully adjusted, rigidly adhered to on both sides of the bargain. Such respect and observance not only will teach the child good economic habits, but will abolish many too frequent annoyances for the financial head of the family., v “ Each child given an allowance will understand that this sum, with his support and other parental provisions, represents his fair share of the family income, and that, as a decent citlcen, he must not ask nor expect to exceed it. An adequate allowance system, moreover, will obviate the evil habit of crying or pleading for special indulgences and more funds. •‘-THINK BEFORE YOU SPEND— Diamonds? Why Not W. S. 5.7 Diamonds to the value of $2,000,000,000 —more than half the available world supply and value —are owned in the United States of America. Pretty things, diamonds, fascinating to watch, pleasing to wear, of high commercial value. Diamond prices rise every now and again, truly, but the rate of increase cannot be precisely calculated, and the risk of owning diamonds is large—unless they're tucked away in the safety deposit vaults where no one ever sees them; Now $2,000,000,000 invested In government securities, War Savings Stamps, for example, would mean much better times for the country. Why not, for the sweet girl graduate, the bride, wife to be honored, War Savings Stamps Instead of a diamond? Bright thought! r The War Savings Stamps notf and the diamond five years later —out of the War Savings Stamps profits when they mature.

RUN THE HOUSEHOLD ON BUDGET SYSTEM

Keep Careful Accounts and Divide * Family income Wisely— Suggestions for Various Salaries. A budget is absolutely necessary to the wise and well-proportioned running of a household. No budget can be made to lit all families, even families of similar size, locality, etc., but tire wellproportioned budget provides a fair financial basis, a starting point from which to begin the work of wisely dividing the family Income. The main thing is to get the budget started, to keep careful accounts — In a way that will permit analyzatlon of expendl turee —for at least several months; a year, if possible. Many people keep accounts, personal and household, only In a way that balances cash and shows how it has been generally expended. A budget should do better than that An exact bndget Is difficult to provide at present, with all living prices in a state of flux but with a prevailing upward tendency. Figures differ greatly In various sections of the country, frequently in various sections of the same state. But in strictly industrial centers, it has been authentically computed, food usually consumes about 43 per cent of the ordinary income, shelter 18 per cent, fuel and light 6 per cent, and the various “sundries” so grouped because so difficult of more ■ exact classification, 20 per cent. In she following suggestive budgets for varying Incomes the “saving” Item has been placed first as most necessary where the family Income is not too large and Is practically Inelastic. This Item may Include life insurance, savings bank accounts and such Inevitable Income-bearing governmental securities absolutely necessary with the kind of Incomes noted—as Liberty Bonds a.'id War Savings Stamps.

Expenditure Budgets. Annual Income SI,BOO. Yearly Monthly Saving $ 102.00 8.50 Shelter 360.00 30.00 Fuel and light.*.... 190.00 15.00 Food and service.... 720.00 - 00.00 Clothing .........i-. 240.00 20.00 Carfare 60.00 5.00 Recreation, church, charities, etc 90.00 7.50 Emergency or household maintenance fund ...» 48.00 4.00 Total ....$1,800.00 $150.00 Annual Income $2,000. Yearly Monthly Saving $ 120.00 $ 10,00 Shelter 890.00 32.50 Fuel and light 210.00 17.50 Food and service... 780.00 65.00 Clothing 270.00 22.50 Carfare 60.00 5.00 Recreation, church, charities, etc 108.00 9.00 Emergency or household maintenance fund W.OO 5.06 Total ~.52,000.00 $166.66 Annual Income $2,500. Yearly Monthly gating 198.00 $ 16.50 Shelter 540.00 45.00 Fuel and light 240.00 20.00 Food and service,... 900.00 75.00 Clothing ........... 300.00 25.00 Carfare 60.00 5.00 Recreation, church, charities, etc 150.00 12.50 Emergency or household maintenance fund 111.66 9.33 jr Total $2,500 $208.83 Annual Income $3,000. Yearly Monthly Saying $ 240.00 $ 20.00 Shelter 720.00 60.00' Fuel and light 270.00 22.50 Food and service..,, 900.00 80.00 Clothing 360.00 80.00 Carfare 90.00 7.50 Recreation, church, charities, etc, 180.00 15.00 Emergency or household maintenance fund .i.. 180.00 15.00 Total , $3,000.00 $250.00 For the Initial preparation of a budget household co-operation must be obtained. The exact disposal of certain huger Items, such as rent, fufel, food, must be decided, plans only changed thereafter when proven Impracticable as at first arranged. A full account of personal and household expenditures should be kept for future reference and possible budget readjustments. Fairly, Jnstly tried, the bndget system will lift many a family from a financial Sloogh of Despond to sunshiny financial heights. SPEND WISELY INVEST SAFELY

Lot* of Monty In America. „

There Is more money in America than ever before In its history. War Savings Stamps are being offered. By potting our money into,these government securities the imtion will be helped, the funds will be safely and profitably Invested and the thrift habit will be given a further Impetus.

THU EVENING REPUBLICAN, RENSSELAER, THWAIA,

Oh, Joy! Get the “Happy Savings Habit!”

WHICH ROAD DO YOU TRAVEL?

Here Are the Signposts: End of One Will Find You “Broke,” Other Happy and With Funds. There are two roads In life. One leads to a quagmire of nothingness. The other leads to success. Both are lined with signposts to show the wary traveler in which '-direction he is moving. But many people go along, their eyes on the skies, on the ground, or unseeing In dreamland,, never noticing that they are advancing on the wrong highway. Do you know which road yon are traveling? Here are the signposts. The end of one will find yon empty-handed. The end of the other will find you with funds for a sunny opportunity—with War Savings Stamps and Liberty Bonds working for you at over 4 per cent Interest.

Spendthrift Road. “This Is on me.” “One more of the same.” “Lend me five.” “Charge this.” “Here, boy.” “Where do we go from here?" “Let’s have another round.” “You can go home any time.” “Your money’s no good.” “I can’t be bothered with small change.” “The sky’s the limit” “I’m paying for this.” “Don’t be a piker.” “It's all In a lifetime." “More where this came from.”

FOR A RAINY DAY.

Sing a song of sixpence I A pocketful of “tin,” Four and twenty Thrift Stamp# All tucked in. When the card is finished v The stamps begin to gain, Isn’t that a pretty plan Against a day of rain?

Bar “Stamp Shark" Advertisements.

Newspapers throughout the country gradually are banishing from their columns all advertisements Inserted by uasernpulous persons who conduct a business of purchasing War Savings Stamps and Liberty, _Bohds at a discount

Thrift Road. “What’s the price of this?” “One will do.” “The walk will do me good.** _L*. “No, thank you.” “I don’t afford that” “Oive me your beet price.” “Til carry this.” "I promised my wife.” “I need the money.” “Let me pay my share.” “I can get along without this.” Til get It as I need 1L” “Is It worth seeing?" - “A penny is as good in my pocket” . “This Is what I got for my money.”

The Children’s Banker

“This card represents ay first real money,” recently said a farmer’s wife, with an odd look of mingled pride, deprecation and something very like triumph. ' ... “At home, as a girl, I had no money. Mother bought things for ns children with whatever money father gave her. Since I’ve been married it’s been much the same. I’ve got things at the town stores and Jim’s paid for them. Even my egg and butter money has gone, as a rule, to help with the household upkeep—turned in on the grocery Mil, usually. I’ve never seemed able to hold on to a penny. • “But when the War Savings Stamps came along I said to myself; ‘Here’s your chance, Mary I’ And now I buy War Savings Stamps regularly, take ’em in change as regularly as I sell chickens or cash the creamery check at the hank. I’ve filled several cards already, and I can tell you I gloat over ’em 1 When those War Savings Stamps mature Fll have real money of my own.” CAPITALIZE YOURSELF

Do not sell your War Savings Stamps. The government borrowed the money for a specific purpoiph If the securities are not retained your purchase will have been of no permanent benefit to the government Hie men who buy and save, who follow the principles of thrift are the people who will shape the destiny of the nation. ' • SAVING 18 THE QUICKEST ——ROAD TO , OPPORTUNITY

HER FIRST REAL MONEY

Hold On to Your Stamps.

SAVING TO STABILIZE BUSINESS OF COUNTRY

Systematic Buying and Elimination of Waste Lead to Prompt > Payment of Bills and - Happiness. American thrift will go far to tore the life of the world, to bring liberty and to make the pursuit of happiness possible to oppressed humanity. Periodically In the United States there have come times of financial depression ; production has exceeded consumption ; factory doors have dosed; workers have found themselves without money and the retailers who serve them have faced the gloomy alternative of refusing credit and going out of business because of lack of trade, or extending credit and going to smash because of lack of funds. The store closes its doors and immediately other stores, even those competing, feel the unwholesome influence. Panic spreads just as surely as when there is a run on a bank and failure stares many merchants In the face. Now the more thrifty the people of a community are the more promptly they pay their bills, and the more promptly bills are paid the more remote becomes the possibility of failure. If every worker Is a systematic saver, with savings made possible by careful, Intelligent buying and the elimination of waste, the hard time will be safely bridged and will be tremendously shortened. It is, therefore, good business for the retailer to Join In a campaign against Impulsive buying and waste. The mechanic who, in flush times, buys an unnecessarily elaborate article, and who. In hard times, repudiates his bills, Is not as good a customer as the one who used restraint in his day of prosperity and had a margin for the rainy day. The former undermines business —the latter stabilizes it.

The judicious buyer who exercises Mint In big pnreh wee «l«o carefully and conscientiously meets his obligations. The man who throws money away treats his bills as “a scrap of paper.” Waste is an enemy of good business. In certain districts of New York investigators found that 11 per cent of the contents of the garbage cans was perfectly good foodstuff. The amount of usable material abandoned In this country every year amounts to millions. The farmer leaves the plow to rust away outride the barn all winter; the housewife overheats the house; the factory worker throws good material on the scrap heap, and all those things make It possible that In the United States today there are 1,250,000 people, whose working days are over, dependent upon charity, Individual and county, to the extent of $220,000,000 a year, dependent because In their earning days they cultivated habits of waste- rather than those of thrift

Education In thrift must be an education Id values. That education must extend past the wort era of today to the workers of tomorrow. Hereafter more of a youth's precious school hours should be devoted to a consideration of the principles of how to live, how to take a helpful and progressive part ia the problems of a workaday world. The biggest lack in this notion is a department which will teach the value of a dollar. —The young man who In school re celved the proper training in thrift will take account of the use of savings. Savings- Is worse than uselesslf the hard-earned aocamulatlons are Invested in some of the innumerable gold-brlek, schemes which take millions of dollars out of our communities each year.

The treasury department Is confident that no safer and more attractive plan has been offered for the encouragement of small systematic investment than that of War Savings Stamps. If the Investor can lay aside but 35 cento a week he has here the means of putting that amount away In a safe security. If he can set aside four dollars and a few odd cento each week that amount begins working for him at a good rate of interest, which, with the principal, he will receive at the end of five years. Let the necessity of redemption arise through illness or hard times—he can hare the ready ea«h ten days after ho applies for it. In a certain great Industrial plant where 90 per cent of the employees were regular buyers of thrift stamps the Influenza epidemic was met with the minimum of suffering. The men had the funds available for doctor and medicine and proper food. They met their bUls promptly and did not embarrass the merchants of the community. It would be hard today to get any of these men to abandon the thrift habit which the government has taught them. SAVE IN WAR ON WASTE

Cardinal Gibbon* for Saving*.

An appeal for continued support of the government’s war savings campaign has beeo issued, by Cardinal Gib bona. “We should welcome the opportunity afforded by our government," said the cardinal, “to continue the saving To buy war savings is the dear duty of every j American citizen, young and oldUl urge all ottr clergy to promote this campaign by every means In their power. I urge our good people to give their heartiest support, and from the splendid evidences of their patriotism show* In the last two years I dm confident that at will meet with groat mucmm." . ...

THRIFT SCHOOL PLAN OUTLINED IT EXPERT

Dr. Shatter Mathews Explain* Scope and Purpose of Great U. $. Educational Ho¥%— ment f orSaving. By OR. SH AILER MATHEWS. [Chairman of W. 8. 8. Educational Committee for Seventh District and Vice Director for Illinois.] Thrift win be taught In the schools of the states constituting the Seventh federal reserve district The children of lowa will help prepare the Little Lessons In Thrift which are being written by Prof. Macy Campbell of the lowa State Teachers' college, under the general direction of stt educational committee of the district Besides the chairman the educational committee consists of W. E. Larson, department of public Instruction, Wisconsin ; J. Y. McNally, Detroit public schools, Michigan, and Macy Campbell, lowa State Teachers’ college. The Little Lessons in Thrift appear fortnightly on printed sheets. The lessons are prepared for the different grades in the schools. They are illustrated and Interesting. They teach savings as a phase of good citizenship, give problems of arithmetic In terms of thrift stamps, chewing gum, candy and other things a child buys. It is a new field which Is thus being opened up and the war savings organization is rendering a great service to the rising generation. Nor Is it all mere theory. The teaching of the principles of thrift is combined with a sort of manual training In thrift, through the sale of War Savings Stamps In schools. Along with these Little Lessons In Thrift the educational committee fttrnlshes the schools with pupils' thrift cards, on which the teacher keepe an account of the amount, however small, which the pupil brings to her for the purpose of buying stamps. This practice itself becomes educational, because the pupil gets Introduced to simple bookkeeping and banking. These plans have received the heartiest. co-operation of the school administration in the various states and cities. The parochial and private schools also are co-operating in the use of the material and plans prepared by the committee. The young men and women «f the next generation will have a higher respect for thrift and a better understanding as to how to spend their money, for they win learn even bn the primary grades that thrift is not miserliness but a way of Spending money *> as to make it for them.

BILLIONS FROM THE NICKELS

Ever Stop to Think of Vast Sum* That Can Be Saved From Small Amounts! If every person In the United Staton saved a nickel in one day It would mean that at night the people would be Just five million dollars tidier. And then suppose the people kept this up for one month? It would mean that at the end of thirty day* they would have saved one hundred mid fifty million dollars. Why not keep it up for the rest e t 1919? What would be ioiultt One billion five hundred million doUam Sounds like a lot of work for one little nickel to‘ do, doesn’t it, yet there are scores of industries In the United States which are paying big dividends on the little nickels gathered day by day. This immense sum if Invested he War Saving* Stamps would earn for the savers approximately sixty-four million dollars in 1920—-the work of “old man Interest,’’ who never takes a day off and who Is continuously on the Job.

Keep the Money Saved.

jil Thrift means saving money/ and keeping it saved. Patriotism does not mean enthusiasm today and indifference tomorrow. Buy War Saving* Stamps and hold them. No man’s duty is fully done when he purchase* the securities. He must hold them.

GARDEN GIVES A LIFT.

A garden gives the game a lift, . And helps us practice way* at thrift Ttnt give us seed* from which w* grow /*“ *7 ' ' ~ War Savings Stamp* that earn m “dough." " 3* with a garden toil to save , j That you may never bo • slave. But keep on adding to ye«r wealthy. ■' Tour peace of mlad and ruddy health.