Evening Republican, Volume 23, Number 81, Rensselaer, Jasper County, 2 April 1920 — JAMES B. FORGAN WEARS PATCHED SHOE [ARTICLE]

JAMES B. FORGAN WEARS PATCHED SHOE

James B. Forgan, chairman of the board of directors of the First National Bank, Chicago, is wearing a large patch in the toe of his shoe. He explains: , . . *‘l propose to patch and paten until the high cost of living comes down. , “I have not bought a paar otf shoes since before the war, and I have bought only on new suit of clothes. “I have refrained from buying; at the present mountain high prices. 1 did this on principle and propose to continue to do it to help the general protest against high prices. “High prices will prevail as long as we encourage them by buying. People are spending -money like drunken sailors. The extravagance is largely a state of mind. “We go on increasing wages and then increasing prices of necessities; then another jump in wages and another jump in living costa. “Where is it going to stop? The condition must end in a disastrous eruption. . “Until 1 find out, 1 propose to use patches.” .