Indianapolis Times, Volume 33, Number 307, Indianapolis, Marion County, 4 May 1921 — Page 7

UNITED STATES IS THRIFTLESS, BANKS ASSERT Our Nation Squanders Funds Without Keeping Itemized Account. SOME FACTS ON THRIFT By FREDERIC J. HASHIX. NEW TORK ClTr—That the United States is one of the most thriftless nations on earth, and that the average American Is Incompetent and reckless In the spending of hls cash are two disagreeable facta recently emphasized by New York banking concerens after an extensive study of thrift as it docs not appear in this country. If, as the bankers point out, thrift does not consist of hoarding resources, but In their wise use. these facts really reflect upon our native intelligence. Instead of being the most sagacious people In the world, ‘as we have thought, it seems that almost any little European nation, like Belgium or Switzerland, can give us cards and spades in matters of economy. Without a budget system our Government squanders money wherever and whenever the whims of Congress direct it, without even bothering always to keep strictly Itemized accounts, and we, the taxpayers, good-naturedly foot the bills. It finances the building of remote bridges and village postoffices with amazing prodigality, and scrimps on appropriations for education and public health. It pays out Immense iiims In war pensions, but makes no provision for its superannuated civil employes. According to the bankers, no European nation would support such a slipshod financial system. And our national waste Is faithfully Imitated by the individual. The majority of American hemes have no budget systems. Hotfsehold expenses are regulated by the whims of the family, and the bills are considered afterward—usually long afterward. Very little preparation Is made for the hazards of the future. The uneducated immigrant who dwells so numerously in our midst generally exhibits much greater skill In spending and saving his earnings than does the American-born citizen. Thousands of the former class return to Europe every year, with small fortunes to ease their declining years, while thousands of the latter enter homes for the indigent. The following statistics, quoted from a publication of the American Bankers’ Association, show how pitifully few Americans ever achieve a well-provided for old age. TOUR CHANCE OF SUCCESS. “At the age of 25 we And In this country 100 men are all strong and vigorous They have started life physically fit and on a plane of equality. "Ten years later, ten are wealthy, tec are in fair circumstance*, forty havo moderate means, while thirty-five have saved nothing. "At the age of 45 the number of wealthy persons has fallen to three, sixty-five are merely supporting themselves, while sixteen have passed into the discard. They are no longer selfsupporting. “At the age of 55 twenty men have died, only one is very wealthy, only six are self-supporting, while fifty-four ara dependent upon their children, upon relatives, or upon charity for support. “At the age of 75 note what has happened: Sixty-three are dead; of these sixty left no property at all. three are well-to-do, thirty-four are dependent upon their relatives, children or charity for support: 95 per cent of these will not have sufficient means to pay their funeral bills.’’ One of the reasons why Americans are less thrifty than Europeans is that they have been nourished on an old-fashioned and no longer practical theory—the theory that this country possesses boundless resources, that there is plenty for everybody, that to every one eomes the opportunity to be wealthy. This may have ’ been true in the old days when the population was thinly scattered over only a small portion of the land, and a virgin wilderness remained for those who would claim it. Then, perhaps, it tuas only natural that the term thrift should be tgnominiously associated with parsimony, stinginess and miserliness. But today conditions are obviously different. We have a tremendous population in proportion to Which our resources do not seem so infinitely boundless. Furthermore, these resources, as the bankers have shown, are now controlled by a few—the 3 per cent who are well-to-do —and, opportunities for the rest have become liprited. Thrift may now be said to be an unrecognized necessity. The bankers, however, are now doing what they can to see that it is recognized. They are endeavoring to have thrift courses Introduced into the public schools; they are attempting by circulars and by personal advice to Introduce the budget system into the American home, and they are putting out some worthy propaganda concerning the advisability of caution in spending money and making investments. The bankers do not claim to be motivated by a philanthropic feeling in this. Their business is to handle money; therefore It 1* to their interest to promote Individual savings accounts.

SOUND ARGUMENT IN FAVOR OF THRIFT. Nevertheless, their arguments In favor of thrift are sound and remarkably nnblased. They point out. as has been said before, that thrift does not mean saving money so much as It means spending It wisely. They do not applaud saving at the expense of health or education or other necessities for the development of the individual, “The weekly wage, properly spent is thrift," they say. “even though not a penny may have been put into a savings account or ■*into the purchase of a home. “The thrifty perron will spend his Income *o meet certain definite needs in the following order* “First he will provide for himself and his family the necessities of life and such comforts and luxuries as will sustain himself and his family in the best physical condition, and will take advantage of opportunities which will Increase his competence. "Second, he will look after the health and moral welfare of himself and his family and expend such sums as will safeguard them against physical and moral decay. “Third, he will provlds against tne calamities of life, namely, unemployment, accidents, sickness, old age and dependency of hts family In the case of hia death. “Absolutely nothing shonld be spared from the first necessity. To sustain the working power of the individual and the physical welfare of the family Is paramount to every other consideration. “Thrift substitutes a plan, based upon foresight and a comprehensive study of , one’s needs, for an Impulsive, 111-consld-'fred spending." A large number of standard budgets have been worked out by economists for the benefit of those who wish to regulate their expenses by such a system. Mutually, what is considered the ideal budget, prepared by the late Ellen H. Richards, is used as a basis. This delegates one-fourth of the Income for food; ene-flfth for rent; one-seventh for household operating expenses; one-seventh for I amusement. It la Impossible to find one budget that will fit the nseda of everybody, however; the beet way Is te lea-

Booster for Stowaways

Jg. ~ iR jj3gtW

When Secretary of Labor James J. Davis took two stowaway boys by the hand on Ellis Island, the' immigration station of the port of New York, und said: ’’Good-by, boys, we may meet again,” they did not know what it meant. The boys, with the head of the Department of Labor, are Kemal Menasset (left), a Turk, and Kyrlaks ilatlras, a Greek. Both arrived in New York as stowaways aboard passenger Teasels. In

proTise one for one’s own needs, based upon expenditures in the past. Then there is the question of income Itself. Does It provide for all of the family's needs and, if not, how can it be Increased. “Thrift,” say tha bankers, “asks certain pertinent questions, such as ’am I earning all the money I reasonably can? How can I Increase my skill or output so as to receive more? Is there a possibility of additional money Income not yet realized by members ot our family? Ought we to be receiving an income on'Y’ivestments ? Would it bo economy to Invest capital in education or special training?’’’ Thus you will see that thrift is no longer to be regarded ns a miserly instinct, but that it has become a seien.e, requiring study and experience. For those who are Interested tlie public libraries contain many valuable books which, unfortunately, have not yet been added to the public school curricula. SAYS NATIONS SHOULD WORK HAND IN HAND British Admiral Declares Heads, Not Hands, Across Water is Need WANTS CARDS ON TABLE LONDON, May 4—The future naval policies of England and the United States should be made known to each other, and Instead of “hands across the water” there should be “heads across the water.’’ Thus Lord Lee of Tareham, first lord of the British, admiralty, stated in a straightforward address at the annual dinner of the Institution of Naval Architects. Referring to the international aspects of naval policy, he held that England should lay her cards on the table and discuss frankly with America what the future would be. Lord Lee said that the board of admiralty was today faced with some of the most perplexing problems that had ever confronted naval administration in this country. Discussing the broader aspects of naTal policy, the first lord of admiralty said’ “I think all of us must ba asking ourselves frequently the question—whither are we going ifter the triumphant conclusion of that, war which was to make the \vorld safe for civilization? It Is hard to believe that those who we.re fighting side by side to save that civilization are now going to build navies against each other, if for no other reason because It would be so ridiculous and so silly. I am encouraged in this matter by the moderate view which is being taken by the governments of other great naval powers, but It is better that we should speak plainly of the greatest naval power In the world apart from ourselves. AMERICA’S POLICY IS DISCUSSED. ”IY* see the United States of America Senate is laying down the principle that America shall maintain a navy at lenst equal to that of any other power. That is a claim to equality which this country has never expected In the past —and never would expert save in connection with a great English speaking nation that sprang from its loins and must ever hold a great place in our regard and confidence. We have twice affirmed in the most formal way possible our expedients for the future of a one-power standard. If you look across tho Atlantic you see that Mr, Denby, secretary of the American navy, has said that American interests naturally call for a navy equal to that of any other power. “The difference between our formula and that of America Is too slight to be made subject of a controversy, still less of friction or hostility. I Join Issue with those who say we should not discuss this question, because war with any of our late allies and with America is unthinkable. Wars do not become Impossible because people never think about them, end this Is a subject about which we ought to be thinking—thinking day and night—with the fixed intention of making it impossible. Because If ever a war- is going to take place between us and any of our late allies it will be the fault of blind or criminal leading for which our statesmen, whether in London, MOTION PICTURES.

Second and Last Week Production. “FORBIDDEN FRUIT" M With Agnes Ayres, Theodore Roberts, B II II I “V B\Y Kathlyn Williams, Forrest Stanley, Julia I Jt Od Faye, Clarence Burton and Theodore f // V \v|r hu ‘ iog c Jheatre y?

CONSTANCE TALMADGE

-IN“LESSONS IN LOVE”. Also a Johnny Hines “Torchy" Comedy

truth, the Cabinet mamber had already made Inquiry Into the official records of these two stowaway boys, whose bright, intelligent faces and polite manners had caught hls eye among a hundred other stowaways. Secretary Davis hopes to find a way to have them admitted and said he would be glad to take them out to Mooseheart, 111., where they have nearly a thousand children of members of the Loyal Order of Moose.

Washington. Tokio or the capital of any other naval power, would be condemned und execrated In history If they fall to avert such a tragedy. “Mr. Denby had said that the greatest calamity that could overake humanity would be war between this country and America, and that between us we could control the sea. ‘I have no doubt,’ he said, ’that between us we could, but the question before us today Is whether we are heading in the right direction with regard to our navies without consulting with each other.’ In that respect I think the government of this country has a clear record. We have in our estimates of this year set an example of reduction. We have admittedly taken risks as regards the relative position of our navies and of others, and we are prepared to go as far as possible In that direction by mutual agreement. But merely to talk of hands across the sea' Is net sufficient; we must have our heads across the seas as well. It Is not enough to talk about blood being thicker than water. What wa want is that plain sense which 1* characteristic of both our countries and personally from a long knowledge of America 1 have a profound belief in business talk leading up to a square deal.” HARDING’S POLICY IS COMMENDED. “I hold strongly that In this matter we are not engaged in a game of poker or of bluff, hut In a sort of game where we ought te lay our cards on the table and discuss frankly with our friends what the future should be. The only point that remains to be settled It who Is to make the first move to Initiate tho discussion. Still we are not disposed to stand upon ceremony in this or any other matter. We welcome the hint which has been, thrown out by President Harding, and it will continue to be met with the most cordial and helpful response here. I can say this that If tUe Invitation comes from Washington per sonally I am prepared' to put aside all otner business, pressing though It may oe, in order to take part in busiuess than which there can be nothing more pressing In the affairs of this world.”

ONE DOSE often commences to Enrich Your Blood revitalize your worn Out, exhausted nerves and give you new strength and energy Nuxuted Iron contains organic iron like the iron in your blood and like the Iron in spinach, lentils and apples, while metallic iron which people usually take Is iron Just as it comes from the actlou of strong acids on small pieces of iron. Nuxsted Iron will not Injure your teeth nor upset your stomach. Over 4,000,000 people annually are using It. Try a pack age today on our absolute guarantee to refund your money If you do not obtain satisfactory results. For sale by all druggists. I for Red Blood. St rv ngt end Endurance j

MOTION PICTURES.

PARK THEATRE ALL THIS WEEK Big Doable Program, Featuring “WHEN DAWN CAME” Also—3-Reel Comedy and News. NEW MUSIC DAILY. Same Prices—loc, 180, 250 Always. Eleven to Eleven.

ICIC SECOND BIG IdlO WEEK Priscilla Dean —lN—“Outside the Law” The Thrill Sensation of the Age. TADE DOLAN’S ENTERTAINERS,

t h r a r r< e on n'M f s. 7 i iw < • v

INDIANA DAILY TIMES, WEDNESDAY, MAY 4,1921

MACKEREL TAILS FOR MILADY*S HAT Use Is Found for All of *Scomber Japonicus! LONG BEACH, Cal., May 4 Scomber Japonicus. V The latest thing in trimming for women’s hats. Name sounds intricate, doesn’t It? But It Isn’t, for Just between us Scomber Japonicus is a fish. In other words it’s the mackerel. And the paxt recommended for decorative purposes Is the tail. The usefulness of the Scomber Japonicus as an asset to feminine attire was discovered by Lester F. Ltngle, director of tha preservation laboratories of the

INDIANAPOLIS MW K 2:15 THURSDAY lwl#% I O 8:15 Washington and Belmont Avenue Grounds. THE<SEtONDLARGEST SHOVTOIf mW AWD THE GREATEST Ci ' CISWK RIDER ENftMBgVl "POODLES" Msal HANNEFORD ffisTy WITH THE FAMOUS HANNEFCfI*P yjvrail/y I XSS :T J E 2 Q ” f* iiippoyseppxß 2 Mile Street Parade 11 A. MJ Seat Sale Show Day at Huder’s Drug Store, corner Pennsyl-| v&nia and Washington, at same prices charged on the grounds.!

LOEW’S

Continuous 1 to 11 P. M. Afternoon, 150 and 23c. Evening. 800 and 40c. “WITHOUT LIMIT” Adapted From Calvin Johnston’s Story In Saturday Evening Post. “TEMPLE DUSK” LITTLE LORD ROBERTS & CO. WARD & RAYMOND AND OTHER ACTS.

ROSS CRANE of Chicago Art Institute BETTER HOMES Demonstraticns and Lectures AllMpU*** Indianapolis Reid Estate Hoard Tomlinson Hall TODAY’S PROGRAM 8:00 I*. M.—Third Dramatization of Home Furnishing: Rons Crane 8:00 I*. M.—“ How to Hutld the Servant leas House" Hons Crane 0:00 P. M.—Flrwt Demonstration In tho Art of Dross. .. Mian Evelyn Hannon MAY 3,4, 5 and 6 3 P. M.-8 P. M. Season Tickets | -j aa For 8 Programs j X e\Xv/ Single Admission 25c ADVANCE SALK SEASON TICKETS At L. S. Ayres * Cos., Sander & Keeker, Goldstein Bros., Taylor Carpet Cos., and nil street level real estate office*.

> "■- -. _ . - L. U. . /> (.ONTI iiIKH VAU DLVU (£

“GIRLS WILL BEGIRLS’ A Merry Satire on Feminine l'ads and Foibles. MAGGIE LECLAIRE & CO. FRED'S CIRCUS 6 OTHER BRIGHT £* NEW FEATURES Dancing In the lyric Ball Boom, Afternoon and Evening.

MURAT TODAY ~f o I Mat a. Tomorrow and Sat. The Stuart Walker Cos. THE WOLF I By Eugene Walter. Next Week—Mamma’s Affaire | By Raohel Barton Butler.

United States Bureau of Fisheries, operated by the California State Fish and Game Commission. For many years mackerel weighing about two pounds each have been caught ir. local waters, but their tails have hot been considered of value and were thrown sway. Ltngle has proved by experiments that the tails of these fUh can be dried, deodorized and transformed Into objects of variegated and brilliant beauty by the aid of aniline dye. Miss Mary McConnell of Long Beach, secretary to Lingle, has tried out mackerel tall trimmings on a sailor hat. Sewed side by side to the crown they presented a highly serrated border completely surrounding the hat and observed in the sunlight glinted like Jewels. Miss McConnell said enough of the fish tail trimmings con be dyed for 10 cents to trim any hat.

AMUSEMENTS.

STATE THEATRE

fl T K F ITT? SI

ALL-STAR SHOW “UNDER THE APPLE TREE” With Lorlng Smith nod Ills "Eve” Chorus. CAHILL and ROMINE FRED and MARJORIE DALE McWATTERS and TYSON LA FRANCE BROTHERS AL JEROME SECOND FEATCItn SYBIL VANE A GRAND OPERA STAR. BARGAIN MATS.—ISc, 200, SOe, 850. I’ATIIE NEWS—DIGEST TOPICS

■a Go Twice a Week ■ m Broadway Al! New- 'very Sun. and Thurs. I 10c T ■> 20c i i ( 30c g L None Higher S

Rail Nfra.andiHuityh ialtO THE COZIEST SPOT ON THEATER LANE. Last Times Today. MARGUERITE CLARK WIVES” • Tiffins., FRI. & SAT. EUGENE, O’BRIEN CO MIN G SUN DA Y ‘ CHARLES RAY “THE OLD BWIMMIN* HOLE" (SUPERIOR VAUDEVILLE 2-4 1 ~ This coupon and one cent war tax. with one paid admission, admits extra lady to any performance this week, except Saturday and Sunday- (Times.)

ENGLISH’S MJ GREGORY KELLY STOCK CO. ‘A Tailor-Made Man’ Evenings, gso to SI.OO. Hats, today and Thursday, 250 ft 50a Sat. Hat., 25c, 500 and 760, NEVER HIwHER A Broadway Cart at l- the prion*.

Police Patrol Decks in Baltimore Port BALTIMORE, M. D., May 4.—A heavy guard of policemen patrolled the decks of vessels' In this port aU during tho night and early today an additional poller patrol boat was placed In com-

Thursday, Another Great Event in Our Remarkable Sale of Springtime Frocks

s|Q|o Formerly Sold for $29.50, $35.00 and $39.00 A collection of garments so complete in style, color and size ranges that it is possible to fill the demands of most every individual requirement. The materials are of the season’s favored silk fabrics that so graciously lend themselves to the new modes —the clever and unusual details of trimming give a distinctive touch and workmanship is the sort that instantly appeals to women. Taffetas, Georgette Crepe, Crepe de Chine and Canton Crepe—all the favored weaves. Sashes and tucks, ruffles and frills, embroidery and eyelet work—and other little characteristics are the modes that you will have to come in and see for yourself. Many colors and many styles. —Pettis ready-to-wear, second floor.

BETTIS DMF GOODS CO THE Fsl E.WT VOPK STORE ESI 3T. 1853 "*

Adapted from Sophie Kerris Storf & Life, AvoeeAmg to Erertf ) Married Couple.

Bob —THE SHERWOODS—GayIe i AND THEIR SINGING ORCHESTRA Hall Room Boys Farce Fox News Weekly

mission following tha serious disorders that occurred on board a number of ships In Baltimore harbor yesterday, In connection with the marine workers’ strike. Asa further precaution against renewal of the disorders, police reserves are concentrated along the water front. LET ROAD CONTRACTS. COLUMBUS, Ind., May 4.—Two road

Cos.

MOTION PICTURES.

Heloij SJumm

contracts were let by the Bartholomew County commissioners here Tuesday, tb* contracts being part of the summer road building program cf the county. Samuel Hallway was awarded a contract for the Armuth road amounting to (4.75L50, and Clarence I. Henry was awarded a contract for the Henry road amounting to $12,516.

Supreme MASTER oftaunai

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