Show Banking and Buying r By W. W H. H J. J T TAYLOR AYLOR President of the Retail Credit Mens Men's National Association r The bankers of the Hie country arc urging the people to save the merchants advertising that the people should spend The rhe banker tells us that we must put our money aside and the tile next day urges s us to buy Liberty bon bonds s. s No wonder that many are puzzled The average man means to be thrifty and looks to the men of oJ finance for gui guidance ance One day Iday they tell him to save his pie the next day to cat eat it f Which is right The trouble is that both are right in iii a measure b but tt no one takes th the trouble to point out the limitations of either extreme And Aud extremes are dangerous I am for the safe middle course To sa save ve judiciously r to spend wisely I am for a campaign of right spending Thrift means saving ving part of what you earn but not Dot all of it of doing without waste paste aste but not of doing away with everything It is well to put mone money in the bank The rhe bank pays interest on h deposits But where do does docs the interest come from 1 is no private printing press in the banks bank's backroom turning out greenbacks There is no mysterious power that conjures currency There here is no great hidden secret to banking It is a business like every other business and well managed like any other business is prosperous The bank invests the greater part of its deposits deposits' in insecurities insecurities insecurities securities prescribed bed by law an and only secure because they arc are based on productive business enterprises The rhe Yer very r basis of the bank itself is the business done by those whose bonds it has bought If these fail the bank fails If these prosper the ban banc bant r is solvent And all these enterprises must be kept pt going that is JS s people must patronize them either cither directly orby or by spending mone money go o 0 that others may buy from them The shops must keep open presses must keep printing cars must have people to carry cany mills must have orders order to fill Then are arc the ci cities i s prosperous and their bonds secure Then can the tile banks hanks pay interest Save Saye but K Keep going So save but spend some spend more p rind find keep others going The nation that spends s is the tile nation that saves Copyright 1918 by King Features Syndicate Inc |