Show PEOPLE ON MAD tad FINANCIAL SPREE war loan org twelfth federal reserve district robt E smith director 0 A farnsworth associate director the following a address dress was delivered by B F irvine th blind editor of th the portland rort land oregon i journal arn 1 before the annual meeting of ahe he california state slate press association asso cation in san ean francisco saturday nov 15 la is bent ent you at the request of the california press association it Is doubtful it if america has ever i been confronted confront conditions so precarious there never was a so extraordinary I 1 expenditures are 1 terrific the people are or 01 a mad financial spree normal business principles aloe are dead thoughts of thrift are tore gotton A mans hat bat at 20 has become a commonplace portland 7 dealers placed them on cn sale and the supply was dealers were plunged into wonderment and awe they are arc now hats that thai will be sold at US 5 and 30 nothing is stable new york manufacturers rs and jobbers no longer quote prices of goods on future delivery they tell you the price no doiy and say that the price on future orders will be controlled by the market me mea operatives I 1 in the factories deman d higher and higher wages and operators 4 ra grant them 0 operators pera tors have found that ahat any asked will sill be paid and the advanced wage is granted and added J with increase profit to the price at which the goods go to the retailer the public comes along and pays whatever ts s asked and nd so the pyramiding pyram iding goes on oni people were excited durin during 9 ahe the war in iii many ways wa They are arc cra zynow they never saw so much money spent before never abw saw it spent so lavishly levei never saw it to come and go so BO easily I 1 all have that 1 f wa cgovern Sg overn luent ineat money that we have been spending 0 i w r th great sums told oil off in bil lioi h i fed the he shipyards the dudl it arl hi machine works the nine mob and all the others great in all the history i wad motley money was never doured 11 i juch nii h prodigal hand the birti of those days become cepl damli the great supply source that b hi government maintained during boar ill hi UL ui off the spending on it Is without end or limit the ship borker 1200 automobile and miladys 2000 fur the tailor suit the coat a woman oman 8 hand bv bak at a ladys gown displayed display od in a san francisco shop window at ai il price of a house and lot these are parts part of the long array of la to 10 this extravaganza bof expenditure pend iture popl acea crazed with the notion that hat an thing any prodigal purchase pu any ally figure of wage any measure of profit is obtainable do you ro nall alize zei what havoc habits babits of arc aire working in america in portland in n 1918 with on increase of ot 47 in populate population on we build dwelling hous we ought bought 6 00 automobiles we spent om ehing over halt half a million tor for houi more than ten million for automobiles automobile till mortgage indebtedness placed on home in fo the purchase ot of auto 71 mobiles was 00 listen sixty alx lx out of 0 every hundred persons who bo die in the united states leave no brict estate whatever and of 0 the retraining remaining thirty r tour four only nine leave estates larger than at the age ot of 65 95 ninety sevin seam out ot of every hundred persons persona in america are partially or wholly depend dependent depended et upon relatives friends or r republic he public tor or their dally daily bread lor for clothing and for or a root roof under which to sleet sleep ninety eight per cent of t the gm american erleau people are living from day to day on I 1 their wages wage s and a loss 1005 ol of employment would men mean pauperism for fill all but two erp cents cent fewer than american lam fern illes own their own homes 2 are earring mortgages and are renters every years one third ol of the he kopul population at on ot of the city ot of new york tork applies tor for charity one person in every ten who ale lies in our largo large cities Is burled buried in a pup perg erB grave obese figures arr are from rom government statistics they are a terrifying story ot of poverty surgeon general G gorgas orgas who madette ma made dethe the canal zone habitable gal said in I 1 a public address physicians have locati td ed the great cause ot of genera general 1 h health beltt h in poverty the great artier american i can b habit ol of unthrift I 1 poverty means loean fair ir ip in a luxury it klemans i li dibir par P me of I 1 miudo ho water boap bo ap eawh baah ab u nb b und and rood good plumbing the very por annot be clean and abill dirt moan mean ill ilk hi alth con 1 um llon and a vau daupern pern gravo grave teach the people thrift teach them to lay aside a part ot of their savings teach them to have a though of 0 the morrow teach them to eschew 25 hats I 1 1 2 20 shoes and HOOf coats off wages that cannot warrant errant hese bese things teach them riot not to be and ami asters for the ahe ultimate lot ott oft the oe spendthrift and the waster aster is to be at 65 years of age one ot of that 97 out of 0 every in pa pan rt in ia whole dependent upon kindred friends or the public for for or the broad bread the they y eat tor for the clothing they vicar near forsbe tor the roof under which which they fiend shelter Pr overly I 1 Is ignorance and ignorance Is poverty they are arc loin calamities nn mean poverty handed down from father to son combined they mean crime and criminality go to the be penitentiaries aries and there study I 1 the tha inmates there you will find the havoc that ignorance e and poverty work upon mankind I 1 poverty people the pauper asylums the poor houses the insane asylums the houses of 0 correction the reformatories ma tories and other places of public de tent lon more than people over ton ten years of age in america cannot read the daily nev newspaper Pape 1 there I 1 to Is still with u ua a the astounding per cent of american dratted drafted men in the late war who be were vere were illiterate there Is the clomax in the terrifying story of the it 11 young men between 21 and 31 all ii directly attributable to the destructive habit babit of non thrift in america latic lack of thrift Is the blight of children statistics irom from the health bureau n the city of portland are that out of school go to scholl with enough to jio eat cat ih this Is in a the are are i c filmed r 13 by from health alth other large cities A starved starved brain it par byg y th the power p ow ef orpo ot ivar it undermines the ability to think it kills the power ot of initiative it stunts 1 lives and hurries burries on ill health the insufficiently sufficiently nour nourished isred child has not the to resist disease we have from our lack ot of thrift in americas Ameri caa these things lot ill health wasting disease dia ease and a grave in the potters cieli 2nd and stunted lives inefficient nt me men lack of failure and a growing army of the submerged which more and more increases ferment and social unrest 0 3rd ard increased numbers of penitentiary r les ies pauper asylums poor farms insane i asylums I 1 houses of correction reform tortes and other places of public detention and to these we may add the report I 1 of tile the illinois survey which declares that the chief cause of immoral immorality I 1 ity acing women is poverty an and d its all ignorance that survey found that 76 per cent of fallen girls bad not passed the grammar grade in e of poverty and that there was as a very low per cent 0 ot of immorality among high school and college girls I 1 here we ve have directly traceable to the one great cause viz lack of thrift the chief danger besets america today lack ot of thrift with its attendant products ot of poverty and ignorance give us an army ot of disappointed discouraged and dependent men and nd women II if there is unemployment they are of first among the jobless their first thought Is tofi tell nd fault with the government and the country they are fit and 1 fertile subjects fol or the he 1 I W W the bolshevist the agitator and the demagogue there la is only one Ino movement in america to encourage thrift it Is the governments ments Is plan plane tor for the sale ot of thrift and war savings stamps and treasury savings certificates there to g no nobler endeavor it the individual to have a solicitude about the future it makes the citizen who alio owns war saving stamps or certificates a partner in the government makes him a part owner in hla his country it gives him a new interest in the tha flag thrift en enables ailles fambles to own their own homes russia joined bolshevism because her people were landless germany desisted resisted des isted bolshevism because her farm arm tenantry Is at the vanishing point nobody ever heard of 0 and threat of otso so abony the tha thrifty people ot of denmark Il holland olland and belgium men lien nev never r plot against their own homes aboy T hey explode exploit ex no bombs on an their tb ir own hearth atones the greatest creates antidote against thi mad mile illusion ions still anil wild adl hal which dramer dr amar ari an iee to import from europe and rani plan 1 l in america Is in ihal thrift will home and lift latt the uneducated out ot of ignorance |