Salt Lake Tribune | 1918-03-10 | Page 30 | First Principles of Money Saving Told

FIRST PRINCIPLES OF MONEY SAVING TOLD Overland Man Believes It Is Summed Up in the Words "Money Making." Ivfanager Arch Browning of the Browning Automobile company, local Willys-Overland distributors, calls attention at-tention to a recent article in one of the Overland house publications, -which throws an interesting light on the question of thrift vs. economy, and suggests that it will no doubt be of interest in-terest to automobile owners, as well as the public in general. The article runs as follows: Being greatly interested in and in sympathy with the movement to promote tho sales of government thrift stamps nnd war savings certificates, cer-tificates, we listened the other day to a speaker who was generously giving his time to promoting their sale. In the courso of his talk he frequently repeated this remark: "The first principle' of money making mak-ing is money saving." It 'was a neat phrase, and we remembered it. However, there is one thing seriously se-riously the matter with the phrase, and that one thing is that it isn't entirely true. If the speaker had said "tho first principle of money saving is money making," he woultl have turned equally as neat a phrase and there would have been the added advantage that it would have been actually the truth. Earning aJid spending depend directly di-rectly upon each other. If people stop spending, earnings eventually stop. Tf people spend without earning earn-ing the spending supply runs out. There is no mystery 'about it. We spend because we have earned and are able to earn because we spend. Money is made, governments are sustained, war is financed, homes are fed, clothed and made prosperous, prosper-ous, not by pinch-money hoarding, but bv trading, by buj-ing and selling. sell-ing. There is no question of the desirability de-sirability of real thrift and actual economy, but there is a very grave danger to the public of sho'rtsight-ed sho'rtsight-ed thrift and false economy. The economy we need is of the products of nature. Money is quite a different differ-ent thing. You may spend money for whatever you like, whenever you like, as you like, and it has not necn destroyed. It is undiminished. It has passed on to still other hands. And it is precisely this process of passing money from hand to hand that puts life blood into .business. And business in turn is the thing the only thing that gives employment to men and women and enables them to buy the necessities of life.