Show I I I i r I I i How nOW ion Ilits Hils Your Sa Savings ings I I U LJ HA RAYMOND I I I rational national Sentinels of 01 thi t Republic Republic- I The very man who ho has haa the deep deep- I est eat Interest In sound currency la to the theman theman theman man who earn earns his hia dally daily bread ead by his dally daily toll toiL a aDaniel Daniel Webster said that nearly aI a I 1 century ago His statement was true In his time it was true ears I earlier and It Is true today I France proved Its verity as ns early as 1795 when inflation forced forced workers and wage earners to toI toof of pay the equivalent of ot 9 for tor a pound of bread and of 40 for tor a bushel of of I potatoes Germany proved It shortly after the World War when inflation wiped lout out utterly the average workers worker's I savings and sly rocketed the prices of everything save sa the barest necessities necessities necessities of ot life far tar beyond his reach I Russia pro proved ed it when her revo- revo revo revo- revolutionary leaders used Inflation to help drag every worker corker down to a I I state of regimented and dependent I penury penury In every Instance stance currency inflation I tion hurt the worker and ond helped the speculator Always It crushes the thrifty and exalts the gambler I I How Hov I It achieves thie effect not by reducing re- re reI re the number of dollars In the I earners earnet's pay pay envelope envelope or savings account or Insurance estate but by reducing the actual purchasing I pov power er of those dollars It means that out of the same Income or or he savings savings saving's he must pay flU far more for food and clothes sameI and I shelter and everything else he buys That s fine for the well well heeled well heeled speculator who profits by buying In Ina Ina ina a low market and ond selling at inflated prices But Dut Ita its hard on the worker worker or or on OD his widow and children If It he be behas has haa entrusted eDt ed their future to I insurance insurance ance or savings saving's funds accounts as most American wage wage earners earners do I How can the average a worker and citizen escape this menace andI I Well as history has hns proved the he blight ot of inflation descends on a aI I nation in one of two ways It may maybe maybe maybe be adopted deliberately as a method ot of raising prices But more often it comes us M a result of straining gov- gov government government gov government resources through extravagance extravagance extravagance gance and debt Fo Force e the politicians to eliminate waste and the piling up of public debt and and you remove this threat at atthe atthe atthe the earnings s the savings and the security of every evel worker and his family |