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Show COMPULSORY THRIFT In Kansas a group of power and telephone companies Is trying a compulsory com-pulsory thrift plan, which affects about 1,200 employees and applies to every member of the organization from the president to the humblest day laborer. The plan requires that each shall save and Invest monthly at least 10 per cent of his Income. Every month each employee must make a report to th general office of how much he haB saved, and In what he has Invested It. The Investment must be approved by a committee competent to advise. Government securities, se-curities, savings bank accounts, building build-ing and loan stock, payment on a home, even payments on furniture are allowed. If debts have been Incurred, these must be listed and payments may be arranged on them, but no more are to be assumed. The Idea Is to make the employee live within his means and also lay aside something In a definite form. Reports for the first nine months show that about 13 per cent of the wages have been saved, no Blngle employee em-ployee falling below 10 per cent. This amounts to over $100,000. Failure to report or to save brings dismissal, but In only two Instances among the 1.200 employees was such action needed, i Budget books are distributed and their use explained as a helpful method In establishing a working scale of living that will allow for Oirift. |