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Show Hoarded Money Is Detriment To Public Advancement; Is Not Safe President Hoover has asked all civic organizations to join in a nation-wide movement to eliminate elimin-ate hoarding and to put back into circulation a vast amount of money which is now "in the old sock." Hoarded money earns n6 interest and is of no use to any one. It is a constant source of j worry, and worry is a war of the ! emotions that cripples and kills, ' mentally and physically. Avoid f'nancial worry as you would physical disease. Hoarded money is constantly sought by thieves and each day the newspapers carry car-ry stories of money lost by fire or robbery. Wednesday's Tribune has an article to the effect that Mrs. Mabel Bridge, 15S7 South Main street. Salt Lake City, L'tah, found out Tuesday that money is safer in a bank than in a handbag. hand-bag. The woman drew $1420, her I 1 fe's savings, from the Zion's Savings Bank and Trust company and was carrying it down Main street in a handbag to hoard it away by placing it in a safety j deposit box in another bank. She I had walked only a few rods down the street when the handbag was j snatched from underneath her arm. The thief was, no doubt, an experienced one who probably "spotted" Mrs. Bridge when she withdrew her money and followed her down the street. A short time after the incident the purse was found behind the notions counter in a department store, but it was empty. Keep your money in circulation or at least working for you, for while it is earning interest for you it is also working for your neighbor, who finds it necessary to borrow capital for his business, livestock or farming operations. Banish worry and poverty by doing away with "hoarding." Hoarding money in Gunnison, perhaps, is not so widespread as it is in other larger places. Mel-vin Mel-vin Jones, international secretary of the Lions clubs, after being called into conference with President Presi-dent Herbert Hoover, offered the sendees of his organization to prevent hoarding of money. The Gunnison Lions club, upon advices from Mr. Jones, has taken a stand to avert hoarding, which, as has been showed, diverts money from the business channels and only tends to further demoralize business. |