Show FACING THE FACTS The national debt of the United I States nates at the end of ot the fiscal year 1912 1911 was was or 1040 for lor or each person living in this country figuring on the basis of pop The national debt of the United States on June 1 1 1919 was This simply means that every person in the United States faces a national debt that averages average If it conditions that have become become be be- come so radically changed b by this so greatly increased debt are to become In any wise normal they can come in Just one way way the the absorption of this bonded debt by the savings of the pe peo pIe The answer given the Senate Committee Committee Com Com- Committee by the governor W. W P. P G. G HardIng Hard Hard- Ing of the Federal Reserve Board to their query as to what legislation was wal needed at this time and to relieve relie the financial situation was The liThe F Federa dera Reserve Board believes that any cur currency currency rency tency legislation at this time is and undesirable and would sug suggest est best that whether viewed from an eco economic or financial standpoint the rem Idy ady for tor the present situation Is th the same namely Work and save T The e people have hav got to spend lest less and save more The people can save money is dissipated t d too easily and i is if wasted too often If It the money is 11 it l the pocket that new luxury really no needed is usually gotten for it is easy to convince ones one's self seU that it is goof gooc business to bu buy the thing one wants Invested money earns earns interest it It if not so easily spent and it encourage the he saving of more Of the widows in the United States over 65 years of age 31 per cent ar ars without many of the necessities of life Ute 90 per cent without the comforts of ot lit life Save San |