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Show The Future Depends on Thrift Today Oliver S. Powell of the voluntary credit restraint committee of the Federal Reserve Board said recently re-cently that National Thrift Week is especially important to all of us at this particular time as this celebration cele-bration begins upon the birthdate of Benjamin Franklin. "The Franklian theory of spending spend-ing less than you earn is sound and a practice to which all Americans should adhere," he said. "Thrift Week will act as a reminder to all Americans that their future depends upon their practice of thrift today." Powell said the needs of the defense de-fense program for materials and' manpower are still rising and. until un-til our production capactiy can be increased, some goods may be short in supply. That is why we need less spending and more savings by all. Powell urges more buying of U.S. Savings Bonds, putting more money in saving accounts, and reduction of all types of ind fbledness. |