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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Roanoke Rapids Herald
Location
Roanoke Rapids, North Carolina, United States of America
Date
Aug 22, 1919
Page
6
President Wilson urges food distribution and thrift as a bulwark against Bolshevism. The piece argues loyalty to government through private enterprise and savings stamps, saying thrift and investment protect institutions and curb radical propaganda. It stresses every American should buy Thrift and War Savings Stamps now.
The Savings Division of the Treasury and the American Council on Education call for thrift programs in normal schools, colleges, and universities. They plan to form institutional thrift organizations teaching saving, wise buying, safe investing, and War and Thrift Stamps as ideal small savings investments.
Eastern business leaders at their annual convention urged merchants not to exchange War Savings Stamps for merchandise. They warned such actions harm public confidence in government bonds and noted the practice targets the poor and uninformed. Delegates pledged to form vigilance committees to oppose merchandise offers for government securities.
A fragmented historical essay extols thrift and saving via War Stamp programs. It promotes thrift as a virtue, urges careful spending, and warns that small leaks sink ships while urging readers to support thrift stamps to protect finances.
A table explains how investing through War Savings and Thrift Stamps grows money during WWI terms. It shows compounding four percent interest quarterly, with stamps rising in cost monthly and maturity values, illustrating how an annual plan of about $100 a month for eight months becomes $1,000 by January 1, 1924. It details conversions from Thrift to War Savings Stamps and the government payout at maturity.
The text discusses mortgage secrecy and privacy around housing loans. It notes a social belief that mortgage details need not be public, contrasted with a quip about automobile debts. It comments on agricultural production doubling in 15 years amid population growth, and ends with remarks on wealth and optimism versus dental pessimism about finances.
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