THE HEPPNER HERALD, HEPPNER, OREGON
PAGE SEVEN
ton
it thrift Chrktmas
n:;ed States Asks
Governors.
OF
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Tuesday, December 16, 1919
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ft
T0TALMILL11!
Government Appeals to Holi
day Shoppers to Give Se
curities as Presents
1 Jfcle;
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Governor John U. Calkins of the
.deral Reserve Bank, which is the
cial agent of the United States
eminent in the Twelfth Federal
Beserve District, has written a letter
to every bank and trust company in
the district calling upon them to use
every means within their power to
induce the people to buy War Savings
Stamps and Treasury Savings Certifi
cates for Christmas presents this year,
It is tbe hope of the Governor that
the people of the Twelfth District, in
stead of spending their money for lux
uries to be used as Christmas presents,
will help the Government finance its
war debt of twenty-six billions of dol
lars by sending War Savings Stamps
and Treasury Savings Certificates as
gifts to their friends and loved ones.
Demand for War Savings Stamps
and Treasury Savings Certificates, the
latter in denominations of $100 and
$1000, set in last month. The Federal
Reserve Bank shipped $60,200 worth
of Treasury Savings Certificates to
eighteen banks on November 20, this
ing the largest day's shipment since
close of the war. The Government
ticipates in tho light of the demand
of these eighteen hanks for these se
curities to meet the holiday trade, that
the seventeen hundred banks in the
district will purchase more than a
quarter of a million dollars worth of
the Government's paper. Increased
call for War Savings Stamps and
Treasury Savings Certificates, and
even Thrift Stamps ha3 come in from
all postoffices in the west in order
that postmasters may have on hand
sufficient supplies to meet the public
demand.
The Government's holiday slogan
"Give a War Savings Stamp or a
Treasury Savings Certificate for Christ
mas" is elaborated in Governor Calk
Ins' letter, which follows:
"The Christmas holidays are almost
upon us. Everything points to a
tremendous outlay of money in the
purchase of holiday gifts, the greater
portion of which I think I am safe iu
saying will be luxuries. The present
situation demands not that more
money be spent in the purchase ot lux
uries, but that we curtail ns much as
possible, with the consequent beneficial
contraction of credit.
"Therefore, I appeal to you as a fel
low banker to do everything wlthii
your power to slliuuiate the purchase
and giving of War havings Stamps and
Treasury Savings Certificates U3 Christ
mas presents in place of the usual
needless and expensive gifts. It seems
lo me that the responsibility of leading
men's minds along the ways of thrift
and Blmple living rests to a great ex
tent upon the bankers of the country
and In asking you to push the sales of
Treasury sefurlties during the Christ
mas holidays, I am asking you only to
take advantage of an opportunity to
meet this responsibility."
In addition, Christmas posters car
rying an appeal to give War Savings
Stamps and Treasury Savings Certifi
cates for Christmas presents will be
distributed throughout the Twelfth
Federal Reserve District, and all banks
have been asked to Include a similar
appeal la their advertising.
Proclamations calling upon the
people io give Savings faiamps
and Treasury Savings Certiflcatea
as Christmas presents have been
asked of the governors of all the
states, in the Twelfth Federal Re
serve. District and mayors of the
larger cities by Governor John U.
Calkins of the San Francisco Fed
eral Reserve Ban. Not only has
the Governor appealed to state ex
ecutives and mayors but similar ap
peals have gone to clergymen
throughout the district. These
measures will be supplemented by a
vigorous campaign in many other
ways to bring about wide purchases
of Government securities as holiday
gifts.
Governor Calkins said:
"Economists are agreed that the
present exorbitant level of prices
that constitute not only an eco
nomic but a social menace is caused
to a great extent by a 'spending
spree' being indulged in by the
people. Indulgence in luxuries,
which, of course, causes increases
in the necessities of life, has
raised prices generally to such un
heard of heights that Christmas
buying this year promises a dan
gerous climax. We, therefore, ap
peal to you to call upon the people
of your state to forego the giv
ing of the usual Christmas gifts
this year and instead give se
curities of the United States
Government, such as Thrift and
War Savings Stamps, Treasury
Savings Certificates and Liberty
Bonds. There could be no more
timely effort at stabilization of
prices and' production than such
action upon your part and the part
of the people, a majority of whom,
I am sure, would answer your
call."
Town Built by Asiatic Greeks.
A town that was old In the time of
Christ lias been revealed by a party
f British excavators In India. ' It is
supposed to have been built by tho
Asintic Greeks who Invaded and con
quered the Punjab, and the walls and
rooms of the king's palace suggest that
the architects derived their ideas
from the royal dwellings of Mesopo
tamia and Assyria. Beyond the pnl
nco still remain the ruins of houses
outlining a street. One odd thing
about these old buildings Is that they
have no doors. Probably they were
basements and those who used them
entered from nbove by stairs or lad
ders. One of the buildings excavated
Is held to have been built by the Em
peror Asnkn. who made Buddhism the
state religion of India.
I BUT V, S.
Only the Beginning.
"liberty hath a sharp and double
edge lit only to be handled by Just
mid virtuous men," so Milton asserted
long ago, adding that "to tbe bud and
dissolute It becomes a mbicblef un
wieldy In their own bands." Even If
we Americans can clear ourselves of
lieina "bud and dissolute," we have
much to do before we may claim to
be "just and virtuous." Justice m:d
virtue are nut to lie bad for tbe ask
In;:; they lire the rewards of n man
ful conicst with si'ilisbiiess ami sloth.
They are the result of an hom-st rf
fort to think stru'.it. . . . Merely
to feel Is only the beginning; what re
mains Is to think und to act. Brunder
Matthews.
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We Wish All Our Friends
and Patrons
A Merry Christmas
Of course you are planning something a lit
tle out of the ordinary for Xmas Dinner and
festivities.
You can find here everything reeded in
FANCY GROCERIES
JAMS PRESERVES JELLIES
NUTS AND CANDY
FRESH FRUITS and VEGETABLES
FANCY CANNED FRUIT
OYSTERS AND FISH
in fact everything for the occasion, in the
way of eats
Phelps Grocery Co.
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.............. ... - -
Only Real Monument.
Those only deserve- a monument."
wrote Ilnzlltt, "who do not need one;
that Is, who have raised themselves a
monument In the minds and memories
of men."
Diamonds of Many Color.
Although when free of color they
lire snld to be of first water, diamonds
ore found In nearly wry color of th
rainbow red, yellow, orange, green
nd blue.
A Christmas Gift
Give Him Cigars Like He
Would Buy for Himself
I
Most men smoke one or more of the many brands
of Cigars we carry, so you can come here with the
assurance that ym will he ahle to find "HIS"
Cigars in ju-t the y" w:i,lt ivt'-
Our pecial cac prt-erxc Cigars iH-nVftly, s the
he-t way i- to c.rder them early and Kt u keep tln in
f.,r u vititil Christmas.
MURIEL OPTIMO
NUGGETS DRY CLIMATE
FLORA DE MOSS
McAtee L Aihen
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(,,ilv iht Hu.irfst wheat i m -M
MmM ran-Visllv graded, ami I ftM
What would make a more sensible Christmas Gift
than a pair of our HAN DMADE WORK SHOES
or a pare of O'DONNELL DRESS SHOES foi
men.
WE DO ALL KINDS OF SHOE REPAIRING
1 1 -
Bowers Shoe Shop
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:m c iv men who know
for people vli watit the
heM.
(Itilv the limYest wheat
rarefully graded, a n d
Ihoroughly wa -hed is iwd
in iii.il ing our flour.
Vmr baking will pro e to
you the big advantage of
li-ing White Star Hrand
flour for boili bread and
iasiry.
Meppner Farmers'
Elevator Co.
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