Hughes, William Morris, 1864-1952; Lloyd George, David, 1863-1945; World War, 1914-1918 -- Economic aspects
Now began a notable campaign of education which was carried straight
into the kitchen. Food demonstrators whose work ranged from showing the
economy of cooking potatoes in their skins to making fire-less cookers
out of a soap box and a bundle of straw, went up and down the Kingdom
holding classes. In town halls, schools, village centres and
drawing-rooms, mistress and maid sat side by side. "Waste nothing," was
the new watchword.
Backing up the uttered word was a perfect deluge of literature that
included "Hand Books for House Wives," "Notes on Cooking," "Hints for
Saving Fuel," "Economy in Food," in fact, dozens of pamphlets all
showing how to make one scrap of food or a single stick of wood do the
work of two.
The people behind this movement knew that with waste of food was the
kindred waste of money. They realised, too, that even the most effective
preachment for food economy must inevitably be met by the cry,
"Everybody must eat." With money, on the other hand, there seemed a
better opportunity to drive home a permanent thrift lesson. So the
forces that had built the bulwark around the English stomach now set to
work to rear a rampart about the English pocketbook.
Circumstances played into their hand. The Great War Loan of
$3,000,000,000 had just been authorised. "Why not make this loan the
text of a great National thrift lesson and give every working man and
woman a chance to become a financial partner of the Empire," said the
saving mentors. It was decided to put part of this loan within the range
of everybody, that is, to issue it in denominations from five shilling
scrip pieces up, to sell it through the post office and thus bring the
new savings bank to the very doors of the people.
Again a machine was needed, and once more as in the case of the food
campaign one was well oiled and accessible. It was the organisation that
had raised, by eloquent word and equally stimulating poster and
pamphlet, the great volunteer army of 3,000,000 men. Just as it had
drawn soldiers to the fighting colours, so did it now seek to lure the
savings of the people to the financial standard of the nation.
The Parliamentary Recruiting Committee became the Parliamentary War
Savings Committee and it loosed a campaign of exploitation such as
England had never seen before. From newspapers, bill boards and rostrums
was hurled the injunction to buy the War Loan and help mould the Silver
Bullet that would crush the Germans. It was literally a "popular loan"
in that the five shilling short-term vouchers, bought at the post
office, and which paid 5 per cent, could be exchanged when they had
grown to five pounds for a share of long-term War Stock paying 41/2 per
cent. The higher rate of interest was the inducement to begin saving and
it worked like a charm.
Public-domain text, read in full here on John Shaqi.
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