What America did : $b A record of achievement in the prosecution of the warKelly, Florence Finch
History
What America did : $b A record of achievement in the prosecution of the war
Kelly, Florence Finch
World War, 1914-1918 -- United States
A nation-wide campaign of education for thrift and economy and of
organization for practical result enlisted the services of many men
prominent in business affairs. During the first three months of the
campaign more than 18,000 incorporated banks and trust companies agreed
to become authorized agents for the sale of war savings securities. The
work spread all over the country, from Alaska to Panama and from Hawaii
to Porto Rico. By the first of November, 1918, 150,000 War Savings
Societies had been organized and hundreds of thousands of workers
were selling stamps and aiding in the distribution of literature and
the work of organization. More than a thousand periodicals gave free
space to the advertising of the campaign, affording, approximately, a
circulation of 55,000,000. Labor organizations and women’s societies,
schools, churches, clubs of many kinds, young people’s organizations,
the Boy Scouts being especially efficient, coöperated with important
results. Thrift literature was placed in practically every school
in the United States. The monthly cash receipts from the sale of
thrift and war-savings stamps began with $19,236,000 in December,
1917, and increased with every month, reaching their highest point
in the following July with $211,417,000. During the last ten days,
of that month the receipts were at the rate of over $7,000,000 for
every banking day--enough to have financed the entire United States
Government in the years before the war.
Up to November 1, 1918, the cash receipts from the sales of these
stamps totaled $834,253,000, representing a maturity value of over
$1,000,000,000. The achievements and influence of these societies were
so remarkable and so beneficial that probably they will be continued
and become a permanent factor in the finances of the nation.
Public-domain text, read in full here on John Shaqi.
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