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Marcosson, Isaac Frederick, 1876-1961

"The War After the War"

" 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.


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