F.S. Hathaway, Bert Shaffer and A.G. Mathews attended the Sunday
School convention at Sycamore, and report that it was a very successful
Frank White, Jr., and brother Grover White of White Pine were
here Monday, laying in some supplies.
J.H. Hayhurst, one of the workers and good farmers of Pine
Creek, was a business visitor in town on Saturday.
Roane County Record
says that Watson Elliott of Sycamore has his race horses in training in Spencer,
and that there will be races there in October. Mrs. Allie Hardman and daughter
Lelia of Mt. Zion shopped in that busy little city last week.
Charlie Starcher, who is running his boat, the Clarence, between
and Creston, was here last week.
One of the encouraging signs in the present mild recession was
the continued rise of savings in 1960. Whenever people are able to save money,
they have accumulated purchasing power, which can be suddenly turned loose to
cause an upturn.
We do not know when people will
spend more money --though they are spending at a good clip today. Savings
have increased, and this means that the economic situation for many families is
growing stronger, even within the recession.
If the recession does not get too severe, and if it is brought
to a quick end, the recession picture might change into an optimistic one. The
accumulated savings of some will then be parted with more readily. Some people
tend to hold off spending when the financial picture is bleak or they fear hard
Savings is the sure road to security in our society. True, most
people become eligible for social security, but this is not enough for most of
us--if it is all we’ve got. Thrift, and saving, will provide independence and
freedom of movement and choice--and greater happiness.
The satisfaction of having been prudent and put away enough to take care of
emergencies, old age, luxuries and special desires, gives an inner contentment