COMING NEARER HOME.
During the famous War and post-War boom in this country, two imaginary individuals whom we will call John and Henry, worked in munition works and received an extraordinarily high wage. They employed their earnings in quite different ways. John being of a saving turn of mind, lived simply, and during the years 1914 to 1920 opened a good deposit. with the X.Y. Savings Bank. His brother Henry, on the contrary, lived up to the whole of his income, and when the time of trade depression and unemployment threw him out of work, went straight on to the dole. John was more fortunate as regards employment and it was not until the winter of last year that hard times came upon him when he bethought himself of his deposit with the X.Y. Savings Bank. This had amounted to £800, and, therefore, he was not unduly disquieted until when consulting his savings bank book he found that his £300 had been Written down to £150. Naturally indignant, he sought an explanation, which was promptly given by a Socialistic manager, who informed him that the purchasing power of money being greater now than when he had made his original deposits, his credit balance had been written down accordingly. Naturally enough, John observed that he saw no sign in his book of the credit balance having been written up in 1920 when the purchasing power of money had fallen enormously as compared with. 1914, but his expostulation was only met with a shrug of the shoulders.
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