Statement by Commissioner of Education Earl McGrath

STATEMENT We Americans are being called upon to meet a great challenge to our way of life. We are being called upon to muster our manpower and our resources in a great crusade for freedom. Only by working hard and conserving resources can Americans earn the right to live at peace in a happy and prosperous world. Today the accent is on conservation. That is why I am pleased to endorse the U.S. Treasury's School Savings Program in this conservation issue of the School Savings Journal. This program is concerned with the wise management of money. It also is fundamentally concerned with broad aspects of conservation and thrift. If we are to preserve our heritage as a freedom loving people, we and our children must learn to practice conservation and thrift. Lessons of conservation and thrift should be learned at an early age. The School Savings Program can be an excellent medium for providing experiences in thrift and conservation from kindergarten through high school. In these critical times such a program should have the continued support and cooperation of educators everywhere. That is why I commend the School Savings Program to you. *By Earl J. McGrath, U.S. Commissioner of Education, Federal Security Agency, Washington, D.C. for School Savings Journal for U.S. Treasury Department, November 9, 1950. published in Spring 1951 issue. Published in part in Dictaphone Educational Forum, February 1951 issue, pp. 1-5-