Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1917-12-06

Z have direct charge of sales in I
! their counties. !
*s* -. '''':s ss*i* I
Y. ,. government thrift stamps were
paced on sale at the Grangeville post.
oHiee Monday morning. A large consign.
ment OF the stamps was received last
week by the local office, which supplies
every postoffice in Idaho county with
stamps.
| ihrlft stamps are nothing more than
small government bonds, issued in de.
nominations of 25 cents, so that the
patriotic person of small means NAV
lend his money to his government for
use IN helping finance the great war
III which we are now engaged To many
persons, purchase of Liberty bonds even
IN the lowest denomination, that of $50.
has been quite impossible. In order to
reach this class of persons, and in order
to reach savings of children and other
small accounts, which individually have
little earning power, the government
will use the thrift stamps.
Paste Stamps ON Cards.
The purchaser of a 25-cent thrift
stamp gets with his first stamp a card
| containing sixteen spaces for stamps.
When he has filled these spaces with
thrift stamps of the value of 25 cents
| each, he exchanges the card and STAMPS
for one war savings certificate stamp
and pays the difference in price. Dur
ing December and January, the war
savings certificate stamps will cost
$4.13. After that an additional cent
will be added for each month until
the cost has reached 1923.
War saving stamps will be put upon
cards containing % spaces sach. and
if the saver can fill one of these
cards before January l. 1915, it will
have cost him $3.50, and on January
|, 1928, the card will be redeemed for
300 This is II net profit of $3.50,
! at the rate OF percent compounded
quarterly. Interest will be paid on
as little as 81 worth of stamps or up
on giving notice the purchaser can sell
his certificate at cost, with the addition
of | cent a month on cash war saving
| certificate he possesses
Plan Works in Other Lands.
The plan has many merits, and that
1t is certainly practicable has been
demonstrated by other nations. The
French have been buying similar lit
tie government bonds, or rentes as
they are called, for many years. and
the system has helped wonderfully in
making France thrifty nation. In
England, within less than two years
the people have bought more than
$500, 100000 of such thrift stamps,
and they are still buying them at the
rate of S4,O00000 a week. Clubs have
been formed. in connection with
churches and fraternal organizations
having membership of 100000
persons, each of whom is investing a
little in these securities each week.
War saving certificates may be reg
istercd without cost to the owners at
any postoffice of the first, second or
third class, subject to such regula-
tions as the postmaster general may
prescribe. Payment will be made
upon any certificate only at the post
office where registered
Certificates Not Transferable.
War saving certificates are not
transferable and payment upon them
will be made only to the owner ex-
cept in the case of death or disability.
Besides postoffices, banks, trust
companies, railway and express com
panies and stores may obtain permits
to sell the stamps, provided no cost
is imposed upon the government or the
purchaser. Blank forms of application
for appointment as agent and the nee
essary information as to execution may
be obtained from any money order
postoffice, from banks, or from state
representatives of the national war saw
ings committee.
Two Glasses of Agents
Two classes of agents will be ap-
pointed: First, agents of the first class,
who may neither obtain nor hold at any
one time in excess of $1,000 of war saw
ing certificate stamps (maturity value) !;
second, agents of the second class, who
may obtain at any time or times in ex-
cess of $1,000 of such stamps (maturity,
value) for sale to the public.
War saving certificates shall be ex.
empt, both as to principal and inter.
est from all taxation now or hereafter
imposed by the United Staes, any
state, or any of the possessions of the
United States, or by any local taxing
authority except estate or inheritance
taxes, and graduated additional in
come taxes, eommonally known as sur
taxes, and excess profits and war
taxes, now or hereafter imposed by
the United States, upon the income or
profits of individuals, partnerships,
associations, or corporations. The in
terest on any amount of bonds and
n