The Washington herald., 1917-12-05
SAVING STAMPS
BOUGHT HEAVILY
IN WASHINGTON
Officials Forecast Citys AL
lotment viii Be Read
lily Taken.

Although. it will be necessary to
sell approximately s2s.ooO worth OF
war savings certificates each day in
order to make up Washington's
share of the $4,000. 100000 asked by
Secretary McAdoo within a year.
local and national officials declared
their belief yesterday that both
figures would be exceeded.
Although reports for the first two
days work throughout the country
Swere not in the hands of the Treas
, ury officials last night. II was said
that sales so far had come up to ex-
pectations and IT was declared that
the $4,000. 100000 probably would
. be obtained long before the year
was out.
Such reports as were in the hands
of local committee officials indicated
that yesterdays business exceeded
that Of Monday and every promise
was held out Of steadily increasing
sales.
Work IL Systematic.
The nation has been divided into
six large districts, approximately
comprising two of the Federal re-
serve districts in each. and a dis
trict chief has been placed in charge
Of the work in each section.
Under him, State directors are work.
ing. having been appointed by the
Treasury Department. D. J. Gala
han heads the campaign committee
c. the District of Columbia and all
work is carried on under his direc-
tion.
Every bank in the city, the Post
ONCE Department and all substa-
tions have placed the war thrift
stamps and the war savings certifi-
Gates on sale.
Every lettercarrier has been given
samples of both the savings ant:
Shrift stamps. and cards will be dis
tributed at all the homes of the Dis
trict urging the purchase of the
stamps.
stamp Sales Heavy.
reports from the carriers Monday
ane yesterday indicated that many
stnnps have been sold by them,
though figures were not available.
Reports from the special office open
ed at the main pOstoffice building
and several of the larger substa-
tions throughout the city showed that
more than 5000 worth Of stamps
actually had been sold.
Figures of the sale of the STAMPS
yesterday were not available. but IL
was said in all quarters that the
sales exceeded those Of Monday.
Car loads OF mail matter has been
mailed throughout the country by the
local postoffice. sent out by the
treasury Department to aid in the
nationwide campaign.
1t is probable after the campaIpn
mas had time to get into full swing
secretary McAdOo and other Treasury
department officials. in addition to
the local committee, will leave Wash
ington on speaking tours to aid the
work OF local committees throughout
the country.
Classes of Stamps.
There are two classes Of stamps:
thrift stamps. which can not be re-
deemed for cash, and war saving
stamps which can be redeemed for
cash at any time after their pur-
chase. Thrift stamps must be con-
Verted into saving stamps and thus
redeemed for cash.
Thrlrt stamps may be purchased for
. cents each and after sixteen of
them nave been obtained. amounting
10 face value OF 81. they can be
converted into savings stamps. nv
paying small. graduated additional
premium. which at maturity have
value of $.
No interests is given on the thrift
stamps though savings stamps
through their interest rate continual
ly increase in value until their mar
value of IS has been reached in
January I. 1918
Plan of Campaign.
After the campaign throughout the
country has had time to get into
swing, regular reports of the progress
OF the sales in various communities will
be received by the Treasury Depart-
ment and made public.
The appointment of Lewis p
FRANKLIN, of New York, as director
OF the war loan organization Of the
treasury Department was announced
yesterday. Mr.. Franklin has been
connected as a volunteer worker with
inc Treasury Department in similar
work since the first liberty loan CAM
ne VIII take an active part in the
noatlnS of all future public loans nv
.he treasury Department, including
the present drive for the sales or the
war savings certificates.