Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1917-11-28
ENCOURAGING THRIFT
Purpose of War Savings Stamps IS
Also to Raise $4,000. 600, 900 in
Next Twelve Months.

S2,OOU,OUO,uUO ana ar the same tin
ilcuicate the habit of thrift in IL,
American people is the dual purpos,
Of the War Savings Stamp campaig,
which will be launched throughout
the United States on Monday MON
ing next. For one year this greai
drive will continue and by il -:
Federal government expects to cy'.
cute !. masterstroke toward lis vic
.ory over Prussianism.
Under the direction of Congress
Secretary of the Treasury William G..
4ic.Adoo has organized the Nation.
al War Savings Committee, with
Frank A. Vanderlip, president Of tn
National City Bank of New York
rs chairman. Colonel Thomas B. Nj
Adams has been appointed director
in charge Of the Work in Virginia,
who has surrounded himself with IN
executive committee composed Of
prominent Virginians, who will bend
every effort TO insure the success ot
the campaign. This big committee
will include such men as Governo"
Henry Carter Stuart. Wcstmoreland
Davis, Govcrnor-elect; L. c. Stearnes,
Superintendent of Public lnstruc-
ton; w. NJ. Addison, president of the
Virginia Bankers Association ana
others.
In disc:::::ssing the War Savings
Stamps Director McAdams pointed
out that while the raising of tnis
vast sum of money will be of inca-
tl:.able value to the government anG
cvcry cent so raised will be spea;
IN connection with the financing al
ths great war. the lessons Of Thrift
aaG economy which will be tau@a'
d,r:ng the campaign will produce an
even more far-reaching effect among
tie American people. This thrift
work means tha. in many cases the
Gc:ire of individuals and the aims OF
businesses must be subordinatci ior
the benefit of the nation at this time
uf c,.;.:-
The stamps will be put on sale at
post-o!lices, banks, trust companies,
stores and. so far as possible, IN all
places in which people congrega1n
and with which they have business
relations.
In purchasing 25-cent stamp. tic
individual will be furnished with 4
thrift card, which contains sixteen
blank spaces, and when these spaces
have been filed by the purchase Of
additional stamps or total invest
sncnt of 81, the thrift card may, upon
the payment. of u additional ccn:s
during December, or January, -
cents in February, IA cents in March
and 50 on, exchange this thrift card
for i S5-War Savings Stamp.
These War Savings Stamps are
the direct obligation Of the United
States Government, maturing Jan1-
any !, 1928 so,that for each S4. l.
invested the individual will receive
. p,ofit Of sS cents, or approximate
" 4 per cent interest compounded
quarterly.
Upon the purchase of a s. War
Savings Stamp. the buyer will re-
crivc War Savings Certificate,
which will contain his or ner name
ana address. These certificates con-
tain twenty blank spaces to wh'en
the War Savings Stamps may be az
tached. thus caring for 4 total OF
500 Of these stamps, costing the
purchaser sS2.l0. These certificates
viii not be negotiable and cannot
either be traded in or pledged to Sc
c,,rc loars. In order, however, q
provide for any contingency wh!si
nav arise in any individual case
making it desirable for the purchaser
20 secure his money before maturity
these War Savings Certificates vii
be clshcd at any post-of1ice in ~
country, by giving ten days nott:e
at the original purchase price, pla:
! cent Il month for the number o'
months they have been in the pos
session of the purchaser.
No person can buy more thar
500 of stamps at one time and NJ
iriividual is allowed by law to owI
more than $1,000 of them. The pla'
therefore. as designed by Congres
ana the Treasury Department, IS no
"a. the benefit Of the large lnVeSto'
b., for the person Of small means, ant
il IS intended that this money shal
con from the earnings Of the peo