The Republican journal., 1917-11-22
WAR SAVINGS


Certificate Investment Will be Very Simple.
Secretary McAdoo Outlines Plan for
Campaign to be Inaugurated December
.rd Amounts May be Invested as Small
as IS Cents at Time. Will be Many
Public Places of Sale
Investment in War-Savings Certificates
~ II be as simple as the purchase of post
ate stamps under plan announced by
secretary McAdoo for the nationwide
ertificate sales campaign which he will
uaugurate on Monday, December Sd, with
he assistance of the War-Savings Com
,nittee which he has created, consisting
IF Frank A. VanderIip of New York,
hartman; Mrs. Geo. Bass of Chicago;
frederic Delano of Chicago; Henry Ford
# Detroit; Eugene Meyer, Jr., of New
81 rk and Charles L, Baine of Boston.
Any person may invest amounts as
small as twenty-five cents at time at
Qost offices, banks or trust companies, at
most railroad stations, stores and fac
cries and at many other public places
where accredited persons, will act as au-
thorized selling agents. After the sales
aegin the certificates may be purchased
at any time. At the average 1913 selling
nee such investments in certificates
y II yield per cent interest compounded
5uarterly. The certificates will be dated
January 2, 1918, and will mature January
1923, or five years after date. The en-
me wealth and security of the United
states is behind them The tax exemp-
Ion provisions of these certificates, par
Dcularly from the standpoint of the pur
laser of smaller amounts makes the in
,estment attractive. No person may
guIchase at one time more than $4,000
worth or hold at one time more than ST. 600
70 worth of these certificates
These obligations of the United States
oilI be evidenced by stamps of two de-
aominations-a War Savings Stamp cost
ng from 81. II to 4.23 according to the
month in which purchased and having a
maturity value of $500, and Thrift
stamp costing twenty-five cents.
During December, 1917, and January,
gt8, War-Savings Stamps will be sold
'ar S412 each. At the beginning of each
f the succeeding months of 1913, start
NJ February list, the cost of a stamp
N4l increase one cent per month. All
Var Savings stamps issued during 1918
Nil mature on January 1, 1923, when
hey will be redeemed at $500 each. The
ference between the purchase price
laid at any time during 1918, and $500,
epresents the interest the government
will pay the holder.
With the first Wa--Savings STAN p
fought the purchaser will obtain without
expense a War-Savings Certificate con-
aiming spaces for twenty such stamps
f the twenty spaces are filled during
december, 1917, or January, 1918, the
ost to the purchaser will have been 81 II
'or each stamp or $82 40 for the filled
ertifcate and ON January 1, 1928, the
sovernment will redeem the certificate
at $4,000 giving the holder net profit
{ SIT 80 for the use of his money.
Thrift Stamps costing twenty-five
ents each are from time to time as pur-
hased to be affixed to Thrift Cards,
which will be supplied without cost
Thrift Stamps will not bear interest but
q Thrift card when filled at a cost of S4. 90
may be exchanged for a War-Savings
Stamps bearing interest at A per cent
7 he card in to the post office, bank or
,ther sales agency and paying the differ
snce between $500 and the current price
# a War Savings Stamp. The Thrift
stamp feature of the plan will afford an
unparalleled opportunity for the small
INVESTOR to save in order to place his or
ler money at interest with absolute
Aafety
The privilege of surren 1ering certif-
cate to the Government and receiving
The cost thereof plus interest at the rate
Of about per cent has been provided for
he convenience of those who may have
fought certificates and later on find
themselves in need of their money. 1t is
Hoped, however, that this privilege will
te exercised only in cases of necessity.
Jpon ten days written notice after jan
lary LIST next, postmasters will pay off
d certiticates at their cost to purchasers
!. Plus an increase of one cent month on
z each War Savings Stamp on the Certifi-
ate surrendered, as shown by table of
'alue appearing on the Certificate. I'm
Ter this plan it will be absolutely impos-
Slbe for a Certificate or the Stamps
'hereon to depreciate in value, nor can
here ever be any question that it is
worth the price shown thereon.
That is the story of the system under
which the sale and redemption of War
savings Certificates will operate. There
can be no technicalities to confuse, no
lhange of depreciation in value, nor any
Operations which any child who can read
and count cannot comprehend
Money derived from war savings in
'eStments will be used to meet the ex-
DenSes of the war; The greater part of