Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-11-15
M'ADAMS IS NAMED
STATE CHAIRMAN
Will Direct Campaign in Vir-
ginia for Sale of Thrift
Stamps.
POPULAR CHRISTMAS GIFTS
Government Plans to Raise ST.
100000, O,000-Amount of First
Liberty Loan in This Way.

Colonel Thomas r. McAdams. vice
president OF the Merchants National
Bank. and ono Of the most prominent
bankers in Virgi inia and the Fifth
Federal Reserve District, was named
yesterday to direct the campaign in
Virginia for the sale Of thrift stamps.
war savings stamps and war savings
certificates, through which the govern
mcnt expects to raise within a year
$1,000, 200. .000-the amount of the first
Liberty loan bond issue. Colonel Nc
Adams left Immediately for washing
ton. where the State directors will
have their first conference this morn
ing with Treasury Department officials
over details in the campaign.
All State directors were appointed
yesterday, Virginia being included in
tho Fourth District. which embraces all
the territory comprising the Fifth and
Sixth Federal Reserve Districts. Otto
Marx, Birmingham m business man, was
named general directors for the dis
trict embracing the Southeastern States.
Directors OF the campaign in these
States were named as follows:
Alabama = Crawford Johnson. OF
Birmingham.
I.ouisiana-P. II. Saunders, OF New
Orleans.
Observation-Disclosures Broach. of Me
ridian.
North Carolina-F. II. Fries. Of Win
ston Salem.
South Carolina-R. G. Rhett, OF
Charleston.
Tennessee-E. II. Preston, Of Chatta-
nooga.
District of Coiumbia-p. J. Callahan,
uf Washington.
Maryland-Robert Grain, Of Balti-
more.
MAKE CERTIFICATES
POPULAR CHRIsTMAS GIFTS
District directors will work in direc,
conjunction with the War Savings Com
Init,ce. which was created by Score
iary OF the Treasury McAdoo to con-
duet the campaign for the sale of the
stamps and certificates. State direc-
tors viii direct the campaign under the
supervision OF the district directors.
and will probably name working com
matter OF conjecture, however. since
no definite plans have been worked out
as yet.
At the first conference to-day in
Washington with officials OF the Treas
ury Department, the State directors
vii! formulate plans by which they cx-
pect TO make war savings certificates or
stamps the most popular Christmas gift
throughout the country.
Frank A. Nandcrlip, chairman OF the
committee. will tell the directors that
it Is important TO conduct an intensive
campaign in every State during the
holiday season, and for at least one
month afterward, to start the war saw
ings habit, frosn which the government
hopes to reap loans aggrcgating $1,000
10000 within ono year.
Although the campaign will not he
formally opened until December 3.
posters and other advertising matter
will be displayed in every locality with
in the next ten days. The State di-
rectors have less than three weeks in
which to organize their forces, select
advisory committees and designate the
multitude of places where the thrift
savings stamps are to be placed on
sale
WILL. TELL OF SIMILAR
PLAN IN GREAT BRITAIN
The State directors will be addressed
to-day at their first conference by Mr..
: Nandcrlip. Secretary McAdoo, postmas-
ter-Gcneral Burleson and Basil L.
Blackett. of the British Treasury, who
has directed similar war savings plan
in England.
PoFN ;,l,
McAdams said that he expected to re-
main in Washing ton for several days.
and probably would not return TO this
city before Saturday or Monday The
campaign In Virginia will be started
Immediately on his return. He said
that his plan of action was as yet in
definite. and he could make no an
nouncement as yet. pending the confer
cnces arranged in Washington.
The new financing plan of the gov
crnment. as announced Tuesday night.
provides for the sale Of stamps, and
any person may invest amounts as
small as 25 cents at time at poSt-
offices. banks, trust companies most
railroad stations. stores. factories and
many other pubic places. Once the
campaign begins, stamps may be pur-
chased at any time. Tho certificates
viii be dated January ., 1918, and
mature in five years.
These obligations will be evidenced
by stamps Of two denominations. a
thrift -tamp costing 20 cents, and a
war savings stamp. costing from s4.12
10 $4.23, according to the month in
which they are purchased. having a
maturity value Of s.. The thrift stamp
will purchase a war savings stamp. and
a war savings stamp war savings
certificate. The certificate will havo
maturity value of 500, and il pur-
chased during December, 1917, or jan
uary, 1918. will cost only sS2.40, Civ
ing the holder a net profit of Sl7.60 for
the use of his money. AS the date Of
maturity approaches. the price of the
stamps will be aG:anced cent per
month for the next year. The invest
4 mont will yie!d the purchaser per
cent interest.