The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1917-12-05
WAR SAVINGS PLAN OUTLINED
IL. GOODWIN I.HETr, STATE d.
RECTOR, TELLS HOW MOVE
MENT WILL BE CON.
QUOTED.
TO Raise $4,000, 200, ,OOO-SOuth Car
Olina's Portion OF This Sum Is Fixed
at Thirty Million Dollars.

Columbia, Nov. 29.-R. Goodwin
Rhett, of Charleston, State director of
the war savings campaign to be inaug-
urated next Monday and to continue
through the year 1918, issued a state
ment today outlining the meaning of
the proposed thrift plan and the
method by which war savings certifi-
Gates can be secured. The certificate
he says, is nothing more than a folder
on which war saving stamps, secured
by the purchaser in his name are to
be pasted. The government is obli-
gated to pay IS for each Of these
stamps OH January 1, 1923, he claim
Ted. These stamps may be purchased
iE December and January for $4.12,
and during any other month in 1913
for one cent additional for each month
elapsed. These stamps yield the pur-
chaser per cent interest, compound
ed quarterly.
IF at any time the holder Of a GER
tificate. upon which there is one or
more stamps, desires to redeem such
certificate he can do SO at any post
office, receiving therefor the amount
he paid for such stamp and one cent
additional for each month during
which he has held it," says Mr.. Rhett
in his statement.
1t is proposed to raise two billion
dollars for the government by these
war saving certificates before the end
OF the year 1918, and South Caro-
lina's allotment, which will be under
the active management of James
O'Hear, of Charleston. will be the for
nation Of savings clubs among the
school children of the State. The fol-
lowing is Mr.. Rhett's statement:
THE campaign for war savings is
expected to place amongst the people
of the United States two billions of
dollars. 1t is in charge of a nationa,
committee, at the head of which is Mr..
r. A. Vanderlip. formerly president
OF the National City Bank of New
York. There are six federal districts.
each under the direction Of district
director. The district director for this
section of the county is Mr.. Otto
Marx, of Birmingham. who. of course
Is operating his office in Washington.
Under the district director there ar.
state directors, who are placed in
charge of the campaign in the States
and expected to effect organizations
Tor placing amongst the people of the
state an average of $40 per capita.
Mr.. Il. G. Rhett. Of Charleston, is
the State director for South Carolina.
The State director is expected to an
point a county chairman for every
county in the State, under whose III
rection the county is to be organized.
1t was meeting of these county
chairmen which was held today.
"A war savings certificate is one is
sued to the purchaser of a war savings
stamp. in his name. 1t, of course.
costs nothing, but is the folder in
which the war savings stamps are
affixed. 1t has places for twenty Of
these war savings stamps to be pasted
upon it. The war savings stamp is an
obligation of the government to pay
IS on January 1, 1923, and may be
purchased during the months of De-
cember and January for $412, ami
during any month thereafter in the
year 1918 at one cent additional foc
each month elapsed. 1t yields the pur-
chaser per cent, compounded quar-
terlyI If at any time the holder Of q
certificate, upon which there is one or
more stamps, desires to redeem such
certificate he can do so at any post.
office. receiving therefor the amount
he paid for such stamp and one cen,
additional for each month during
which he has held it.
"As an aid to the sale of these war
savings stamps, thrift stamps, costing
twenty-five cents each, are issued, to.
gether with a thrift card, which is
| issued in the name Of the purchaser Of
thrift stamp and upon which sixteen
thrift stamps must be pasted before
it can be redeemed. This redemption
is made in the shape Of a war SAVINGS
certificate. for which there is TO be
paid, in addition to the sixteen
stamps upon the thrift card. the mum
ber of cents necessary to make up the