The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1917-12-07
War Stamps Are Now On
Sale In This City
FUND FOR THE BIG ARMY
Also Sums Will Be Used To
NJ, Purchase the Necessary
Equipment
From Tuesdays Daily.

From Tuesdays Daily.
Buy war savings stamps with thu
money you would have spent foolishl!
this month and let it earn interest In
stead of giving useless presents or
Christmas, give war savings stamps.
This is the appeal of the United
States government which offers the
stamps for sale at postoffices of the
city. Later they will be sold in banks
schools, railroad stations, stores, ant
numerous accredited agencies.
The sale of the stamps gives every
one an opportunity to invest his saw
ings, whether they be more than p
cents, in loans to the government
The money will be spent in this
country, to buy food and equipment fol
soldiers. Persons who were unable tc
buy Liberty bonds can now fulfill
their desire to help the government by
purchasing these securities.
Two denominations of stamps will
be sold. There will be a war savings
stamp to cost S412 during December
and January. In five years, on jan
uary 1, 1923, the stamp will be worth
S. and the government will pay you
this amount for it at that time. When
the first war savings stamp is bought
the purchaser will obtain, without eX-
pense, war savings certificate. This
is in the form of card containing
spaces for twenty stamps.
Exchange Can Be Made.
The other denomination will be a
thrift stamp costing 25 cents. AS they
are purchased from time to time they
will be affixed to thrift cards which
will be supplied without cost. A thrift
card. which bears twenty thrift stamps
may be exchange for war savings
certificates.
After the first of February, 1918
the cost of the war savings stamps
will increase one cent month. A
stamp, therefore, which costs $4.12
during December, 1917, and January
1918, will cost Sab in February,
1918, and $414 in March, 1918, and
so on.
If, during December and January,
a person fills all the spaces on a war
savings certificate by buying twenty
stamps, at $412 each, the stamps will
have cost him $82.40. After five years
the government will redeem this
certificate for 500, giving the buyer
a profit of $17.60 for the use of his
money.
The thrift stamps, costing quarter
each, will not bear interest When a
thrift card is filled out, at a cost of 81
however, the buyer may convert the
thrift stamps into a war savings
stamp by turning them into any post
office or agent and paying the differ
ence between the 81 and the current
price of the stamp.
Better For Small Investor.
The war saings certificates are de-
clared to be even more advantageous
to the small investor than Liberty
bonds If holder of stamps finds
later on that he needs the money he
can have them exchanged for cash.
When he turns them in he will re-
ceive interest at the rate of about
three per cent.
Postmasters have been instructed
to redeem the stamps after January
1, on ten days notice given by the
purchaser. Government officials have
asked, however, that the privilege OF
surrendering the certificates will be
exercised only in case of necessity.
Depreciation of value in stamps
will be absolutely impossible under
the war savings certificate system
for the government guarantees to pay
certificates at their cost to purchas-
ers plus an increase of one cent a
month on each war savings stamp on
the certificate surrendered.
Stamps should be bought out OF
money saved from time to time and
not from money in savings banks OF
money on deposit in commercial
banks. Purchase of stamps out OF
money already saved, does not create
any new money available for use oil
the government.
One of the most desirable features
of the war savings certificates issue
from the standpoint of the govern
ment is that their purchase will Gre
ate new funds for the government
use. Their purchase will reduce in
flation of the currency and will tend
to keep down the prices of necessi-
ties of life.
Rogers to Direct Sale.
The sale of stamps will be directed
In Minnesota by Arthur R. Rogers
who was manager of the second Lib
erty loan campaign in the Ninth dis
trict. He hopes to build up an organ.
ization through the appointment o
county chairmen and committees il
towns and cities in the state, tina
will make the stamps available tt
every person in Minnesota. Merchan.
disc stores throughout the state will
be urged to sell the stamps.
After the sale is under way thu
government will help organize hun
dreds of thrift societies Throughout
the state to create rivalry in the buy
ing of the stamps. Two or more per
sons may form such a society, &C
cording to official instructions. The,
will obtain a charter to sell stamp
from the secretary of the treasury
Such societies will be organized il
stores, factories, schools, shops, an,
places where large numbers of per
sons are employed Thrift societie
will also be formed among neighbor
hood groups.
Later in the campaign badges will
be distributed to members of tn
thrift societies, according to tn
plans. A member securing ten o
more new members, each of whom
has acquired a war savings certificate