Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1917-11-29
WAR SAVINGS STAMPS
May BE Bought At Local Postofice Mon
day, December 3.

May he Bought At Local Postofice Mon |
day, December 3.
The opportunity to buy war-savings
stamps, or, in other words, the oppor-
tunity to purchase treasury war-savings
certificates and thrift stamps will be of
fered to the public at the local postoffice
on Monday, December 8, according to
word received in this city from Secretary
McAdoo.
Investment in these war-savings GER
tif1cates. the smallest denomination Of
which will be 25 cents. will be as simple
as the purchase Of postage stamps.
According to the secretary's plan, which
is to reach every postofflce throughout
the country before the opening of the
campaign, any person may invest amounts
as small as Is cents at a time at post
offices, banks, or trust companies, at
most railroad stations, stores and fac
tories, and at many other public places
where accredited persons will act as au-
thorized selling agents.
After the sales begin the certificates
may be purchased at any time. At the
average 1918 selling price such investments
In certificates will yield four per cent in
terest. The certificates will be dated JAM
uary Q, 1918. and will mature January 1,
1923, or FIVE years after date. The en-
tire wealth and security Of the United
States is behind them.
The tax exemption provisions of these
certificates. particularly from the stand
point Of the purchaser of smaller
amounts, makes the investment attrac-
+, tive. No person may purchase at one
time more than 500 worth or hold at one
/ time more than 1000 worth.
These obligations Of the United States
| will be evidenced by stamps of two de-
nominations-a war-savings stamp cost
| Ing from A12 to A.23. according to the
! month in which 1t is purchased, and hav-
ing a maturity value Of S., and a thrift
stamp costing Is cents.
| During December, 1917, and January,
1918, war-savings stamps will be sold for
$.12 each. At the beginning of the sue
| ceeding months of 1913 starting February
| /, 1918, the cost of a stamp will increase
one cent per month. All war savings
stamps issued during 1913 will mature on
January 1. 1923. when they will be re-
| deemed at IS EACH The difference be-
tween the purchase price paid at any
| time during 1918 and IS represents the in
terest the government will pay the hold
| er.
With the first war-savinks stamp bought
the purchaser will obtain without ex-
pense a war-savings certificate contain
ing spaces for 20 such stamps. If the 20
spaces are filled during December 1917
or January 1918. the cost to the purchaser
will have been $.12 for each stamp OF
$3.50 for the filled certificate, and or
January 1. 1923. the government will re.
deem the certificate at 500, giving the
holder a net profit Of $3.50 for the use OF
his money.
Thrift stamps costing Is cents each are
from time to time as purchased to be af
fixed to thrift cards. which will be sup
piled without cost. Thrift stamps will
not bear interest, but a thrift card wher
filled at cost Of "a may be exchanged
for a war-savings stamp bearing interes
at four per cent, compounded quarterly
, merely by turning the card into the post
ONCE. bank or other sales agency, ant
paying the difference between 81 and tn
current price Of war-savings stamp
; The thrift stamp feature Of the plan will
!. AFFORD an unparalleled opportunity fol
the small investor to save in order te
place his or her money at interest with
> absolute safety.
The privilege Of surrendering a certif
cate to the government and receiving thu
cost thereof plus interest at the rate o.
about three per cent. has been provided
for the convenience of those who ma!
have bought certificates and later on fint
themselves in need Of their money. 1t Il
} hoped. however. that this privilege viii
be exercised only in cases Of necessity
Upon 10 days written notice after Janu
airy next postmasters will pay of Ger
tincates at their cost to purchasers, plu
! an increase Of one cent month on eacl
: war-savngs stamp on the certificate sur
! rendered, as shown by a table of valu
! appearing on the certificate.