The Washington times., 1917-11-14
M'ADOO OUTLINES
THRIFT STAMPS
ITO NEWSPAPERMEN

o. War savings certificates and thrift
= stamps are to be issued by the
Treasury December 3.
These certificates and stamps will
permit every person who was unable
to buy a Liberty bond to loan even
the scantiest savings to Uncle Sam to
help win the war.
The war savings certificates are to
be in S5 denominations. The thrift
stamps will sell for rs cents each.
They can be converted fntc certificates
been acquired.
Issuance Of $4,000. 900 in certih-
Gates has been authorized by Con
gress. When they are offered the
!, public December the war savings GER
q tifcates will sell for S4.12 each. They
are redeemable in fve years for -,
giving the holder per cent INTEREST
compounded quarterly. The certificates
are tax free to small holders, and 1t
Is expressly provided that one person
may not purchase more than $1,000
worth.
F. RedeemabIe In 1873
As all OF the certificates mature, or
are redeemable January 1, 1928, the
month each month after December to
onset the interest rate.
= The thrift stamps are like postal
savings stamps. They are to be
pasted on a card until sixteen are &C
quired, representing 81 Then they
can be converted into a certificate by
payment Of the difference between the
81 and the amount in cents OF the
price OF the certificate for the month
of issuance.
Details OF the war savings certih-
{ cate and thrift stamp issues were ex-
: planned by Secretary McAdoo and
Prank A vanderlIp. head OF the war
savings committee, In speeches be-
fore members Of the Press Club last
night. Formal announcement Of the
Forthcoming issue was made by the
Treasury Department today.
Secretary McA6oo and his volunteer
assistant outlined to the newspaper
men the gigantic task OF war financ-
ing facing the country today.
Secretary McAdUo urged the neces-
sity OF unanimity OF counsel and &C
ton in the crisis, and he was warmly
5applaudsd by the hundreds of active
newspaper men who crowded the
club.
'-r On Sale sfEveFywhere.7
thrift stamps will be on sale at ev-
cry one OF the D :stal stations Of the
United States, and at stores and
banks They will re made available
TO every citizen Of the country. The
provisions for their Issuance are so
simple that a ,rhld can understand
them.
They will not have to be sent to
the Treasury to be redeemed When
they mature the S5 for each certificate
can be collected at any money order
postoffice OF the United States.
. Persons who put their small saw
ings in the issue and then need the
money. can withdraw the amount put
in plus per cent interest At any
time that the exigencies OF life neces-
sitate Withdrawal OF their savings.
First Mortgage on U. s.
- Like Liberty bonds, the Ger .ificates
are obligations of the Government,
and are a first mortgage on the United
States and everything in IT. They
offer q nne investment opportunity to
the man without & large income.
The certificates are not transfer |
able, but must be redeemed by the ,
owner. They may be registered at |
any postoffice IL the purchaser fears |
that they may be lost or burned up.
In case they are registered, however, 1
they can only be redeemed at the I
ofhce OF registration Otherwise they !
can be cashed at any postoffice on |
ten days notice.
- The certificates very much resemble |
= Liberty bond, and the name OF each :
purchaser Is recorded by the Treasury. /
putting them on a roll OF honor as /
patriots.
Each So certificate Is represented by
q big stamp, to be pasted on the GER /
dncate which will accommodate
twenty such stamps, giving It a full |
value Of 500.
8, Money derived from war savings
certificates will be used to meet the |
expenses Of the war. The greater part
of these funds will be spent in the
United States, SO that the money will 4
70 back to the people who have loan
ed 1t to help win the war for
ADNERTISEMENT