The twice-a-week Twin Falls times. (Twin Falls, Idaho) 1916-1918, 1917-11-15
Hawley State Head
on War Certificates
New Method OF Saving Handled by
POstOffice, Banks and Other Insti-
buttons Inaugurated.

WASHINGTON, Nov. 15.-Former
Governor James H. Hawley, of Boise,
Idaho, has been appointed by Secre-
tary of the Treasury McAdoo as state
director for the proposed war saving
certificates campaign Directors for
each state have been called here for
conference. The following statement
regarding the certificates has been
made public:
Investment in war saving certifi-
Gates Will be as simple as the pur-
chase of postage stamps under a plan
announced yesterday by Secretary
McAdoo for the nationwide certifi-
cate sales campaign which he will in
augurate on Monday, December 3rd,
with the assistance of the war savings
committee which he has created, con
sisting of Frank A. Vanderlip, of New
York, chairman; Mrs. George Bass, of
Chicago; Frederic Delane, of Chica-
co. Henry Ford, of Detroit; Eugene
Meyer, Jr., of New York and Charles
L. Baine, of Boston.
Any person may invest amounts as
small as twenty-five cents at a time
at postoffices, banks or trust com
panies, at most railroad stations,
stores and factories and at many other
public places where accredited per-
sons will act as authorized selling
agents. After the sales begin the GER
tificates may be purchased at any
time. At the average 1918 selling
price such investments in certificates
will yield 4 per cent interest COM
pounded quarterly. The certificates
will be dated January 2, 1918, and
will mature January l, 1928, or five
years after date. The entire wealth
and security of the United States is
behind them.
The tax exemption provisions of
these certificates, particularly from
the standpoint of the purchaser of
smaller amounts, makes the invest
ment attractive. No person may pur-
chase at one time more than $4,000
worth or hold at one time more than
100000 worth of these certificates.
These obligations of the United
States will be evidenced by stamps of
two denominations war saving
stamp costing from SAP to S4.25 ac-
cording to the month in which pur-
chased and having a maturity value
of $500, and a Thrift Stamp costing
! lWtulJ live ttHtS.
During December 1917, and Janu-
airy 1918, war saving stamps will be
sold for SAP each. At the beginning
of each of the succeeding months OF
1918, starting February l, the cost of
a stamp will increase one cent per
month. All war saving stamps issued
during 1918 will mature on January 1,
1928, when they will be redeemed at
$500 each.
The difference between the purchase
price paid at any time during 1918,
and $500, represents the interest the
government will pay the holder.
With the first war saving stamp
bought the purchaser will obtain
without expense war saving certifi-
cate containing spaces for twenty such
stamps. If the twenty spaces are
filled during December, 1917, or jan
uary, 1918, the cost to the purchaser
will have been $4.12 for each stamp or
$S2.40 for the filled certificate and on
January l, 1928 the government will
redeem the certificate at $4,000, Civ
ing the holder net profit of $1760 for
the use of his money.
Thrift stamps costing twenty-five
cents each are from time to time as
purchased to be affixed to Thrift
cards, which will be supplied without
cost. Thrift stamps will not bear in
terest but a Thrift card when filled
at a cost of $500 may be exchanged
for war saving stamp bearing inter