New Britain herald., 1917-12-27

on sale in many places of business about the city. But do not wait be- fore buying a Thrift Stamp. Go to your bank at once and start this big savings campaign, which is to help win this war. Your banker will be pleased to explain any details regard ing the issuing of the stamps. Noah Lucas, assistant treasurer of the Saw ings Bank of New Britain, is on the committee, which has charge of the sale of the stamps in the banks, and he has designated a representative in each bank to have charge of the sale of the stamps. All the banks in the city are back of this campaign and are giving it the same splendid CO., operation which they did the Liberty Bond sales. There is not penny in it for the: banks, and they are prompt ed in this work solely by patriotic motives. It is a time when every body is expected to turn in and do all he can and then some more for his country.
 State and City Treasurer Frederick $. Chamberlain, who is recognized as one of Connecticut's foremost bankers. is giving his valuable time in pushing this campaign. He was interviewed today about the attitude of the banks to this campaign and he said:
 The War Saving Certificates and Thrift Stamps, which are vjust begin ming to be issued by the government. offer the most convenient and safest manner of saving money, think, ever devised and when people become fa- miliar with it's advantages the in- come to the government from this source will be enormous. It is hoped to raise during the year of 1918 the sum of two billion dollars from this source. which was the amount of the First Liberty loan.
 "All the banks of the city have both the War Savings Certificates and Thrift Stamps for sale over their counters. The banks are, of course, doing this without profit to them selves, but are glad to do so from a sense of duty to the government, and also for the effect the sale may have in the establishment of habits of thrift among the general public of the community
 'The ownership of over $1,00O in War Savings Certificates is prohibited by law, thus providing against the certificates falling into the hands of the very rich, as they are tax exempt and the interest on them compounds. A certificate bought and held until January, 1923, will net the purchaser four per cent. compound interest. Should he desire earlier to realize on this certificate, it may be cashed at 8 post office upon ten days notice at price which will net three per cent. interest. They are much more de- sira ble for this and many other req sons for the small investor than are Liberty Bonds. The Liberty Bonds may be lost or stolen while these cer- tifcates are not negotiable except by the owner and really are similar obligation to the governments check. and the market value of them cannot fluctuate.
 Any details regarding these stamps will be gladly explained at the post office or any of the local banks, and the banks will be glad to assist in urging saving in this way"
 The work cut out for New Britain therefore is the purchase of $1,2OO, 900 worth of these stamps. New Britain can be depended upon to respond to this call in the way she has to every other call, which has gone forth to win this war