The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1917-12-14
HELPING THE GOVERNMENT.

A little while ago we had a cam.
paign for the sale of Liberty Bonds
BY which we loaned our money tc
the Government for the prosecution
of the war. The people who could
invest fifty dollars, or more, made
the investment in order to assist
the army and navy in the struggle
in which they are engaged.
There are a great many people
as patriotic as those who subscribed
to the Liberty Bonds who would
be glad to do their bit to assist the
Government but who were not able
to advance the necessary money to
buy even a fifty dollar bond. The
Government recognizes I this fact
and in order to give these people a
chance to become copart-ners with
Il in the war has inaugurated an
other plan by which persons having
rs little as twenty-five cents at a
time to invest may become creditors
of the Government, contribute their
part to uphold it in its undertake
ings and at the same time be as
loyal as others who have done more.
The plan to which we refer is the
plan of selling War Savings Stamps.
These stamps are in two denomina-
tions, the one is twenty-five cent
stamp, known as the Thrift Stamp,
one or more of these stamps may
be purchased at a time. When one
is purchased a Thrift card is given
upon which the stamp is pasted.
On these cards are spaces for six
teen stamps in all, making four
dollars. If a person invests only
Csc per week, in sixteen weeks four
dollars will have been saved in this
way.
When the Thrift card is full you
may exchange it for War Savings
Stamp in the manner below stated.
A War Savings Stamp is the
promise of the Government to pay
tn the bearer or owner $500 on
January 1st, 1928. These stamps
will sell for from $4.12 now to
$4.23 at the end of the year 1918.
The Thrift card with the sixteen
stamps may be exchanged for one
of these War Savings Stamps by
paying the difference between four
dollars and the price of the War
Savings Stamp in the particular
month in which the transaction is
had. If the exchange is made dur
ing the present month the Thrift
Card, with it's sixteen stamps, and
twelve cents more would purchase
a five dollar War Savings Stamp
payable on the date stated. The
difference between $4.12, or the
amount which may be paid, and the
$500 payable by the Government
January 1st, 1928, represents in
terest compounded quarterly at the
rate of four per cent per annum.
The War Savings Stamps is
promise of the Government to pay
the amount represented by it at the
date stated. 1t has behind it the
entire resources of the Government
and people of the United States
with it's enormous taxing power, the
greatest security in the world. 1t
Is a better investment than the Lib
ert Bond for the. reason that the
interest is not paid out in small
amounts and spent but accumu-
lates and comes back to the inves-
tor in. one sum. By investing ss2.-
40 in these stamps between Dec
smber 8, 1917 and January s1st,
1913, the purchaser or investor has
a profit of s17.6O and receives the
principal and interest at the date
of maturity.
Of course these stamps have
been provided by the Government
for the purpose of raising money
for the conduct of the war. They
are not intended primarily to fur
nisn the people saving investment
nor to encourage thrift among the
people of the United States. But
po better scheme has been yet
thought out to so encourage the