Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1918-03-01
HEAVY SiLE55 Of
SAVINGS STAMPS
TREASURY RECEIPTS FROM THIS
SOURCE ARE RUNNING ABOUT
S11,oOO,OO0 A WEEK.
WAR CREDITS BOARD WORK

When and Why 1t Authorizes Advance
Payments to contraetors-New Com
mittee Will Mobilize Colleges for the
Training Of Troops. ..,.
From Committee on Public 1nformation.)
. Washington. - Treasury receipts
from the sale Of War-Savings stamps
are running at the rate Of 1900, O0O
q week. Savings bank deposits In the
last few years have been increasing al
the rate of 100000 business day
Treasury receipts show the American
people are putting their small savings
at the service of the nation through
War Savings stamps at rate fur in
excess of prewar savings bank accumu'
lations.
Two billion dollars of war-savings
securities will be issued. If these are
all sold this year the treasury will re-
ceive about 81 100000, and at the
end of five years the government will
repay the loan together with 1920. OO0,'
600 in interest.
A statement prepared by the war
credits board includes the following
explanation Of its functions and activi-
ties:
when q concern that has contract
with the war department for supplies
has shown the board that 1t needs f1nan-
cial assistance and has been able to
comply with the act by giving adequate
security, the board has approved an ad-
vance payment and the money has been
received; in many instances where the
case was urgent the money has been
paid over to the contractor the same
day the application has been fled.
However. the board does not act in
any sense as a bank. 1t is only when
the manufacturer Us reaeled q point
where financial assistance is needed, in
addition to his banking lines. that ap-
plication for advance payment for his
goods is considered favorably by the
board" .....
Between the time of it's creation in
November and January "a the board
approved advances to contractors to.
falling $145, 900.
It is estimated that within the next
six months $4,000 to 100000 men will
be given intensive military training in
schools and colleges. They will be
drawn from the armed forces of the
nation, men now in training camps or
about to be called, and registrants
under the selective service law.
With a view to mobilizing the educa-
tional institutions of the country for
this special training there has been
created in the war department q "coE-
mittee on education and special train
ing" 1t will encourage and arrange
for the technical education of men
needed by the several branches of the |
army.
A "War Cyclopedia," providing the
public with information on the great |
war In the form of handbook, is the |
latest publication issued by the COM
mittee on public information.
The salient facts Of the war are
briefly stated In alphabetical form in
800 pages. The cyclopedia also con-
tains chronology of outstanding
events ranging from the murder at
Serajevo Of the Archduke Francis Fer
dinand, June %, 1914, to the British
national labor conferences approval Of
President Wilson's war aims, December
%, 1917.
The volume may be obtained by ad-
dressing the Committee of Public In
formation, 10 Jackson place. Washing
ton, D. c., and inclosing 25 cents to
cover cost Of printing.
While figures are not vet available
~ the proportionate number OF 81 and
So smileage books being purchased for
use by men at the camps and canton
ments, the commission on training
camp activities, in charge OF the sale,
states that there has been unexpected
demand for the larger books. Smileage
books selling for 81 contain 20 coupons
good for admission to camp entertain
ments; books selling for IS contain 100
coupons.
From two to five coupons are re-
luired for admission to Liberty thea
ters at the camps, although many of
The productions are of the class which
command 81 prices in metropolitan
houses.
Plans for the aerial mail route be-
.Ween Washington, Philadelphia and
New York contemplate the use of ma
hines capable Of carrying 300 pounds
# mail distance of 200 miles without
'top. A special postage rate would be
'harged not exceeding 25 cents an
ounce.