The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-02-07

nc Soutu uOl get lOf nlmSNIt terms
as favorable as those open to the
large investor, he is in this case Of
fered terms hich are actually more
favorable. For example. the per-
son who buys Liberty Bond on the
installment plan gets no interest
until his bond Is fully paid for. Tn.
der the war savings certificate plan
he draws interes, on each unit OF
four dollars and few additional
cents. Compound interest Is not paid
on the Liberty Loan, whereas iy,or-
est on war savings certificates IS
compounded. Again, Liberty BONDS
as marketable securities, are subject
to some slight fluctuation IN value,
but war savings certificates are not,
market conditions but by law. In
this they are unique. They ar the
only government securities which tn
law says shall positively Increase In
Value. 1t is precisely because the
terms Of the war savings certificate
plan are SO peculiarly advantageous
that II was found necessary to limit
to q maximum Of one thousand dol
lars the amount Of war savings Ger
tificates which may be held BY one
individual. II there were no limit the
banks would jump at the opportun-
ity to buy the certificates in large
blocks, for they represent what Is
practically call money. >. Yes. one
can imagine Uncle Sans putting the
case to the small investor In some
such was as that"
At this juncture there arose. while
I was present. q discussion between
Mr.. vanderlip and several other
gentlemen Of the war savings certifi-
cate branch OF the Treasury Depart
ment ~ to ways and means for max
ing every man. woman and child In
the country--large numbers Of them
utterly inexperienced in the simplest
matters having to do with invest
ment--fully comprehend the plan.
One Of the gentlemen had drawn up
statement of the plan in which was
used not q little of the technical
language Of finance. and this brought
up the general question Of what un.
standing Of simple financial opera.
lions the great American public &C.
ltually has. Mr.. Vanderlip was insist
ent upon the utmost simplicity In all
statements Of the war savings GER
tificate plan. and to illustrate tht
need for simplicity told two stories
o. events which occurred in connec
ton with the placing Of the LAS
Liberty Loan.
1.-The Secretary OF the Treasury
he said. told me the other day OF
having received letter from man
who had bought a thousand dollar
Liberty Bond and wanted to know
when he had to pay the interest OF
II. Here was a good citizen. willing
not only to lend thousand dollars
to Uncle Sam. but to pay Uncle San
for taking IT."
| Perhaps the simplest statement
that can be made as to war savings
certificates is that they represent thu
finest gilt edge investment ever Of
fered in this country. Mr.. Vanderlil
says SO. He says. moreover. tina
the whole war savings certificate
plan is one of the most perfect!
rounded financial plans with which
he has ever been concerned.
When one buys his first war saw
ings stamp he Is given q cerffficat,
which bears the obligation Of tn,
United States. and upon which ther'
Is space to attach twenty five dolla
stamps. II is aimed to have thes'
stamps and certificates placed upoi
sale in banks. post offices and (;
great variety of stores. with a view
to making 1t. as Mr.. VANDERBILT ex
presses II. AS easy to save none,
as II Is to spend IT," The name o
the purchaser will be written upor
each certificate. II he loses tn,
card no one else can cash II excep
by committing forgery. In this r.
spect. therefore. the certificate I,
safer than a coupon bond. II GER
tificate IL lost and an honest person
finds II the only trouble the findel
need take Is to drop II in the near
est letter box; the address Of the
rightful owner appears upon he face
OF the certificate. and the post offic;
will return II. In the unregistered
form II can be cashed at any pos
office. but the government does not