Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-06-05
WAR SAVINGS
STAMPS WORK
BIG FEATURE
Much Already Has Been Ac-
csornnpllished County Gets
Ready for .s Drive.
lBy NC. BAchelleE Grand Forks
s5SS County Director sler ". s. S.

E3S9 M Fl S9ac0ySl -
War savings stamps and Thrift
Stamps are in . measure, official rec
oEnihon OF sui national sin, "extrava-
gance.1";, Very early In the war it was
discovered. that we as a. nation, are
Hvins. closer to the thread line" than
was ever supported. Something was
Ing OF small amounts for useless and
trivial things thereby releasing capi-
tai, labor, equipment and material for
actual needs Of war program and
our daily life and at the same time
give h average American of all ages
an easy way departing with his small
amounts. @fI
War Savings Stamps were the means
selected. and authority to issue not
more than $4,000. 600, 900, maturity
value was granted by congress and
approved September "a, 1917. The
ease with which the measure was
passed may be explained by the fact
that many agencies approved the issue
OF small bonds when the first Liberty
Loan was under discussion on the
ground that those who would be un-
able to purchase even fifty dollar
bonds could buy in small amounts,
The Ave dollar War Savings Stamp
selling In December and January al
$4.12 was Immediately christened the
Baby Bond" and the work Of selling
two billion dollars worth was started,
1t should be Unnecessary at this
time to go much into detail with re.
gard to the stamps. They are a guar
anteed government security, the oni,
one issued so far. The price at ma.
turity and for every month before
maturity Is absolutely guaranteed. II
carried to maturity the War Saving.
STAMPS or large, stamp. will yield, ap.
proMmately four per sent compound,
eds9auarterly. : II cashed before ma.
turity they yield about three per cent
The present issue will. mature or
January 1, 1923. The small stan: u:
or Thrift Stamps bear no Interest am
are only for the purpose of making i
easier to sell the War Savings Stam1
or Baby Bond.
charge Of the National War Saving,
committee of which Mr.. Frank A
Vanderlip is chairman and the com
mittee itself works under authortt,
from the secretary Of the treasury
The federal reserve banks and ever,
postofftce in the country were in,nle
!diately impressed into the service an,
made official Agencies for the 5distri
button and sale Of the new govern
rnent security. Within 4 few month
thousands Of other agencies wer,
placed in. banks. stores, factories, rail
road offices and in fact every plac,
where people could be reached an,
stamps sold.
In spite of all this work. sales di,
not meet expectations. The issue o
two billion dollars Is on a basis of an
proxtmately twenty dollars per capt.,
for h entire country. Stamps hav
recently been selling at the rate. O
about two million dollars 8, day bu
even that amount would fall far shor
Of the grand total authorized and t
be subscribed. =. . i
New selling plans were devise3a an,
soon thousands of War Savings so
cieties were organized whose member
were pledged to buy stamps and re
frain from wasteful spending o
money The campaign ran into Ma,
with sales increasing and the stam]
idea becoming more popular. ever
day. but 1t seemed hardly possible t
put the full amount across.
Then came Nebraska Mr.. w. M
Burgess, the state director at Omaha
put on a drive and in one day secure,
over. n million pledges the amour
so sold, giving that state it's full quot
!. of twenty dollars per capita. In Apr
the state had paid IN oVe $11.50 pc
capita. Then things began to pic
up in the National War Savings com
mittee and It went to work with nev
vigor and began to send out the wa
cry, What Nebraska can Do tn
TOthers Can Do"