The Belding banner-news. (Belding, Mich.) 1918-1973, 1919-11-12
!. S. ADVISES
FARMERS BEST
way TO INVEST
Transisr Of Liberty Bonds Held
BY Banks Urged as Aid
10 Cut H. C. L.

Through the State Agricultural col
ieges Of the Seventh district. as well
a the other districts OF the country.
the savings division Of the treasury
department Is starting campaign 20
promote savings and investment in
government securities. especially for
the benefit OF the farmer. In letter
20 the State Agricultural colleges Ben
jamin II. Andrews. vice director OF the
savings division. said in part:
The treasury department Is Offer
ING Thrift and War Savings stamps.
500 and $1,000 Treasury Savings GER
ti6cates (war Savings stamps In
larger denominationsl. and Treasury
Certificates OF Indebtedness. Ii Is also
urging the transfer to private invest
ors OF the Liberty bonds still held by
banks. which, as the federal reserve
board has. pointed out. by reducing the
Inflated credit situation will be one ef-
tecsive factor for checking rising
prices
The farmers OF the country took
their full share In the war loans and
for the nrst time became generally in
veStors in securities. The problem
arises Can they TO their own advantage
continue 20 invest money In securities.
and If SO. what form shall the invest
ment tsket A leading rural economist
recently pointed out that the farmers
could not do better than place their
surplus funds In Liberty bonds. From
10 Tn q
against the danger in rising land
prices which are in part due TO the In
ve<tment Of the farmers surplus in
land which he does not intend TO cul-
fivate. but to rent or sell again.
The government is interested in
promoting the holding OF Liberty
bonds. in preventing fraudulent prac-
does by Liberty bond manipulators.
and IN continuing the flow OF money
into Liberty bonds and other govern
menf securities
Following are the chief points the
treasury department wishes 10 be
brought 70 the attention OF people in
rural districts:
Possible investments for farmer:
Cal Re-investment in his own farming
desirable as long as more capital can
oe prcrtsbly employed: Cb) land mort
gsges-Ssfe but not readily converti-
be % cash or convenient as collateral
Ter temporary hank loans: (c) per
scnsl notes-risky: (d) shares of
sscck-speculative and risky. farmer
nct In position TO have special knowl-
4re: te) government securities. alb
solutsiy safe as 70 principal and In
tsrest--no question as 10 prior claims.
always marketable or redeemable.
Government securities now avail
able: s. War Savings stamps and
400 and $1,000 Treasury Savings GER
tincstes. maturing January 1. 1924. re-
deenxhle On demand sooner. paying 4
per cent compound interest: Treasury
Certificates Of Indebtedness, $500 up.
running for a few months with inter
est NJ 81 per cent and AZ per cent:
Liberty bonds and Victory notes, $50
M purchaSahle in open market
through local hanks. CHARACTERISTICS
q these different securities-bonds es-
rectslly desirable as collateral for tenn
pcrary loans at banks.
meet Of government investment:
tal Increasing saving fund OF the
ccuntrys the dollar put into govern
ncnt securities releases a banking
dollar (h) expansion OF business and
trade eject On foreign trade especial
" important 20 farmer as the extern
sion OF credits abroad Is the sole way
~ making possible the sale OF farm
products abroad: Increasing capital
available for AGRICULTURE lc) high cost
of living situation. since increased pro-
dncstcn and saving are the two funda-
mental cures for rising prices and in
vesfnent in government securities pro-
vstss ecths "a, rural land speculation
crare-aided BY farmer who puts his
surplus into farm lands for leasing or
ssies checked by government invest
neat eject az speculation on future
farming.
Holding your government securities
u rood citizenShip-- why. The gov
errnent Is still borrowing funds.
Farmer now q mark for fraudulent
stock operators. Liberty bond scalpers.
How check fr1rdf