The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1919-01-30

RESPONSE TO GOVERNMENTS
REQUEST FOR PURCHASE OF
SECURITIES ASKED
VS.. s. ARE BIG IMPORTANT FEATURES
Treasury Department Anxious That
w Billion Dollars Worth Be
Sold This Year

S~
The immediate response of the pub.
lie when the 1919 issue Of War Saw
ings Stamps was placed on sale this
week indicates that the Ninth Federal
Reserve District is to make as whole
hearted a response to the treasury de-
partment's call for investment in these
securities as it has made in each of
the four campaigns for selling Liberty
Bonds.
Calling attention to the regulations
under which the new issue of the
stamps are placed on sale both A. r.
Rogers, chairman of the central com.
mittee for the Ninth district, and John
II. Meyering, director of organization
in the Government Savings Stamp di.
vision, have emphasized the import
ant part the stamps are to play in
meeting the call Of the United States
to Finish the Job"
That the treasury department plans
to sell $4,000, 900 900 worth of War
Savings Stamps in 1919. doubling the
1918 sales Of just about 81, 000, 00O, 900
has been announced by the treasury.
In Minneapolis, st. Paul and many
other cities the new stamps went on
sale January End, in postofices, banks,
department stores and elsewhere. AS
rapidly as distribution can be carried
out the stamps will be sent to every
postmaster, banker and other accred-
tied agent in every county through
out the states of the Ninth Federal
district.
Coordinated with the issue of the
1919 series, leaders In government
financing activities in the Ninth dis
trict made these brief appeals to all
citizens of the six states:
A.. r. Rogers, Chairman Central
Committee: Dollars which are in
vested in government Savings Stamps
today represent savings which make
the owner a better citizen, help the
government carry out it's program of
world help, increase the prosperity OF
the entire northwest and-on top of
all this-will come back to the invest
or in 1924 increased by from Is to Fl
per cent depending on the time Of
purchase. The opportunity has never
been equalled.
Theodore Void, Governor, Mime
apolis Federal Reserve Bank: 81
want to ask, personally, that every
resident of the Ninth Federal Reserve
district who made a pledge to buy
government Wan Savings Stamps of
the 1918 issue and did not redeem it
go at once and buy enough stamps
Of the 1919 issue to make the pledge
good. The saving will be greatly to
his personal ADVANCE and at the same
time each buyer will be escaping a
great misfortune, that Of the person
who gives his word and then fails to
keep it,"
John II. Meyering of the Wal Saw
ings Stamp Division: my appeal is
for the person who has had the good
sense and patriotism to buy Govern
ment Savings Stamps to hang onto
those stamps. Don't cash them in.
The one who does that is losing what
he has saved, nearly all of the inter
est advantage of his investment and
instead of helping the government is
actually %hindering it, putting the
treasury department to the costly ne
cessity OF first selling and then buy
ing back. Hold the stamps and get
the benefit"
Mr.. Rogers, as chairman of the e
trail Committee, which will handle
both Liberty Loan and Government
Savings Stamps sales in the Ninth
Federal Reserve district, has outlined
the condition of sale and details of
the 1918 issue Of Government Savings
Stamps as follows:
In Zach month of 1919 Government
Savings Stamps will be sold at the
same price as they commanded in the
corresponding month of 1918. The
stamps bought in 1919. however, will
mature January /, 1924, one year later
than the 1913 series which is payable
January /, 1923. This brings inter
est on the stamps on exactly the same
basis as the 1913 issue. Beginning
with a price of SAP during the pres
ent month the stamps will cost one
cent more each month until Deem
Der, 1919, when the price will be $4.2a.
The twenty-five cent Thrift Stamps
will be sold under the same conditions
as in 1918 and will be identical with
the 1913 Thrift Stamps Books of Is
Thrift Stamps will be exchangable for
the government "baby bonds" as pre-
viously on payment OF the few cents
difference between the face value Of
1.-THE IS Thrift stamps ($4OOll and the
value OF : Government Savings STAMP
In any month. 4
tCoakip0ied on Pass n1
M