The Bridgeport times and evening farmer., 1919-08-04
GOVT ISSUES NEW TREASURY
 CERTIFICATES
Will Be on Sale in Incor- porated Banks and Trust
 Companies.

Bridgeport, Aug. 4. The new Treasury Savings Certificates in de- nominations of S100 to s1.o00, ma turity values, issued by the United States Treasury to extend the govern ment thrift movement into the field of larger investors, will be on sale in Connecticut after August 1st, accord ing to advfces received by the Con- rectfcut War Savings Committee from the First Federal Reserve Bank in Boston. The certificates will be sold by incorporated banks and trust companies, which are agents of the second class for the sale of War Saw fngs certificates. The banks may ob- tain the certificates by applying direct to the First Federal Reserve Bank and by n deposit of cash or a pledge of collateral as the case may be.
 Individuals may purchase new cer-
 rntes direct from the First Fed eral Reserve Bank, though in most cases they will probably find it more con- venient to purchase through their own banks.
 The s10O certificates will be sold by postmasters as well as by banks and may be obtained by acquisition. In corporated banks and trust companies which alone handle the s1,000 de- nomination need not fill out a new application for appointment as agents if they were authorized agents for thrift and war savings stamps this year or In 1918. The fact that they order the larger certificates from the Federal Reserve Bank will automat- ically extend their appointment
 Inquiry among bankers in Bridge port today showed that there was keen interest in all the war savings issues from the twenty-five cent thrift stamp up to the s1,o00 certif- cate. During the war this interest was from patriotic motivesj but bankers have come to set a new value on the government thrift movement since l. became apparent that 1t was to their advantage to do so. It is the opinion of certain well informed bankers that the increased savings banks deposits throughout New England this year has been due partly to the insistent demands of the Treasury Department for systematic savings by every indi- vidual. whether rich or poor. It is realized that if the public forms the habit of saving, whether 1t begins with twenty-five cent thrift stamps, endowment policies or other reliable the banks ultimately are bound to derive their share of the general benefit. Banks which have handled the thrift and war savings stamps have found that investors who had never saved money before were not only continuing the purchase of the government's securities, but as the habit of thrift grew upon them they were opening bank accounts. From the Treasury Departments point of view, the new certificates, which may be obtained through local banks in every Connecticut com murity within a day or two, will en- courage purchasers of war savings stamps to continue their efforts with the aim of eventually owning the larger certificates; and will induce large numbers of thrifty persons who would welcome a somewhat larger investment than the stamps afford to lend their money to the government rather than put 1t into questionable securities and "get rich quick schemes. through which many thous- ands of dollars have been lost in this state alone.
 The s1,OO0 certificates bear per cent interest If held until maturity and may be redeemed at any time after two months. They may be registered, and in many other re- spects resemble the war savings stamp, on a larger scale. They are exempt from taxation.