Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1919-12-12
CHRISTMAS SALE
CT II, s. s. Wilt.
TOTAL MILLIONS
Government Appeals 10 E{Ioli-
Gay Shoppers to Give Sc
curities as Presents

Governor John L. Calkins of the
Federal Reserve Bank, which is the
financial agent of the United States
Government in the Twelfth Federal
Reserve District, has written letter
to every bank and trust company in
the district calling upon them to use
every means within their power to
induce the people to buy War Savings
Stamps and Treasury Savings Certiti-
Gates for Christmas presents this year.
1t is the hope of the Governor that
the people of the Twelfth District, in
stead of spending tho money for lux
uries to be used as Christmas presents,
will help the Government finance its
war debt of twenty six billions of dol
lars by sending War Savings Stamps
and Treasury Savings Certificates as
gifts to their friends and loved ones.
Demand for War Savings Stamps
and Treasury Savings Certificates, the
latter in denominations of 500 and
$1,000, set in last month. The Federal
Reserve Bank shipped 100000 worth
OF Treasury Savings Certificates to
eighteen banks on November 20, this
being the largest days shipment since
the close of the war. The Government
anticipates in the light of the demand
OF these eighteen banks for these Sc
curities to meet the holiday trade. that
the seventeen hundred banks in the
district will purchase more t!.an
quarter of million dollars worth Of
tho Gnyarpnppf'S Incrpn cd
call for War Savings Stamps and
Treasury Savings Certificates, and
even Thrift Stamps has come in from
all postoffices in the west in order
that postmasters may have on hand
sufficient supplies 10 meet the public
demand.
The Government !, holiday slogan
Give War Savings Stamp or
Treasury Savings Certificate for Christ
mas" is elaborated in Governor Calk.
ms letter, which follows:
The Christmas holidays are almost
upon us. Everything points to a
tremendous outlay of money in the
purchase of holiday gifts. the greater
portion of which think l am safe in
saying will be luXuries. The present
situation demands not that more
money be spent in the purchase of lux
uries. but that we curtail as much as
possible, wit5-+hhv-t--4-.. beneficial
contraction or credit.
Therefore. appeal to you as fell
low banker to do everything within
your power to stimulate the purchase
and giving of War Savings Stamps and
Treasury Savings Certificates as Christ
mas presents in place of the usual
needless and expensive gifts. 1t seems
10 me that the responsibility Of leading
mems minds along the ways OF THRIFT
! and simple living rests to a great ex-
tent upon the bankers OF the country
and in asking you to push me sales Of
Treasury securities during the Cnrist-
mas holidays, am asking you only 70
take advantage of an opportunity to
meet this responsibility
In addition, Christmas posters car
Tying an appeal to give War Savings
Stamps and Treasury Savings Certfi.
Gates for Christmas presents will he
! distributed throughout the Iweli b
Federal Reserve District and ali banas
/ have been asked to include a similar
appeal In their advertising.
The conference extraordinary Of
| heads Of international labor unions
| called for December l3 by Samuel
/ Gompers in Washington will consider
/ the ACCESSIBILITY OF Incorporating in
I Dair 'yrnViSI0n for
/ nent Government War Savings as a
/ sure way toward economic independ-
I rnre for the worker.