The Carlisle independent., 1919-10-02
UNCLE SAM ASKS ARKANSAS TO SAVE S1,ooo,000 IN FOUR
 MONTHS
The Quota for This State Has Been Fixed at Million In Thrift Cam.
 paign to Continue Until January

Arkansas has a quota of just one million dollars in the four months cam paign for the sale of Treasury Savings Certificates that began September Is will close January 1, 1920.
 Missouri, including the city of St. Louis has a quota of $2,5OO,o0O and the state of Kentucky, including the city of Louisville has a quota of S1,5oo,O0.
 The campaign in Arkansas is under the direction of Moorehead Wright, of Little Rock, who is director of the War Loan Organization for the State. He has his organization perfected, and his representatives are now in various parts of the state calling on the bank CTS, and explaining the advantages of investments in the best securities on earth-United States Bonds.
 Arkansas in all the Liberty Loan Campaigns, and i'll all of the war actiy ities, acquitted herself with honor. and now that the Government has fixed the state participation in this campaign at the comparatively small sum of S1 ,000, ,000-just five per cent of the amount the people took in the last of theLiberty Loan Drives, there is no room to doubt the result in fact, from the ready responses already made it ap- pears certain the state vii exceed it's quota long before the year has reached it's end
 In certain counties of Arkansas. where cotton is the principal crop, and wherethe returns will not be in for some time. the Certificates are being pledged to be takn up at a later date.
 England, in Lonoke county, is an ex- ample. This county is taken merely as san example. The Citizens Bank in England has subscribed for $1000 in certificates and wants delivery made September 30 The Bank of England has subscribed for 5000 to be deliver ed Nov 30 Among the individuals of England who have bought for future delivery are Sanford Welcome, who has pledged himself to take 5000 oc- tober 15 and Henry Galloway $500 on the same date l. J. Rephan and R. L. Sawyer have placed their orders for 5000 certificates and have asked that delivery be made October 30.
 The Treasury Savings Certificates are in reality Government Bonds of the same typeof the Victory Liberty Notes. They possess an advantage over the Liberty Bonds in that they can never go below par, and may b redeemed at any time simply by giving ten days notice In effect they are Uncle Sans ten days note.
 These certificates draw four per cent compounded quarterly. which gives net returns of 4.27 percent if held un- til maturity, January 1, 1924, Tn price of certificates during Septem- Der are $s+ for the $100 Certificate and SS40 for the $1 ,000 certificate. On Oct. 1 the S1OO Certificates will cost twenty cents more and the 5000 Certi- ficate S2.o0 more. And redemption val ue of the security is the prevailing sell ing price for the month when they are redeemed.
 The Government is using every en- deavor to instruct the people in the val lIp of Thrift and Savino and the nraS- ent campaign will be of lasting value to the people of Arkansas if it will show people who never have been sa- yers in the past the way that they may lay the foundation for future pros peritv.