Connecticut western news., 1919-07-17
WAR SAVING STAMPS A
PERMANENT SECURITY
Government Issues Certificates
in 500 and $1,000
Denomination

War Savings Certificates in de-
nominations of 500 and $1,000 VIII
soon be available for sale in Connec-
ticut, according to announcement
made by the Connecticut War Saw
ings Committee. 1t is expected by
War Savings workers throughout the
state that there will be a lively de-
mand for these new certificates ma
soon as their presence becomes gem
orally known.
War Savings Stamps of the face
value of So each are convertible into
these new certificates, which bear,
the same rate of interest as the
w. S. S., amounting to nearly four
and one half per cent on stamps pux-
chased during July. Widespread ana
continued savings and investment I'M
So w. S. S. has caused an insistant
demand for the issuance of Govern
ment security which would combine
the safety and profit of the w. s. 6
with greater convenience for tina
purchaser of larger amounts.
Following announcement received
this week from Carter Glass, Secre-
tary of the Treasury, to the effect
that thrift and war savings stamps
are to be continued>a a permanent
institution in the Governments syx-
tenn of finance, plans were made pub
lie by Mrs. Richard M. BisseIl, State
Director of Government Savings I'm
Connecticut, whereby all the w. 8
S. work throughout the state will be
arranged with view to continuance
indefinitely. $50
The announcement of Secretary
Glass is considered of vital interest
to the several hundred thousands of
savors in Connecticut who now hold
thrift and war savings stamps, and
who realize the value of saving small
amounts of money at regular inter
walls and investing it in Governments
securities.
In the immediate future war saw
ings organizations in every city ana
town in the state will be communi-
Gated with so that every possible
avenue for the sale of stamps may
be reached. Attempts are being made
to increase sales in factories, and
when the schools open throughout
the state in September every effort
will be made to continue the zeal Oh
the children in saving regularly ana
in setting aside certain sums for pur-
chase of w. s. s.
In cities and towns where there
are summer residents war savings
workers will be assigned to the tast
of selling w. S. s. to persons from
other parts of the state who spend
their summers in Connecticut. Az
surances of cooperation are being
received from heads of fraternal or
CARNATIONS, all of which are being
asked to invest portions Of their
lodge funds in w. S. S.
In different cities and towns thrift
clubs are being formed, members OF
which agree to make regular pur-
chases of stamps. These clubs, it is
expected, will be continued indefin-
itely. In discussing future plans
Mrs. Bissell said:
Because of the fact that Secre-
tary Glass has announced that w. s.
S. are to be made permanent, it N
my belief that the interest in the sale
of Government securities of small
denominations will increase steadily
In many sections of the state interest
in the purchase of w. S. S. has con-
tDled in a satisfactory manner. In
others it has fallen off: / am of the
opinion, however, that as the real
value of saving becomes known that
our sales will greatly irrerease
everywhere"