The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-01-31
GOVERNMENT AGENCY
FOR POPULAR SAVINGS
.WintspreAd Willingness to Lend to
the Government Awakened
by the War.

The rapid establishment OF nation
wide government agency for popular
savings ia foreshadowed in an an
nouneement made Today by Carter
Glass Secretary OF the Treasury,
through Mrs. r. l.. liigginson, Direc-
Tor OF Savings for New England.
Secretary Glss. in discussing the
plans for the NJ WHY organized Savings
Division Of the nited States Treasury.
and tn special savings function as
signed 10 the r, deral Reserve District.
said:
In The nswly established savings
fnnctioH OF the Treasury Of the United
States is be ieved. We will have
thrift riechanism rivsling in the con
Venience the oft-quoted methods OF
Europ, Through il we hope 10 estGb-
fish new motives for saving that will
capitalize into permanent national
characteristic the vide spread Will
lngntss O save and TO lend To the
government awakened by The war
The ultimate sim is 10 make invest
m6ni in COVE rnment securities an
every day matter with us as IL has be-
come with the people Of France and
England.
Twenty Million Americans. through
interest in Liberty Bonds and War
Savings Stamps have begun to gain
similar taste for saving through gov
erhmen interest yielding securities
To perpetuste this valuable habit ac
Quireo as y war measure. 4 is planned
especially IN connection With the sale
Of War Savings Stamps. 10 aid In
meeting war obligations. to emphasize
new arguments OF everyday patriot
ism, and OF individual self-interest for
saving and purchase OF stamps. which
will D. equally compelling after tbs
peace terms are signed.
The Savings Division OF the Trsas
! ury---a group OF economists, educators
bank ers. business men and students OF
household and other thrift. has been
charged with leadership in developing
and intoxicating OF ways and means OF
making saving a happy personal and
national habit.
The Governors OF the Federal Re
serve Districts. each through special
Savings Director. will assist in this
educational campaign and also will see
TO Il that War Savings Stamps are
made even more accessible in every
community.
these district directors operating
ehroLgh the headquarters savings stan
and Geld workers, will reach every
community through state directors
and through county and community
chailmen OF committees representins
thu government In its savings sctiy
tiles. The $4,000 War Savings Soeie
, ties Win be maintained and strength
ened and their number rapidly in
creased wherever conditions warrant
District cooperation will be effected
with other government department
interested in thrift matters with al
schools. universities, employers. reli-
: glous and fratenal groups and nation
al organizations OF men and women
= They will be asked 10 assist In pro
motlng the sale ~ War Savings
! Stamps and also in disseminating
, ideas OF individual and community
, thrift.
r That we continue to attract sn!al
. savings OF millions OF people az vel
rs larger capital into government In
. vestment channels. regard as vitality
: essential 10 our financial program
Whereas before the war the govern
nent was financed by some three hun
bred thousand Investors. twenty mil
lion people have become its financla
partners Such partnership must en-
gender more Intelligent interest II
HE actual operations OF the govern
, ment Such popular support by al
(. classes OF citizens. | regard as III
? very essence of democracy.
AS XII agency for Americsniaauon
Liberty Bonds and. particularly Thrift
: and War Savings Stamps, have bee
= among the most effective erasers o
: the hyphen. Ownership OF such securi
: ties has operated strongly TO Lessee
tlit desire OF many OF our foreign
6 born citizens TO return to their nstiy
j. lanes. and with many more, has eurbe
zssitS.gn ass I'd the tende1c. r shi.