The Belding banner-news. (Belding, Mich.) 1918-1973, 1919-12-31
THIRD SERIES
OF war SAVING
Z STAMPS READY
NEW ISSUE OF THRIFT AND w.
s. S. is TO GO ON SALE
JAN. 1, 1920


day received an official announcement
from the Treasury Department con-
cerning the issue of the 1920 War
Savings securities which will be on
sale January l at post offices and othN
er agencies, consisting principally Of
Incorporated banks and trust, compan-
les. In making the announcement r.
G. Leffingwell said:
"From the beginning off the War
Savings movement in Dec. 1917 up to
Dec. Is, 1919 the treasury has reseiv-
ed from the sale of the war savings
securities cash total of $1,128, ,480,-
l731.
"The 1920 securities consist of the
twenty-five cent thrift stamp which
bears no interest and is used to evil
dence payments on account of war
stamps and certificates. The SIS war
savings stamps and the registered
treasury savings certificates in de-
nominations of 500 and $1,000 ma
turity value. The issue price of the
war savings stamp is $4.12 i'm January
and increases one cent a month to
1$4,23 in December. The issue price
of the 500 certificate is $8240 in
4 January and increases at the rate of
1 twenty cents a month to $84.60 in
December. The 1000 certificates will
be sold for 1924 in January and the
price increases at the rate of So
month to $40 in December.
"The 1920 securities will be SUBJ
stantially the same in terms and con-
ditions as those of the 1919 issue, but
some alterations have been made in
the forms. The 1920 War Savings
Stamps, for example, will be car
mine in color, will bear the head of
George Washington, and the size will
approximate the larger stamp used
in 1918. A change also has been made
in the terms of the 1920 treasury saw
ings certificates as compared with
4 the 1919 issue, in that the 1920 certifi-
Gates are redeemable at the treasury,
beginning with the second calendar
month after the month of purchase
without the ten days demand required
by the terms of the 1919 treasury
savings certificates. Postoffices are
not required, however, to make pay
ment of war savings certificates until
ten days after receiving written de-
mand for payment.
"As in 1919, war savings certif-
Gates of the 1920 series bearing their
ings stamps may be exchanged for
Gates, series of 1920, of the 800 de-
nomination, and owners of war saw
ings certificates who desire the pro-
lection of registration are urged to
exchange their war savings certifi-
Gates for a treasury savings certi-
ficate, rather than 20 seek registra-
ton of the war savings certificate at
postoffice. In addition to other
advantages, the treasury savings GER
\ tificates gives the benefit of central
registration at the treasury and the
provision for payment by the treas
ury itself. The latter provision will
facilitate payment in case of change
of residence, since a registered war
savings certificate can be redeemd
only at the postoffice at which it was
registered
1.-TWO other circulars are being dis
tributed which offer, beginning Jan.
2, 1920, a 1918 issue of treasury saw
ings certificates in the 500 denomi-
nation and continue after December
81, 1919, the issue of 1919 treasury
savings certificates in the denominaf
tions of 500 and 81 900, in both cas-
es not for cash sale but in exchange
for 1918 and 1919 war savings cer-
tifcates respectively. 1t is anticipat-
ed that many holders of the 1918 and
1919 war savings certificates will find
advantages to change their holdings
into these treasury savings certif-
Gates, whose terms and conditions are
substantially the same as those of
the 1920 issue, except for their earlier
maturity dates.
"In addition to the advantages
mentioned above in the case of ex-
change of 1920 war savings certi-
ficates, these circulars. offer other in
ducements in the opportunity for con-
soldating holdings, and also for
changing ownership in the manner
provided In the circulars.
Holders of one or more war saw
ings certificates of the 1918 or 1919
issue which bear war savings stamps
having total maturity value of 500
or some multiple of a hundred dol
lars-ie, 5000, $500, $500, etc: may ex-
change the certificates for the same
maturity value of treasury savings
certificates of the corresponding is-
sue. When two or more war savings
certificates are offered for exchange,
each one need not bear its full COM
plement of twenty war savings
stamps, provided the total value Of
the stamps aggregates 500 or some
multiple of it. In the matter of own
ership, the regulations provide in eff
feet that the treasury savings certi-
ficates taken in exchange may be
made out in favor of new and differ
ent owners, if the owners of the war
savings certificates so request. The
exchanges may be made at first and
second class postoffices or other post
offices specially designated by the post
master-genelal, at Federal Reserve
banks, and at the division Of loans
and currency of the treasury, but not
at banks and trust companies gener-