The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1919-07-25
NEW SAVINGS CERTIFICATE
SPLENDID SPECIMENS OF
THE ENGRAVER'S ART

st. Louis, July 19.-Fresh from the
Government printing office in Wash
ington, and reposing in the vaults of
the Federal Reserve Bank in this city,
are millions of dollars worth of the
latest securities issued by the United
States Government for circulation
among patriotic and thrifty citizens of
Missouri, Arkansas and Kentucky.
Government bonds are not the nov
city they once were. The war saw to
it that the people of America as well
as European countries, were educated
along these lines. The Liberty Bonds
were introduced into many institu-
tons and households, and millions of
people who never saw Government
Bond prior to the war now reckon that
little piece of registered or couponed
paper as one of their most cherished
possessions.
But this new issue' Uncle Sam is
the most unique and readily absorbed
security of all. 1t is the outgrowth of
the War Savings Campaign, and bids
fair to have even a wider circulation
and popularity than even the Liberty
Bonds. The instrument itself, issued
in two denominations of $1,000 and
500, are splendid specimens of the
engraver's art. While in many re-
spects the new certificates are simply
Savings Stamps of greatly enlarged
value, they take on the physical beau
! ty of Uncle Sans most solemn prom
Use to pay. The thousand dollar GER
tificate is ga inches wide by 6 deep,
and is printed on that specially pre-
pared and almost uncounterfeitable
paper that in itself breaths confidence.
The back ground is the giant hand of
Liberty Enlightening the World, and
the ray from the great torch flares
forth to each extremely of the pa
per. The border is neat and artistic,
and the wording is plainly engraved.
The printing is in a rich brown ink.
The smaller new security, the 500
certificate, is the exact counterfeit of
the larger $1,000 certificate, save in
the amount and the further fact that
the printing is in blue ink.
The demand for these new issues
was such that the Treasury Depart
ment could not ignore it. Many per-
sons who realized the advantages of
thS war savings STAMPS WdHIeu W
avoid the necessity of buying the
small stamps and sticking them to the
cards issued by the Government. The
bulk of 81 900 in SIS stamps, too, were
considered an inconvenience by many
Now one may buy either the 500 or
the 81 900 certificate, paying the price
fixed by the Government for this
month, namely, 1886, for the latter.
In August the price will be 1888, and
will increase So each month. The 800
certificate may be bought this month
for $3.50, while in August the cost
will be $3.50, and increases in cost
20 cents a month. Each security
reaches maturity on January l, 1924.
Those who hold the securities of
the old and smaller denominations
may exchange them for the new. In
order to get 500 certificate the ap-
plicant must submit 20 completely
filled out SIS War Savings Certificates.
For the $1,000 certificate it will take
ten times as many. The unregistered
certificate may be exchanged through
any bank that is authorized to sell
War Savings Certificates. The reg
istered one, of course, must be re-
deemed through the post office de- |
partment. The interest rate, as well
as all other provisions in the new Sc
curities is identical with that of the
familiar War Savings Stamps-four
per cent interest compounded quar-
terly. The redemption privilege, too,
is the same. If the holder must real |
ize on his investment he may obtain
cash for the same by giving ten days
notice and surrendering the same
through the Treasury Department. If /
not carried to maturity, the certiti- |
cate bears interest the rate of 8 |
per cent.
The law provides that the certifi-
Gates are not negotiable, and plainly
printed on the face, in large capitals,
are the words, "Not transferable"
There can be no shrinkage in the
value of this form of security. If, af
ter carrying it for year, and then
necessity compels disposing of the
same, the holder will receive the full
amount paid, plus per cent. If, how
ever, he holds it to maturity is draws
A per cent compounded quarterly,
which is exactly Ia per cent.
AS far as security is concerned, the
total wealth of the United States is
behind it, and it is as secure as the
Nation itself.