Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1920-01-09
1920 WAR SAVINGS
STAMPS ON SALE
United States Treasury De.
partment Makes Official
Announcement Con-
corning w. S. S.

Governor J. B. McDougal of the
Federal Reserve Bank Of Chicago re-
ceived an official announcement from
the Treasury Department concerning
the issue of the 1920 War Savings Sc
curities which are on sale at post Off
ces and other agencies, consisting
principally of incorporated banks and
trust companies. In making the an
nouncement r. G. Leffingwell said:
From the beginning of the War
Savings movement in December, 1917
up to Dec Is, 1919 the treasury has
received from the sale of the war
savings securities a cash 5otal OF
81, 128, 480, 731.
SIN 1920 securities consist of the Is
cent thrift stamp which bears no in
terest and is used to evidence pay
ment on account Of war savings
stamps and certificates, the S. war
savings stamps and the registered
treasury savings certificates in de-
nominations of 500 and 1000 matur-
ity value The issue price Of the war
savings stamp is 81. II in January and
increases one cent month to 1923
in December The issue price Of the
500 certifi:a is $82.4O in January
and increases at the rate Of 20 cents
month to $500 in December. The
$1,000 certificates will be sold for 1924
in January and the price increases at
the rate of So month to 1916 in De-
cember.
s'The 1920 securities will be SUBJ
sbantialy 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 will be carmine 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 savings certificates
as compared with the 1919 issue, in
that the 1920 certificates are redeem
able 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
Post offices are not required, however,
to make payment of war savings GER
tificates until ten days after receiving
written demand for payment.
''As in 1919, war savings certificates
of the 1920 series bearing their full
complement of 20 war savings stamps
may be exchanged for registered
treasury savings certificates, series Of
1920, of the S1OG denomination, and
owners of war savings certificates
who desire the protection of registra-
tion are urged to exchange their war
savings certificate for a treasury saw
ings certificate, rather than seek reg
istrationfof the war savings certifi-
cate at a post office. In addition 20
other advantages, the treasury saw
ings certificate gives the benefit of
central registration at the treasury
and the provision for payment by the
treasury ITSELF The latter provision
will facilitate payment in case Of
change of residence, since regis
tered war savings certificate can be
redeemed only at the post office at
which it was registered.
1.-TWO other circulars are being dis
tributed which offer, beginning Jan.
2, 1920, 1918 issue of treasury saw
ings certificates in the 800 denomi-
nation and continue after Dec. 81,
1919, the issue of 1919 treasury saw
ings certificates in the denominations
of 800 and $1,000, in both cases not
for cash sale but only in exchange for