The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1920-05-21
PARTIAL PAYMENT
PLAN TO HELP ALL
Save FOR FUTURE.
Seventh District Starts System
With Banks to Aid Invest
ment in Savings
Certificates.

| paTiiuI Payment pan which !.
calculated to give big impetus TO in
vcs'ment In the 500 and 81. 900 Treas
ury Savings certificates. which always
are worth more than you paid fol
them, is being put into effect by the
Government Savings organization OF
| the Seventh Federal Reserve District
| This system enables the saver WHO
wishes to invest in sound securities
to do so on the installment plan rs
was done In the purchase of Liberty
Loan bonds. Payments may be made
on weekly. sem-monthly or monthly
basis. the minimum payments being
~. 81 aud 50 respectively. The in.
weston enters into a contract with n
bank. 70 which he makes his partia;
payments. Under this agreement the
bank deposits as NEST egg" for the
Investor one dollar for each 500 GER
tiflcate purchased from tie bank.
I'VE have found" said w. B. Bos-
worth. executive. secretary Of the
Seventh District Savings organization,
that there are vast numbers Of people
who would like to put their money in
these Treasury Savings certificates
who cannot afford to part with enough
to pay for a 800 certificate in sin
gle payment. so the organiza tIOn OF
this district devised partial payment
plan. which was submitted to the
Treasury Department ut Washington
and has received the official sanction
or the Savings Division, headed by
William Mather Lewis.
THE investor is thus enabled to pur-
chase these Savings certificates on the
installment plan and the certificates
are turned over to him when he has
completed his payments. The bank
with which he does business also de-
pOsits to his credit In the bank ono
dollar as a savings account for each
800 certificate purchased. We feel
that this partial payment system will
enable many thousands TO invest in
these Government securities who other.
wise would not be able to do so. 1t
also Will mean In many cases the
starting OF bank savings accounts.
The safety Of these securities Is
feature that should not be lost sight
OF. Being registered. they are insured
against loss through theft or fire. II
one ever needs the money the certiii.
Gates are redeemable. beginning with
the second calendar month after the
month of r'rrliasc without the ten
days deman,' r"Iuired by the terms OF
the 1910 Savings securities"
Following !, he text of the agree
ment entered into between the pur-
chaser and the hank he selects
I hereby ,'a = my subscription with |
the bank MI above for S. .......
(Maturity Nait,,') In Treasury Savings |
Certificates. ., DC paid for regularly
tWeekIy)
ut the rate .! I....... tSemi-monthly)
(NOnthly)
Payments wiz h"gin on ......... 1920.
and In no ey' AN he completed later
han December 81. 1920.
Purchase Price of $4,000 Certificates {
II final payment Is made In
July .xSJ.UJ |
IL final payment Is made I'm
AUGUST ......... S3.SO
Il final payment is made In
September 84.OO
u final payment is made In
October ................. $40
Z final payment is made in
Noyember offO
Z final payment Is made in :
December .................. S4.U [
Upon completion OF said payments
'Ou agree TO deliver to me the above
described certificate or certificates, and
or each 500 certificate so purchased
o deposit $1.O0 in, your bank to the
redit OF savings account with me
or any person I may designate), upon
urrender to you OF Partial Payment
contract OF same date and number rs
his card.
II Is understood and agreed that IL
MI to make all payments promptly as
hove agreed and II any payment shall I
Dntinue in default for, more than
iirty days. you may. In your discre-
on. after due notice to me. by letter
as below. issue to me War
avings Stamps and Thrift Stamps :
luivalent to the sum OF all money =
rtunlly paid in. upon surrender to
III OF said Partial Payment Contract.
Is further agreed that ! shall also 3
3 entitled mt any time prior to com
elton Of payments to like refund :.
all payments made. II I so request :.
nd surrender the contract. y
II is understood that this contract Is T
'ieIy between the bank named above S:
Id the subscriber and that no obllga- r
on on the part Of the United States
Uses except on the, Treasury Savings
rtificate Cor ceftiHcstes) after deIiv-
y to the purchaser.
l =