The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1920-02-07

10 promote popular peacetime saw
ings in a practical way the United
States Treasury Department will car
ry on its plan for the sale of Thrift
and Savings Stamps and Treasury
savings Certificates indefinitely. Sec
rotary of the Treasury Glass announce
es the gratifying increase in sales of
the government securities in the lat
ter months of 1918. The movement
for thrift, saving and safe Investment
is gaining in popularity and bids fair
for this year.
Since the beginning of the move
ment, which was adopted as a nation-
al war measure, but is now a perman-
ent peacetime program of the govern
ment, Thrift and Savings Stamps and
treasury Savings Certificates to the
amount of $1,225, 900, 900 have been
purchased by American people up TO
December 10th, 1919. OF this amount
more than ~$82S000,0OO in stamps is
held IN THIS district. Within the last
four months, especially, the volume of
savings placed in. these securities has
been growing by leaps and bounds and
the increasing demand for them indi-
cafes tnat January will be one of the
largest Investment months.
The twenty-five cent Thrift Stamps
remain the same as in previous wears.
lhey bear no interest and they are
used in making small savings to apply
Iii exchange for a $500 Savings
Stamp. The $500 War Savings
Stamp bears 4 per cent interest COM
pounded quarterly and costs SAP in
january, increasing l cent per month
in cos until next December when the
cost will be $4.23. The stamp is car
mine in color. bears the head of
George Washington and is a trife larg-
er in size than the 1919 STAMP. It
can be redeemed on ten days notice.
ut any money order postoffice where
Savings Stamps are SOLD. If il is
registered 1t must be redeemed at the
pos office where it was registered.
Other securities are the 500 and the
$1,000 Treasury Savings Certificates.
The 500 Certificate, $S2.40 in Janu-
airy, Increases 20 cents per month
until December. The $1,000 Certifi-
cate cost $S24.00 in January and in
creases at the rate Of $500 per month.
The ownership limitation is still $1,000
(maturity v%alue). This does not in
clude holdings of the 1918 and 1915
issC S. These securities, as well as
stamps, are obtainable from postof-
fees, incorporated trusts. trusts. bank
companies and other specially author
ized agencies. A very desirable and
convenient exchange feature has been
arranged whereby War Savings Cerf,f-
Gates Of the 1920 issue bearing a full
number of twenty Savings Stamps NAV
be exchanged for registered Treasury
Savings Certificates, series 1920 of The
$500 denomination. The latter are
registered at the Treasury and can be
redeemed directly through i.
a new feature of the 1920 Treasury
Savings Certificates makes them re-
deemable on demand, two months
after purchase, without the customary
ten days notice. 1t may be of inter-
est 10 holders of 1913 and 1919 issues
Of Savings Certificates to know these
may he exchanged for Treasury Say
'ngs Certificates of the corresponding
sues, but the latter are not offered
for cash sale. Holders of War Saw
'ngs Certificates of 1918 or 1919 issues
which are incomplete, but which ar
gregate 500 or some multiple Of t.
300. $500, $400, etc.-may exchan q
these for Treasury Savings Ger fl
Gates of their corresponding series
Leading economists of the country
agree thai there is little hope of low
ering prices unless the people in ZEN
oral stop buying the unnecessarv
hings and practice economy In ~ r
a~ouseholds. To crate IL will and %
Form a habit Of regular and sys.erla c
Swings they u~nequivocally ERGO. =
ne -aian Of the U. $ Treasury i1q..4
Q n advocating the purchase If
Thrift and Savings Stamps AMI Treas.
airy Savings Certificates.