The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1920-12-16
Two new SECIiRITES !
ISSUED NEXT YEAR BY
U. S. TREASURY
WIN osmSsses Line OF Government
Savings Securities and Place Saw
inss Movement on Peace Basis.


savings securities and placing the
treasury savinss movement on a solid
pescetime basis. two new treasury
savings securities will be issued dur.
ing the coming year. says Q recent an
nouncement from Secretary Houston.
The new issues will be IL Treasury
Savings stamp and . 325 Treasury
Savings Certificate. The 81 stamp.
whioh will bs aon-interest bearing. In
70 be bright red In color and to bear
the portrait Of Alexander Hamilton.
nrst Secretary Of the Treasury. The
$zo certificate win be similar in de-
sign and terms 20 the 800 and $1,000
Treasury Savings Certificates which
viii also be offered In 1921, to mature
January I. 1915.
The new securities will supply a 81
unf for saving, and q registered gov.
srnment security in the $25 denomina-
tlon which caR be conveniently pur-
chased through the accumulation of
tho II stamps. The smau denomina.
ton wartime seourities-the S. War
Savings Stamp. tn 1871 series, and
the Is cent Thrift Stamp-will also be
offered during the coming year, as will
the registered Treasury Savings Ger.
tincates In 800 and $1,000 denomina.
tions.
Demand Continues stronu.
Notwithstanding the reaction since
the armistice from habits of saving.
Secretary Houston sadd that the de-
mand for savings securities has CON.
tlnued strong in many parts of the
country, and that he believed that as
the security markets become more set.
tied treasury savings securities bear
Ing interest at 4 per cent. compounded
quarterly. exempt from state and local
taxes and from the normal federal In.
come tax, and Tedeemable substantial.
ly on demand, should prove increasing
ly attractive, particularly to the mul.
titude Of small investors.
with these considerations In mind.
the Treasury ID committed to the con.
tinued sale Of government savings ne.
curties, and feels that as time goes
on sales OF savings securities over the
counter, at post oftces and banks
throughout the country, should play
an increasingly important part in tho
current financing OF the government.
To this end. the Treasury is also
committed TO the continuance of the
work OF the Savings Division. In Wash.
fngton and In the several federal re-
serve districts. This organization en-
deavors to promote the purchase of
government savings securities; 4 de-
velops and protects che secondary mar.
ket Tor liberty Bonds and Victory
Notes and other war issuss Of govern.
ment securities. It also unitss che ef
Forts OF all helpful agencies and move
nents. financial, Industrial, sduca.
uonal, oonmsrciai aAd social, In q
broad savings campaign to make psr.
nansne the habits Of saving and In.
vestmsAt In UAiteA States Government
securities. Its work along these lines
will be intensified In 1921, the savinrs
orsanAIatien for this district. with
headQssrtses In Richmond. Va, direct.
Ing activities In Maryland, the District
OF Columbia, Virginia. West Virxinia,
North and South Carolina.
Organizations Cooperating.
Requests thsk the savings work be
continued and offers Of active coop.
sration In the movement have been
received from national organizations
including the American Federation OF
Labor. nearly every fratsrnal orGanixa.
tion Of prominence In the United
States, and presidents Of womsn's or.
Eanisations. Tho work OF che Savings
Division has also been splenAidiy sue.
eessful In the schools.
In response to the demand, tho Saw.
iAgs Division will intensity during 1921
its campaign to spread broadcast the
essential facts relative to wise saving
and spending and investment, and the
continued development Of new capital.
Tho savings securities to be offered
have also been shaped to meet these
needs. The 81 Treasury Savings Stamp
and the $z6 Treasury Savings Certin.
cate come as result OF work carried
on In the great Industrial plants OF the
country. This campaign demonstrated
that workers like 81 unit for saving
and that they are seeking an invest.
ment security OF the $25 denomination.
The rs cent Thrift Stamp and the S.
War Savings Stamp, which have
gained strong foothold in the
schools Of the nation, will be con.
tinued during 1871 in order that every
American youth may have the oppor.
tunhy TO become an active partner in
the business OF his government.
The 1921 War Savings Stamp Of IS
maturity value will be larger in size
than the 1920 issue. will be orange In
color. and will bear the portrait OF
Lincoln. The rs cent Thrift Stamp
will be unchanged.