The Idaho Springs siftings-news., 1920-12-07
Savings Certificates

butes OF success. They are SC
essential that many of the leading
men Of the time declare in nc
uncertain terms that the future
salvation and progress of the nation
depends on the ability OF the
people to practice the strictest
economy. The statement contains
world of truth, especially for this
day OF extravaganza and high
prices, when saving. though it be
meagre in the beginning, will do
much to bring the business of the
country back to normal. 1t must
be practiced by those in every
walk of life, and such being the
situation, an educational program
! for the benefit of the people should
be lstlaehed, as many have not
learned its value.
The teaching in regard to saving
has its proper place in the cur
riculum of the public schools.
especially since it is during the
period of attendance in the schools
that the ideals of the young are
formed which control the action OF
their lives in later life. The great
important factor in the work of
the school days is the establish
ment Of such ideals. Once instil
the idea of thrift and economy into
the young life and it usually does
not leave, but grows as does the
individual and accomplishes its
results. The process of feeding
from hand to mouth so common in
the land today will never be erad-
icated until the ideal of saving is
put into action and functioned in
such a manner as to cause the |
youths and maidens to invest in
securities such as those issued by |
=
the government or establish saw
ings accounts in the banks.
I he instruction in the school |
which would lead to such results
might we'll be conducted in the |
class room or by means of special
campaigns for this particular type
of work 1t must soouer or later
be realized by the American public
that this education in regard to
thrift is not mere dream, but
something that if not at the press
ent time, must in the near future
be a reality. The needs of the
physical body, mind and soul-in
| fact the entire success of the
human individual-rests upon the
economic situation in which it is
placed. The only way to lead out
from the present economic difficult !
ties is to give thorough class in
struction in regard to thrift in the
schools. They have been success
ful in helping in other lines of life
by their teaching and there is no
reason to doubt but what a practi-
cal course in saving, thrift and
economy would be of especial |
benefit to every pupil.
just now the American public
needs to know of the particular
value of government securities like |
the 1920 treasury saving certiti-
Gates. These are issued as FIVE
year securities of 500 and $1,000 |
value at time of maturity and are
exempt from taxation excepting
estate or inheritance taxes, surtaxes
and excess profits taxes A spe-
cial feature of their value is the 4
per cent interest drawn and com
pounded each quarter, which gives
the holder about AZ per cent
interest on the investment. These
savings certificates are safe, for
they are issued by the government,
"redeemable on demand during
and after the second month after
the month of purchase" and are
nottransferable on account of being
issued in registered form only.
Furthermore, they advance in price
from month to month much the |
same as the war savings stamps
until the date of their maturity,
Jan. l, 1925.
/ An indiYidnal hos thn RIGHT to |