The Barre daily times. (Barre, Vt.) 1897-1959, 1920-12-03
NEW U. S. SECURITIES
Are to Be Offered By Government Dur
ing 1921.

| AhS ASSis
Two new United States government
securities are to be offered to the PEG
pie Of New England and the rest of
the country in 1921, according to the
savings division of the first federal re-
serve district. They will be 81 treas
ury savings stamp and $25 treasury
savings certificate and will be put out
in response to demands which have
arisen for securities of these denomi-
nations, particularly in the industries.
/ This district now has more than 5000
war savings societies operating among
| Its industries, with a membership OF
about 100000 men and women, boys
and girls, all saving systematically
/ and voluntarily. There also are many
OF these societies, under varying names,
such as Happy Jack" clubs, in the
| public, parochial and private schools,
/ which represent very large total saw
ing through the purchase of the twenty
fiive-cent thrift stamp. The savings
campaign has demonstrated that the
workers like a 81 unit for saving and
that they also will appreciate an op.
portunity to invest S25 in certificate
The head of Alexander Hamilton will
| adorn the new ST savings stamp, which
will be bright red imprinted on green
tint 1t is interesting to note that this
will be the first time that the first
secretary of the United States treasury
has been fittingly honored by having
his portrait on a government savings
security. The new S25 savings certifi-
laa IN will he S;x IN n
terms to those of the 500 and 81 900
denominations, although different in
color.
Because of the foothold they have
! secured in the schools and homes of
the nation as an easy means of saw
ing with absolute safety, the twenty
| five-cent thrift stamp and the S. saw
ings stamp are to be continued in 1921.
The idea is not only TO encourage saw
ing but also to give every American
youth or person of small means an OPP
portunity of being an active partner
in the United States government. The
treasury officials felt that this was a
wise way of encouraging thrift and
patriotism. Likewise the 500 and 81
600 certificates will be continued, as
they are well adapted for the invest
ment of small trusts and surplus funds,
not being subject to market changes
and always collectable within a few
days. They pay fair rate of inter
est and nothing can be safer. Unions,
fraternities and other organizations are
employing these certificates for the in
vestment of their funds but may hold
only 81 900 worth in any yearly series.
II is planned during the coming year
10 intensity the three functions of the
savings movement Of the treasury de.
partment. The development and pro-
lection Of the secondary market for all
war issues of government securities,
the sale Of treasury savings securities
and the making permanent Of regu-
| lar habits OF saving and investment in
United States government securities.
The Federation of Labor favors the
movement and has requested the treas
ury to continue to issue these savings
securities as safeguard to the say
ings of wage earners. The interna-
tional unions have nearly all taken
similar action since the federation's
convention Not only have the unions
invested their own treasury funds in
these securities but they have urged
similar action upon their members.
They also have requested employers TO
offer opportunity for employees to pur-
chase on past payments Liberty bonds
bought at current market prices and
other government securities. Many in.
dustrial concerns already have made
such arrangements, Nearly every i'm
portant fraternal organization in the
country has endorsed the movement
and invested part Of its funds in the
treasury securities, and individual
lodges have taken similar action. As
part of the Americanization work
many people of foreign birth have been
induced to invest in the securities, thus
becoming shareholders in the govern
ment" and this result has been found
to stimulate their interest. At present
the savings division officials are CON
ferring with national representatives
of women's organizations and are be-
ing pledged full support from these
leaders.
officials of the treasury department
at Washington say that national imam
cial conditions have been benefited and
countless thousands of people have be-
come systematic savers through the
work Of the savings division in pro-
noting thrift aud saving; in keeping
war savings securities in the hands OF
investors and acquainting the people
with the desirability Of holding Liberty
bonds and buying more at the low
prices in the market.
II is interesting TO note that the
1921 issue of the s. savings stamp
will be of larger size than this years
and viii be orange in color, with the
portrait head Of Abraham Lincoln. The