The Republican. [volume] (Oakland, Md.) 1877-current, 1920-12-09
TWO new SECURITIES
ISSUED next YEAR BY
U. S. TREASURY
VIII Complete Line of Government
Savings Securities and Place Saw
ings Movement ON Peace Basis.

savings securities and placing the
treasury savings movement on a solid
peace-time basis, two new treasury
savings securities will be issued dur
Ing the coming year, says recent an
nouncement from Secretary Houston.
The new issues will be a 81 Treasury
Savings Stamp and a S25 Treasury
Savings Certificate. The 81 stamp,
which will be non-interest bearing, is
to be bright red in color and to bear
the portrait Of Alexander Hamilton,
first Secretary of the Treasury. The
$25 certificate will be similar in de-
sign and terms to the 800 and $1,000
Treasury Savings Certificates which
will also be offered in 1921, to mature
January /, 1926
The new securities will supply 81
unit for saving, and a registered gov.
eminent security in the $25 denomina.
tion which can be conveniently pur.
chased through the accumulation of
the 81 stamps. The small denomipa-
ton wartime securities-the IS War
Savings Stamp, in a 1921 series, and
the rs cent Thrift Stamp-will also be
offered during the coming year, as will
the registered Treasury Savings Ger.
tificates in 800 and $1,000 denomina.
tions.
Demand Continues Strong.
Notwithstanding the reaction since
| the armistice from habits of saving,
Secretary Houston said that the de.
mand for savings securities has con-
tinued 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 per cent compounded
quarterly, exempt from state and local
taxes and from the normal federal in,
come tax, and redeemable substantial
| ly on demand, should prove increasing
ly attractive. particularly to the null
titude Of small investors.
With these considerations in mind,
the Treasury is committed to the con.
tinued sale Of government savings Sc
| curities, and feels that as time goes
on sales Of savings securities over the
| counter, at post of1ces and banks
throughout the country, should play
an increasingly important part in the
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.
lngton and in the several federal re.
serve districts. This organization en-
| beavers to promote the purchase of
| government savings securities it de-
velops and protects the secondary mar.
ket for Liberty Bonds and Victory
Notes and other war issues of govern.
| ment securities. 1t also unites the eff.
forts Of all helpful agencies and move.
ments, financial, industrial, educa-
tional, commercial and social, in o
| broad savings campaign to make per-
manet the habits of saving and in.
vestment in United States Government
securities. Its work along these lines
will be intensified in 1921, the savings
| organization for this district, with
headquarters in Richmond, Va, direct
ing activities in Maryland, the District
Of Columbia, Virginia, West Virginia.
North and South Carolina
Organizations Cooperating.
Requests that the savings work be
continued and offers of active coop
GRAFTON in the movement have been
received from national organizations
including the American Federation Of
Labor, nearly every fraternal organiza
ton of prominence in the United
States, and presidents of women's or.
CARNATIONS. The work of the Savings
Division has also been splendidly sue
cessful in the schools.
In response to the demand, the Saw
| ings 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
| The savings securities to be offered
have also been shaped to meet these
| needs. The 81 Treasury Savings Stamp
and the $25 Treasury Savings Certif.
cate come as result of work carried
on in the great industrial plants of the
country This campaign demonstrated
| that workers like a 81 unit for saving
| and that they are seeking an invest.
ment security Of the $25 denomination.
The % cent Thrift Stamp and the IS
War Savings Stamp, which have
gained a strong foothold in the
schools of the nation, will be con-
tinued during 1921 in order that every
American youth may have the oppor,
tunity to become an active partner in
the business Of his government.
The 1921 War Savings Stamp of s.
maturity value will be larger in size
than the 1920 issue, win be orange in
color, and will bear the portrait Of
Lincoln. The rs cent Thrift Stamp
will be unchanged.