Five Mile Beach weekly journal., 1920-01-30

TO 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 announc-
es the gratifying increase in sales of
the government securities in the lat
ter months of 1919. 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 var 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 Slips, 100000 have been
purchased by American people up to
December 18th, 1919. OF this amount
more than $82,000,0 900 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-
Gates that January will be one Of the
largest investment months.
The twenty-five cent Thrift Stamps
remain the same as in previous years.
They 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 $4.12 in
January, increasing l cent per month
in cost 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 trifie larg-
er in size than the 1919 stamp. It
can be redeemed OIL ten days notice,
at any money order postoffice where
Savings Stamps are sold. If it is
registered it must be redeemed at the
postoffice 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 Certif-
cate cost $S24.00 in January and in
creases at the rate of $500 per month.
The ownership limitation is still $1,000
(maturity value). This does not in
clude holdings of the 1918 and 1918
issr $. These securities, as well as
stamps, are obtainable from postof-
fees, Incorporated trusts, trusts, bank
companies and other specially author
lied agencies. A very desirable and
convenient exchange feature has been
arranged whereby War Savings Certif-
Gates Of the 1920 issue bearing a full
number Of twenty Savings Stamps may
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 Il.
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 to holders of 1918 and 1919 issues
of Savings Certificates to know these
may be exchanged for Treasury Saw
ings Certificates of the corresponding
issues, but the latter are not offered
for cash sale. Holders of War Saw
ings Certificates of 1918 or 1919 issues
which are incomplete, but which ag-
gregate 500 or some multiple of it
5000, $500, $500, etc.-may exchange
these for Treasury Savings Certih-
Gates of their corresponding series.
Leading economists of the country
agree thai there is little hope of low.
ering prices unless the people in gem
eral stop buying the unnecessary
things and practice economy in their
households. To create a will and to
form a habit of regular and systematic
savings they unequivocally endorse
the plan of the U. S. Treasury Depart
ment advocating the purchase Of
Thrift and Savings Stamps and Treas
Try Savings Certificates.