Milford chronicle., 1920-06-11

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
retary 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 war measure, but is now perman-
ent peacetime program of the govern
ment Thrift and Savings Stamps and
Treasury Savings Certificates to the
amount of $1,225,OOOOOO have been
purchased by American people up to
December 18th, 1919. OF this amount
more than Ss2,OOO,OOO 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
in exchange for a $500 Savings
Stamp. The $500 War Savings
Stamp bears 4 per cent interest COM
pounded quarterly and costs S412 in
January, increasing cent per month
in COS. until next December when the
cost will be S4.23. The stamp is car
mine in color. bears the head Of
George Washington and is a trifle larg-
er in size than the 1919 stamp. 1t
can be redeemed on ten days notice,
at any money order postofiice where
Savings Stamps are sold. If it is
registered it must be redeemed at the I.
pOs-Ohice where it was registered.
Other securities are the 500 and the .
$1,000 Treasury Savings Certificates.
The 500 Certificate, SS2.4O in Janu- /
airy, increases 20 cents per month
until December. The $1,000 Certif-
cate cost $S2400 in January and in
reases at the rate of $500 per month.
The ownership Limitation is still $1,000
maturity value). This does not in
,lude holdings of the 1918 and 1919
ssC S. These securities, as well as
stamps, are obtainable from postof-
ices, incorporated trusts, trusts, bank
and other specially author
zed agencies. A very desirable and
onvenient exchange feature has been
rranged whereby War Savings Certif-
ates of the 1920 issue bearing a full
lumber Of twenty Savings Stamps may ]
e exchanged for registered Treasury
avings Certificates, series 1920 of the
100 denomination. The latter are !
egistered at the Treasury and can be ]
directly through l..
A new feature Of the 1920 Treasury
avings Certificates makes them re-
on demand, two months
fer purchase, without the customary
IN days notice. It may be of inter- !
st to holders of 1918 and 1919 issues I
{ Savings Certificates to know these
ay be exchanged for Treasury Say {
Igs Certificates of the corresponding
sues, but the latter are not offered :
IT cash sale. Holders of War Saw
gs Certificates Of 1913 or 1919 issues
hich are incomplete, but which ag-
.egate S100 or some multiple of it S
100, $500, S400, etc.-may exchange e
Iese for Treasury Savings Certif- 1
ties of their corresponding series. L
Leading economists of the country
,ree thai there is little hope of low
ing prices unless the people in gem d
al stop buying the unnecessary y
ings and practice economy in their =,
,useholds. To create a will and to =
rm a habit of regular and systematic
wings they unequiyocally endorse n
e plan Of the U. S. Treasury Depart o.
snt advocating the purchase Of p
rift and Savings Stamps and Treas d.
y Savings Certificates. a.