Connecticut western news., 1920-12-02
NEW CERTIFICATES
 FOR SAVING IN 1921
$1.00 Savings Stamp and $25 Treasury Savings Ger
 tiflcate

Two new United States Govern ment securities are to be offered to the people of New England and the rest of the country in 1921, accord ing to the Savings Division of the First Federal Reserve District. They will be a $1 Treasury Savings Stamp and a $25 Treasury Savings Certi- ficate and will be put out in response to demands which have arisen for securities of these denominations, particularly in the industries. This dstrct 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 vary ing names, such as Happy Jack" clubs, in the public, parochial and private schools, which represent a very large total saving through the purchase of the twenty-five-cent Thrift Stamps. The savings cam paign has demonstrated that the workers like $1 unit for saving and that they also will appreciate an op- portunity to invest s25 in a certi- ficate. ea.F a ..H.
 The head of Alexander Hamilton will adorn the new $1 Savings Stamp, which will be bright red im- printed on green tint. 1t is interest ng to note that ths will be the firxt time that the first Secretary of the United States Treasury has been fittingly honored by having his DOT trait on a Government savings secuF- ity. The new $25 Savings Certificate will be similar in design and terms to those of the $100 and S1600 de- nomnations, although different in color. @' | Because of the foothold they have secured in the schools and homes of the nation as an easy means of ssv- ing with absolute safety, the twenty | five-cent Thrift Stamp and the $5 Savings Stamp are to be continued in 1921. The idea is not only to encourage saving but also to give every American youth or person If small means an opportunity 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 $100 and 5000 cert | ficates will be continued, as they are we'll adapted for the investment of small trusts and surplus funds, not being subject to market changes and always collectable within few days. They pay a fair rate of in- terest and nothing can be safer. Unions, fraternities, and other or ganizations are employing these cer- tifcates for the investment of their funds but may hold only 5000 worth in any yearly series.
 It is planned during the coming year to intensity the three functions of the Savings movement of the Treasury Department: The develop ment and protection of the second ary market for all war issues of Government securities, the sale of Treasury savings securities and the making permanent of regular habits of saving and investment in United States Government securities. The Federation of Labor favors the movement and has requested the Treasury to continue to issue these savings securities as a safeguard to the savings of wage earners. The international unions have nearly all taken similar action since the Fed eration's convention. Not only have the unions invested their own treas ury funds in these securities but they have urged similar action upon their members. They also have requested employers to offer opportunity for employees to purchase on part-pay- ments Liberty Bonds bought at cur rent market prices and other Gov ernment securities. Many industrial
 Continued on page s)