Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1920-12-15
two new SECURITIES
\. ISSUED next YEAR By ]
EE'.,.s.l,* E.ss, U. S, TREASURY
VIII Complete Line Of Government.
Savings Securities and Place Saw
Inss Movement on Peace Basis.

VIII Complete Line Of Government
Savings Securities and Place Saw
Inss Movement on Peace Basis.
Completing the line of government
savings securities and placing the
treasury savings movement on solid
peace-time basis, two new treasury
savings securities will be issued dur
Ing the coming year, says recent an
pouncement from Secretary Houston
The new issues will be 81 Treasury
Savings Stamp and a SIS 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,
fret Secretary of the Treasury. The
s25 certificate will be similar in de
sign and terms to the s1OO and $1,00e
Treasury Savings Certificates which
will also be offered in 1921, to mature
January 1, 1926.
The new securities will supply 81
unit for saving, and a registered gov.
ernment security in the SIS denomina.
tion which can be conveniently pur
chased through the accumulation Of
the 81 stamps. The small denomina
tion wartime securities-the s5 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.
tifcates in s1OO 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 Offices 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-.
eeavors to promote the purchase of
government savings securities; 1t de-
velops and protects the secondary mar
ket for Liberty Bonds and Victory
Notes and other war issues Of govern:
ment securities. 1t also Inites the et
forts of all helpful agencies and move.
ments, financial, industrial, educa-
tional, commercial and social, in a
broad savings campaign to make per-
manent 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.
ganizations. The work Of the Savings
Division has also been splendidly sue.
cessfuI in the schools