The Clio messenger., 1920-03-11
PARTIAL PAYMENT
PLAN TO HELP ALI.
Save FOR FUTURE
Seventh District Starts System
With Banks to Aid Invest
ment in Savings
Certificates.

A
"a partial payment plan which is
calculated to give big impetus TO in
vestment in the 500 and ST 900 Treas
ury Savings certificates, which always
, are worth more than you paid for
\ them. is being put into effect by the
Government Savings organization OF
the Seventh Federal Reserve District.
This system enables the saver who
wishes to invest in sound securities
10 do so OH the installment plan as
was done in the purchase of Liberty
Loan bonds. Payments may be made
on weekly, semi-monthly or monthly
basis, the minimum payments being
80, $4 and SO respectively. The in
vestor enters into contract with a
bank, to which he makes his partial
payments. Under this agreement the
bank deposits as NEST egg" for the
investor one dollar for each 500 GER
tificate purchased from the bank.
1--WE have found" said w. Il. Bos-
worth. executive secretary OF the
Seventh District Savings organization.
that there are vast numbers of people
who would like to put their money in
these Treasury Savings certificates
who cannot afford to part with enough
to pay for $100 certificate In u sin
gle payment. so the organization OF
this district devised a partial payment
plan, which was submitted to the
Treasury Department at Washington
and has received the official sanction
OF the Savings Division. headed by
William Mather Lewis.
"The investor is thus enabled to pur-
chase these Savings certificates on the
installment plan and the certificates
are turned over to him when he has
completed his payments. The bank
with which he does business also de-
posits to his credit in the bank one
dollar as savings account for each
500 certificate purchased. We feel
that this partial payment system will
enable many thousands to invest In
these Government securities who other
wise would not be able To- do SO. Ii
also will mean in many cases the
starting Of bank savings accounts.
"The safety of these securities is a
feature that should not be lost sight
Of. Being registered. they are insured
against loss through theft or fire. IL
one ever needs the money the certif-
Gates are redeemable, beginning with
! the second calendar month after the
month of purchase without the ten
days demand required by the terms of
the 1919 Savings securities"
Following is the text of the agree
ment entered into between the pur-
chaser and the bank he selects:
hereby enter my subscription with
the bank named above for $........
(Maturity Value) in Treasury Savings
Certificates, to be paid for regularly
(Weekly)
at the rate Of S....... (Semi-monthly)
(Monthly)
Payments will begin on ........, 1920.
and i'm no event can be completed later
than December 81, 1920.
Purchase Price Of $4,000 Certificates.
II final payment is made in
July .................. .SS3.60
II final payment is made in
August ............... oo.oU
II final payment is made in
September ............ of.Ou
IL final payment Is made in
October .......... S4.o0
II final payment is made in
November ................... cf'4u
If final payment is made in
December ................... oi.Ou
Upon completion of said payments
you agree to deliver TO me the above
described certificate or certificates. and
for each 500 certificate so purchased
TO deposit $1.00 in your bank to the
credit Of savings account with me
Cor any person may desgnate), upon
surrender to you of Partial Payment
Contract of same date and number as
this card.
1t is understood and agreed that IL
fail to make all payments promptly as
above agreed and If any payment shall
continue In default for more than
thirty days, you may in your discre'
ton, after due notice to me, by letter
addressed as below, issue to me War
Savings Stamps and Thrift Stamps
equivalent to the sum of all money
actually paid In. upon surrender to
you of said Partial Payment Contract.
1t is further agreed that ! shall also
be entitled at any time prior to COM
Z pletion Of payments to like refund
ct all payments made. if so request
and surrender the contract.
1t is understood that this contract Is
solely between the bank named above
and the subscriber and that no obliga-
ton on the part OF the United States
arises except on the Treasury Savings
certificate (or certificates) after deliv-
cry to the purchaser.