New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1920-03-13
SAVINGS STAMPS A GODSEND.

Savings Stamps have been Godsend
to the people" said Boiling H. Jones,
Postmaster at Atlanta. "In completing
the payment for homes bought, in meet
liz the expenses Of sickness and in pay
ing the school expenses of boys and girls
at high schools and colleges, Savings
Stamps have done wonders" continued
Mr.. Jones.
This was found to be true all over the
United States during the first flu ped.-
demc during the fall Of 1913 and has
been equally so this year during the try
ing weeks Of January and February, when
our second flu epidemic came on, causing
so much sickness and expense to the
people.
In Atlanta, where ten thousand young
men and women are at college or in
technical schools. hundreds of them have
been able to pay their way largely with
Savings Stamps bought in previous
months. Thus the saving habit is helping
to educate worthy boys and girls in a
practical way. In the high schools of At
lanta the attendance is four times as large
as il was fifteen years ago, although there
is no such increase in population Thrift
has helped the people to edulate their
children better.
In the meantime the same Thrift in
the purchase of Savings Stamps has
helped hundreds of people to acquire
homes and complete the payments on
homes already bought, at time when
il was almost impossible to rent com
Portable homes
~ wish the people fully understood
the special advantage of Saving Stamps
and Treasury Savings Certificates" said
Silas w. Davis, Government Director fo-
the War Loan Organization of the Sixth
Federal Reserve District. "For example,
the Savings Stamps and Treasury Saw
ings Certificates, which are simply Saw
ing Stamps in 500 and $1,000 denomins-
tons with the registration privilege, are
not subject to market fluctuations and in
this respect have an important advantage
over Government Bonds. This is true
because they are redeemable by the Gov
eminent on ten days notice.
Another important advantage is that
the interest il compounded automatically
on Savings Stamps. and Certificates. If
you buy Bond you have to collect the
III anu 4ClhNSSl lAs Al yOu bbJ So'
ings Stamps or Certificates, they mature
in five years, the interest is approx
fmately four percent compounded quarter
ly and re-invested for you, so that at
the end of five years the GovernnentI
turns over in cash the whole of your
principal, plus four percent interest for
the whole period.
Another distinct advantage is that
these Stamps and Certificates may be
cashed at any time on ten days notice in |
case of need. This is a great safety !
clause and a man may be perfectly com
Portable in buying these Savings Stamps, |
because he will be in a position to meet
any contingency, or any urgent need Of
money arising from sickness, the pur-
chase Of a home, the education of chill |
dren, or anything of that sort, and he
can do so n zen days, and this without
any expense for selling the securities. II
you sold bonds you would have to pay
brokerage and take the market price,
whatever that might be. With Savings
Stamps or Certificates you can get one
hundred percent plus interest at a slight
" lower rate than you would if you
waited until maturity. This rate is so-
proximately three percent where you
get four per cent if you wait until ma
turity.
II am glad to say that the December
sales of Savings Stamps throughout the
United States and in this District, COM
posing the Southeastern States, were
larger than during any other month of
1919. From this, we hope that the peo-
pie have made up their minds to get back
on an economical basis. 1t is high time
they were doing So"