The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1920-12-25
i. S. TREASURY ISSUES
N E W SAVINGS
SECURITIES
81 Savings Stamps and SIS
Certificates Ready Jan. |.

An intensive Savings Movement an
der the direction of the Savings Rivis-
ion of the Third Federal Reserve NDfs-
trict, with Offices in the Federal Re-
serve Bank, in Philadelphia, will be
stressed during 1927, according to the
announcement made by George +.
Lloyd, Director, following the state
ment issued by Secretary Houston of
the U. S. Treasury.
The new Treasury Savings Securi-
ties will be issued during the coming
year-a $1.00 Treasury Savings Stamp
and u $500 Treasury Savings Certih.
cate.
The $l.00 Stamp will be bright red in
color imprinted Oh a green tint, and
will bear the picture of Alexander
Hamilton, first Secretary OF the Treas
ury. 1t will sell for one dollar. and
will be simply a Thrift Stamp four
times as big as the old mes, to be ex-
changed for Savings Stamps and Ger
tiicates.
The S25 Certificate Will be similar in
design and terms to the present Treas
ury Savings Certificates of one hun
dred and n thousand dollar denomin-
ations. 1t will sell for $1,000 IL Jann-
airy and will be worth S25OO on Jaml.
airy LIST, 1926, bearing a per cent H..
terest compounded quarterly. Its cost
will increase five cents every mon. j
and its redeemable value will swell
accordingly.
This means that the public will :
able to buy next year Thrift Stamps
In 20 cents and ST sizes, and interest
bearing Government Securities in de-
nominations of So, S25, 500 and $1,000.
The 1921 War Savings Stamp will
be orange in color, larger than the
present red ones, and will bear the
picture of Lincoln. The 1920 series
bears the portrait of Washington.
Secretary Houston in his announce
ment declares there has been a reac-
ton since the armistice from the hab-
its of saving. but that the demand for
Savings Securities has continued
strong in many parts of the COUNT
He stated that THE Treasury is COM
mitted to the continued sale of Gov
eminent Savings Securities and feels
that as time goes on continuous sales
of Savings Securities over the counto
at postoffices and banks throughout the
country should play an increasingly
important part in the current financing
of the Government.
1.-THE Savings Division .Jfil also con-
tinue TO devote its hest efforts to e
veloping the secondary market for Lib
erty Bonds and Victory Notes." contin-
ues Secretary ITonSton. AT current
market prices Liberty Bonds offer a
unique OPP unity TO investors, large
and small, and are being widely alb
sorbed for investment. Many employ
ers, banks and other agencies throus J.
out the United STATES are r~e-establish-
Ing partial payment plans in order to
provide facilities for instalment pur-
chases at prevailing prices. At the
same time, grent numbers of bonds are
being purchased outright by small in
vestors as savings become available.
With reduced prices for commodities
and lower money rates, ne market
prices of Government Securities, like
the long term Liberty Bonds. are bound
to appreciate. Widespread purchases
of Liberty Bonds for Investment II
serve the best LAterest not only o. the
country as a whole. but also of invest
ors themselves"