Alma record. (Alma, Mich.) 1878-1928, 1920-02-05
PARTIAL PAYMENT.
PLAN TO HELP ALL
SAVE FOR FUTURE
Seventh District Starts System
With Banks TO Aid Invest
ment in Savings
Certificates.

A partial payment plan which is
calculated to give big imprtus go ,n-
veslment ia the 500 and ST coo Treas
airy SAVING, certificates. which always
are wOrtA more than you paid for
them, is being put into efeG by HE
Government Savings orgauiaa ion Of
the Seventh Federal Reserve District.
This system enables the saver Who
wishes 20 invest ia sound securities
10 do 50 on the instalment plan MS
was done IN the purchase of Liberty
Loan bonds Payments may be- made
on weekly >emi-mOnthly or monthly
basis, the minimum payments being
50, ~ ana SIS respectively. The in
weston enters into contract with II
bank. to which he makes his partial
payments Under this agreement the
bank deposits a. Il nest egg for the
investor one dollar for each 500 COR
tificate purchased from the bank
we have found" said w n. Bns-
worth executive secretary OF the
Seventh District Savings organization,
that there are vast numbers or people
who would ike tn put their money In
these Treasury Savings certificates
who cannot afoSd 70 part with enongh
10 pay for a SiU-t certificate ia sin
gle paymen'. ST. 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
or the Savings Division, headed by
william Matte Lewis
The Investor is thus enabled 10 pur-
chase these Savings certificates on ihe
inStullment plan aud the certificates
are turned over to him when he has
completed his payments. Tie bank
with which he does business also de-
pOsits To his credit in the bank one
dollar as a savings account for each
500 certificate purchased. We feel
that this partial payment system viii
enable many thousands to invest IN
these Government securities who other
wise would not be able to do 50. II
also will mean in many eases the
starting Ut bank savings accounts.
"The safety of these securities is
feature that should NOT 10 lost sight
Of Belne registered. they are insured
against Joss through thert or fre. II
one ever needs the money the certlfi-
Gates IRE rcdccmable, be- ming with
the second calendar mouih after thc
month of purchase without the ten
days deaanl required by the term, OF
the 1919 >. wngs securities"
Tonowin. IS the texr OF ihe agree
meut entered into between the pur-
chaser and The bank he sellers:
hereby enter my Subscription with
the bank named above fur S..........
(MaWrtty yalue) IN Treasury Savings
Certificates, to be paid FOR ,sulnriy
CNccklD
at TIE rate ~ $....... tS"ml'lon,hly)
(Mvmhiy)
Payments viii begin on .., 1920.
and In 40 event can bc comr.red later
than December 81, 1920
Purchase Price OF $1,000 Certificates.
II final payment - nade in
July OBSERVATION-DISCLOSURES. $500
If final payment IS made "a
August .............-.... .... $50
II final payment is made IA
September ................... $500
If final payment is made ia
October ................... Si.2O
If final payment is made IN
November ACKNOWLEDGEMENTS bl.40
II final payment is made n
December ................... N4."p
Upon completion OF said payments
you agree 10 deliver to me the above
described certificate or certificates, aud
for each 500 certificate 50 purchased
to deposit Sl.O0 In your bank 80 The
credit Of savings account with me-
Cor any person may deslgnate) upon
surrender 20 yon Of Partial Payment
Contract OF same date anu number as
this card.
II is understood aud agreed iiut N |
fail to make all payments promptly as
above agreed and II any payment shall
continue IN default ior more 'hHn
thirty days. yon may. IN yonl discre-
tion. after due notice In mr.. by letter
addressed as below Issue Ia nae Var
Savings Stamps ana Thrlrt Stamps
equivalent to The sum OF all money
actually paid in. upon surrender to
YOU az said Partial Paymonf Contract.
II is further agreed thar I shall also
be entitled at any time prior TO com
pletion ~ payments to Ike refund
~ all payments made v I 80 request
and surrender the contract.
II is understood that This contract Is
solely between the bank horned above
and the subscriber and that no ohliga-
ton on the part % the t'n,cd States
arises except on the Treasury Savings
certificate Tor certiica'es) after deliy-
cry ~ The purchaser.
FROM POVERTY TO 500 Oo0, 900