The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-01-27
new CERTIFICATES
NOT PREClABLE
New Plan Speaks Well For the Protec.
tion of the Small Purchaser of
Government Securities.

Theodore G. Joslin, writing to the
Boston Transcript from Washington,
says that financial experts consider
the new issue of Treasury Savings Ger
tificates, which were placed on sale
in the post offices throughout the
country December Is, 1921, the most
attractive securities ever issued by the
United States Government.
The dispatch to the Transcript con-
tinues:
Treasury officials are satisfied
that many thousands of people will
buy the certificates which are in de-
nominations of $25, 100, and $1,000,
costing $40, $50, or $500, respectively,
carrying Az per cent compounded
semi-annually. At the end of five
years these will be paid at the full
maturity value. Many public officials,
including Vice President Coolidge, rec
commended purchase of the certificates
to-day.
"'This is an example, said the Vice
President, of the purpose of the adj
ministration to popularize Govern
ment securities. Everyone knows that
the safest place in the world for in
vestment is in the obligations of the
United States. The excellent future
Of this certificate issue lies in the fact
that it is redeemable at any moment
at guaranteed fair rate of interest
No one takes any chance in having his
investment temporarily decrease in
value as happened to purchasers of
Liberty Bonds. The attractive fea-
lures of the investment are the abso-
lutte security in principal, guaran-
teed high rate Of interest, and guar.
anteed right to withdraw the money
at any time at lower, but still fair
rate of interest,"
unlike some issues in the past, the
purchaser is protected at all times and
under all conditions. If the certifi-
Gates must be surrendered before ma.
turity, the purchaser will be paid the
principal and interest at the rate OF
3R per cent per annum compounded
semiannually. The $25 certificate
bears the portrait head of Theodore
Roosevelt, the $1OO certificate that OF
George Washington, and the $1,000
certificate that Of Abraham Lincoln.
"To afford protection against loss
and theft, the certificate will be ISSUED
only in registered form and will bt
recorded on the books of the Treasury
Department. The name and addres.
of the owner and the date of issue viii
be inscribed on each certificate by tn,
issuing agent at the time of issue. TIL,
certificates will be on sale at practi
cally all post offices, at Federal re-
serve banks, and at such banks ant
other agencies as may qualify for thu
purpose.
Treasury officials emphasize thai
the certificates will not conflict with
Postal Savings; rather that they will
supplement the savings. They say az
well that the certificates should moi
result in any decrease in saving.
banks deposits. In the last three o.
four years, during which period bond
totaling approximately $4,000, 900.
900 have been floated at higher rat
of interest than paid by most saving
banks, savings banks deposits hav
steadily increased. President Hardin,
is especially interested in the new Ger
tificates and hopes that large mum
ber of citizens will avail themselve
of the opportunity of thrift