The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-12-28
CAN GET CASH
FOR WAR STAMPS
Expert Tells How Stamp
Owners May Secure
Cash for Stamps.
OR OTHER SECURBIES
fBv United Pressl

Washington - Owners of War Saw
ings Stamps Of the 1918 series will be-
come eligible January l to "cash in"
their stamps or certificates at full
value, 500.
Treasury officials are preparing to
wipe $625,O00,O00 from the debit side
Of Uncle Sans ledger, or transfer
part of it to another account.
Two methods Of redemption are Of
fered by the treasury, cash redemption
or exchange for treasury certificates,
similar to the stamp certificates.
The prerequisite to either method of
redemption is the filing out Of Form
P. d. $780, copies of which may be OBJ
tanned at any postoffice, from Federal
Reserve Banks, from the treasury, and
possibly from local banks.
Cash Customers Observe:
Holders of stamps who desire cash
must follow the following rules:
If their certificates are registered,
they must be presented to the post
office where registered, accompanied
by Form P. D. $50, as they are payable
nowhere else.
If their certificates are unregistered,
they may be presented at any money
order postoffice in the country, at any
local bank, at any Federal Reserve
bank or at the treasury in Washington,
accompanied by the necessary form.
Unregistered certificates are payable
at any of these places.
Immediate cash redemption at banks,
however is at the option of the banks
Some institutions may desire to re
ceive them for collection, the cash to
be paid the holder after the bank OBJ
tains it from it's nearest federal reserve
bank.
The Other Plan.
Thrifty persons VINO desire to keep
their money in government invest
ments may exchange their stamps for
the new issue of treasury certificates.
Government fnanciers urge this ex-
change to afford relief to the strain on
the treasurys cash assets.
These certificates are issued in de-
nominations of $685. 800 and $1,000.
Holders of stamps may exchange them
for these certificates at 5000 for the
500 certificate, $82 for the 500, and
$500 for the 1000. The difference be-
tween the old and new securities will
be paid in cash. Five years from date
of purchase, the certificates are pay
able at face value. Owners of the GER
tifcates may obtain at any time prior
to maturity full principal, plus interest
at 5 per cent up to that date. ALI these
certificates will be registered in Wash
ington and will thus be practically
theft-proof
Exchange at POstoffice.
Exchange of stamp certificates for
treasury certificates may be made, in
the case of registered certificates, at
postoffices where registered and in the
case of unregistered certificates, at
money-order postoffices. Federal Re
serve banks and branches. Arrange
ments may be made with local banks
for this exchange, but the places men
toned above are the only ones rec
ognized by the government as official
Treasury officials hope that at least
half of the $625 900 of outstanding
war saving stamp certificates will be
exchanged for the new certificates.
The exchange will greatly aid the re-
funding activities of the treasury and
will obviate the immediate paying-Out
of cash which it is desired to avoid I'M
til the war time humps in public debt
are smoothed out.