The Mt. Sterling advocate., 1922-12-19
LIQUIDATION OF SECURITIES

terday by w. II. Yeasting, president
of the Tho Bankers Association:
More than ever before we are for.
chilly impressed with the widespread
effect OF the government campaign
during the war for the huge amounts
of money which went into our efforts
in the world conflict
On the first day of the coming
month there will be due and payable
to approximately 20,OOO,OOo people
who invested in the 1918 series of
war savings stamps an amount in ex-
cess of 100000, which stupen-
dous sum represents the amount of
outstanding 1918 war savings stamps.
This means that practically every
family in the nation will receive some
amount back from the government.
The payment of this vast sum will
benefit every city. town and hamlet
in the country. as there is hardly
community which did not invest,
through its people, in these baby
bonds" On January l the govern
ment will not only return the tmount
invested. but the five years accumu-
lated interest as well.
Never before has there been such a
widespread and effective lesson in
thrift placed before the American peo-
pie. Never before was there the re-
sponse to such an effort so general.
for the investment of even the small
est sumo, the governments plan ham
mered home the possibilities of saw
ing in small amounts as no other
medium could. The people of Ohio
invested $106,0OO0OO in war savings
stamps. OF this amount $60,O00,000
remains to be redeemed on January
to the original owners. This means
that Sc per cent of the stamps origi-
nally sold are still owned by those
who bought them.
In an effort to continue the plan of
thrift, developing safe and consistent
saving, the government is issuing a
new five-year security similar to the
war savings stamps and known as
treasury savings certificates, in de-
nominations of $1,000, O1OO and $25,
which can be purchased for $500, $50
and $20.50, respectively. OF this new
issue individuals and corporations
may own $4,000, maturity value,
which is great Improvement over
the 1918 issue of war savings stamps, |
when the limitation of ownership was
$1,000, maturity value
Records of the savings division of
this district show that Ohio led the
nation in the purchase of these secur- !
tiles. While the people of Ohio may |
not be better savers. certain it is that .
they responded more readily ard in .
greater volume TO the very superior !
plan of campaign workd out by the |
Ohio organization. /
Holders of these securities soon to !
be cashed are warned against the un-
wise investment of the money to be |
paid them. The banks of the state
have been appealed to in an effort to
give the most trustworthy guidance
TO those having such money to rein.
vest. AS during the war days, the
banks have responded whole-hearted-
", agreeing to all the expert knowl-
edge at their disposal in the hands of
customers and non-customers alike
may be interested in safely reinvest-
ing their redemption money. While
officials Of the savings division of
his district are urging the holders of
1918 war savings stamps to reinvest
In treasury savings certificates, they
10 rot discourage the buying of safe
bonds and other securities but they
DO make it plain that such invest
nents should be made only after thor.
Dugh investigation through establish
ed financial channels. The Ohio
Bankers Association, the member
ship of which consists of about 1900
banking institutions in the state, re-
|