New Britain herald., 1922-01-21

A few years ago comparatively small number of people had even a superficial knowledge of or interest in government securities. Then the war came. and with 1t, the issuance Of Liberty Bonds which went directly Into the hands of the public and which furnished the inspiration for study of government securities Tn a general way, The result has been that the rise and fall of the bond market Is being watched quite as closely as the fluctuations of the stock market the audience being composed in large part Of humble tolers who loaned money to Uncle Sam when he needed to buy guns, explosives and other ma terial of war.
 New securities have been issued by the United States government, called Treasury Savings Certificates, which are expected to have a wide sale. The certificates are issued in denomiRa- tions of s25, $lO0 and Sl,00O, cost @ob. $50 and $500 respectively and pay in- terest compounded semi-annually at the rate of AZ per cent. At the end of five years they will be paid at full maturity value.
 One of the objects of the issue, be- sides the fundamental purpose of rais- ing money. is to help popularize gov ernment. Nothing makes for more substantial ctizenry than the posses sion of government securities. It has been said frequently that man who owns his own home Is certain in times to nII cpt If this be true, will not the owner of government securities be even more eager to give his support when such support Is needed?
 United States securities are, at pres ont at least, the safest investment in the world This being the case, Treas ury Savings Certificates should appeal strongly to conservative people of moderate means. They are made all the more desirable by the fact that they are redeemable at any time at a guaranteed fair rate of interest. The owner assumes no risk, as did buyers of Liberty Bonds, because the cer- tficates are protected against depreci- thrown about holders of these securi- ties is the fact that they are register ed and non-negotiable.
 On January 1st, 1923, war savings stamps to the value of s600,000,0O0 will fall due and the government ex- poets that many owners will accept new Treasury Savings Certificates in payment. Thus part of this vast debt will be refunded without causing any financial disturbance, and those who had enough foresight to buy stamps will find that their original invest ment has been increased as the new certificates carry more generous rate of interest
 With the retirement from office of Arthur w. Rice, clerk of the board of compensation and assessment, New Britain will lose a public servant who has performed his duties conscien- tiously and well. MT. Rice is the old est man in point of service in the em- ploy of the city, having been active in office for more than fifty years. For the past three decades, he has been n member of the board of compensation and assessment.
 In all his public acts, MT. Rice has thought only of the welfare of the city. Because of his long and inti- mate contact with the public, he has acquired a profound knowledge of human nature and perhaps could tell many stories of an amusing, tragic or otherwise interesting nature. His position on the board of compensa- tion and assessment is one that calls for tact and diplomacy, as well as honest judgment and a desire to be just to the city, as a unit, and to the people as we'll In these attributes MT. Rice has consistently acted with praiseworthy success. New Britain owes him debt of gratitude which it will never be able to discharge, be- cause such services as MT. Rice rem dered cannot be bought.
 Wednesday of this week was the | i 10th anniversary of the birth of Daniel Webster, and yet 1t was allow ed to pass without the slightest at tention being paid to his memory. Tn | the life of nation, 140 years Is not | long, yet the years fly past |