The circle banner. [volume] (Circle, Mont.) 1914-1939, 1924-04-11


remarkable securities?
Right now | can think OF no bette
investment than United States treas
| Ury savings certificates. which ar
among the most attractive securitie
issued by our government" declare
Andrew w. Mellon. secretary of tn
| treasury, the other day. 'They ar
backed by the credit of itbe Unite'
| States. pay q liberal rate of interes
and are issued in denominations with
in the reach of ALL
In the same spirit, bankers ant
financial authorities generally, have in
dorsed the new certificates as idea
investments for the everyday citizen
the worker Of moderate means, who
has onlyss small amount of money t.
invest and who wants to make sure
his money Is in absolutely safe hands
Even npw, after treasury savings
certificates have been offered the pub
lie since41921, there are millions of
people who have only vague ide;.
Of what they are and where they may
be obtained-although If they only
knew the facts they would rush to
buy Them,
II has only been since December J.,
however,g that the certificates were
offered with the attractive interest
rate of Az per4cent, and from the
stream of reports coming to my de-
partment | can predict an even larger
increa Sc in the purchase of the certi.
Gates than last year, when the In
crease was s90O00.O00 over the pre-
vious year.
1880 Bought In Three Days.
For example. in the Federal Reserve
bank in Philadelphia alone 1850
certificates were bought by the public
in the first three days after the Ger
tiflcates were placed on sale. That is
Just one bank and in 'ust one city
BIT II gives an idea Of how eagerly
the ordinary citizens are buying these
new government securities
NY investigations show that It Is
the great middle class which Is buy
ing most Of the new certificates. For
one thing. the government refuses to
sell more than $1,000 of any one issue
to one person. and this has served to
keep the millionaire investor away.
although I know for fact that many
rich men have bought $1,000 lots of
the certificates simply TO put away
in their safe deposit vaults.
The reason is plain The certifi
Gates are as good as gold. and no
matter how the stock market may
agitate the prices of other securities
the treasury savings certificates are
always worth more than was orig
lnally paid for them. Furthermore.
they may be cashed at any time he
fore maturity and the owners will |
pounded semi-annually. Even million
aires are glad to have securities on
hand that can be turned into ready
money with little delay
And-just as !. predicted months ago
the Official records show that some
Of the most enthusiastic buyers of the !
new certificates; are the citizens of i
foreign birth 1t is with a sigh of re-
ief and gratitude that they are turn
ng to this practical and profitable in
restment provided them by the country
n which they have placed their I'm
illicit faith.
Foreigners Heavy Buyers
For example. in the coal districts of
Pennsylvania, in the mining towns Of
Vest Virginia. Illinois and Michi-'
an. in fhe great foreign centers of
'ur cities, the latest figures show the
ereign citizens are buying more than
he average. The citizens of italian.
'olish. liGerman, Czechoslovak and
extraction are wisely in
esting their surplus funds in treas
ry certificates.
at is safe" they say. "Safe as the
United States itself And there is no
eed to worry about the certificates
eing lost by fire or theft. because
hey are registered In our names In
Washington. Besides they pay good
interest. better than we could get else
here with safety 1t is Just the in
estment we have been waiting for"
Yesi These new certificates en-
orsed and backed by the government
re safe-as safe as the nation Itself
,r the whole nation pledges itself 70 !
ay back to the purchaser the original
mount invested plus Az per cont in {
rest. compounded semi-annually at ,
aturity. which is FIVE years from the
Nv Of purchase. ,
Post offices throughout the country
e selling the certificates in steady
,lume. IT Is now as easy to buy =
as 1t is TO make a purchase
q store. And while you are entrust. :
z your money to Uncle Sam. II is
eadily working for you Sosthat II
u give the postmaster 500 you VIII 0
ceive s25 at maturity; $50 will hnv 0
800 certificate and $500 will Obtain j
r youEa certificate that will bring i
900 In cash In five years.
Take a young man who is about to c
{ married. Buying s25 certificate \
CHI month he will lay aside a $500 c
st egg in Ave years. That will help s.
nsiderably in the purchase of small