Evening Republican, Volume 22, Number 228, Rensselaer, Jasper County, 20 September 1919 — NEW SAVINGS CERTIFICATES [ARTICLE]

NEW SAVINGS CERTIFICATES

SIOO and SI,OOO Government Securities Are Available In September for SB4 and SB4O Respectively. Treasury Savings Certificates in denominations of SIOO and SI,OOO are being distributed throughout the five states of the Seventh Federal Reserve district. They may be bought during the month of September for SB4 and SB4O respectively. These new government securities are in reality discount bonds. They will mature January 1, 1924, and are issued only in registered fofm to insure them against theft or loss. The same rate of interest is paid as for War Savings stamps, namely 4 per cent compounded quarterly. War Savings Stamps of the 1919 issue may be exchanged for the Treasury certificates. The Treasury Savings Certificates are offered to the public at any post office of the first or seeon d ctassanxi -nt mv>nrporated bunka und trust panies which are agents for the sale of 1919 War Savings Stamps. The name of each purchaser will be inscribed on every certificate, the registration records being kept at the Treasury department in Washington, D. C. Each month the new certificates will increase in price. They began in July at SB3 for the SIOO certificate and at $836 for the one which will be worth SI,OOO when it matures. Thus the income increase is twenty cents a riionth for the smaller certificate and two dollars a month for the other. They are tax free except Inheritance, surtaxes, war profits and excess profit taxes.