Jasper County Democrat, Volume 21, Number 16, Rensselaer, Jasper County, 25 May 1918 — U. S. TREASURY CERTIFICATES [ARTICLE]

U. S. TREASURY CERTIFICATES

Remarkable Showing Made in Subscriptions by Jasper County Banks. In January the Secretary of the Treasury announced that Treasury Certificates would be issued every two weeks commencing with January 22, and he asked every bank in the United States to subscribe regularly and take one per cent of their resources per week for ten weeks, which would amount to ten per cent* of the resources of each j bank. The certificates were issued in anticipation of the Third Liberty loan and the banks. had the right to use the certificates in payment for the bonds. Each issue of certificates was to mature in ninety days from its. date. The Federal Reserve bank of Chicago has issued a statement showing the total amount bought by each bank in its district, and the following figures are taken from such statement and show the amounts bought by the banks of this county and also neighboring counties; Jasper County. Bank of Demotte $ Bank of Remington 3jt,000 "National Bank of Rensselaer 10,000 State Bank of Rensselaer. 37,000 Trust & Savings Bank of Rensselaer 100,00 0 Bank of Wheatfield .... 5,000 I ; Total ' $243,000 Newton, County. Bank of Brook i $ First National Bank of Goodland 10,000 State Trust & Savings Bank, Goodland 5,000 Discount & Deposit State Bank, Kentland 2,000 Kent State Bank, Kentland 20,000 Citizens State Bank, Morocco 3,000 Farmers’ State Bank, Morocco .. 2,500 of Mount Ayr. 3,000 Total i ..$45,500 Benton County. Farmers & Merchants Bank, Arabia $ 500 First National Bank, Ambia Farmers & Merchants Bank, Boswell First National Bank, Boswell 25,500 Earl Park State Bank 1,000 'Bank of Benton County, Fowler ............... First National Bank, Fowler .., 10,000 First National Bank, Freeland Park ........ 8,000 Farmers & Merchants Bank, Otterbein ........ State Bank of Otterbein. . . 5,000 Bank of Oxford State Bank of Oxford Raub State Bank Total .$50,000 White County. Bank of Brookston $15,000 Farmers Bank, Brookston. 2,000 State Bank of Burnettsville 2,000 Bank of Chalmers State Bank of Chalmers. . . State Bank of Idaville. . . 10,000 State Bamik of Monon. ~. . . “Monon Bank 2,000 Monticello National Bank. . 15,500 Farmers State Bank, Monticello The State Bank of Monticello 45,000 White Co. Loan & Trust Co., Monticello 20,000 Bank of Reynolds ....... 15,000 CState Bank of Wolcott.... 20,000 Citizens'State Bank, Wolcott Total $146,500 Pulaski County. State Bank of Francesville. $ 3,000. First National Bank of Medaryville Medaryville State Bank.... First National Bank of Monterey 10,500 First State Bank, Star City 5,000 Citizens National Bank, Winamac 10,000 First National Baulk, Winamac 45,000 First Trust & Savings Bank, Winamac ...... • 5,000 Total $75,500

It is easy to see that many of the banks did not comply with the request of the government by buying certificates to an amount equal to ten per cent of their resources and thus loaning that amount to the [ government, but the banks which did do so are entitled to the satisfaction that comes from the feeling of having done their full duty in this service to the country. In fact several of the banks took no certificates at all. Jasper county, with but six banks, took five times the amount of Newton county, with eight banks, and Benton county with thirteen banks; nearly four tiipes the amount of Pulaski coun-, ty, with eight banks, and more than sloo,oo0 t more than White county, with fifteen banks.