Jasper County Democrat, Volume 21, Number 102, Rensselaer, Jasper County, 22 March 1919 — CONSIDER LOTTERY SCHEME [ARTICLE]

CONSIDER LOTTERY SCHEME

Secretary Glass May Adept New Plan to Sell Bonds. New Yort, March 21.—A government lottery for the purchase of Liberty bonds Is under consideration by Secretary of the Treasury Carter Class, according to a statement made by the orlgnator of the novel plan. George B. Buchanan, a stock exchange merpber. The plan provides for the drawing at stated Intervals.of bonds of the several Issues at slight premiums over their face value —$101, or $lO2. “This would check the selling of bonds by small holders more effectively than purchasing them in the market," said Mr. Buchanan, “for the chance of securing a premium on a bond would keep many people- from selling who are not compelled to sell through necessity. The money being used by the government to buy bonds could be utilized under such a scheme, and it would stabilize prices by stopping unnecessary selling.