Jasper County Democrat, Volume 22, Number 89, Rensselaer, Jasper County, 4 February 1920 — SAVINGS CERTIFICATES OUT; INVESTMENT VALUE SHOWN [ARTICLE]

SAVINGS CERTIFICATES OUT; INVESTMENT VALUE SHOWN

"They Always Are Worth More Than You Paid for Them," Slogan of 1920. “They are always worth more than you paid for them." With this as their slogan representatives of the War Savings organization of the Seventh federal reserve district are touring the states of Illinois, Indiana, lowa, Michigan and Wisconsin showing banks, corporations and individuals the high Investment value of the 1920 Treasury Savings certificates of SIOO and SI,OOO denominations. This form of government security has been placed In local banks, and for the financial prosperity of the nation and the Individual, the government Is urging a wide distribution. The Treasury Savings certificates, which are virtually “Baby” bonds, bear Interest at a rate a little better than 4% per cent. The price of the SIOO certificates for January Is $82.40; February $82.60. The price Increases 20 cents a month. The SI,OOO certificates may be purchased in January for $824 and in February for $826. This class of security increases $2 a month. Here are some of the attractive features of the SIOO and SI,OOO certificates : e They carry valuable tax-exemption privileges. They cannot depreciate in value, not being subject to market fluctuations. They are always worth more than you paid for them. They yield a substantial Income, actually more than 4*4 per cent. They are short term, maturing January 1, 1925. They represent absolute safety as obligations of the United States government. K change has been made In the terms of the 1920 certificates. They are redeemable at the treasury beginning with the second calendar month after the month of purchase without the ten days’ demand required by the terms of the 1919 certificates. A special Issue of Treasury Savings certificates has been put on the market for conversion purposes. It is possible for the holders of 1918 and 1919 War Savings certificates to convert them into these special Treasury Savings certificates, whose terms and conditions are substantially the same as those of the 1920 issue except for their earlier maturity dates. Holders of one or more War Savings certificates of the 1918 or 1919 Issue which bear War Savings stamps having a total maturity value of SIOO or some multiple of a hundred dollars — S2OO, S3OO, S4OO, etc., may exchange the certificates for the same maturity value of Treasury Savings certificates of the corresponding issue. When two or more War Savings certificates of the same issue are offered for exchange. each one need not bear its full complement of 20 War Savings stamps, provided the total value of the stamps aggregates SIOO or some multiple of it. Treasury Savings certificates taken in exchange may be made out in favor of new and different owners, if the owners of the War Savings certificates so request.