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Newspaper
Roanoke Rapids Herald
Location
Roanoke Rapids, North Carolina, United States of America
Date
Jul 11, 1919
Page
7
Government converts hand grenades into miniature thrift banks for U S school children to promote saving. Explosives removed and bodies repurposed as penny banks. thrift stamps then convertible to War Savings Stamps. District offices plan distribution from regional headquarters in Richmond.
The War Loan Organization of the Fifth Federal Reserve District promotes grenade banks as banking toys for children during vacation. Each child deposits savings to buy War Savings Stamps, with banks lending the grenade and returning it at vacation’s end to tally funds. If enough saved, a War Saving Stamp is purchased. otherwise cash is exchanged for Thrift Stamps. The program encourages thrift and national war support.
The British War Savings Commission declares a permanent nation in England with a focus on thrift, economy, and a simple life for the well to do. It stresses prudent use of goods and services, urging restraint and growth of savings as a social movement applicable to all income levels.
On New Year’s Day 1993 a remarkable surge in dividend payments to Americans is expected as War Savings Stamps redeem. Banks and thrift institutions are urged to educate the public about thrift and mobilize funds for national finance, with every dollar deposited or policy held serving as a form of indirect government loan and production stimulus.
A feature profile describes how a woman accumulates War Savings and Thrift Stamps to curb spending. She records every quarter or dime, using a Thrift card and a penny bank idea, and notes how saving leads to buying goals and personal satisfaction.
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