Page 5 of 26 Dec 1919 Issue of Winslow Dispatch in Winslow, Indiana

Winslow Dispatch December 26, 1919 Page 5 old newspaper archives

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Winslow Dispatch (Newspaper) - December 26, 1919, Winslow, Indiana ^PPÜPPP THE WINSI^W DISgAT^j|Íliao^ INDIANA. % r «.S. ADVISES FARMERS BEST WAY TO INVEST Transfer of Liberty Bonds Held by Banks Urged as Aid to Cut H. C. L. Through the State Agricultural colleges of the Seventh district, as well as the other districts of the country, the savings division of the treasury department is starting a campaign to promote savings and investment in government securities, especially for the benefit of the farmer. In a letter to the State Agricultural colleges Be»-jamin R. Andrews, vice director of the savings division, said in part! “The treasury department is offering Thrift and War Savings stamps, $100 and $1,000 Treasury Savings certificates (War Savings stamps in larger denominations), and Treasury Certificates of Indebtedness. It is also urging the transfer to private investors of the Liberty bonds still held by banks, which, as the federal reserve board has pointed out, by reducing the inflated credit situation will be one effective factor for checking rising prices. “The farmers of the country took their full share in the war loans and for the first time became generally investors in securities. The problem arises: Can they to their own advantage continue to invest money in securities, and if so, what form shall the investment take? A leading rural economist recently pointed out that the farmers could not do better than place their surplus funds in Liberty bonds. From many quarters comes the warning against the danger in rising land prices w'hich are in part due to the investment of the farmer’s surplus in land which he does not intend to cultivate, but to rent or sell again. “The government is interested in promoting the holding of Liberty bonds, in preventing fraudulent practices by Liberty bond manipulators, and in continuing the fiow of money into Liberty bonds and other government securities.” Following are the chief points the treasury department wishes to be brought to the attention of people in rural districts: Possible investments for farmer; (a) Re-lnvestment in his o.wn farming desirable as long as more capital can be profitably employed; (b) land mortgages—safe but not readily convertible to cash or convenient as collateral for temporary bank loans; (c) personal notes—risky; (d> shares of stock—speculative and risky, farmer not in position to have Special knowledge; (e) government securities, absolutely safe as to principal and interest—no question as to prior claims, always marketable or redeemable. Government securities now available :.. $5 War Savings stamps and $100 and $1,000 Treasury Savings certificates, maturing January 1, 1924, redeemable on demand sooner, paying 4 per cent compound interest; Treasury Certificates of Indebtedness, $500 up, running for a few months with interest at 4% per cent and 4% per cent; Liberty bonds and Victory notes, .$50 up, purchasable in open market through local banks. Characteristics of these different securities—^bonds especially desirable as collateral for temporary loans at banks. of government investment: (a) Increasing saving fund of the country; the dollar put Into government securities releases a banking dollar; (b) expánsion of business and trade; effect on foreign trade especially Important to farmer as the extension of credits abroad is the sole way of making possible the sale of farm products abroad; increasing capital available for agriculture; (c) high cost of living situation, since increased production and saving are the two funda mental cures for rising prices and investment in government securities provides both; (d) rural land speculation craze—aided by farmer who puts his surplus into farm lands for leasing or sale; checked by government investment; effect of speculation on future farming. “Holding your government securities is good cltizen8hip.”—Why? The gov-amment is still borrowing funds. Farmer now a mark for fraudulent stock operators. Liberty bond scalpers, fiow <dieck fraud? PIES VS. LIES By NELLIE GORDON. THRIFT CHAIRMEN APPOINTED BY ILLINOIS CLUB WOMEN Mra. Fnsdorlck A. Dow Hears F«»eiv ably From All but Eight Dia-tricts In the State. WORK, SAVE, SUCCEED (W. 8. 8.) ^ ;yÍROIN ISLANDS SET EXAMPLE. Sam’s newest possession, the Islands, has taken most rapidly i^itoBertcan ideals, according to infop-received by the Savfhgs Dl-_ of the Treasury Department, email population of the iirtands largely of the forelgn-bom, $2,500 worth of War Sav-etamps has been sold there this .the per' caxdta purclmees comía vorahly with those of states# of the ^^on. ^ses tor the/IslaDds up August tlda ytoir avep-lá|8Í¿8Mr aaifli sQuare m&aTÁí At exactly 1:45 p. m. Grace burst Into the ofiice 15 minutes late. “Oh, girls,” she almost shouted. “What do you think? The ML Washington docks' tomorrow afternoon at 2:30. And Jack’s on IL” “So is Bill,” cried May. “And Joe,” added Helen joyfully. Everyone had answered except quiet Ruth Bent. A comparatively neW arrival in the city. “I notice Ruth hasn’t said anything,” teased Grace. “I’ll wager there’s some special ‘he’ on that boat that she’s thinking about. Come, ’fess up, bashfulness, isn’t there?” Poor Ruth’s cheeks burned with humiliation ; if she were only able to say “yes,” but a lump rose in her thx’oat and she couldn’t answer, “I know it,” triumphed Grace; “she doesn’t, answer. That’s why she has been so quiet. She’s been waiting for him.” Ruth opened her mouth to protest, but stopped. Why shouldn’t she let them go on thinking that thete was someone? Perhaps they would treat her with a little more respect hereafter. Just before closing time the office manager made the announcement that In view of the general interest shown in the docking of the ti-ansport the next afternoon would be half-holiday so that the girls might go down to the pier. His words were greeted with great glee, and they Immediately began making plans for the morrow. “I’ll tell you what, girls,” began Grace, the leading spirit, “we’ll all go down together direct from the office. And I was just thinking that the boys might appreciate something in the line of sweets. You know, they don’t get much of that in the army, so why wouldn’t It be a good idea for each of us to bring a pie?” The idea was instantly adopted, and the girls separated, promising to bring the most delicious pie possible In the morning. Poor Ruth! Her harmless white lie. If lie it could be called, was assuming al^mlng proportions. What should she do? The mighty Mount Washington, bearing her precious cargo, of khaki-clad heroes, was steaming toward the harbor. The din of clanging bells, piercing- whistles, and people shouting, all testified to the stupendous welcome which awaited them. One lad, standing a little apart, leaned over the rail watching the nearing city sky line. The thrill that he had felt upon hearing the noisy welcome had died away, leaving .In its stead a dull ache of loneliness. If only there would be some one there, who would be looking for him alone. It had been hard to listen to the other chaps, whose mothers, sisters and sweethearts were on the pier, waiting to greet them. Bob Crandall was an orphan, from a far western city, who had enlisted at the beginning of the war. He had no relatives, and what few friends he had were hundreds of milefe from here. The girls, after a hasty lunch, arrived at the pier In due time. After the docking of the boat, Ruth had somehow become separated from the others in the monster crowd. She leaned against a post wearily, protecting her precious pie as best she could. Suddenly she spied one chap, standing alone. an unusual fact, as most of the fellows were surrounded by a small feminine army. At sight of his rather weary face, a daring Idea popped into her head. Shevwalked over to him and touched his arm. Crandall turned quickly, hat in hand, and asked courteously: “Anything I can do for you?” All of Ruth’s newly acquired courage seemed to ooze away from her. “Why, you—er, that Is—you see, I—suddenly the girls hove Into sight, and her courage retomed, and she quickly blurted out the whole tale. All the weariness dropped from Bob’s face, and he laughed heartily. “I’ll be delighted to act as your fiancee, and also to eat that dellclous-looklng pie. My name Is Robert Crandall, and as I believe It is customary for people to know each other’s names, I will have to ask yours.” Then the gtrls joined them and Introductions followed. When they were again alone, Ruth began to voice her gratitude. “How can I ever thank yon?” she said. “Well, If you feel Indebted to me, perhaps you would be willing to show me this wonderful city of yours while I am here» I expect to remain here about a week, and then I leave for the WesL” answered the young man. Ruth assented, and then begap a wonderful week for the two lonely youngsters. Although Ruth had been In the dUr a few months, she had seen very little of IL and the outings were as wonderful to her as to her companion. ‘ But. the happy week drew to a close as all happy things seefti to have a habit of doing, and they walked toward üuth’s boarding house oh their last evening together. “I think tlüs ha» been the happiest ot my Uf^” anttinmced “and i sdtead< going back ton*OH’ew. I tnoW this mittt sawa t</yoo, dear* h«l'l fiiaat Mrs. Frederick A. Dow, who recently undertook the task of lining up the 60,000 women of the niindis Federated Clubs for the <3overnmmit savings campaign, has received favorable reports from most of the club districts on the progress of the . organization work. Mrs. Dow asked the presidents of the twenty-five club districts in Rllnols to appoint thrift chairmen. She has heard from all but eight districts. The chairmen appointed are: First, Mrs. C. D. Stone; Second, Mrs. Howard Ames; Third, Mrs. H. H. Day; Sixth, Mrs. W. J. Benson; Eighth, Mrs. Inez Deach; Ninth, Mrs. W. G. Cook; Tenth, Miss Fannie Whiting, Chicago; Twelfth, Mrs. Minnie Cofield, Tónica; Thirteenth, Mrs. Adolph Eichlor, Dixon; Fourteenth, Mrs. Flo Ervin, Biggsvllle; Fifteenth, Mrs. B. D. McCracken, Knoxville; Seventeenth, Miss Roxanna Hill, Pontiac; Eighteenth, Mrs. J. R. Hanlon, Grant Park; Twenty-first, Mrs. C. S. Mahan, Palmyra; Twenty-second, Mrs. Peter Johnson, Collinsville; Twenty-third, Mrs. Harry Farson, Salem; Twenty-fifth, Mrs. B. E. Jacobs, West Frankfort. “Because the war is over many people think all movements started during the great world conflict are now ‘dead issues,’” said Mrs. Dow. “But that is not true of the savings campaign of the government, and the women can play a very vital part in making this a great success, not only to help finance the government but to help themselves and the community in which they live. Some women have an idea that this campaign is only a man’s affair. They arfe mistaken. There is no better channel to make thrift a permanent habit than the home, and it Is through the women the home can be reached. The job of making this campaign a success^ is just as much a woman’s as a man’s. Íítfr; ’liOUL^D a maik wHo loves as onlx real men love» ‘wrtfcK Kis career and min His life to protect tHe woman He Has married? start saving armistice day NEW SAVINGS CERTIFICATES CALLED MARVEL OF FINANCE U. s. “Baby Bonds" of $1<X> and $1,000 Denominations Are Becoming Popular InvestmenL Reports from all parts of the Seventh district show the Increasing popularity of the new $100 and $1,000 Treasury Savings certificates. They are virtually “baby bonds!’ and their investment value is readily seen. Both banks and individuals are investing in this new form of government, security. Secretary of the Treasury Glass has characterized these certificates as “the marvel of finance,” and Albert Bosr well, manager of sales for the Seventh District War Savings organization, has pointed out six reasons why this term of the secretary of the treasury fits them. The reasons are: 1. They carry valuable tax-ex-empti on privileges. 2. They cannot depreciate in value, not being subject to market fluctuations. 3. They aré a liquid investment, redeemable for cash on ten days’ notice. 4. They yield a substantial Income, actually more than 4% per cent. 5. They are short term, . maturing January 1, 1924. 6. They represent absolute ^safety as obligations of the United States government. The $100 certificates may be purchased at post offices of the first and second class and at banks; $1,000 cer- j tificates may be obtained through banks or trust companies and certificates of either denomination may be ordered direct from the War Savings district headquarters, 105 West Monroe street, Chicago, Rl. The new certificates are issued only in registered form with the name of the owner written fn at the time of the parchase. The registration records are kept In Washington and this feature Is a protection to the Investor. War Savings certificates filled with twenty War Savings stamps, series of 1919, may be exchanged for Treasury Savings certificates in denominations of $100, and ten such War Savings certificates may be exchanged for a $1,000 Treasury Savings certificate. The price of the $100 certificate in November 1» $84.40. The increase in, cost hi 20 cents each month. The $1,000 certffl-cate fh November costs $844. The price.of this denomination increases $2 a^onth. O' I < : 'I Si' Henry 2?. Walthall in **And a ^tiU Small Voice.** IN “And A Still Small Voice” e See the “Little Colonel” of “The Birth of a Nation” in the most lovable role he has portrayed since his historic appearance in the Griffith masterpiece. In this he portrays the role of a Southern Gentleman vi^ho sacrificed honor and career to save sorrow for the woman of his heart, n Friday Night, Dec. 26th. Theatre Admission 10 and 15c. It ll. —BUY ONLY WHAT YOU NEED-* $700,000,000 IN FOOD WASTED. The National Association of Wasto Material Dealers estimates that Amerit cans throw away $700,000,000 worth of; food each year. If only one ounce dl food is wasted or spoiled in ea<* ofr the 20,000.000 homes In América, Umt total loss is 1.300,000 pounds a day. much coal is wasted annually M «l|^ the mines of the country could duce in two werica. 4 dCAKC ImWY WORK FOR Aft lavestniOBt of $100 18; BoftéS IftCMOSes to ftSO to YOU can't help cuttfaag le remai^ every time smokespot with Priiw^ / ^ jmi 80 fáir and square. H^ascul^ /pipe and cigarette sue ifig as it ift delightful every hour of Ú» Xt^i never too tatd'to hop into the Pripee _ r For, P. A, is tr^ger-ready to (¡m V fm iimn you ever had in yoisr it Aas tJh» qumSty*

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