“War Savings Stamps to Be Sold in Nation,” from the Watauga Democrat, November 22, 1917
Washington, Nov. 13—Plans were announced tonight by Secretary of the
Treasury McAdoo for a nation-wide campaign for the sale of $2,000,000,000 worth
of war savings certificates. He has created a war savings committee, of which
Frank A. Vanderlip, the noted New York financier and banker, is chairman, to
float these certificates, and the sales will begin on Monday, December 3.
Any person may invest amounts as small as 25 cents at a time at post offices
and other places were accredited persons will act as selling agents. After the
sales begin the certificates may be purchased at any time. At the average 1918
selling price such investments will yield 4 per cent compounded quarterly. The
certificates will be dated January 2, 1918, and will mature January 1, 1923. No
person may purchase at one time more than $100 worth or hold at one time more than
$1,000 worth of the certificates.