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Show TWELFTH FEDERAL RESERVE DIST GETS SECOND PLACE For Per Capita Investment in Thrift and Was Savings Stamps During Year 1919. I Washington, D. C. March 30 The Twelfth Federal Reserve District, 'embracing the seven states and territories ter-ritories of tho far west, ranked second sec-ond in per enpita investment in Thrift and War Savings Stamps and Treasury Treas-ury certificates during 1910, according to a report of the Savings Division I of the Treasury Department. Tho , Fourth District, with headquarters I in the Fcdernl Reserve Bank nt ' Cleveland, was first, j The per capita investment-in .the Government's Thrift securities' in tho Twelfth District, made up of the 'states of California, Oregon, Wnsh-ington, Wnsh-ington, Utah, Idaho, Nevada, and part 'of Arizona, was $1.07. The total J cash investment was 7,314,M2. The Fourth District, comprising Ohio, Northeastern Kentucky, nnd Western Pennsylvania, outstripped all of tho Federal Reserve Districts by one hundred hun-dred per cent and more. Their per capita investment was $2.M, and the cash total wns $17,331,597. The total sales throughout tho United States were more than $134,-0000,000, $134,-0000,000, a tremenduous peace-time 'contribution to the working capital of the United States nnd without doubt the most effective attack on high prices, unspectacular as it was. Officials of the Government Snvings Organization nre confident thnt the 1920 investment of the public in thrift nnd War Savings Stamps and Treasury Treas-ury Ccrfificates, tho two latter carrying carry-ing four per cent interest compounded compound-ed every three months nnd mnturing 1 in five years, will exceed the 1919 snlcs. Hysterical conditions immed-intely immed-intely following the close of tho wnr handicapped the Thrift movement Inst year. ! The Government Snvings Organizn-I Organizn-I tion for each Federal Reserve District operates under the supervision and in connection with the Federal Reserve Bnnk of the district. Compared with . the Thrift organization during tho war, in most districts only n skeleton I organization remains to carry on the I movement during pence. All govcrn-. govcrn-. ment Snvings organizations nre work-' work-' ing through schools, churches, fraternal frat-ernal organizations, women's clubs, . industrial organizations, nnd labor 'unions. Expensive, flamboyant wnr-i wnr-i time drives nnd the like have been discarded dis-carded in the Thrift movement, and a steady, intelligent effort substituted through the above channels, with the help of fnr-visioncd nnd patriotic newspaper editors who feel that in tho wake of the thrift movement lies n grent good for America. a . |