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Show Certificate Sales Are Mounting The Treasury Department has just announced that the net cash sales of United States Treasury Savings Certificates, Cer-tificates, during the fiscal year end-' end-' ing June 30, 1923, aggregated $195,-019,734, $195,-019,734, of which amount this federal reserve district sold $16,396,327. "These very substantial figures meet our expectations," said John U. Calkins, Governor of the Federal Reserve Re-serve Bank of San Francisco, who is Chairman of the Government Savings Sav-ings Organization for this district. "If sales are maintained at this rate year after year it would mean carry- ing approximately one billion dollars of the public debt in the form of Treasury Savings Certificates which, in the opinion of treasury officials, would be a real distinction to government gov-ernment financing." "Treasury Savings Certificates have attracted large numbers of small investors by reason of their absolute safety with profitable return," re-turn," said Governor Calkins. "These little securities will continue to be offered to the public with a view of hplninp- banks and other legitimate financial institutions to safeguard the funds of their clients ,particular-ly ,particular-ly those of moderate means who are not familiar with investments and therefore become victims of unscrupulous unscrup-ulous stock promoters and other highly speculative propositions." The certificates can be obtained at all-money-order postoffices, from Federal Reserve Banks or their branches, and through most other banks and reput-- reput-- able bond houses. "How Other People Get Ahead" is ' the titl of a booklet recently issued by the Saving Division of the Treas ury Department to aid in this effort. It give the essential of good investment invest-ment and tells how to avoid dangerous danger-ous financial ventures. This Dooklet can be obtained free by application to the Government Savings Organization Organ-ization in the Federal Reserve Bank of San Francisco. It will be promptly prompt-ly sent upon request. |