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Show A NEW GOVERXMEX SECURITY The new $1 treasury savings stamp is meeting with popular favor, the government savings organization for the Twelfth federal reserve district reports. This stamp is a non-interest bearing security which is exchangeable ex-changeable for the $5 war savings stamp, bearing 4 per cent interest compounded quarterly, and for treasury treas-ury savings certificates in denominations denom-inations of $25, $100 and ?1,000 which bear the same rate of interest. The treasury department developed devel-oped the $1 stamp in response to a demand for it from employees of the great industries in the east. Previously Pre-viously the unit was the 25-cent thrift stamp which many savers thought too trivial to handle. This 25-cent thrift stamp, however, has 'been retained and is still on sale with the other securities at all postoffices and virtually all banks. There are distinct signs, according accord-ing to Theodore Hardee, director of the government savings organization for the Twelfth federal reserve district, dis-trict, that the minds of the people generally are turning back to thoughts of thrift and saving. Director Di-rector Hardee looks forward to a iniuch better year, from the standpoint stand-point of Investment in government securities during 1921, than last year proved to be. |