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Show GIVE W. S. S. FOR CHRISTMAS IS U.SAPPEAL Governor Calkins Urges Government Gov-ernment Securities for Presents Pres-ents Instead of Luxuries Governor John U. Calkins of the San Francisco Federal Reserve Bank has written a letter to all banks and trust companies in the Twelfth Federal Fed-eral Reserve District urging them to promote, wherever possible, the sale of War Savings Stamps and Treasury Savings Certificates for Christmas presents this year. The increased demand for these Government securities, the Treasury Savings Certificates being similar to War Savings Stamps in denominations of $100 and $1000, is apparent from the faot that the Federal Reserve Bank supplied $60,200 worth of Treasury Savings Certificates to eighteen eigh-teen banks in the district on November Novem-ber 20, which is the largest amount sold in one day since the close of the war. On the face of the demand of these eighteen banks and the increased in-creased call for the securities from all postofflces throughout the Twelfth Federal Reserve District, it would seem that the Government's holiday slogan, "Give a War Savings Stamp or a Treasury Savings Certificate for Christmas," is being followed out, and the Government is hoping that by giving War Savings Stamps and . Treasury Savings Certificates for Christmas gifts the district will closely close-ly approximate Its War Savings quota for the year. A portion of Governor Calkins' letter let-ter follows: "The Christmas holidays are almost al-most upon us. Everything points to a tremendous outlay of money in the purchase of holiday gifts, the greater portion of which I think I am safe in saying will be luxuries. The present situation demands not that more money be spent in the purchase of luxuries, but that we curtail as much as possible; with the consequent beneficial bene-ficial contraction of credit. "Therefore, I appeal to yoii as a fellow banker to do everything within your power to stimulate the purchase and giving of War Savings Stamps and Treasury Savings Certificates as Christmas presents in place of the usual us-ual needless and expensive gifts. It seems to me that the responsibility of leading men's minds along the ways of thrift and simple living rests to a great extent upon the bankers of the country and in asking you to push the sales of Treasury securities during the Christmas holidays, I am asking you only to take advantage of an opportunity op-portunity to meet this responsibility." In addition, Christmas posters carrying car-rying an appeal to give War Savings Stamps and Treasury Savings Certificates Certifi-cates for Christmas presents will be distributed throughout the Twelfth Federal Reserve District, and all banks have been asked to include a similar appeal in their advertising. |