Show IE W b F R r ai 3 FT U t aa I 1 A governor calkins urges government I 1 securities for presents instead of luxuries Lux urie governor john U calkins of the san francisco federal reserve bank has written a letter to all banks and trust companies in the twelfth fed 1 eral reserve district urging thorn them to promote wherever possible the sale of war savings saving stamps and treasury savings certificates tor for christmas presents this bear ear the increased demand for these government securities the treasury savings certificates being similar to war savings stamps in denominations of and 1000 is apparent from the fact that the federal reserve bank supplied worth of treasury savings certificates to eighteen banks in the district on november 20 which is the largest a amount mo to told id in one day since the close of the war var on the face of the demand of these eighteen banks and the increased call tor the securities from all post offices throughout the twelfth federal reserve district it would seem that the governments holiday slogan give a war savings stamp or a treasury savings certificate for C christmas is being followed out and the government is hoping that by giving war savings stamps and 11 treasury treasury savings sailings certificates for christmas gifts the district will closely its war savings quota for the year A portion of governor calkins let 1 ter follows the christmas holidays are almost upon us everything points to a tremendous outlay of money in the purchase pui chase of holiday gifts the greater portion of which I 1 think I 1 am safe in S abing will bo be luxuries the present situation demands not that more money be spent in the pur purchase chaje of luxuries lu unes but that we curtail as much I 1 as possible with the consequent beneficial contraction of credit therefore I 1 appeal to you as a fellow banker to do caco thing within n our power to stimulate tho the purchase and giving of war savings stamps and treasury savings certificates as christmas presents in place of the usual needless odless ne and epen expensive sive gifts it seems to me that the responsibility ic ie of leading mens minds along the vas nans of thrift and simple living dests to a great extent upon the bankers of the country and in asking you to push the sales gales of treasury rv securities during the christmas bol holdas baldas das I 1 am asking you only to take lake advantage of an opportunity port unity to meet this responsibility Y in addition christmas carrying in an appeal to give war savings stamps and treasure Treasur 3 savings certificates for or chatmas presents pie will bo be distributed throughout the twelfth federal reserve district and all banks have been asked to include a similar appeal in their advertis advertising adver in |