Show government GOVERN MENT securities new york ork nearly 80 90 per cent of the outstanding bonds and certificates issued by the file government to finance the war are now in the handa of the public according to a statement given out today by the govern nent loane loan organization of tile the see sec nd federal reserve district Distri cl ille fhe statement shows that on december 9 1920 the latest date tor for which cs are available ava lable approximate y of war issues vere ere being held by bi individuals and orp corporations orations the public issues were vere being held by individuals and the public holds ile per rent lit of oe the total issues of 0 22 outstanding banding tan ding bunking banking institutions at the close at f 1920 were holding about jer er cent of il tle outstanding recurt ies iea as compared with bank holdings at about lee i er cent on june 30 1919 of 0 ill tin then outstanding amount these alies figures will be regarded as segni leant by tile the business ind tile the baril backius dil communities inasmuch as they indicate that during Z the eighteen z period from june jull 30 19 r to december r 29 1320 1920 a net alu amount billit ot of over 1000 war securities passed from the banks to tha fri investing vesting public to the lie extent that banki banking n g resource vere ere thus rele released aLed for other credit 1 purposes commercial activities should have benefited on oil december 29 1920 the war issues held by Lian banking king institutions tor for their own account was ap approximately roxi ilia tely or about 30 per cent less than the reported at as of 0 june 30 1910 indicates an increasing tendency on oil the part of tile the public to in vot in ill government securities arld and aois a growing inclination by those investors to take advantage of the favorable yields which can be obtained from the several treasury issues the government loan organization calls attention to the fact hat not in fifty years have govera gover nent securities sold on oil a at basis so lavo rable to holders the tendency toward lo at f war issues by the investing public clearly indicated in these figures figure a 8 of considerable interest to nank j ats rs end and business ba siness men bent upon improving general credit con conditions condition diton assuming that continued purchase of government securities for invest nent purposes eviden evidences ceF increasing iloff practice of thrift anzi and tho ho mi clori may well regard this move movement rient I 1 as an all omen of a better belter day rr 11 hc 1 material growth ot of the country 1 I Is 13 important to bear in ili mind mand hat the only permanent anent solution of lie he general credit situation ties lies in replenishing hundreds ot of b bl 1 ironi of dollars worth of capital destroyed destio desti oyed 5 v a ar this waste can be repaired on oil ly through national ana aing one of the fattish ways to acou jaee investment on oil ao e pait of lie he rank and lie file is to birge it f U S government seau becu we hiie in ili as the risk Is in this connection the government oan organization suggests to eina that they take advant advantage ag oi 0 ller iber lon on tact etli with the lei of lip rican earners to explain to t them low easy it is to invest ther their ironey n government securities any lanking institution will gladly badly sere hem b by purchasing tor for ac aunt liberty bonds viet victory ory noes ind the smaller trolls of treasury savings certificate all of A lie he larger post securities ranging from 25 cents in i 1000 the government loan tell lion asserts that business and mian lial ial leaders ican call render a distinct service to the country and indirectly to 10 themselves hem Alem selves at this lime ot of depression jy y helping ri take mahe clear tp the public hat every man and woman Ts Is aiding a revival of business activity by daiy diy ing government securities and hou hold rig ne thein theia as the governments Government 8 total Inte interest reit learing debt of 0 2 1 SO outstanding at the beginning of 0 1912 la is ce represented presented as follows liberty bonds and victory NOLL S certificates of indebtedness 2 ii war savings certificates Certin cates beig |