Coronado Eagle and Journal, Volume 10, Number 26, 5 November 1921 — ROOSEVELT’S PORTRAIT ' ON NEW TREASURY SAVINGS CERTIFICATES [ARTICLE]

ROOSEVELT’S PORTRAIT ' ON NEW TREASURY SAVINGS CERTIFICATES

San Francisco.—Telegraphic advices just received by Governor John U. Calkins of the Federal Reserve Bank of San Francisco from the Under Secretary of th eTreasury at Washington, D. C., contain the following interesting announcement: “Secretary Mellon announced that the portrait of Theodore Roosevelt will appear for the first time on a government security on the $25 denomination of a' new issue of Treasury Savings Certificates, which will be placed on sale towards the end of the present calendar year. The new issue of Treasury Savings Certificates will be a feature of the unified government savings plan which is now being developed by the Secretary of the Treasury and the Postmaster General, and will be announced later ia greater detail. The new plan will combine to the best possible advantage the facilities of the Treasury and the Postal Savings System, and is designed to promote popular saving and investment in government securities. The securities offered will have a wide popular appeal, and will be placed on sale throughout the country in convenient form. It is regarded as particularly appropriate that the Roosevelt portrait should appear on a security of this character and on the demnomination which*will be most available to the general public ”