Indianapolis Times, Indianapolis, Marion County, 11 October 1945 — Page 14

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British Hope to Steer U. S. | From Isolation.

By NAT A. BARROWS Times Foreign Correspondent

LONDON, Oct, .11.—Dwight D.

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| Eisenhower's name is beginning to crop up more frequently during informal talks here about the man tp ibe selected as secretary general of

RICHMOND, Va, Oct. 11 (U, P). —Daniel W. Bell, undersecretary of the treasury, predicted today that war bond redemptions ‘in the immediate months ahead may increase but that this prospect is not alarming. September war bond redemptions, at $528,000,000 exceeded sales for the first time since the treasury has offered them. * Contributing factors to the heavy redemptions Bell set forth as: 1. September was a tax payment month.

2. It was the first full month

{the forthcoming United Nations organization, Support for Gen. Eisenhower comes - largely from British delegates to the executive committee

tory c 0 m mission, for two main rea- JF" 4 SONS. First,

they feel Mr, Barrows

more likely to remain concerned with international affairs. Secondly, and realistically, they hope that their support of Eisenhower in some way may achieve a compromise by which Geneva instead of the United States will ‘become the site of the world organization,

The chances of the old League of Nations buildings in Switzerland again becoming the Anternational | capital look slim, in view of the recent majority vote in favor of the United States, The three countries which want Europe—that is Geneva—as the site are: Britain, Holland and France. They have not given up their fight. The delegates on the whole tend to look upon San Francisco with the greatest favor. ‘Russia, China and all the Latin American members heartily support the California city, If it came to a vote right now Anthony Eden -probably would be first choice as secretary general. Other names being mentioned include: Edward R. Stettinius, United States delegate to the preparatory commission; Sumner Welles; Dr. Wellington Koo, Chinese ambassador to England, and Stanley M. Bruce, the Teuiring commissioner of Australia.

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3 It was the first month in which E bonds sold in the Seventh War Loan drive could be cashed. - “Yet redemptions during September were only 1.13 per cent of the total amount of savings bonds outstanding at the end of the month, taken at their current redemption value,” he told officials of the forthcoming Victory Loan drive here yesterday. He said redemptions have exceeded one per cent of the total amount outstanding on only three occasions during the war, “Redemptions may run somewhat higher in the months ahead,” Bell

THE INDIANAPOLIS TIMES .

Bond Redemptions During September Greater Than Sales

continued. “A substantial volume of redemptions is inevitable when it is considered that savings bonds are, in effect, the savings accounts of many people. Consequently they must be drawn-upon to meet personal and family emergencies in the, same manner as other forms of savings would be. drawn upon in similar circumstances.” He said that savings bond redemptions ‘compare favorably with withdrawals from privately. managed savings institutions, such as mutual savings banks. Bell pointed out that of more than $56,000,000,000 of all savings

bonds, including hak bonds,” sold in the last 10% years, 83 cents of every dollar of such bonds sold, in-

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DYER IS REAR ADMIRAL Capt. George C. Dyer, La Porte, has been promoted to the rank of | rear admiral, the navy announced yesterday, He is one of 12 captains to be nominated for the rank of rear admiral in the regular navy.

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