Kankakee Valley Post, Volume 15, Number 26, DeMotte, Jasper County, 11 May 1945 — Morgenthau Cites Types of Issues Issued to Public [ARTICLE+ILLUSTRATION]

Morgenthau Cites Types of Issues Issued to Public

A grateful Nation haa girded Itself for the Mighty Seventh War Loan for 14 billions of dollars, half of which has been assigned as the Individual sales quo*a. Aecerding to re \3rfs from state chairmen reaching Ted R. Gambl •, national dire* tar of the War Fi taaee IVvision «f tlte Treasrrv In •'’-s'llrgte \ the Gati<.n is ready for the bur” task. T ir. Gamble was enthusiastic about rc_u!‘s. lie said “We’re p.r red to do the best job in tha ’.l; War Loan.” Mr Gamble said that “m t only is there nvire money

available ‘than e -r before in noh state, but individual in* ene will be higher in the period of the 7th War Lopn than : n any previous War Loan period." Secretary of the Treasury Henry Morgenthau said seven billions of dollars has been

assigned as the quota for individual investors and that the major emphasis ‘hroughout the drive will be placed on the qurrta for individuals. Tht individual quota is the highest established in any of the previous drives, the secretary said. The E Bond quota alone is 4 billion. The 7th War Loan seeks nearly as much in the one drive as was asked in the first two drives of last year which were held up to this time. Th« two drives of this year, therefore, will seek nearly ns much as was sought in the three drives •of 1944. - -i-—’ The Secretary stated that there is every evidence that Federal expenditures are going to remain at a high level for some time to come, and that the Seventh War Loan program was designed to obtain maximum funds necessary to prosecute the War from non-bank investors. The securities, which will be sold under the direction of the State War Finance Committees, are as follows: Series E, F and G Savings Bonds, Series"C Savings Notes, 2Mi% Bonds, 2V«% Bonds, U 4% Bonds, %% Certificates of Indebtedness. The \Vi% Bonds will not be offered in the Drive to corporations. The Drive for individuals will extend from May 14 to June 30. However, an intensification of activities in the sale of Series E bonds began April 9, when millions of persons on payroll savings plans throughout the country were asked to enlarge their participation as a part qf the Seventh War Loan. All Series E, F and G Savings Bonds and Series C Savings Notes processed through the Federal Reserve Banks between April 9 and July 7 will be credited to the Drive. ——-- - -—- During the final phase of the Drive which will cover the period from June 18 through June 30, subscriptions will be received from all other non-bank investors for the 2V«% and 2Mt% marketable bonds and the certificates of indebtedness.

MORGENTHAU