Kankakee Valley Post, Volume 15, Number 26, DeMotte, Jasper County, 11 May 1945 — Page 10 Advertisements Column 1 [ADVERTISEMENT]

Farmers Plan Greater Buys In War Bonds In spite of an “off” season so far as income is concerned, farm War Bond leaders are now making preparations for selling more bonds to farmers during the Seventh War Loan than in any previous drive, according to M. L. Predmore, Chief of the Agricultural Section, War Finance Division, Treasury Department. With the help of country bankers they’re out to convince the men who till the soil that they should convert their expanded bank accounts into bonds. “Farmers, like all Americans, have been building up bank deposits and currency holdings ever since the war started,” Predmore said. “On January 1, 1920, agriculture held currency and bank deposits totaling slightly over 4 billion dollars. The 1945 figure is not available, but it is expected to be in excess of 10 billion.” With larger operations and increased costs farmers must have more operating capital than in 1940, but they don't need 10 billion, in Predmore's opinion. He believes farmers can and will put a substantial portion of these cash reserves into War Bonds. When they go out to sell War Bonds to farmers in the Seventh, War Finance Committees throughout the nation will stress personal solicitation. A survey made following the Sixth War Loan showed that 57 percent of the farmers who were personally solicited bought bonds.

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