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Show War Bonds Are Your Safest Investment; I lave You Wl You iat Hold All Can, Buy 'Bombs' Steel Center In v Rumors Whispering Of Repudiation Are Vicious Propaganda Imaginary Flight Briefed at Army Air Force School for Raid on Yawata; Follows Course By WALTER A. SHF.AD WNL' Staff Correspondent. Over Huge, Realistic Map. Approximately 85,000,000 American citizens have bought war bonds. That number is almost twice as many as the total of voters in the yt'NU Service, Union Trust Building, ing, which pointed out on the map last national election. And every hazard, every advantage, ev- - that, it seems to me, is the (Vashington, I). C. ery varying condition. Special areas best answer to the subversive the to bomb How would you like Yawata steel works in a flying for- were blown up in large size: as a lake serving as a landmark where propaganda that the governtress? the planes start their ocean jump, ment might repudiate payI did it without moving from my a peculiarly shaped river where ment of war bonds. in By BAUKIIAGE News Analyst anil Commentator. j classroom seat Orlando, Fla., one of the courses I attended at the army air force school of applied tactics. It Is part of the post graduate instruction of the high officers of the army and it really is a realistic briefing. When I had finished that demonstration, as it is called, I actually felt as if I had been on that bombing mission which started at an unnamed base In China and flew straight to a target, which is as clearly pictured in my mind as if I had made the trip. Ill try to reenact it for you. First, imagine a great map stretching across the room in which you are sitting with two black lines on it. The lower line runs, with a few slight deviations, straight to the target in Japan. Then there is a short leg running north and the second line, a little above the other, running back to the base. This is the course we took. says the officer "Now, men, standing with a pointer in his hand, you are going to bomb the steel works at Yawata. Daylight precision bombing and naturally youll meet a little more opposition. But you know the importance of steel. I dont need to talk about that. You have been selected for your record last time. Keep up that record. As you know this is the first time for the new stagger formation. You've practiced it. I wont go into that We have just 45 minutes to check the whole plan. We start at 650 and the first ship goes down the runway at 700." (Military clocks theoretically run 24 hours. If the number is above 12, subtract 12. For instance 1630 is 4:30 in the afternoon 1630 minus 12 equals 4:30.) Then came some directions about assembly (where this group joins the formation) which I won't go into here since space isnt adequate, but anyhow the assembly point is Chengtu. in ) I' r t v Level Off For Bomb Run We must be at Chengtu at COO. Climb at 190 miles an hour to this point here (the pointer taps the to 1,500 feet and level off. map) ... miles per hour . . . this junction (another tap) 940; then swing 91 degrees . . . on course (the pointer swishes out along the black line) to the coast. "Here is your second climb . . . 1212 190 miles per hour . . . 300 feet a minute to bombing altitude, at check point of island at 1245 (the pointer touches a little island off the Jap coast) it will look like an Inverted pyramid . . . then level off to the IP." (That is the point of entry which must be definitely established, for the flight from there on is directly to the target and careful synchronization with the other planes must be made.) Show a yellow-yelloflare so we'U know you've reached the IP if dark, toggle over the bomb run, then to the rally point, 14 miles north of target. "If you are crippled going over the target try to cut short your turn. . . . Ill explain that: you see normally the planes would go north from the target and then turn at a rif?ht angle to the assembly point. Then another right angle back toward home, so if a plane had been hit and couldnt last long, it must try to catch up with the ottiers and make known its condition. If the plane lags behind it may be located by the group leader who will make continuous looping back, trying to locate any stragglers. Meanwhile (as I forgot to explain) there is a friendly submarine loafing somewhere within radio call for two purposes. First, to try to locate any plane that has been forced down Into the water; second, to pick up information concerning any enemy ships which the planes may have spotted so the sub can go over and take a poke at them. 1 cannot in this space give you a fraction of the detail of this brief- - 200 ... ... ... ... v ; ... lf B A R BS work or else bill bogged the senate. Perhaps because the senate is already The down In they reach land again. Sketches are furnished by meteorologists, show- ing just the types of clouds they will encounter, some "full of rocks" (covering mountain peaks) which are to be avoided. The known location and number of enemy fighter planes is marked, as are the antiaircraft guns, and the temperature and wind velocity at various levels. January 8, General Ynmnshita said: "Japanese forces are ready to destroy the enemy with one stroke should lie choi se to land on Luzon. Some prophets are without honor outside of their own country. a J j Targets There, Then Gone to the target itself, large scale aerial pictures were shown which looked very much as the actual terrain would look to the pilot and bombardier. Also, a map of the whole city. Then a map of the target area, then photos of the target area, taken from an angle, as it will look when the plane approaches ,it from a distance, and another as it will look when it is directly below the important moment. That last statement directly below is misleading, as I found out. What you see when you look through the glass walls of the bombers "nose" and what you see when you look through the bombsight are two quite difTerent pictures. What you see when you look through the bomb-sigis the area (far ahead of where your plane is upon which the bomb will hit if released at that precise instant. Naturally, at the speed at which a plane travels, the inertia of the bombs carries them far ahead as they fall. Tins is disenncerting to the layman I looked through the glass of the nose and picked me out a little Florida lake upon which I derided to drop my imaginary bomb. Then I lo- lied into the sight and there was no lake there! Too late! If I had released my bombs then, they would have hit far beyond the distant shore although the plane hadn't even reached the near shore, yet. Hut to return to my synthetic flight. I find it impossible to recount it with half the realism with which it was presented to me as my eyes followed that moving pointer from base to assembly point to "bomb line" (where the planes cross into enemy occupied terrain) on to the target itself, with the looping tracks that bounded it and then back, north and west again, over water and land, lake and mountain, on the long trek home. After the briefing was finished four men in uniform took seats on the platform. They were men with stars on their service ribbons and some purple hearts, too. Men of many missions just such as the one described, or they would not have been chosen as instructors in this post graduate university of the air. And they acted out with startling conviction the briefing of a returned crew. One, his nerves on razor edge from what he had gone through, another a little dazed, as if he had had a few drinks too many, another sol, another jumpy, loemn, quacious, controversial, all types, we were told. Carefully and tactfully the officer cheeked their conflicting statements until finally all were molded into a reasonable and rational report. "How many enemy fighters . . . As figure. Only 12 Ter Cent Cashed. When the treasury department - wide-eyed- true-to-lrf- e j publishes its statements, for instance, as last October when sales totaled $695,000,000 and redemptions totaled $400,000,000, the story was immediately broadcast that people were cashing In their war bonds at a ratio almost equalling sales. As a matter of fact, the redemptions last October were only 1.16 per cent of the total bonds outstanding. In October redemptions were unusually hevy for the reason that it was the first month in which banks were authorized to redeem bonds over the counter direct, and many persons had the mistaken idea that the treasury was inviting these redemptions because it was made so convenient. When this impression was dispelled, redemptions steadily declined. November redemptions were 1.08 per cent; December, .98, and January redemptions went down to .89 per cent. Total cumulative redemptions of war bonds, that is the series E, F and G bonds, as of January 1, 1945, amount to 12.04 per cent of the total bonds sold. It means that out of the 41 billion dollars in war bonds sold, about 36 billion is still In the hands of the people who bought them. Or in other words about 12 cents out of each dollar spent for war bonds has been redeemed. Money for Taxes Needed. Certain months of the year, such as the taxpaying months, always show a heavier redemption percentage than other months. The treasury policy from the inception of war bond sales has been that the whole financing program should be vol- - I "Oh, 80, easy, 1 half-daze- over-boug- t:;e p. ;. or anyliow. Titov are talk, eg of using a Ivei to make bull h ar.i-gfor ei'a mo biles. They mail to go piettv well with some of the g ,i you: h i: there are any left oer when the WJI prosperity ends. s i ' ',1 tosur.v e policy trial re im. O'instaiici bonds to amour. of ,p':: '"A ' !' l r en- - of ing at the ' 194J In per cent. serve life u.siu ai.ee i surrenders dollar ami m t of yohry t ' -: con! 6 was and lapses the of end the at ce sun nee m 4 per 1M2 the ratio was in yer. cent. voluntary proThis tremendous so vast m financing, war of gram tlu is not onl its ramifications, record in all hisfinancing greatest liie greattory, it has brought about est pool of savings in liquid assets in the history of any people. The six war loan drives in them109 bilselves produced more than of all sale tire lions of dollars from 8 offered, securities government combined the than more billions The sixth goals set for these drives. enwar loan, in itself, exceeded the War World of tire finance program I. Four Liberty loan drives and one I Victory drive in World War grossed esti$21,432,924,700. There were an mated 66 million subscribers but in- most of this sum was raised by firms business and dividuals, banks able to buy $10,000 and upwards in more Liberty bonds. In this war than 21 billion dollars, from 66 mil- tist stated recently? Morse wu code.ut t!1 as Negros instinct la1' like the black man one word has manySj cordms lli : $10,000. SNAPPY sleep. Barnum, who said "theres one was one born every minute, himself. He lost a fortune on a ok fa nes C Blood bears grease hair tonic, was ilswindled out of another selling lustrated bibles, trimmed again that on a fire extinguisher into went wouldnt extinguish, bankruptcy for half a million Withmaking alarm clocks. . . . wrote he name his to out a dime a lecture on "How to Make Money, grossing $1,000 a night. . . . And thats how the famous Barnumism was born. Alexander Dumas, one-fourt- h book, "The Three Musketeers," was a best seller for almost 100 years, used to boast that he had more than 500 children and swore he would never marry. . . . He changed his mind when a smart sweetheart bought up all his debts and gave him a choice between He wrote marriage and jail. novels on blue paper, poetry on yellow, articles on red, and nothing else would do. . . . He wrote more than 1,200 volumes of plays, novels and histories, made over 5 million dollars and died broke, living off the charity of his son. 2.537 . whose 1 During at least tin years following the war, experts J started his stores on a capital of $300, and his first three failed. Thirty years later he was able to pay $14,000,000 cash for the building bearing his name, then the worlds highest office ... HERE lion persons were obtained in the sixth war loan drive alone! People Pay 60 Per Cent of War Cost. How has this volur.tiz.T program of war financing been used toward paying the cost of the war? Here are a few figures. From May 1, 1941, the start of the war finance program, through December 31, 1944, the government Of this spent 261 billion dollars. amount 21 billions was used for nonwar expenditures, including the interest on the public debt, leaving 240 billion spent on the cost of the war. Out of this 261 billions, 101 billions, or 38.7 per cent of the total, has been quick but 1 th Ufa 70 million tires ed annually intWgL The peak year, lM,j production of (2 i in thi country. Greater use of Implements In poston expected to mckt epan of the largest consumersdnj Despite the Far httstf Foreign Economic Itf lion expects that 7J of natural rubber shipped to th bt Ceylon and India dari DIES ( qesjid engaf George Gershwin sold his first song for $5; nine years later a Hollywood studio paid $50,000 just to use Rhapsody in Blue, which he wrote in his spare time, in a single picture. Easy way to UNIX NOSTUIIS STUFFY Nostrils cloooei H Menthols to a. toe 1 MENTH0 absen- ... ... g ... -- tones POST'S GCiDENFVt WHEAT AND1 ... ill asylum. lime dollar limit ably no worth e to Pc Raised is readier!. than e C nsider bonds v.,i ci he s Id in nv.is! In the ...t ! s i t e net f. e w c t w i ,e rt h ot n ag r B large ,i en the "three .1 g ' me va.ui w 1. sixh s : en: a ,uie ' m tv ot these p i' nr in ti n " e nt rea l.ri ,i m the sale y !l. 28 e,. . i n ue a f ary that limit v"' 3, a h.ls.S ut 21 Ol ' (isde,.; fur.-e- we. uni the end ii which in) ; tj oan Beethoven had a passion for moving and sometimes was paying rent on two or three places at ,)nrm hut Mozart, who died 3.). starved and frozen, m ver could pa rent on one. 'usev elt stated im n ''C in the fielt f r beiore y ffiral Hey bee y,,r, 30. i expect th,,: 1' : i ll i'l ,tt Rri i.dent .i;,. l,c b1" Vi. ul,i ' c a'u. smee s w ill rs r. In his tuadget message on Januu- strain for at n.ie.d e 2a 2 of ItiJii o bars by tr.e ation. tins would mean a'lirnj v;,lu co'is'derably more than 3on dollars. ( H"pin r ned out on the biggest ewe of his .pc because she didnt Ter hi; n c,. nr before she offered e to o.hi is r the morn, In his will he ordeimi himself buried in wmte tie. dress slices and silken knee breeches. v Song ir doi of the Iznick, one-- f SlCAR'S!) as em Duel in t TENDER m.plcs the f. and j No" v mid do If Shirl !earanci k Shirle ly. delicious A magic eomtgj Post's 40 BranH1 seedless der, chewy same In the nutritious tha A Bran! Don't newflavorsensaWJ, cer for Posts J at 1 'alvestoi toas. saj d to hi recent ar had Its 1 A Post Cereal ft sal SAVE YOUJ , ... b le lk COMBINED irt-gri- U offe cess, at ... Value of Bond cashed in is less than 12 per cent of Bonds sold per month. nold, w in the i es of is one als whe Sir Isaac Newton was so he once rammed his nieces fingers into his pipe. . . . Trying to fix himself a three-minu- te egg, he boiled his watch while watching the egg. . . . When he went to fetch anything he usually came back without it. . . . He was usually last In his class at school. He was a woman hater and never marHe always claimed he ried. solved many of his mathematical problems in his sleep. raised through net receipts of taxes, so the excess of spending over tax receipts from May 1, 1941, to January 1, 1945, has been 160 billions of dollars. During this same period the government has borrowed 178 billions of dollars through sale of governmental securities. This equals the 41 billion sold in war bonds and the 137 billion in other securities. Of this 178 billion, 75 billions have been borrowed directly or indirectly from banks. The rest, 103 billions or 57.9 Dr. Samuel Johnson continually distorted his face by violent grimper cent, has come from sources, 42 billions of it from aces. . . . When walking in the individual citizens. street he touched every post he The net of all this is that the Amerpassed and if he missed one he alican people are buying war bonds ways returned. He always made a and that almost 60 per cent of the point of entering or leaving a door amount borrowed for the war cost on a certain foot, but his biographhas been paid by individuals and noner, Boswell, wasn't sure which one. banking sources . . . they are buying bonds and holding $88 out of every Lord Byron was so emotional that $100 they buy, and the rerord indonce a theatrical performance put icates that they will keep on buying him Into convulsions. In a fit them so long as they are offered for of he threw his watch into temper sale, or so long as the nation needs the fire and hammered it to pieces their money to help finance this war. with the poker. He also fired a It is a pretty safe bet that the pistol in the bedroom of his wife, treasury department, as a result of who left him after a year of marits experience with baby bonds beSo he went to Venice and riage fore the war. and with war bonds a harem. since May 1, 1941, will continue in bought the bond business after the war is ('chiller liked to keep his feet over. People have the haoit of buy-inin ice while He once working. bonds government and there is wrote a full and perfect no indication now that there description will be of the Swiss land and al-- I any concerted rush to the banks to people cash in these bunds when the war though he knew neither. . . . Cole-- i is over. ridge, who wrote Kubla Khan under the uiiluence of an The very great majority of opiate, could them remember only 54 lines when he will be held to maturity. And today bond buying is on a sufficiently recovered to write. . . . basis Richelieu at times not only on the home front imagined himself but on every batHe front where Amen-eon- s o be a horse and neighed, trotted and jumped like one. . . . Beau are Cghtins to maintain the freedom and Bthtminel, the fashion plate (who ty of a govern merit and a wav pf life of taught the Prince of Wales how to h dre-si- , these bonds are a symh. 1. died in rags in an insane ngton t xt picl sen t-minded g before the 260 billion jit, Woolworth come, since being patriotic, he wanted to do just as much as his fellows. Investigation shows that many men and women in these families forced to redeem their war bonds were, ten years ago, on WPA or the recipient of some community welfare program. They were not on that program willingly, and neither are they at the bank window cashing in their bonds willingly today. These bonds are their only liquid asset when an emergency comes . . . death, child birth, hospitalization, and temporary unemployment. The treasury also has learned that the redeemer of war bonds does not necessarily cash in all his bonds, nor does he close out his payroll savhe keeps on buying. ings account And this is proved conclusively by the fact that war bonds purchased through payroll savings since the first war loan in 1942 have steadily increased each month from 307 million dollars in December, 1942, to more than $500,000,000 per month today. Every war loan has been marked by a rise in the regular allotment of workers for war bonds, as well as a steadily increasing rise in the national level of payroll savings as against total payroll. in Year, Savings Up 56 During 1944 the withdrawals of deposits in savings accounts in the banks of the nation by individuals amounted to approximately 20 per cent and at the same time these savings accounts showed a net gain of War approximately 56 per cent. bonds, although showing an 8 per cent gain in redemptions over 1943, at the same time show an 85 per cent increase in sales. While the HERE $19 980,169.147 i; Bui? -- ... REDEEM BONDS The ceiling on the public debt will have to be raised again, treasury officials say, to make room far the seventn war loan This next log drive will oen in May or June Congress will he asued to push iq the limit once more The bo. s, the treasury wauls is fioni the present 2uU billion doii.us to 3tH' biHn us The public debt outsand.ng row, at maturity value, is $241 ul9 8Ji). 8 .Vi Thus there is margin of only , ... iu . . Poe paid $3 . not be expressed his for honeymoon cota month rent hedrurns.nomess (in the tage en Grand Concourse that it cannot be a New York, now is which Bronx), operator, state historical shrine. If it hadnt for Waging tribes w-g- et been a grand neighborhood their quarrels in cp! dandelions he and his bride would important tidings ,p have starved. and international bJ Talking drums a father Italian an of Marconi, son nounce native weddi-.-. or.d Irish mother, was 27 when he invented radio, and even then there important local events; were people who wanted to kill him. These cranks said electrical waves were passing through their and bodies, destroying their nerves Ut to them for making it impossible time f'T 25,423 BUY BONDS Limit on Public Debt oi'ate or Negro, target. Some Flench hanks hold the phoney German rcirhmarks" part of their assets. Well, il m S nap-hit(I hu IS leading books!) dollar-a- Ed'ou- Allan Poe was a 10 years He spent too vear-maThe Raven writing and rewriting . . The and got 10 bucks for It. . ur:i..al manuscript sold the last A war buna rare 1,;M ye,- s and of Big Shots: uinf comes from s TOTAL SALES OF WAR BONDS in BimON of douars slap-happ- y a u k base "A r 1 la's Almost invariably they are families whose only saving ha been the war bonds they bought, and, thus, when an emergency arose their war bonds were their only recourse. The war bond redeemer is in the low income bracket, has an income probably less than $3,000 per year, and a larger than average family. The chances are he buys his war bonds through a payroll savings plan at his place of employment. Chances are, too, that he according to his in- - v 'i ' v. ',0 gi.w 0 4 a"1 r 10 rtr lV'' !'1 r vr: rtdempf- -. untary and that persons wishing to buy war bonds should be able to buy them conveniently. Hence war bonds may be purchased at banks, post offices, theaters, retail stores, and at scores of other places. Then, the treasury reasoned, it should be equally convenient to redeem war bonds for emergency purposes, so all banks who desired, were authorized to redeem the bonds over the counter, instead of the former longer, more complicated method of sending the bond to the nearest Federal Reserve bank. Who are the war bond redeemers . . . the men and women who cash in these 12 cents out of the dollar? hasA;1, ... count. Enough anyhow. And you didnt warn us about the others here, one as he jumps says the up and jabs the map. Finally It settles down to about 50. This estimate will be checked as other crews are checked and an accurate estimate is obtained. The same careful and studied analysis of data on troop concentrations observed, movements along highways, convoys, new landing strips, as well as the damage done to the bv t, UiP'iiph less man take said the jumpy one. How many do you say? (to the fellow in the "Well, a lot of em, I didn't t r,te 4 J : messages, : t here?" ht-.- On It's the best answer from a practical standixiint, because repudiation must be voted by the congress and no congress in its right political mind would vote to nullify the holdings of 85 million Americans who have purchased individual and separate war bonds through January 1, 1945. Add to this 41 billion dollars In war bonds approximately 137 billion dollars worth sold in other governmental bonds and securities over the same period of time to banks, corporations, insurance companies and other large investors, and you have another added and compelling reason why no congress will ever vote repudiation of these obligations. These war bonds and other government securities have behind them the security, the faith and the integrity of the United States government . . . exactly the same guarantee of payment as a dollar bill. And if your war bonds should become worthless, then your dollar bill will become equally as worthless. And we have behind war bonds a tradition and record of the United States government of never having repudiated an obligation In the 165 years of its existence. And right here lets spike the fallacy in the minds of some people that war bonds are being cashed in at an alarming rate. They are not in any such being redeemed amounts. When someone sees a line of people at a postoffice window or at a bank counter cashing in war the story is immediately bonds, spread that people are cashing In their bonds at an unprecedented j rale cimuii.itiv-- ' Remember this . . . anyone who tells you that your government is likely to repudiate one dollars worth of these bonds , or that the American people are cashing them in faster than they are buying them, is passing along propaganda inspired in Berlin or Tokyo! ! oui allowe Prorrif rogram iow he eek. |