Show Chain Letter LetterI I Bond Sales Called Risky COALVILLE COALVILLE- The U. U S. S Treasury is cautioning the public against the current rash rush of Savings Bonds Donds chain letter schemes flU U S. S Savings Bonds Donds themselves them selves are an absolutely safe sate investment investment in in- v vestment free tree from elements of risk because the principal and Interest interest in In- terest are fully guaranteed by our Government Clem Clam S. S Schramm Utah State S Savings Bonds I tot tor sara said today However these schemes for acquiring Savings Bonds Bond for tor nothing are a risky gamble lie le said that the Post Office Departments Department's experience with endless ss chain schemes over overa II period period per per- iod led of ot many years Is that m most t participants lost their entire in vestment This outcome Is Inevitable Inevitable In In- evitable because the supply of Interested persons Is soon won ex cx- exhausted hausted The greater the amount to be Invested the sooner the saturation point is reached and nd the mailing malUng of bonds purchased through such schemes l is a tit violation violation viola viola- tion of the tho mail mall fraud statutes according to T. T A. A Follows Postal Postal Pos Pos- Pos Ioe- tal Inspector Bank flank Must Not Sell Rail I I I I I I I Some organizers of the new chain letter plans imply that the he Government and banks bank orth ot or th the idea In la order to increase SG Bond sales Mr Schramm n. n is no not true Th the Th Treasury Dep Department through e Federal Feder l Reserve Bank has TIn rin in instructed banks and other issuing agencies to reject applications app for the purchase of Savings Bonds where the applicant states r or where the issuing agent has Reason jeason Rea iea jea- jea son to believe that the Bonds will be used in the chain letter letters s scheme em Savings Bonds are Issued primarily pd manly marily to enable individuals and families to save eave safely and regularly re to- The Treasury wants to sell seU us ns many bonds to as IU many manyI Americans as possible but always always al ale al- al ways within the framework of thrift and not as a vehicle for forI this or any other rich quick scheme the Director pointed out |