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Show Chairman Urges Bond Purchases B. C. J. Wheatlake, county savings sav-ings bonds chairman, announced that purchased of series E and H savings bonds in Salt Lake county were reported at $419,375 for September. The state sales figure released for Utah was $924,696, according accord-ing to Clem S. Schramm, state director, who stated that although al-though the totals announced by the Federal Reserve Bank were down from last year and last month, reports as to purchases through the banks were up, indicating in-dicating that there is a backlog of unreported sales probably due to the change-over to the new punch card bond. With the beginning of the new school term, the savings stamp program throughout the state was on the increase. "September tabulations on schools operating the program were up 22 per cent over September of last year, as more parents and school officials offi-cials were advocating its use as a teaching aid and as a practical method of encouraging thrift," he said. "Previous sales patterns indicate indi-cate that Utahns ordinarily invest in-vest more in savings bonds during dur-ing the last quarter due largely to income from crops and livestock; live-stock; so be wise and ioin others in investing in the safest security secur-ity in the world backed by the full faith and credit of the U.S. The purchase of savings bands is one of the best means available i to every farmer and livestock man to build that all important financial reserve," he said. "With less than three months remaining in 1957, I also urge our citizens to help our county and state meet their bond sales goal, for their own benefit as well as to help our government," .Chairman Wheatlake stated. n |