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Show raise this money spent to carry on the war: Taxing the people, loans from banks and other institutions, and loans from the people. Treasury Treas-ury officials can estimate future bank credit and the amount of money that can be raised from taxation. However, there is no way by which they can calculate how much money the people of America will lend their government gov-ernment in this time of emergency. emer-gency. This is why, all over America today, there is a campaign to pledge up every person with an income to buy defense bonds and stamps. Our government, in its effort to defeat the Axis, must know how much money it can depend on us for in the future how many bonds we will buy every week, month, or year for the duration of the emergency. The pledge campaign is not an attempt to bind us legally to buy bonds, at regular intervals. inter-vals. In fact, signing a pledge is only a moral obligation, which makes each individual the sole guardian of his own honor. A person who becomes financially unable to carry out his pledge is not expected to rage bix I I I ( I I I I I I I I I I I I I I t I I t I I FORWARD MARCH By II. S. Sims, Jr. 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 IHJV T.NSK BONDS: (1) 1 1 KM' WI.V WAR (i) AVERT INFLATION (3) GOOD INVESTMENT As rich as America is, the government gov-ernment of the United States needs money; the government needs money to pay for the huge supply of war materials that are needed to prevent Hitler and Tojo from over-running our very homes. The amount of money that has already been authorized for war purposes and the amount of money now being requested from congress for war purposes totals more than 115 billion dollars, or approximately approxi-mately the same amount of money that all the people in the United States made during dur-ing 19U9 and 1910. There are three large sources from which the government can do so. Every citizen who has enjoyed the blessing of living in America should be willing to do his part in helping the government. The least that we who are riot actually fighting this war can do is to help in other ways. Buying defense bonds and stamps appears to be the most practical way that we can Jielp stop the beastly aggressors. As has been said so often, no sacrifice we make at home will compare to the sacrifice of those who are being paid $21 a month to fight this war. In addition, buying defense bonds is the most practical way to prevent an inflation and a depression. An inflation can result from either more money in circulation or from fewer consumers goods for sale. Today, we are running in both of these directions and unless something effective is done, a terrific inflation will result. Arming the nation in such and their value doesn't fluctuate. You can't lose money on them. Series E bonds are such a good investment that no person per-son is allowed to buy over $5,000 worth in any oneyear. An investment of $18.75 a month for the next ten years will pay you $25 a month for the following ten years. Defense bonds and stamps can be bought at any post office and at most banks. Where we buy the stamps and bonds is not important; impor-tant; the important thing is that every American pledge a part of his income to be loaned to the government to carry out the war, even if he can promise to buy only one 10-cent stamp a week. a hurry has brought on a , great boom in production, which means that more people have jobs (more purchasing power) and, generally, people are being paid higher wages (still more purchasing power). In other words, although people this year want to buy more automobiles, au-tomobiles, radios, clothes, etc., there will be only a small percentage percent-age of the goods for sale as com-; com-; pared with those sold in previous years. Thus, in bidding against each other prices will go up and up and up. The only solution to inflation infla-tion is to find an outlet for ' the purchasing power, which ' can not be used to buy goods. Thus, if this money is invested invest-ed in defense bonds, it will be i taken out of circulation, and ! an inflation will be averted. Then when the depression comes, these bonds can be cashed in; the cash will alleviate alle-viate your financial worries and at the same time will bring back normal times through the pump-priming effect ef-fect of more money in circulation. circula-tion. Defense bonds are as good an investment as there is in the United Unit-ed States. The people's bond, Series Ser-ies E bonds, pay 2.9 per cent interest; inter-est; they can be cashed in any time 60 days after they are bought |