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Show Morgenthau Cites Types of Issues Issued to Public A grateful Nation has girded Itself It-self for the Mighty Seventh War Loan for 14 billions of dollars, half of which has been assigned as the individual sales quota. According to reports from state chairmen reaching reach-ing Ted R. Gamble, national director di-rector of the War Finance Division of the Treasury in Washington, the Nation is ready for the huge task. Mr. Gamble was enthusiastic about results. He said "We're prepared to do the best job in the 7th War Loan." Mr. Gamble said that "not onlv is there more money v , 't ft fl ' ' yf I available than ever before in each state, but individual income in-come will be aigher in the period pe-riod of the 7th War Loan than :n any previous War Loan period." pe-riod." Secretary of the Treasury Henry Morgenthau said seven billions of dollars has been MORGENTHAU assigned as the quota for individual investors - and that the major amphasis throughout the drive will be placed on the quota for Individuals. Individ-uals. The individual quota is the highest established in any of the previous drives, the secretary said.. The E Bond quota alone is 4 billion. bil-lion. The 7th War Loan seeks nearly near-ly as much in the one drive as was asked in the first two drives of last year which were held up to this time. The two drives of this year, therefore, will seek nearly as much as was sought in the three drives of 1944. The Secretary stated that there is every evidence that Federal expenditures ex-penditures are going to remain at a high level for some time to come, and that the Seventh War Loan program pro-gram was designed to obtain maximum maxi-mum funds necessary to prosecute the War from non-bank Investors. The securities, which will be sold under the direction of the State War Finance Committees, are as follows: Series E, F and G Savings Bonds, Series C Savings Notes, 2 Bonds, 2Vt Bonds, 1 Bonds, Certificates Cer-tificates of Indebtedness. The 1 Bonds will not be offered In the Drive to corporations. The Drive for individuals will extend ex-tend from May 14 to June 30. However, How-ever, an intensification of activities in the sale of Series E bonds began April 9, when millions of persons on payroll savings plans throughout the country were asked to enlarge their participation as a part Qf the Seventh War Loan. All Series E, F and G Savings Bonds and Series C Savings Notes processed through the Federal Reserve Banks between April 9 and July 7 will be credited to the Drive. During the final phase of the Drive which will cover the period from June 18 through June 30, subscriptions subscrip-tions will be received from all other non-bank investors for the 2 and 2Vz marketable bonds and the certificates cer-tificates of Indebtedness. |