Show flanks Banks Busy leave Bonds Burns Burns' SM S. SL L L. Vets Vets' Pockets Salt Lake Lak veterans of World War Wa l II T Tuesday began cashing h g fin in inon in Son on on leave they earned but did n not t receive Leaving no doubt as to the pop popularity of legislation providing immediate immediate immediate im im- im- im mediate cashing of terminal leave bonds lines Jines of ot veterans crowded Sa Salt t Lake banks Tuesday t to receive receive re re- re- re the thelong long green green In exchange for th the blue blu bonds Their action had been anticipated ed by banks which h set tip Up temporary temporary tempo tempo- departments for the ex ex- ex- ex changes S Terminal leave bonds bonds' may be turned In Immediately for or cash or ormay ormay ormay may be held for the full tun five years yielding 2 24 2 interest II in addition to t their face v value Urge Holding Banks cooperated in cashing the bonds bond but bankers were unanimous mo IOU s in th the opinion that veterans I J. J the o-the securities J. J JT J. Kelly Kely vice president and cashier Walker Bank and Tr Trust st Co declared Co-declared declared that a b better rate of interest c cannot be e. e bad had than thai through holding these g government ver ment securities During the mornings morning's tally he said eald his bank had paid bondholders with bonds ranging from 50 to I would advise veterans to toh toh h hing ng on on to their bonds or use them to apply on their insurance said G. G S. S Murphy vice president and cashier of the Continental Bank and Co Se Sees s Bu Business mess Aid Loren Loran A. A Hillam HUlam cashier of First National bank expressed the same opinion but added the inCrease increase increase in in- crease in buying power caused by more money in circulation would help business Some bank officials expressed the opinion In Increased spending might give added Impetus to the current high prices price They condoned condoned con con condoned the cashing of the e. e leave b bonds for eme emergency gency use or payments payments payments pay pay- ments on homes but were against recommending cashing of bonds for vacations Many Jany were of the opinion veteran veteran veteran vet vet- eran bondholders had hadnot not been properly advised and urged them See Page 9 9 Column 4 Salt Lake Vets Cashing Leave Bonds fonds in Hurry Continued from Page One Oneto Oneto Oneto to keep their bonds to tp f full l ma ma- Explains Inte Interest st stA A bond at at 2 24 interest rate will pay at the end of five years explained R R. E. E Everson Everson Ever Ever- son assistant manager Salt Lake City branch of ot the Federal Reserve Bank of ot San Francisco For a current income bond these armed forces leave bonds pay as 8 high an interest as any other government security he said As the llie lines line of ot veterans approached approached approached ap ap- ap- ap pay w windows in indifferent different banks throughout t the e. e city they also were of or varied opinions I 1 need the money to pay a a. bill declared declared de de- dared one veteran Im going to spend it smiled another One woman was heard to plead with her son all the way up to the payment window of a local bank She wanted him to save the bond for its ita mat maturity value He cashed his bond but p put t 20 In his savings account on her advice |