Show Still a Good Investment This is the year year of what has haa become become become be be- come a great American institution purchasing purchasing purchasing pur pur- chasing of United States savings bonds on ona ona ona a mass basis It was in 1941 that the government began selling Series E bonds to small smaIl in investor in- in vestor tIt jit It had a twofold ld objective to help finance national defense and to put puta a brake on inflation by drawing a part of the peoples people's ready funds out of the competition competition competition compe compe- for goods which shortly were to become become become be be- come scarce and in great demand The people responded to this opportunity opportunity opportunity to save small amounts of money because it was patriotic Also because it was good business for them Now 16 years later people ople are still buying United States savings bonds Its It's still patriotic because the government still has to finance its huge debt Its It's still good business for th the individual Its It's al always always always al- al ways good business to put aside a part of ones one's income against a rainy day or for old age or for a college education for the youngsters or for ultimate in ones one's own business The savings bonds became the biggest thrift program in history Today Americans own worth of them They helped finance World War II They helped finance the Korean war They helped h finance government activities of all kinds through the years of deficit spending And they are still playing a vi vital vital vital vi- vi tal role rote in federal finance even in this time of balanced budgets because the government government government govern govern- ment owes a lot of money and the savings bonds comprise a big slice of the money it owes its citizens The people keep buying them even though they can get greater returns on their money elsewhere in these days of rising interest r rates tes Why do they keep buying them For on thing it is such an easy way to save Small sums smaller sums than may be put into most other forms of investment investment invest st m ment nt are welcome The greater number of those who buy do so through the painless painless painless pain less method m of payroll at the source of income But the big reason why people still buy them Is because they are the safest investment in in the world Nothing Nothing Nothing No No- thing can compare in gilt-edge gilt security with an obligation of the United States government The person who invests in United States savings bonds is doing himself a good turn in building himself some capItal capital capital capi capi- tal is helping his government manage its debt and is helping us all in that it Isanti is isanti isanti anti inflationary to save instead of spending spending spending spend spend- ing money in competition for goods 1 |