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Show STATE BOND CHAIRMAN NAMED Washington, D. C May 25 Treasury Secretary Humphrey today announced the appointment appoint-ment of Frederick P. Champ, president of the Cache Valley Banking Co. of Logan, as state chairman of the U. S. Savings Bonds advisory committee for Utah. An active supporter of the savings bonds program since its inception, Mr. Champ succeeds the late Charles L. Smith, chairman chair-man of the board of directors of the First Security Bank of Utah, who died in February. Mr. Champ became Cache county war bond chairman in 1942, area coordinator of the Utah War Finance Committee in 1944, and district chairman of the Savings Bonds program in 1954. He has received the Treasury's Trea-sury's 10-Year pin and the President's Pre-sident's Prayer Award for outstanding out-standing service to the savings bonds program over the years. Secretary Humphrey wrote Mr. Champ: "I am pleased to learn of your willingness to accept the important volunteer role as state chairman of the savings bonds f. 'iVjM h I. v ' I . i in ii "mi iii liiiiTri mr-frnl Wwiiinwi J FREDERICK f. CHAMP Ntwly Appointed Slot Chairman of ! U.S. Saving! Bondt Commit! lor Utah program for Utah, and I am delighted de-lighted to appoint you to that capacity for the customary two-year two-year period. We at the Treasury are enthusiastic about this program pro-gram which is important to us in our determination to achieve and maintain a sound and honest dollar." dol-lar." Mr. Champ is also president of the Utah Mortgage Loan Corp., the Cache Valley Building Co., and the Champ Investment Co., all in Logan. He is chairman of the board of the Commercial Security Se-curity Bank of Ogden, and a director di-rector of the Paramount Fire Insurance In-surance Co. In addition to his banking and business activities, Mr. Champ has held many positions of public pub-lic service. He is a former director direc-tor and vice president of the U. S. Chamber of Commerce. He has served at various times on the Governor's Commission for Reorganization of the Utah State ! Government, and as chairman of the Governor's Advisory Committee Com-mittee on Public Welfare and Emergency Relief. In World War I he served with the U. S. Food Administration, and later on relief re-lief assignments to the Near East, Russia and Armenia. . In accepting this appointment, Mr. Champ stated: "The United States Savings Bonds program is an essential in the management of the public debt and in helping to preserve the purchasing power pow-er of the dollar. It is unique in that it is conducted largely by volunteer workers with a minimum mini-mum of expense, due to the fine public service of the banks, management man-agement and labor, the press, and other advertising media, in helping help-ing to promote this program. "I have been proud to be associated as-sociated with this program from the beginning and I am confident that all of those fine volunteer : workers in our state organization will continue to cooperate in promoting the sale of bonds thru the payroll savings, the farmer's purchase, and the bond-a-month plans and all of the various programs pro-grams by which we can as individuals indi-viduals build valuable personal reserves and add to the strength of our country," he concluded. "We of the Treasury's Savings Bonds staff for Utah are very happy that Mr. Champ has accepted ac-cepted the position as state advisory ad-visory chairman and look forward for-ward to renewed activity within our volunteer organization," said Clem S. Schramm, state sales director. |