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Show Share in Freedom' Bond sales being pushed Unless one is more than 35 years old, he probably won't remember the tremendous tremen-dous Bond Drives of World War II, when celebrities sold them on street corners and the as well as tax deferral. These are the things the small saver should consider, it is noted. no-ted. Another is the ease of purchase pur-chase on some automatic plan, such as Payroll Savings or the Bond-A-Month Plan at banks. So a word to the wise younger generations. Take a look at the whole picture before you reject Savings Bonds. All this is brought to mind by the fact that April 28 to May 4 has been designated as "Share-in-Freedom Week." All are asked to keep a sharp eye and attentive ear, and an open mind all week, according accord-ing to Sterling E. Price, the chairman of Utah County Savings Sav-ings Bond Committee. public flocked to buy them "to help the war effort." War Bonds now called Savings Bonds did more than provide a patriotic outlet. They established a pattern of thrift, the like of which this country had never seen before. Today, the masses of Americans Ameri-cans are regular savers. The younger generations are savers, too, but they don't seem to know much about Savings Bonds and their specific spe-cific advantages, it is stated. For example, there's the tax deferral feature allowing E Bond interest to be reported at a later date for Federal income tax purposes. Holding such bonds until years of lower income in-come can result in substantial tax savings. Moreover, both E and H Bonds and the new Freedom Shares are not subject to state and local income in-come taxes. Too many people, especially among the younger ones, are apt to look solely at the interest in-terest rate. What the small saver must realize is that other factors are important. Safety and guaranteed return |