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Show BEAR RIVER VALLEY LEADER Page Seven . AM ro juvery ocao from the President THE WHITE HOUSE WASHINGTON June 24, 1943 lr dear llr the Secretary ' Through you, as Secretary American people on the ray tary payroll savings plan I an proud of the of the Treasury, I rant to congratulate! in which they have supported the fact that 27,000,000 patriotic Americans volun- are regularly investing more than $420,000,000 a month to help pay the cost of the war And since all of this money comes from "wages and salaries nearly 90 percent from people earning less than $5,000, and the bulk of it from those working in war plants I do not hesitate to say that the payroll savings plan is the greatest single factor we now have in protecting ourselves against inflationary spending is a great record, both from the standpoint of curbing inflation and from the standpoint of financing the war However, I heartily endorse your present drivo to improve that record, and I agree it must be improved if we are to keep pace with the increasing demands of the war This , I therefore join you in calling upon the American people to do still more Addi. and upon labor and management particularly jtional people should be convinced of the necessity of participating. Everyone now on the payroll savings plan should materially increase the amount of bonds he is buying We originally asked for 10 percent,. but now we need considerably more . I hope every American on a payroll will figure out for himself the extent to which he can curtail hi3 spending, and will put every dollar of additional saving thus made into the payroll savings plan Sincerely yours, 3he Honorable, Die - SecretanTof ""the" Treasury s |
