OCR Text |
Show sS flBBOSS fo the DESK D',H"S From The Newt-Review, River-head, River-head, New York Bitter experience experi-ence has taught many innocent victims that chain letters, whatever what-ever cash outlay is involved, are a bad risk. The .current chain letter scourge, applied to the purchase of U. S. Savings Bonds, is especially unfortunate. Not only does it practically guarantee its participants a loss of money and a sense of frustration, but It casts sinister shadows upon a hitherto unsullied Investment. The purchase of the U. S. Savings Bond Implies no gamble whatever: with principal and interest in-terest fully, guaranteed by the government, It offers one of the best savings plans available at this time. To acquire bonds by the chain letter method, "for nothing," presents an element of danger that no sensible citizen should risk. Instead of obtaining a bond "for nothing," the customer cus-tomer invariably must settle for "nothing," at alL This newspaper emphatically echoes the warning of the U.S. Treasury, to disregard the chain letters now in circulation on Eastern Long Island, and to ignore ig-nore the implication that the government, gov-ernment, and banks, approve the idea in order to increase Bond sales. This last is not true. On the contrary, the Treasury Department, De-partment, through the Federal Reserve Re-serve Bank, has instructed banks and other bond issuing agencies to reject applications for the pur-s chase of bonds where the appli- cant states, or the issuing agent has reason to believe, that the bonds may be used in the chain letter racket. Quite naturally, the Treasury Department wants to sell as many bonds as possible, to as many United States citizens as possible, for the sake of both citizens and nation. Always, however, the Treasury wants the sale to be in the interest of thrift and good financing. Like most "get-rich-quick" schemes, chain letter bond selling can be expected to produce no tangible result beyond a deficit and a headache. Throw the next chain letter away, folks, and do your bond buying through proper channels. |