Iron County Record | 1960-01-28 | Page 5 | County Savings Bond Purchases Exceed 84 Thousand

County Savings Bond Purchases Exceed 84 Thousand Francis W. Betenson, manager. First Security Bank at Cedar City, Ci-ty, county savings bonds chairman, chair-man, announced today that savings sav-ings bonds purchases in Utah during 1959 exceeded $18 million, according to word received from Frederick P. Champ, state bond chairman. "Purchases during the last quarter were in excess of thos for the same period of 1958, Indicating Indi-cating tiiat the new 3 Interest Inter-est rate which was approved lr September, retroactive to June I, is encouraging more and more? people to Invest in E and II savings sav-ings bonds. The fact that the year's sales reached a total of $18,150,455, in spite of the large loss in payroll savings accounts because of the strike situation, is most reassuring," Mr. Champ-said Champ-said in his report. Chairman Betenson also announced an-nounced that purchases in Iron County for December were $13,-361, $13,-361, and for the year 1959 totaled: $84.397. or 64.4 of its sales goaJL