Show Utah Trails Nation i i In Bond Drive I I At the end of five week I of ot the Independence Drive for the sale tale of U U. S. S Savings Saving S Bonds Utah had purchased only only out of a state quota of or 2316 Clem S S. Schramm state director of U. U S. S Treasury Savings Bond Bondi sales sales' sales announced this week The record for in the drive is poor Its percentage of sales for the the state Is only of the quota while 1 the national average is Total sales I this year are more than I I below the same period of ot the Opportunity Drive in 1949 Utah has dropped from among the states a week ago ago to approximately place this this' week Only in Series E bonds i were sold in the last reported week i against approximately per week I necessary to maintain the drive d r 1 v e I schedule An appeal has been Issued by Charles L. L Smith chairman of ot the Utah vol- vol volunteer volunteer volunteer bond committee to bankers 1 I county bond chairmen and civic leaders to push the sale of Series E bonds until the quota of is reached re hed The 1 situation is quite serious he declared as the pattern of ot all previous bond bondI 1 I campaigns would that this year Utah may fall fail to make its quota or equal the national average All financial authorities have the bonds for investment and urge their purchase They Th y remain absolutely the safest In- In Ini investment i vestment in America and the return Is good It has been pointed out that dissat dissat- dissatisfaction dissatisfaction with deficit spending of ot the I government is no excuse tp refuse to Invest in government savings bonds If financing Is not obtained through public subscription the government can obtain I funds through the banks by which method inflation might ensue The money obtained from the sale of ot bonds Is used not for regular government spending but for tor the refunding of bonds Issued earlier To date Summit county has purchased a total of worth of Series E bonds or of its quota against a I state average ot of of quota it was I announced by Ed J. J Douglas Simpson and Floyd D. D Williams county bond cochairman I I |