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Show Defense Savings Bonds To Go On Sale May First The United States Defense Savings Bonds and Postal Savings Stamps will be placed on sale in :he Post Office at the opening of business on Thursday. May I, as part of the national effort to make America impregnable. Postmaster Kay K. Bohne announced an-nounced today that plans are nearly completed for this community, com-munity, along with thousands of others from coast to coast, to do its full part at the opening of the av.r.gs program. It is expected that the Mayor and other civic leaders will toe among the first .eurchasers of savings bonds and stamps here. Postmaster General Frank C. Walker, in a letter to Postmasters throughout the country, said that the help of local postmasters would be "a real service to the 'our. ry. He transmitted the tiianks of Secretary of the Treasury Treas-ury Mo ;enthau for the help that local postmasters had already given in the sale of United States ecurt:cs, and also Mr. Morgen-'.hau's Morgen-'.hau's thanks in advance "for the reoperation which he knows you will give to this new effort." The new Defense Savings Bond is similar to the familiar "Baby Bond", of which more than five : 11 ion dollars worth 'have been bought by more than two and a half million Americans since 1935. A Defense Bond may be purch- ased May 1, or thereafter, for $18.75. In ten years, this bond will be worth $25.00. This is an .ncrease of 33 1-3 per cent, equal to an annual interest return of 2.9 per cent, compounded semiannually. semi-annually. Any time after sixty days from the date of purchase, the bond may be redeemed for cash, in accordance with a table of aedemption values printed on the face of the bond. To spread investments widely among all the people in America, a limit of $5,000 has been set on the amount of these bonds to be Dought by any one person in one year. The bonds are in denominations denomi-nations of $25, $50, $100, $500 and M.Ol'O, ail ot which are sold for 75 per cent of their maturity value and all of which mature in Len years. For larger investors who can afford to purchase up to $50,000 : worth of bonds a year, the Treasury Treas-ury Department has issued two additional kinds oi Defense Sav-ngs Sav-ngs tio.ids, but these will be sold only through banks and by direct mail from Washington, D. C. They are intended for associations, associa-tions, trustees and corporations, as well as individual purchasers. For the smaller investor who wants to buy a Government Bond oil an easy payment plan, the post office will have a new series of Postal Savings Stamps, at 10c, 25c, 50c, $1, and $5. Each purchaser purch-aser of any savings Stamp higher than 10c will be given, free of charge, an attractive pocket album al-bum in which to paste his stamps until he has enough to buy a $25 bond or one of higher denomination. denomina-tion. Thirty million of these albums al-bums are now being prepared. The cover design of the albums is in color, featuring a United States battleship and an eagle bearing the American flag. On the back cover is a painting of the Minute Man statue by Daniel Chester French, which symbolizes symboliz-es the American citizen ?ver alert in defense of his country. The inscription is "America on Guard." Secretary Morgenlhau said that even a boy or girl who saved 10c to buy a Savings Stump would help the country. He added that "you can safeguard your own money and your own future, while helping the nationaJ defense, de-fense, by buying United States Savings Bonds now." |
