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Show Series Of Old War Bonds On Display At Commercial Bank Of Utah; Collection Oates Back to Days Of 1776 On exhibit at the Commercial Bank of Utah in Roosevelt for approximately two weeks is an old and valuable collection of Government Bonds. According to Wesley R. Dick-erson, Dick-erson, County Defense Bond chairman, this display has been loaned to the Duchesne county committee by the Register of the Treasury of the United States to give the people of this area an opportunity to see some of the original Bonds used by our government to help finance wars and major territorial de-velopments. de-velopments. Beginning with a copy of a "War For Independence" bond, issued in 1776, the first bond to bear "The United States of America," this collection contains con-tains aotual canceled bonds from the Civil War, the Alaska Purchase in 1868, the Union Pacific Railroad development in 1869, the Spanish American War of 1898, and several others of historic interest. "Throughout our history as a nation," Mr. Dickerson, commented, com-mented, "govemmenit bond financing fi-nancing has enabled us not only to meet the costs of defense and war, but to pay for many priceless price-less benefits that we could not pay for out of current taxes a fact we are prone to forget." All of the bonds and other Treasury loan certificates in the collection are originals except those of 1776, 1803 and 1812, which are fascimiles, since only a single specimen of each of the latter issues is known to exist, Mr. Dickerson explained. Of particular interest to the Defense Bond holders in Utah is one bond in the display that was issued to a Salt Lake Citibank Citi-bank during the middle part of the 1800's. Also, many local people will recognize the Panama Pana-ma Canal Loan bond of 1903. This has been termed the most fruitful public works investment invest-ment ever financed by a U.S. bond issue. Not only did it build the most important water artery in the world, both strategic stra-tegic and commercial, but out of it came the conquest of yellow yel-low fever and malaria, two of mankind's worst scourges. Ray E. Jordan, of the Bank stated that the present improved Series E Bonds are doing just as good if not a better job in aiding our government during this time of financial problems. Mr. Jordan went on to say that - he joins with other banker., members of the Utah Bankers Association, - who have whole heartedly endorsed the purchase of Defense Bonds as a wise in vestment. A cordial invitation is extended by the bank to every-j every-j one in Duchesne county to visit I the bank and see this display. |
