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Show Utah Trails In Savings Bonds Drive; County Purchases Only 12 of Quota At the end of five weeks of the Independence Drive for the sale of U. S. Savings Bonds, Utah had purchased only $1,-012 $1,-012 348 out of a state quota of $2 316,000, Clem S. Schramm, state director of U. S. Treasury Savings Bond sales, announced this week. The record for Utahns in the drive is poor. The percentage of sales for the state is only 43.7 per cent of the quota, while the national average is 50.6 per cent. Total sales this year are more than $100,000 below the same period of the Opportunity Drive in 1949. Utah has dropped from 24th among the states a week ago, to approximately 35th place this week. Only $140,044 in Series E bonds were sold in the last reported week against approximately $300,000 per week necessary to maintain the drive schedule. An appeal has been issued by Charles L. Smith, chairman of the Utah volunteer bond committee com-mittee to bankers, county bond chairmen, and civic leaders to push the sale of Series E bonds until the quota of $2,316,000 is reached. "The situation is quite serious," he declared, "as the pattern of. all previous bond campaigns woud indicate that this year Utah may fail to make its quota or equal the national average. All financial authorities have okehed the bonds for investment and urge their purchase. They remain absolutely ab-solutely the safest investment in America, and the return is good." To date Duchesne county has purchased a total of $1,219 worth of Series E bonds, or 12.2 per cent of its quota, against a state average of 43.7 per cent of quota, it was announced by Heber T. Hall, county bond chairman. |
