ChicagoUniversity Offers New Course Applications for admission to a new graduate program in com munication at the University of Chicago are now being accept ed, according to Professor Doug las Waples, chairman of the Uni versity’s Committee on Com munication. Started last fall, the program is focused upon the effects of mass media upon public opinion, attitudes, and behavior. It is in tended primarily for students who plan careers in journalism, public relations, advertising, pub lic information, foreign service and related research activities. Applications for autumn 1955 may be obtained from the Com mittee on Communication, Uni versity of Chicago, Chicago 37, 111. Accounting Group Initiates Nine Men Nine students and one alum ! nus, majors in business adminis ! tration, were initiated into Beta Alpha Psi, men's accounting hon orary, last Thursday night. The new members are alumnus James Burleson, partner in a Dallas. Texas, accounting firm; Walter Coder, sophomore; Norman Toel le. senior, and John Gregor, Alan Kehrli, William Baker, Donald Millage, John Eittreim, James Barnard and Roger Miller, jun iors. Today's Staff Makeup Editor—Dorothy Her. News Desk—Bob Robinson and Anne Hill. Copy Desk—Joan Kraus, Carole Beech and Bob Turley. Night Staff—Bev Chamberlain and Cay Mundorff. ’Stock Market* NEW YORK ?cctieut Safubt, yotc WBy it’s 'wise to Bold U.S. Savings Bonds By Homer J. Livingston, President of The First National Bank of Chicago and President, American Bankers Association Like millions of other Americans, you probably know that our government’s Series E Savings Bonds rank among the surest, safest and best investments in the world. But I wonder if you realize that an extremely attractive feature has been added to them. Today, you no longer need cash your Bonds at maturity (9 years, 8 months after pur chase) . You can hold them for as long as 19 years, 8 months. And this enables you to get a far greater total yield from them, since the interest paid on Savings Bonds is cumulative. That is to say, your Bonds pay interest not only on the principal, but on the accumu lated interest itself! Now, the longer you hold your Bonds the bigger this accumulation gets —and, correspondingly, the more money your Bonds pay in interest every year. 1£ you invested $37.50 in a Savings Bond ten years ago, it could be redeemed for $50.00 today. You would make $12.50. But if you keep that Bond for ten more years, you will make a total of $29.84 on your original in vestment. In other words, if you hold your U. S. Savings Bonds for double their original period, your total yield is considerably more than just double. So, if you can possibly arrange it, hold your Bonds for the maximum period—19 years, 8 months. You don’t have to sign any papers or visit your bank to do this. The extended earning period is automatic. And, of course, go on investing in U. S. Series E Savings Bonds—through the Pay roll Savings Plan where you work. If self employed, invest in Savings Bonds regu larly where you bank. Want jour interest paid as current income? Invest in 3% Series H. United States Government Series H Bonds are new current income Bonds in denominations of $500 to $10,000. Redeemable at par after 6 months and on 30 days’ notice. Mature in 9 years, 8 months and pay an average of 3% per annum if held to maturity. Interest paid semiannually by Treasury check. Series H may be purchased through any bank. Annual limit: $20,000. This (hot shows tho 10-yoar cvlor'iod taming f'ttw of yoar Extended Maturity Vatu*. Original Maturity Valua... $134.69 100.00 Period After Maturity Date Redemption Valuer During Each Year ft to I year. I'/i to 2 yean. ... #*/j to 3 yean.... 3ft to 4 yean.... 4'/t to S yean.... *’/l to 6 yean.... O'/i to 7 yean.... 7*/, to • yean... . •'/> to 9 yean.... 9ft to 10 yean... Kxtended maturity value (10 yean from original maturity date). (101 .SO 104.50 10740 110.50 114.00 117.40 131.30 124.(0 12(60 13340 134.61 Now even better! Invest more in Savings Bonds!