The Oregon state employee., April 01, 1949, Page 14, Image 14

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OSEA Recommends Support
0 / U. S. Savings Bond Campaign
Y o u r p u b ligf relation s" dire ctor w as
quite pleased to receive a v isit from
Thom as ^P. G uerin, state director for
O re § in , savin gs bond d j E S i f e
U. S. treasu ry departm ent. M r. G u erin
w as in Salem the latter play- of M ay
to find the best w a y to solicit the in -
terest of state em ployees in U. S. sa v ­
ings bond purchasing and w as in ­
form ed th at the O S E A w as the best
organization to contact.
O ur v isit together w as pleasant and
in stru ctive and, w ith the approval of
you r board of directors, I
ise our support of the fed era l g o v ­
ern m en t’s cu rren t cam paign to p ro ­
m ote bond pu rch asing b y the people
and esp ecia lly b y state em ployees.
oiJEB
d
Sam e Bonds W ith N ew Nam e
sam e kinds, denom inations, m atu rity
that w e rem em ber frcgifc
th e w a r years, but the “ w a r ” is drop­
ped and th ey are now “ savings bonds.”
T h ey are still bearin g the same iden-
tj fying series nam es “ E ” , “ F ” , “ G ” ,
B N T h ey can be
s a me w a y as w e bought w a r bonds,
b y p a yro ll deductions, and t h i g g M
you r local banks for cash or b y m onth­
ly deductions from you r bank account.
Som e In terestin g F acts
T o S a y in the U. S. there are over
7 4Hh^Thio'nlfeW ^ B h »
in savings
'bonds,
k m l B tha j g S h e ^ |n£W
th W w B O ^ N
bonds.
T h ey are backed b y the fu ll faith,
and credit B K t h e j B ^ B g A m erica.
T h ey are safer than cash for they
I can be replaced if lost, stolen or de-|
stroyed.
If
5
w e e k for s a v ­
ing bond purchasing, he w ill h ave $195
in 1 year, $1,004.20 in 5 ^ y w p,163.45]
in 10 years and the m atu rity .'value of
his 10 yea r b u yin g program w ill be
tb.$2600, pona&g b ack 10 years fro m is­
sue date ^ o f the bonds he bought.
O th er w e e k ly B r i ngs am ounts are ap-
!B
p ro x im ately in proportion.
0
I Th^ j H N w ings in b o nds h a v e c a r->
rie d m a n y
over p e rio d s b f
bein g out of w ork, andj j l M been the
m eans of m ain taining good credit
In some of O regon ’s cities,
esp ecia lly those in the; tim bfer^ar.e^ ^ ^
hard hit b B K t ^ m t ^ M lu m p , th e J
ca refu l cashing of boncffllijought d ur-
ing better tim es a ctu a lly k ep t
cities’ econom ics in bal^Nse* preven ted
slum ps in other businesses and kept
m any fam ilies from depending on
others. It is reported th at bond cash-
ins in cities lik e G rants P ass and Coos
B a y ran around $100,000 a m onth
w in te r. Those prior sa vin gs cam e in
handy!
W e are inform ed th at of
nation al debt of about 253 b illio n ( H |
la r s, some 62 per cent is n o w fin an ced
IS ^ b a n ÎC ÿ ^ ^ ^ B tm e n t trusts, life in -|
H ^ n c e c o m p a n ie S e tc ., b y th eir in-^
vestm ent m M B N B h o r t term fed era l
notes. O n ly about 38 per cent is funded
b y lon ger term bonds b y th j l | iti|Miry .
It is the idea of the m a jo rity of the
co u n try ’s lead in g th in kers th at our
fed era l obligations should be secured
b y bonds held by the people, p r iv a te ly -
held bonds, on the th eory th at a
broader spread of the debt is a h ea lth y
thing fo r '¡the M i t r e s I a w h o le . One
w a y of th in kin g about t l w is th at the
ta x p a y e r ( John Q . P u b lic ) p a ys the
b S s l a n d the interest and it is better
to h a v e the prin cipal and interest com -
ing to a lot o f p r ffa r a jfit i
than to a co m p ara tiv ely fe w fin a n ­
ciers, trusts, banks and lend ing agen ­
cies.
Regular Savings a Good Habit
No one 'n,eeds to b e told th at the
reg u la rity o f ^saving is a good w a y tea
build up a reserv e again st'a; ra in y d a y "
Those of -Us w h o w e re A|ortunat<|
enough to b e ab le to b u y w a r savin gs
bonds and to h a n g on to some of them
a t W S H I fe e l p re tty h a p p y to k n o w
N B w h a te v e r w e n o w h a v e rep resen ts
a v a lu e that is in creasin g all, the tim e
and represen ts m oney th at could easily
h aW^Se e N B e n t .
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