HERMISTON HERALD HERMISTON. OREGON
PAGE FOUR
THURSDAY. SEPTEMBER 23. 1943
Are Farmers Buying
Enough War Bonds?
T
HIS BUYING OF WAR BONDS IS A “MUST.” THERE
CAN BE NO FOOLING ABOUT IT. THE ONLY ALTERNA
TIVE IS THREATENED INFLATION.
WE ARE IN A WAR. THE WAR WILL BE FINANCED
WHETHER PERSONS BUY BONDS OR NOT. YOU KNOW
THAT AND I KNOW IT. IF IT ISN’T FINANCED .THE RIGHT
WAY IT WILL BE FINANCED THE WRONG WAY.
THE RIGHT WAY IS BY SALE OF BONDS TO INDIVID
UALS WHO PAY REAL MONEY FOR THEM, AND BECAUSE
THEY’VE PAID OUT THEIR MONEY FOR BONDS DON’T
AND CAN’T SPEND IT FOR SOMETHING ELSE.
THE WRONG WAY IS BY MORE OR LESS FORCED
SALE OF BONDS TO COMMERCIAL BANKS, THUS IN
CREASING THE AMOUNT OF CHECK MONEY AVAILABLE
FOR USE—WHICH IS MERELY THE MODERN EQUIVA
LENT OF PAYING THE GOVERNMENT’S BILLS WITH
PRINTING PRESS MONEY. THIS WRONG WAY PROMOTES
RUNAWAY INFLATION AND RUIN.
IF INDIVIDUALS PUT THEIR MONEY INTO BONDS IN
STEAD OF INTO BANKS OR CURRENCY, WE DRAIN OFF
BUYING POWER AND GET ALONG WITHOUT THINGS . . .
AND BONDS DON’T BURN A HOLE IN OUR POCKETS LIKE
CURRENCY DOES. CURRENCY REPRESENTS SPENDING;
BONDS REPRESENT SAVING. WHAT WE SAVE NOW IN
BONDS WE CAN SPEND AFTER THE WAR IS WON, AND
SPEND IT FOR INFINITELY BETTER MERCHANDISE THAN
IT IS POSSIBLE TO GET NOW.
GOVERNMENT BONDS AND DOLLAR BILLS ARE
PRINTED ON THE SAME KIND OF PAPER AND HAVE THE
SAME SECURITY BACK OF THEM—WHICH IS THE UNIT
ED STATES OF AMERICA. WHATEVER KIND OF WORLD
WE LIVE IN AFTER THE WAR, BONDS AND BILLS WILL
HAVE THE SAME UNIT VALUE. THE ONLY DIFFERENCE
IS THAT THE “E” BOND WILL HAVE COST ONLY 75 CENTS
ON THE DOLLAR AND WILL BE WORTH 100 WHEREAS
THE DOLLAR BILL WILL HAVE COST 100 CENTS AND
WILL BE WORTH 100 CENTS. IF WE HAVE AS MUCH
SENSE AS A SQUIRRIL AND KNOW THAT WE MUST
HOARD FOR THE FUTURE, BONDS—NOT CURRENCY-
ARE THE THING TO HOARD.
THEY SAY THE FARMERS ARE NOT DOING THEIR
PART IN THIS THIRD WAR BOND DRIVE. IS IT TRUE? WE
DON’T BELIEVE IT! WE KNOW THAT FARMERS ARE IN
THE MIDST OF HARVESTING AND SORELY PRESSED FOR
TIME. WE KNOW THAT THEIR PROBLEMS HAVE NOT
BEEN HELPED ANY BY CONDITIONS UNDER WHICH
THEY HAVE TO WORK.
The Above
BUT THIS DRIVE IS BIGGER AND MORE IMPORTANT
THAN INDIVIDUAL PROBLEMS. IT IS THE JOB OF THE
PEOPLE OF THE UNITED STATES OF AMERICA—ALL OF
THEM, INCLUDING FARMERS.
THERE ARE NO SOUNDER THINKERS IN AMERICA
THAN ITS FARMERS. THERE ARE NO HARDER WORK
ERS. NO ONE CAN BE MORE FRUGAL OR TAKE IT ON
THE CHIN WITH LESS COMPLAINT. AND NO ONE WOULD
SUFFER MORE UNDER RUNAWAY INFLATION THAN THE
FARMER.
MANY A FARM HOME HAS A BOY IN THE SERVICE—
A BOY WHO IS NOT GETTING ANY FUN OUT OF HIS JOB
EXCEPT THE SATISFACTION OF KNOWING HE IS KEEP
ING THE WORLD FREE. HE IS PUTTING UP WITH INCON
VENIENCE; HE IS BEING REGIMENTED; HE IS DRIVING
AND BEING DRIVEN; HE IS RISKING HIS LIFE—YES, AND
MAYBE GIVING IT!
ANYTHING WE CAN DO AT HOME IS LITTLE COM
PARED TO WHAT THE BOYS ARE DOING.
" THE BIGGEST THING WE CAN DO IS GET SQUARELY
BEHIND OUR GOVERNMENT WITH EVERY BIT OF CASH
WE CAN SPARE.
WE ASK THE FARMERS OF OREGON TO STEP FOR
WARD PLEASE, AND PUT THEIR MONEY INTO WAR
BONDS NOW. NO POSSIBLE HARM CAN COME FROM DO
ING IT. YOU CAN EVEN GET YOUR MONEY ALMOST AS
EASILY AS IF IT WERE IN CURRENCY, IF YOU NEED IT.
LET US SHOW A UNITED FRONT AND TEAR INTO
•THIS JOB AND GET IT DONE. THERE ARE JUST TWO
THINGS THAT ARE VITAL NOW:
(1) WE MUST PRODUCE.
(2) WE MUST SAVE FOR THE WAR EFFORT.
YOU KNOW HOW TO PRODUCE.
THE BEST WAY TO SAVE IS IN WAR BONDS.
MAC HOKE
U. S. ALDERMAN
RONALD E. JONES
LEONARD CARPENTER
ED LAGE
R. L. CLARK
HERMAN OLIVER
O. W. CUTSFORTH
ARMAND W. PERKINS
GEO. FULLENWEIDER
F. A. PHILLIPS
ELLIS DEMENT
ALBERT POWERS
ED GEARY
MORTON TOMPKINS
AMMON GRICE .
R. A. WARD
SAM B. HALL
CLAUDE HANSCOM
CECIL YATES
• The cash value of Oregon s 1943 farm crop is an estimated
$243,000,000. Out of this sum, Oregon farmers should invest
$25,000,000 in War Bonds during the month of September. We
know all of the alibis, but there is not a single reason why it can
not be done. Anything less is not enough. Back the boys with
bonds! We must not let them down !
age Is Sponsored by
Umatilla Project Farm Bureau and the Various Other
Cooperatives of This Community.
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