The Wyandotte herald. (Wyandotte, Mich.) 1879-1943, 1941-05-02
Defense Bonds
Now on. Sale

United States defense savings bonds
and postal savings stamps were placed
on sale in the pOstoffice at the open
ing Gf business yesterday morning. as
part of the national effort to make
America impregnable.
Postmaster Adam PrzybylSki an
nOunceS that plans are completed for
this community. along with thousands
of others from coast TO coast, TO do
its full part ut the opening of the saw
inss program.
Postmaster General Frank &. Walk
er. in Il letter 10 pOStmaSteuS through
out the country. said that the help OF
local postmasters would be "a real
service to the country" He transmit
ted the thanks Of Secretary of the
Treasury MOrgenthau for the help that
local pOstmaStens have already given
in the sale of United States securities
and also MOrgenthau'S thanks in ad-
vance for cooperation which he
KNOWS you will give to this new eff
fort"
The new defense savings bond is
similar To the familiar baby bond" Of
which more than five billion dollars
worth have been bought by more than
two and Il half million Americans
since 1885. A defense bond purchased
May /. or thereafter. for $1S.75, in
10 years this bonds will be worth SD.
This Is an increase OF 80 1-3 per cent,
equal to an annual interest return OF
% per cent, compounded semi-annual-
ly. ANY time after sixty days from the
date Of purchase. the bond may be re-
deemed for cash, i'll accordance with a
table of redemption value printed on
the face Of the bond. To spread in
veStments widely among all the people
in America. Il limit Of 5000 has been
set on the amount Of these bonds TO
Ike bought by any one person in one
year The bonds are in denominations
of So so, 500. 500 and $1,000 all
OF which are sold for "a per cent OF
their maturity value and all Of which
mature in ten years. For larger in
vestOrS who can afford to purchase up
TO $50OOO worth OF bonds a year. the
Treasury Department has issued two
additional kinds of defense savings
bonds, but these bonds will he sold
only through banks and by DIRECT mail
from Washington. ID. G. They are in
tended for associations. trustees and
corporations. as we'll as individual
purchasers
For smaller investors who wish 70
buy a government bond on an easy
payment plan. the pOstOcice will have
a new series OF postal savings stamps.
at 10 cents. - cents. 20 cents. 81 and
s.. Each purchaser OF any savings
stamp higher than 10 cents will be
given, free of charge. an attractive
pocket album in which 10 paste his
stamps until he has enough TO buy a
81 bond or one Of higher denOmins-
ton. Thirty million of these albums
are now being prepared. The cover de-
sign Of the bnm * in color. featuring
United States battleship and an
eagle bearing the American Flag. On
the back cover Is painting OF the
Minute Man statue by Daniel Chester
French. which synfbOlizes the Ameri-
can citizen ever alert i'm defense or his
country. The inscription is America
on Guard
Secretary Morgenthau said that eV-
en- hoy or girl who saved 10 cents to
buy a savings stamp would help the
country. He added that won safeguard
your own money and your own future,
while helping the national defense. by
buying United States savings bonds
now"