Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1941-04-25
UNITED STATES
DEFENSE BONDS
PLACED ON SALE
This Section DESTROYS OF Doing
Its Part In Making The
Country Safe

The United States Defense Saw
ings Bonds and Postal Savings
Stamps will be placed on sale in the
main Post Offices at the opening of
business on Thursday, May 1, as part
of the national effort to make Amer
lea impregnable.
Postmaster Ellwood E. Matthews,
Pocomoke City, Md, announced today
that plans are nearly completed for
this community, along with thous-
ands Of others from coast to coast,
to do it's full part at the opening of
the savings program. 1t is expect
ed that the Mayor and other civic
leaders will be among the first pur-
chasers of savings bonds and stamps
here.
Postmaster General Frank C. Walk
er, in letter to Postmasters through
out the country, said that the help
of local postmasters would be "a real
service to the country" He trans
mitted the thanks of Secretary Of the
Treasury Morgenthau for the help
that local postmasters had already
given in the sale of United States
securities, and also Mr.. Morgenthau's
thanks in advance "for the co-opera-
ton which he knows you will give to
this new effort" -
The new Defense Savings Bond is
similar to the familiar "Baby Bond"
of which more than five billion dol
lars worth have been bought by more
than two and a half million Ameri-
cans since 1886.
A Defense Bond may be purchased
May 1, or thereafter, for $1S.75. In
ten years, this bond will be worth
$500. This is an increase of SO 1-3
per cent, equal to an annual interest
return of 90 per cent, compounded
semi-annually. Any time after six
ty days from the date of purchase,
the bond may be redeemed for cash,
in accordance with table of redemp-
ton values printed on the face of the
bond.
To spread investments widely a.
n1ong all the people in America, a
limit of $4,000 has been set on the
amount of these bonds to be bought
by any one person in one year. The
bonds are in denominations Of $25,
$50, 500, $500 and $1,000, all of
which are sold for rs percent Of
their maturity value and all Of which
mature in ten years. .''''
For larger investors who can at
ford to purchase up to $780, 900 worth
of bonds a year, the Treasury Depart
ment has issued two additional kinds
of Defense Savings Bonds, but these
will be sold only through bank and
by direct mail from Washington, D.
C. They are intended for associa-
tions, trustees and corporations, as
we'll as individual purchasers.
For the smaller investor who wants
to buy a Government Bond on an
easy payment plan, the post office
will have a new series of Postal Saw
ings Stamps, at 10c, 25c, SOC, 81 and
SIS. Each purchaser of any Savings
Stamp higher than 10c will be given,
free of charge, an attractive pocket
album in which to paste his stamps
until he has enough to buy a $25
bond or one of higher denomination.
Thirty million of these albums are
now being prepared.
The cover design of the albums is
in color, featuring a United States
battleship and an eagle bearing the
American flag. On the back cover is
a painting of the Minute Men statue
by Daniel Chester French, which
symbolizes the American citizen ever
alert in defense of his country. The
inscription is america on Guard" =
Secretary Morgenthau said that
even boy or girl who saved 10c to
buy Savings Stamp would help the
country. He added that "you can
safeguard your own money and your
own future, while helping the nation
al defense, by buying United States
SAVINGS R0nds now0