The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1942-05-28
On This
Occasion
A Few Observations on Matters
Material and Immaterial by
the Editor.

The War Saving branch of the
Civilian Defense Council as well as
others who have kept an eye on the
financial pulse, are not exactly salts
fed with the response to invest a
certain per cent of your salary or
wages in war bonds or stamps 10 aid
the government in prosecuting the
greatest war since the beginning of
time" 1t is feared Ely will fall short
of its allotted quota of $4,000 this
month and its quota for next month
and the next and and next for God
knows how long unless the sales are
perked up.
Up to Tuesday, the amount of bonds
sold totals $28,447.65-a large share OF
the $4,000 allotted and the total
may be reached before the end of the
month with three working days yet
to go. The committee is somewhat
skeptical about the outcome of this
the first month a drive has been
made but feel that it will be easier in
the following months to raise the
quota providing a little more CO.
operation is extended those securing
the pledges.
Should the voluntary method Of
raising funds not accomplish the
desired result, the prospects are that
Congress will pass an order enforc-
ing by law the collection Of 10 per
cent of your income, either salaries,
wages or otherwise. 1t is hoped that
this method of raising the 100000, 900
or more required daily to finance this
country's entry into the world con-
f1ict will not become necessary, but
that voluntary purchases of bonds
the best security in the world today
will suffice to furnish the amounts
required to keep the United States a
free country according to the Con-
stitution and the Bill of Rights.
When you buy war bonds, you not
only help your govtrnment in uphold
ing its freedom, and the freedom
many of you left the old country to
secure for yourself and family, but
also you are laying aside next egg
which will come in handy when this
war is over Besides guaranteeing you
the principal on your investment, you
are getting interest on your money
For example, you buy bond for
s18.75. The government promises tc
pay you back $25 for the $18.75 invest
ment ten years from the date the
bend is issued. Larger issues furnish
corresponding figures of savings.
With all these assurances, there are
un-American skeptics who feel thai
their money is safer in can in the
basement. We might lose the wal
they say. If we do, the money in thu
can viii be worth nothing. Hitler o.
Hirohito will see to that. Neither vii
anything else you possess, be worth
a tinker's dam, and your loved one
will become slaves of the RUTHLESS
powers, Just the same as the people
of conquered Europe are today. Fo
this reason everyone should give tn
use of their time and money to tn
government for war purposes. Blu.
bonds and then buy more bonds. Go al
out to win the war. IF We do thi
and stand behind the government W
cannot lose Our efforts, our men, an
our money are needed.
Carefully calculating the amount o
the payrolls distributed in Ely ever
month. it is estimated that owe
$4,000 gets out of circulation an
this is the estimated amount goin
into the basement savings deposit
and disappears. This is just tn
amount that should go into bond
plus the amounts bought by those !
business to whom about $4,000
distributed in the monthly trans
actions-or should be.
Those in charge of securing pledgt
state that they found desire on tf
part of people generally to help tn
desire was more manifest in tho'
whose circumstances prevented an
out war savings plan but did all
their power. Others again had not
vet become war conscious and We
Sinking their duties as free America
citizens. Those smart ones who 81
"In be Id if will help this
that foreign nation" should tai
stock of themselves, cut out th
nationality stuff and think and a
American.
-E-
Remember Pearl Harb0r