The Durant news. (Durant, Miss.) 1882-1985, 1943-09-09
Back The Attock

Today marks the beginning of the third and most
important war loan drive in the history OF the country.
Fifteen billion dollars is sought from American citizens
on the home front to back the invasion attack OF our men
on the battlefields of the world.
This money must be raised. Failure is unthinkable.
Holmes county's quota of $4,000 must be raised.
1t is a pretty high goal and may be hard to attain. But
we must attain it. It is nearly three times our part in the
second war loan drive in April. At that time we were
planting our crops. Today we are harvesting them.
Holmes county boys are fighting on the ba%ttlefields
of the world. Some of them have already given their
lives for our freedom. Many more will die. The most we
can do at home is so little when compared with what our
men in the service are doing. Certainly we must show
them we are backing them up with everything we have.
Every citizen of the county is asked to buy to the
utmost of his ability War bonds and stamps. He is asked
to wear the badge of honor showing he has bought as
many bonds as he could and thus encourage his neigh
Dor to wear the white tag which says: i have Backed
the Attack with War Bonds"
Wont you go today to your postoffice or bank and
put YOUR money into the attack that will bring victory
to the United Nations and our loved ones home again?
Invasion Money Printed
Jack Stinnett says the Bureau of Engraving is
printing money BY the bale. the kind OF money we n nave
never printed before, but probably will keep on printing
The money is "Allied Military Lras," "Allied Mill
tary Francs" drachmas, marks, krones, florins, belgas,
zlotys and yens. In Sicily, the lras already are circulat-
ing. It may be presumed they will also be used in Italy
as we move in there. 1t may be presumed too that the
above mentioned, in the order named, will be used in
Greece, Germany, Denmark, Holland, Belgian, Poland
and Japan, when and if we move into these countries.
This is a chapter from the Axis YEARBOOK, because the
G0Tm60S JdpS cVcu LHCu IlitiA Soo
with them on their invasion junkets. But it's a chapter
that must be read in another way. The Axis used its spur
ious bills merely as flat money with which to strip con
quered nations of supplies. The Allies are using their
liras, ETC., to provide a stable and convenient medium OF
exchange, which the countries taken over can readily
understand.
On the surface the procedure is simple.
In Sicily, for example, the Allied armies are paid Off
in Am fras which are guaranteed to be redeemable on
the basis of 100 liras to the dollar and 400 liras to the
English pound.
These Ira notes are also used to purchase supplies
from the natives on the same basis and are even given
or rather Tent" to local industries, utilities, and local
governments to supply particularly their payroll needs,
with an understanding of course, that they will be repaid
from earnings or taxes.
In the case of local merchants, banks, municipalities,
etc.. the postwar edemption value is not guaranteed
presumably leaving this a matter to be settled at the
peace table.
Apparently, issuance of this money is a matter of
convenience and humanitarianism. There is no thought OF
flooding these lands with worthless legal tender. For
the moment, at least, nobody stands to get gypped out OF
q penny-certainly not the soldiers who, any day, can
trade their liras for the dollars or pounds they would have
been paid anyway.
There are two important questions that the Treasury
and State Departments and Army have allowed to go I'M
answered:
a.. Who established the rate of exchange at 100
liras to the dollar and 400 to the pound and why?
q. What is to be done about redeeming the money
in postwar times?
ANY answers you can give to those two questions is
going to raise a terrific furore in the ranks of the none
tary theorists. That's undoubtedly why they have gone
unanswered, the Allies will continue to be suspected
except in payment to soldiers on a guarantee basis -
of toying with the viciuos flat money the Axis has so
cruelty employed.
lAgPRP Campbell left Sunday to visit Mrs. J