Evening star., 1944-01-11

Bond Drive Leaders
Told Of Need 10 Refit
Men for Civilian Life
Kickoff Luncheon
Precedes Drive
To Begin Tuesday
The money lent to the Govern
ment in War Bonds will help not
only to win the war, but to refit
servlcemen for their positions in
civilian life, Maj. Gen David N. w.
Grant, air surgeon, yesterday told
more than 300 business and civic
leaders who attended the kickoff
luncheon for the Fourth War Loan
campaign in the MayfoWer Hotel
The campaign begins officially
next Tuesday.
we look upon the great day of
the armistice with Germany and
Japan as the end Of the duration, -
Gen. Grant said. Il am sorry to
suggest that the duration means the
period needed to win the war and
then to wipe out its cruel effects,
whether this takes 5, or 10 or so
years"
The Army Air Forces surgeon en-
phasized that I'VE want every man
to 60 back to civilian life ready to
cope with its problems" The dol
lars spent for war bonds, he said
are designed to bring back the
boys from each mission and eventu-
ally to return them to normal life
as useful, healthy and happy citi-
Zens."
Equipment Costly.
Gen. Grant observed that most
persons had an idea of the cost of
a bomber or a fighting ship, but
few Americans realized how much
of their bond money is needed to
buy such items as first aid and
emergency kits, oxygen equipment
for high-altitude flying. hospital
equipment at advanced bases and
medicine and drugs important to
save lives and relieve suffering.
The air surgeon is responsible not
only for providing supplies and
equipment to men in the Air Forces,
but also for the medical research
program, rehabilitation plans for
convalescentS and air evacuation of
the sick and injured
John A. Reilly, chairman of the
District War Finance Committee, in
issuing final instructions to the cam
paign workers, declared that every
ounce of energy you put into this
campaign, every extra bond you buy,
every patriotic rally you conduct,
every extra bond you sell, will hasten
the hour of victory"
Mr.. Reilly explained that the in
crease in the Districts quota from
$94 100000 during the last drive to
$95 100000 this time, despite a drop
of 81 900 100000 in the national goal
was based on a study by Treasury
officials. Factors considered, he said
were income of the people, deposits
of individuals, partnerships and cor
porationS in our banks, resources OF
insurance companies, and the fact
that substantial investors will again
be able to subscribe for their limit of
Series E, F. and G bonds.
Order Must Be Obeyed.
I'm any event." he said, "as an
army on the home front. we have
received an order from our superior
officer. 1t must be our privilege as
good soldiers to obey
The Importance of concentrating
on sales of bonds to individuals was
emphasized by Robert V. Fleming
president of Riggs National Bank
and a member of the Executive
Committee of the local War Finance
Committee. Mr.. Fleming pointed out
that individuals in the District will
be expected to by $53,0O0,0O0 of the
total quota. During the last drive
he recalled, the quota for individual
purchases was $50,000,000. of which
only S45, 100000 was actually raised
The main objective" he said, sis
| to Slphon off excess purchasing
power resulting from rising national
income in the hands of individuals. "
The "inf1ationary gap" excess of
purchasing power over taxes paid
goods and services available) will be
about SAT ,00O,0 100000 in the fiscal
year ending June 80, 1914 compared
with about $34 ,000, 100000 in the fis-
cal year ended last June.
Bond purchases, he said, must
come largely from persons earning
between $4,000 and $4,000 a year.
Music for the luncheon was pro-
vided by the Navy School of Music
Band.
Quota Put at $500, ,OOO, 900.
| Meanwhile, the Treasury an
nounced that the national quota
for sales to individuals would be
$500, 100000, which is $5OO,0O0, 900
more than the quota for the bond
drive last, September and $123, ,000,-
600 above the amount actually sub
scribed during the last campaign.
The quota for sales to individuals
in Maryland was set at $93, 900 ,000-
100000 more than the quota for
the Third War Loan drive, but ST.
10000 less than the amount ac-
tually raised last time. The Vir-
ginia goal was pegged at $78, 5000 600,
which is S4,000,000 more than the
previous quota and $10,000,0O0 more
than the amount actually sold in
September
Quotas were reduced In only 10