Montana labor news., 1945-05-10
~ Y
IMPORTANT PART
In WAR BOND DRIVE

WASHINGTON, D. C.-April 14-"The |
Organized Labor Movement is being
called upon to play particularly i'm
portant part in the Seventh War Loan
drive" Gilbert E. Hyatt, chief of the
Labor Section of the War Finance Diyi-
sion of the Treasury, said today.
For one thing, while the goal has
been set at S14 billion, ST billion or one
half the total viii be anocated to sales
to individuals and of this 81 billion 81
billion has been established as the goal
fol. series E Bonds This is by far the
highest quota set Ior that type of secur-
ity in any drive Il Bonds are peoples
Bonds. # is the type of security in which
members Of Organized Labor almost eX-
clusively invest, he said.
Another feature of the drive is that
it will be preceded by an intensive cam
paign to inspire. and where it is neoes-
sary. rewtalize the Payroll Savings cam
paign. This is the area Of operations
particularly appropriate for Organized
Labor The Payroll Savings campaign
is on a distinctly Labor Management
basis
The public mind has been thoroughly
educated as to the reasons for invest
ment We are all aware Of the patriotic
motive, that of financing the war We
are also most of us thorouhly cognizant
of the fact that the best security against
the looming danger of initiation with
skyrocketing prices and costs of living, is
investment in war Bonds All of US,
particularly those who belong to the
Organized Labor Movement, are thor
oughly aware of the reasons why we
should go into the postwar period with
a backlog of savings and purchasing
power in the hands of the average per
son.
with the public mind thoroughly con-
ditioned to the above facts, the Seventh
War Loan campaign will be conducted
upon a level where Organized Labor can
function most effectively. It will large
/ ly be a campaign of individual solicita-
tion--from house to house and from
bench to bench. The Organized Labor
Movement exists and grows by its abil-
ity to reach all OF its members in the
shortest possible time with a program
upon which all Of its members can unite.
1T was necessary in other fields of
contact to improve organizations for
reaching different classes of the popu-
lation. This was not necessary with the
Organized Labor Movement. All that
was necessary, and that has been done
ably and energetically by every rank of
it's officers and members was to put in
motion the existing machinery.
"The Organized Labor Movement
needs the atmosphere of democracy for
its existence as completely as fish
needs water 1t can function nowhere
else No stimulation was needed to in
spira the patriotic motive in the minds
= of organized wage earners. Add to that
the fact that there is at the present time
, an estimated three million members o.
Organized Labor in uniform and we have
i reasons why members Of Organized La
l. Dor have performed what has been pro-
nounced to be a miracle in the produc-
ton Of war materiel and has bought
q more than its share Of the securities by
which this materiel is being financed.
Let us go into the Seventh War Lear
. with orr belts tightpned with Our de-
termination sharpened and with tht
purpose in mind Of not only meeting ou
u portion of the quota Of OOOOO,OOO il
E Bonds, but in doing what we hav
done in the past, namely, over-subscrib
ing our share" Mr.. Hyatt said