The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1951-08-23
Bond Drive
ToColr,lnence
Labor Day
truman To Inaugurate
view Nationwide Drive
ALI usA To Be Urged
$ 10 Purchase Regularly

President Truman will inau,
ate a nationwide Defense
BOND drive on Labor Day to
continue until Oct. q. the Navv
announced today in All Nav 49,
All americans will be urged !"
tne Al Nav states, ito invest reg
uiariy in United States Defense
bonds as the most effective ac-
uon individuals can take during
tnls emergency to relieve infla-
dionary price pressures and helm
strengthen the national economy
upon which the Defense Program
Will make its full impact in the
next few months.
One OF the most critical ne
rlods in Defense of Our Free
doms viii be faced on our econo-
mic front as the spending of bill
mons for defense increases the
national income while consumer
goods become less available. Our
economy has the capacity to paw
the price of freedom but it is es-
sential that price controls be
supplemented with greatly in
creased personal savings so ex-
ira dollars in our money supply
viii not compete to raise prices.
Those dollars should be held
safely in Defense Bonds for our
collective security without which
there can be no real personal Sc
curlty. 1t is re-emphasized that
the practice of thrift and invest
Inent of portion of personal in
come in Defense Bonds is a vital
patriotic service every individ-
ual may perform. The Navy will
participate in the Defense Bond
drive as it has in all preceding
Savings Bond Campaigns. The
Secretary of the Treasury has as
serted that the long range and
continuing aspect of the Payroll
Savings Plan is the most impor7
tant phase of the fall drive.
"The Navy maintains its Pay
roll Savings Plan as continuing
administrative function in all
commands employing civilians
and proudly attained an average
65.4% participation Of all civilian
employees in July, the highest
percentage since July 1916. Eight
of the eighteen naval districts
and commands have exceeded
the $50 participation objective.
During July naval shipyards had
an average of 92.2% of all en-
ployees enrolled as payroll saw
ers and supply activities had an
average of 1867. II is desired |
that the personal benefits of the
Payroll Savings Plan be more
equally shared throughout the
naval establishment. According
ly, all activities of the Navy and
Marine Corps which have less
than $50 enrolment of civilian
employees and have not con-
Quoted successful Payroll Saw
ings Campaign during the last
six months are requested to make
a systematic person-to- person
canvass of all non-participants to
persuade their enrolment as
payroll savers during a Defense
Bond week to be designated by
each commanding officer for his
command prior to October q.
Commanding officers should de-
termine the local objective not
less than the $50 objective now
exceeded in the Navy average.
During the period of the De-
Tense Bond Drive all military
personnel of the Navy and Ma
rine Corps should be encouraged
to utilize the Savings Bond Allot-
ment method for the most con-
yenient accumulation of essential
personal savings. The Office of
Savings Bonds is distributing
promotional material for the De-
tense Bond Drive. The eastern
and western representatives OF
that office will assist commands
in attaining the objective"