
1 minute read
)fears ago America's Business publicutions. . ."
JOHN W. SIYYDBB Secretary of the Treasury
'oTen. years ago America's business publications) as a r:oluntary public seroice, presenteil Jor the first time adoertisernents outlining the Payroll Saoings Plan Jor the regular purchase ol U. S. Saoings Bond.s, and urged its accept' ance. During the decade uthich has passed', Ameriean business has consist' ently supported the Payroll Saoings Plan and. mad'e it a success. Continu'ation oJ this cooperation with the Treasury is rnost essential in the present Qfitetgency. Erpandeil sales oJ DeJense Bond's will assist irnportantly in checking inJlation, in presertsing econon ic stability, and. in Jurthering the onet'all detense effort.e'
In ten brief yearss a From 700,000 in l94l employee participation went to 27,000,000 at the peak of the war. o Since January l, 19510 the number of men and women on Payroll Savings has grown from 5,0000000 to 6,200,000. o On September 30, 1951, individuals held Series E Bonds totaling $34.6 Billion-more than $4.6 Billion greater than on V-J Day. o In the January-September, 1951, period, 33,418,000 $25 E Bonds were purchased-a gain of. l7/o over the same period of 1950. 8,966,000 $50 E Bonds were sold in the first nine monthe of 1951. $25 and' $50 denominations are the bonds bought by Payroll Sauers.
I Companies with Payroll Savings Plans jumped from 10,000 in l94I to more than 175,000 during the war.
Congratulations to the executives of industry and the publishers of business papers for their continu' ing effort in promoting systematic savings through the Payroll Savings Plan-the plan that protects America and Americans.
The U, S. Goaernrnent does not pay Jor this adaertising. The Treasury Department thanks, Jor their patriotic donation, the Adaertising Council anil