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The Lexington Advertiser
Lexington, Holmes County, Mississippi
What is this article about?
In Holmes County, 1960 Savings Bonds sales reached $247,957, or 91.83% of the goal. County Chairman W. D. Wilson thanks participants, emphasizes the program's importance for managing public debt, and promotes Series E and H Bonds as safe investments.
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Holmes County
1960 Sales of Savings Bonds amounted to $247,957 which was 91.83 per cent of our goal. On behalf of the Treasury I want to thank everyone who has bought bonds or recommended them.
This is an important program and deserves the support of all our people.
The public debt, which is largely the result of money spent in defending our freedom in World War II, and to some extent lifting us out of the worst depression we ever had, is a "cancer" to our economic existence. It must be managed properly or our way of life is in great danger.
We are asked to keep at least 15 per cent of the debt in Savings Bonds. Each county has its prorata share. Your county committee needs your help.
We do our people a favor when we get them to save and invest in Series E and H Bonds.
I know of no better investment for the average person than Series E Bonds which pay a guaranteed rate of 3 3/4 per cent compounded semi-annually for seven years and nine months; and you do not have to report earned interests on income until the bond is cashed, which can be 17 years and nine months from the date of purchase. For current income the H Bonds pay 3 3/4 per cent for ten years. Interest checks are mailed every six months.
There is no investment safer or more liquid than a Savings Bond. I will announce to you our 1961 goal within a few days.
W. D. Wilson,
County Chairman
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What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Holmes County
Event Date
1960
Key Persons
Outcome
$247,957 in sales, 91.83 per cent of goal
Event Details
1960 Sales of Savings Bonds amounted to $247,957 which was 91.83 per cent of our goal. On behalf of the Treasury I want to thank everyone who has bought bonds or recommended them. This is an important program and deserves the support of all our people. The public debt, which is largely the result of money spent in defending our freedom in World War II, and to some extent lifting us out of the worst depression we ever had, is a "cancer" to our economic existence. It must be managed properly or our way of life is in great danger. We are asked to keep at least 15 per cent of the debt in Savings Bonds. Each county has its prorata share. Your county committee needs your help. We do our people a favor when we get them to save and invest in Series E and H Bonds. I know of no better investment for the average person than Series E Bonds which pay a guaranteed rate of 3 3/4 per cent compounded semi-annually for seven years and nine months; and you do not have to report earned interests on income until the bond is cashed, which can be 17 years and nine months from the date of purchase. For current income the H Bonds pay 3 3/4 per cent for ten years. Interest checks are mailed every six months. There is no investment safer or more liquid than a Savings Bond. I will announce to you our 1961 goal within a few days.