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The Poplar Standard
Poplar, Roosevelt County, Montana
What is this article about?
Nation's six million farmers and urban neighbors launched into the Fifth War Loan drive this week, targeting $16 billion by July 8. Farm bond buys expected to top last year's $1.2B (10% of income), aided by 1944's $13B net farm income. Funds buy cheaper gear like bombers ($150K vs. $300K).
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The nation's farm army of six million along with their town and city neighbors went into action this week on the Fifth War Loan, the War Finance Division of the Treasury announces. Total goal for this loan is 16 billion dollars by July 8. Last year farm people bought $1,200,000,000 in War Bonds—about 10 per cent of their net income. With an estimated net farm income of 13 billion dollars for 1944, bond purchases by farm people are expected to be higher this year than last.
The War Bonds bought during the Fifth War Loan will enable our government to get more and better equipment for its fighters than the bonds bought a year ago, according to a compilation of war equipment costs by the War department. A heavy bomber, which a year ago cost $300,000, today costs half that much. A Bofors anti-aircraft gun formerly cost $65,000, now costs only $13,000. A year ago the Garand rifle cost $50. Today it costs $35. A few items, among them the good old army mule, have gone up in price. A year ago Uncle Sam paid $190 for an army mule. Today such a mule costs Uncle Sam $225.
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Domestic News Details
Event Date
This Week
Outcome
total goal for this loan is 16 billion dollars by july 8. last year farm people bought $1,200,000,000 in war bonds—about 10 per cent of their net income. with an estimated net farm income of 13 billion dollars for 1944, bond purchases by farm people are expected to be higher this year than last. the war bonds bought during the fifth war loan will enable our government to get more and better equipment for its fighters than the bonds bought a year ago.
Event Details
The nation's farm army of six million along with their town and city neighbors went into action this week on the Fifth War Loan, the War Finance Division of the Treasury announces. A heavy bomber, which a year ago cost $300,000, today costs half that much. A Bofors anti-aircraft gun formerly cost $65,000, now costs only $13,000. A year ago the Garand rifle cost $50. Today it costs $35. A few items, among them the good old army mule, have gone up in price. A year ago Uncle Sam paid $190 for an army mule. Today such a mule costs Uncle Sam $225.