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The Key West Citizen
Key West, Monroe County, Florida
What is this article about?
Secretary Morgenthau awards the U.S. Treasury Department a Minute Man "T" flag for over 93% of its 65,000 employees investing more than 10% of payroll in War Bonds, exceeding goals for three months.
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Secretary of the Treasury Morgenthau congratulates Edward F. Bartelt, who heads the Payroll Savings campaign among Treasury employees, and presents him with one of the Treasury's Minute Man flags signifying that at least 90 percent of the Department's 65,000 workers are investing 10 percent of gross payroll or better in War Savings. Actually they have exceeded these "T" flag requirements for the past 3 months and 93.3 percent are now saving 10.6 percent in War Bonds.
TREASURY HAS RIGHT
TO FLY OWN "T" FLAG
WASHINGTON, D. C.-In recognition of the Payroll Savings record of Treasury Department employees, more than 90 percent of whom have been saving better than 10 percent of gross payroll in War Bonds for the past 3 months, Secretary Morgenthau has awarded the Department one of its own Minute Man "T" flags.
They are now investing 10.6 percent, with 93.3 percent of the Department's 65,000 employees participating in the plan. Recognition was accorded by Secretary Morgenthau through Edward F. Bartelt, the Department's Commissioner of Accounts, who received the flag on behalf of those whose payroll allotments established the right of the Treasury to fly it.
Mr. Bartelt is in charge of the Payroll Savings drive within the Department.
Treasury payroll allotments are now being invested in War Bonds at the rate of roughly 15 million dollars a year, out of an annual payroll of 139 million dollars. The number of Treasury employees is currently reported at close to 65,000, including those in the field as well as in Washington. Approximately 60,500 of them are regularly allotting a portion of their pay checks to War Savings.
Leading all 22 Treasury Bureaus in the proportion of gross pay allotted to Payroll Savings is the Processing Tax Board of Review with 13 percent and with every worker participating. The Division of Tax Research is second, with 92.7 percent of its employees investing 12.6 percent of gross pay in War Bonds, and the War Savings Staff is third with 96.6 percent, saving 12.1 percent of every pay check in War Savings.
The offices of the Controller of the Currency and the General Counsel and the Division of Research and Statistics-are all buying War Bonds with more than 11 percent of gross pay.
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Domestic News Details
Primary Location
Washington, D. C.
Key Persons
Outcome
the treasury department received a minute man "t" flag for having 93.3 percent of its 65,000 employees investing 10.6 percent of gross payroll in war bonds, exceeding requirements for the past 3 months. treasury payroll allotments invest roughly 15 million dollars a year in war bonds out of 139 million dollars annual payroll. leading bureaus include processing tax board of review (13 percent), division of tax research (12.6 percent), and war savings staff (12.1 percent).
Event Details
Secretary of the Treasury Morgenthau awarded the Treasury Department one of its own Minute Man "T" flags in recognition of the Payroll Savings record among its employees. The flag was presented to Edward F. Bartelt, who heads the Payroll Savings campaign among Treasury employees and serves as Commissioner of Accounts. Approximately 60,500 employees are participating.