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Evening star. [volume] (Washington, D.C.) 1854-1972, September 20, 1946, Image 23

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1946-09-20/ed-1/seq-23/

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Girls must be over 18 yeors old
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8:15 to 5 PM.
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Phone Edmonston 2300
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KARE dries almost
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• •
Bond Saving Bulwark
Against U. S. Inflation,
Snyder Tells Workers
Reduction of consumer spending
pressure through an increase in
savings bond sales is a vital part
of the Treasury Department’s cam
paign against inflation, Secretary
of the Treasury Snyder told a con
ference of State leaders of the bond
sales program at a Statler Hotel
luncheon yesterday.
Hailing the national savings bond
campaign of June and July, which
resulted in the purchase of $750,
000,000 in bonds during the latter
month, Mr. Snyder spid this drive
had a special value since it coin
cided with the lifting of price con
trols. when “we were sitting atop
an explosive pile of savings in all
He expressed strong approval of
another Nation-wdde savings bond
publicity campaign, to be conduct
ed from November 11 through De
cember 7.
Small Amounts Important.
“The important funds obtained
are the small amounts invested
regularly by millions and millions
of people,” the Secretary asserted.
“The money w»e want most is from
the man who is most likely to spend
it—the worker with a good income
and the farmer whose profits are
at an unprecedented level.’’
Mr. Snyder's audience included,
in addition to a number of Treasury
Department officials, the State di
rectors of the Savings Bond Division
of the Treasury Department, the
State Advisory Committee chair- j
men and the State chairmen of the j
American Bankers' Association’s Na
tional Savings Bonds Committee,!
who met here for a two-day confer
ence to plan the November cam- j
Gamble Given Medal. „
The Secretary began his address
with the presentation of a Civilian
Medal of Merit to Theodore R, Gam
ble of Portland, Oreg.. wartime dl- j
rector of the Treasury Department's j
War Finance Division.
A citation accompanying the j
medal commended Mr. Gamble for!
having "organized, inspired and f
supervised six War Loan campaigns !
and interim bond sales that made
this the most successful money!
raising program in history, with to
tal sales of $186,000,000,000 to more!
than 85.000.000 non-bank investors.”
Mr. Gamble, who left his theater j
circuit on the West Coast to take
over the war bond promotion short- !
ly after Pearl Harbor as a dollar- i
a-vear man. recently retired after
assisting in the organization of the j
peacetime Savings Bonds Division. !
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