The Camden chronicle. (Camden, S.C.) 1888-1981, December 07, 1945, Image 3
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NaMgaal DiTMlMr, War
jPirtelM, U. 8.
Victory Loan, now under wey,
fa tb« crucial teat tA our war finance
lofram. We mu*t not only raiae
billion required Iqr the Treaa-
^ but we must do it in audi a maxt-
2 as ta aroid the danger at inlla-
^ and to make secure the Peace
w which over a quarter of a mil-
Kgu of Mir men have given their
Ism. That is why we ana aAhhg
w $1 billkm from in^vidnals. $2
liQloD of it from die sale of Swies
% bonds.
IQiy is this money needed?. Brief-
fa the reasons may be summarised
— as follows: to bring
our veterans home
and give diem their
mustering-out pay»
to maintain our
armies of occupa-
tum, to take care of
our sidk and wound
ed veterans, to
make prompt set
tlement of our'^ean-
celled war con
tracts, and for otb<
er neees..ary gov-
Ibi K. Gamble emniant eqi^dl-
tares during the next few montihs.
The Budget Bureau recently estfp
total Federal ESzpendttures
(or the 1M6 fiscal year at $06.4 Ul-
Ibd! or $S3.t billion below IMfi. Ba-
edpts were estimated at $86 baUon,
but these may be reduced somewhat
to the new tax bilL This leayes a'
of $96.4 billion, which most ha
aist by Treasury borrowing. It is
in Mder to help nwet diis dfOott diat
Ibi Treasury decided on tha Victory
toan, the last big piddic driva for
finds.
As we enter this Victory Loan, Pd
like to review briefly ^ accom-
jlShwienti of OUT waT financing pro-
irsm. From May 1, IMl, sriian tha
irogrsm started, to October1, j>46,
VI raised huge sum of $807 bU-
Ikn. Furthermore, wa raisad this
asney through s plan of voluntary
nvings at the lowest interest cost at
nj natioa mgaged in the war, and
a the lowest selling sxpenss svsr
reoMded.
b the first seven war loan drivea,
ve set total quotas of $65 bOlion for
i& bvestors, and sold $186,746,000,-
001 b war loan bonds. Ev^ loan
vM oversubscribed. Billioas mors
were sold in the interim periods bs-
teeen drives. We have sold these
koods to more than 86,000,000 -Amar-
kans. By the time thb loam is over,
«e wiH have sold one biUion individ-
m1 pieces of the popular Series K
bads alone. «
Vhare did this money come fromT
Ov figures show that individuals
nmvided the Treasury with $46 bil-
R U'AWAPE ?
tint
CHAMOIS
ARk.MOhV'
. etafOWa <
I^ARE Nom> ran •ntast jump-
•M 8^^401066 win Cfffto-
ga lu weuQWHoysrpyua.
fln nafout of the 91'bilBflh & nWr
fan* that has baoome avanSlTto
to sinca May 1, Ittl-and most
flf tos rsmaindsr went into cash sav-
mflg or commercial bank
toaaranoa companiaa savings
basks tovaatod s& of tha 8a fafOion
in naw tends that tosy raeshrsd.
Stoto and local govarpments invest,
ed |6 billion of tha |6 billion avail-
able. Private corporations had $86
billion of naw funds from current
•urphiaea and we obtained $a bil-
liont of tt. Most of the remainder
was needed by them tor exquoMlad
wartime operations. Federal Agen-
THB OAMtW CMW0lll^l^_CAIi0gl^_800TH
CABOMMA, PIklOAY. OiCCMBCIt 7, 1648
PAO< TMWeV
Kerdiaw Conntf
Chapter, S. C, State
CoD^e 'Alumni Met
araaonr,
14, 1646.
baneflt
West
The Kershaw County Chapter of
the 8. C. State College Aiamwi Asso*
clatton met at the home of Mary
Mary Smith. Our nest meeting will
be at the home of Bdna Bates.
^is dub Is ssoasorlng
pWgram at the aw
DsKalb Street, Dee.
'v^e proceeds will benefit a soholar.
slip which will be given a qaalifled
ffitoaber of the pwdnattag elaas of
164f ^^tMn one of the high schools In
Kershaw county. The gradvata moat
be an indiTtdanl of Kershaw eonnty.
There will be games of .various
kfads. floor show oontsata, fortane
telling sad delicioas foods will be on
sale. The public is inrttod.
Lunch
Mr. Arthur StcAes, Snpeiintmident
of Education. Mattie R. West. School
Loach supervisor, and Mrs. Joe Bell.
Attendance aupervieor. were recent
gnests of Mr. Kennedy at the RotarV
CInb Luncheon. They told how the
Hot Lunch program was operated la
the county.
The School Lunch superrisor at
tended a district meeting of super-
ctoa and trust funds invastod all M
fhair $17 billkm of naw funds in gov-
omment aacttrities.
In abort, up to tha and of tha 80^
anih War Ixwn, non-bank invaatora
providad tha government wito $i*i
billion net of the $807 bllUon it had
to borrow sinca May 1,1641, tha bal-
•nee of $68 billion being absorbed by
eoihmercial Federal Reserve banks,
moat of it In open market purchaMU.
Rxeqpt for tha invagtment of a Bm-
itod portion of th^ savings dapoa-
ito, we have ned permitted the banlai
to subacribe directly to' war' loan
sacuritics in the last flve war bond
^ves, nor in the current '^ctory
Loan.
Oue of the most aigntfleant
achievements of our program |g ^
widespread distribution of the publia
debt Millions of people who never
before saved a penny in Iheir Uvas,
now own savings bonds. It is astl-
matad that three-quarters of ttia
Series E bonds aold to individuals
wars acquired by persona Mmhig
$8000 a year or Iras. Today, huU-
viduala hold almost ona-fourth at tea
total Federal debt outstanding. An
even larger proportion at the inter-
aat paid out on this debt wiH go to
individuals. Obviously, this will
hava a tremandous impact on post
war purdwsing powra.
Invegting in Victory Bonds wiD
buai 8 second eeoooiny tor the te-
tora. We Paniiot afford to shmq^
hack into indifference and selfishness
if we are to keep faith with tfaoce
who have paid most dearly so teat
wa could live in a free and peaceful
world. We can and should buy Vio-
tory Bonds to the limit of our ability
if for no other reason than to ex-
press our gratitude to our figMing
men. They have done their job, onii
have done it well. It is iq) to us to
finish ours, so 'that thay may coma
back to the kind of an America toey
drtamed about—a land of opportu
nity with full employment, j
duction and high income. Tha
tory Loan is our opportunity to e
press again our faith in America.
E. A. Degree Will
Be Conferred *
Drive Carefully—Save a Life.
ere noted for our prompt,
eourteout, Mrvloo. Tho KORNE-
6AY funeral home le edo-
IMtely equippod for any amer>
jj*ncy. Soamely no ovont of our
■'tc is as personal aa ona'a fun-
We may spars thooo wo
"eve behind many moments of
Mxlety by ntaklng plana In ad*
Vince. We will hold your ro-
towts fopemoat In our nHnds . .
leer every doairo will bo earriod
out
fDNlRAL HOME
103 ‘■'K- CAMPE N,S v .
State Theatre
KERSHAW, S. C
FRIDAY, DECEMBER 7
WONDERFUL
“HAVING
CRIME*’
With
Pat O’Brien and George Murphy
. SATURDAY, DEC 8
“RETURN OF THE
DURANGO KID”
with
Charles Starrett and Jean Steveni
Sat, Dec. 8 —10:30 P. M.
“STEPPING IN SOCIETY”
with
E>lw. Everett Horton and
Gladys George
MON..TUES., DEC. 10-11
“A THOUSAND AND
ONE NIGHTS”
.with
Evelyn. Keyes and Phil Sllvera
WEDNESDAY, DEC 12
“DON JUAN QUILUGAN”
With
William Bendex and Joan KondeU
THURS-FRIj DEC 13-14
“CONFLICT”
With
Homphrey Bogart and
Alexis Smith
vmv.' Hcua I ,
Wfiv 9UL—HOW Mto.
voH HOieyf
%
meuita
irA
fMOgUa, MWK- ^
•Of tMkMgraaa.
oiiia*
j'
How can yon be a guccegafal bogleaaf By aerv-
^ delectable balced goodb from Ae CAMDEN
home bakery. We have tbe aalnto to jour
a foetfly^ toppiy af
cakeg, pirn, pmattim and
je 1
Camden homl bakiwy
C A. fvi [» f N , S . (
f
visors at^’Columbia recently. She en
joyed lunch wlUi the city supervisor
ta ono of CMombia's City school lunch
rooms. It was equipped with all mod
ern equipment including stesun tables,
etc. ' ”,
Quito a fow of'tho boys and girls
help in tho lunch room.
Throe of Kershaw County’s luncn
rooms are enjoying nice new stoves.
One has been equipped with the new
est serving trays, and one new lunch
room has been opened.
It’s
i ime
The Kershaw Lodge No. 29, A.F.M.,
win confer the E., A. degree on a
class of candidates next Friday'ulgbLl
Dec. 14, at 8. o’clock. All members are |
urged to be present. A cordial wel
come Is extended visitors.
.if
It’s Santa Claus season and everything puts
on its'festive dress. The pine trees are bejewelled, and beglit-
tered, t)ie windows are decked with holly and Mother Earth
dons a soft white robe. Small wonder
/
ad:
fEhat even the modest male wants to dress for the occasion.
vV
I 1
,® rt- .
4 -• f ^
V
Gift Problenu are unknown here — we have the p&teet present for everyone on
your Uyt — Sparklinff'imeeeeeee In Notione, Coetume lewetrpi SUMohery, .Decorative
^ ^ _ -rr-t-• .
Accessories — plu^ whof / woMdedT extras that nudee your Chrietmao 4e-
lecthne ting the htW^ofry — Come polish oft your list with one full swoop — Our
GiftCmdesareatyourSeroiceo
IM
va
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