Word: bond
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Dates: during 1940-1949
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...Lady of Kearny Street" went out of business last week. Closed was the powerful bail-bond firm of McDonough Bros., which had flourished for 50 years in San Francisco. The building-in the shadow of the Hall of Justice (police courts)-still has the cupid-festooned ceilings, mahogany woodwork and silver spittoons of the days when it was a saloon. San Franciscans believe it was the first bail-bond firm in the U.S. It was without a doubt the most notorious business house in San Francisco...
Treasury Secretary Morgenthau left Washington on a ten-day fishing trip last week with a light heart. He had at last found an effective way to sell large amounts of defense bonds to the general public, thus straighten the worst kink in his three-month-old savings-bond drive...
Michigan drive began July 10 when it was set up as a Treasury "experiment." Actually it began May 19 when bright-eyed, grinning Frank Norman Isbey, State Defense Savings Committee executive chairman, put a defense-bond booth in every Detroit school, handed out mimeographed leaflets entitled: "What Every School Child Should Know About Defense Saving...
...school kids were running about with defense-stamp albums. Next the large chain stores-A. & P., Kroger, Woolworth, Penney, etc.-hung out red, white & blue signs, began selling stamps like cigarets. The Cunningham Drug chain spent $1,600 on newspaper ads, nearly burst with patriotism when daily bond sales in its 125 Michigan stores hit $750. Kroger's eight Lansing stores rang up $80 daily. Last week 12,500 Michigan stores were selling bonds; by mid-September there...
...Morgenthau this is wonderful. Three months ago, he piously announced that high-pressure ballyhoo would play no part in his campaign; but he had to change his mind. For the first time, and only in Michigan, the right people are buying his defense bonds. Main objective of defense bonds was to sell huge amounts of Series E bonds and defense stamps (face value: 10? to $1,000) to individuals, thus siphon off excess buying power and postpone inflation. Through June 30 (latest available figures), national bond sales were $713,668,000, a satisfactory total. But of this total, banks & trust...