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ifcr tk* f i r s t ##0flna ©f * *ttgg»tt«4 U5 feilU*a* ficl#nt t® emrrjr g in ©ur for Tr«*aury It Iti of 3 ^Jf t&»% f o l i o * . April of thi* of ©f att«fttlon tfc» - 2 X. ftgaaral iQtttlla^,.of^tb<!L^ Tin® fIjnanoiftis prospMtii *#t forth bolov i s H##l^a#A to ralaa 115 W l l i o n * of i n m®n®$ 4ur%m% April, iMa* a t th# t o t a l &«»unt r#ouir«^ t o flnano» th# i t f i a i t osljr 17 b i l l l o n « t tfei» progi"«iais -will provld# © n^rirla of (15 th# pr$ip#0tlv# working bill r#fuadi»f* in m ^ooujit-ti d#jplvii^ froa in thts# ao«th«t shoala b# «uffloltnt to t*s# Troa^urj ^*ith a ooafart*>Jsl« worklm balaaoo until fuadft' & © * t AYailabl* at a r t t u l t of # €® to 1 oth*r •r ril ril .1 Tax 7/$ 1.3 ij 1.5 10.0 Subtotal * n$nbfiinli (krmnA t o t a l - .0 10,0 • ''*»!• In ; - I i : • I ' • '. h»WkW6§ • ;. • i 'VJMHElt o f i Is it tilhi aftt**^ %s?i* • ' ^M ^ i M th* first «f * e^apiiMit » .;- if *kt • ft**** *lw *ffar%* • * Victor/ ! 9 ^ir with kftovn 1 , •••' i - i i tfcst ib# M l l i ^ttimtlf tap*rt»nt £«>r%t0a# • | • l | nmmh tMiVt '^t^ti <s|^e = t#d f#r • - Her J , 'erb, i t t« »«*i»«i!« w i l l •'• . f^^ttrit-5 I Mittrl - 5 CD 4 7 / i i^fiNHIt OOrtiflOfcto dt*# p II i * propo*o4 that I M l lssuo bo ©ff*r»& to a l l imr«»tort s>a stead*?, **p*il 5* *»& &• #$on to b«i)ko fur tfer#» &*/«• bo j ffeo *sfc©»iit to i«nu* imuld fe# d*K^i April 10 of for th# tnv»*ta»nt of oorpor&tion fund* lti la t froii in(t) 4 a p«p«oftt feomi ©f i M Mi o 15# M M rk r I t I t p!*epo«o& tlmt tui* fe# offorod t o l l 5 , It *oul4 t o l l *t of f / p &ftor th# ^^kt «oro boi^l Is offornd In |?rofoF«$!OO to porooftt iiitio so fti ^ wmrr ttoo tkio U«n trivo. It t i n I M M I to u&l* AA<4 oorporiiitlent <iooiri«f * return a oortlf- looto ^«d Hill bo «oc|«lr#4 bf tl*o» ^ ^* A secondary ©#dh r#««rro* I t Ho &ttrsoUf« to do not (3) 4 / ^ p p If 60* 70 or & 1965-T5. It l o i«pop©so4 tMo i»«tto bo not bo #Uglbl# for ee«ua#rolal •felp until 1953- ^w bond woull 1ft oo^pon ** voll at ro^«tor#4 foi*si« further p^fO»#4 teit tlit bond bo «*do to in^Hrldkttoli ^ r a tli*t It i« MUtltho of & JWW pwtlg|#a *toiofe voulft mile* rsd#a?tlaa *t pt* la th# «**• of Uw a«ftth of as o*ra#r wi*o had &#ld th* bond for •ix »o»th» prior to fei« i«ftth« Thin POpftf3 to ltiit# oa th« d<Hrn i U l « In It f It will i>r#«#nt y t» allow th#» t# % #«^uir*4 fey « all irm»*tor» ota»r ^n» oo»a#rol«l !A«tiMk4 of mmtmlf in^tTirfu^ls a? at It i t fttifjgftftod th»t tli« pro»^#0tl¥ of I bona« to m*%h imrtttwft lit #n th# ooo^ni^m of tfeo *nnoimo# »#tit of the dlt9<»i3Uft«uiii9O of tho f ftM i I- it is p^ i M at | § prior to th# start of th* drivo* Xa , i t In «ttfg#«to4l tfeftt thftt th« A «#rio« of fox flio folloviaf t*bl* «u«at*rif«e th# r*»ult» b# obt&ln#cJ in th# April irlirt l>«##4 t$ » th« iH& »bio to &lff«r»ftt olo»»#t of lfnr#itor« *»fl ospoot to tho r*roporu»ii of #&o^ «!#§§ of mi%kt bt obtaiatd for imPOitROUt id *fm&mtml t i t s , At a«t out la tfeo »#»oraa4u» on * oure«« of fmnio far NAovml Borrwiiig, fftliotiMP T«*r 19^?** t% •honlrt o«plkftil«o4 that th#t# fund* will not bo stuta^mtle*lly ia•o«to4. ho«««r*r, mn$ @J»H b« o)>tiLia«4 #nl|r bf * major l effort* «ouritl«t of Hon&imklng i>riir# 1 1»llU*a« af 7/t'i. •-•5 #1 I 10-0 1/ in Uiktk in t&i# fc&fcl* &r# in of •f iapartmut will ©f In tnr 3gttfe* m l t i l r IM It • ^mi«tS In ftfet* *« I I N U tfU h i M fcttl H N M 94f ftfemdUt fe# •«€# -tff^e* i f i t l i $# s 9-pftSnr of U^# '.l«m ©f th*t« »«nn»r" 1 I if K ^ i r«:J • i -- ; ^ ? »* >f A p r i l fcMOHl Mlt if • r # ». 1 ( IJ* ' . ! : I ' itt^**; . Tfa* IE Iln*f • • »at? 1 lists •fto« . i# * . , * • • ' - - . . "re't*rf. < »I # ta-i- fort! s of s in i • . WWW** tjF v# «4t^#«%Ci t-% i # #1 ' .«% for I XI i W tt*3WHHIIl4l» I S •nti I t will fe« Bade no e«sl*r fey the f&ot th#. t door-1 o -11111 r aaajpi 1 ga§ I *pen<?i forttM5 r on l*apl< delivery of iMttti —- t t f y toll Yep? no Latay HMM * 5 hours after M" lentlon b»« fc«^n atd*. I t %tm *p*r*%%9m will m t i ttM in i« to to* c^-rri^t t o w M far $* to neighborhood. Tr*ii *#vt«esi-3is of the op«r«tlon f i t 19 obrloue, aftj Involve a in t M & ai&fttloa of »«rkstable U H M « MM p osophjr of f l r * t Mlliag sin lair#ator nil the k M ffeocmlr®, ^nct th*n »«ning M A limit would b» la y i t «§*jUI t>— t If the ainiaui» ^«noa^ L#a of I500 for *srfr«t«bl» ««ouritl«e off#r^a during t£i arlv^ l« eontin^i**c?;# ?h« asXttm^is will not ^ «ft th^ I bona off agaifttt if tfe# Xott-r 60 ^ l smpfcsl to #e«u?^ of t h u l r t atior*. Interest nocrusl or* K*rk«t*.ble **ourltl»*. p n t inrlag th«i N^taJNv d r l v t tot «o»pXl«5 tioiiB arltlag froa th« . of I n t t r t i t »o^rypli& froa tfe# t a i •«ourlt/ WHS dfttud to the day tisat p«y»*ut made. Etcfe of the thret lamaa earrled * <^lff^r^nt Ultayaal r»te f SR«" th*r« M m n«w amount M of aeoru'-i for en eh ls#«it #aeh d*y. I t ig nu^f gt#i Huit Wo laprovftatnte in prueedur* be (a! t?3it« the'attTk^t^ble ipeu^s April 10 of th^ ^*^t« they a*f f l r t t offered, (b) the amount af I n t e r e s t scera^Xs only using; «» avi%rpf^ figure for the @ the f i r s t afcsAga, ljnt«rtet f on #11 subsarlptloRci t»n^#rtd betweee April 5 s^aa ^pril If- a t l l thereby b# e l l ^ l n s t e d . By ^#«ni af the seeond there vl!3 be a»ny Xee» figwr«^ to to?* aoorotary ftorgoathati • f %hm oalooaaa* Thooo two o&aa&oo m y a slow up tfc* r#i^#rtiag $f oiftboorlptloao b largo iaTottorii, to VHOB * «t*y» latoroot «ay bo * ooa*l^#r&ti0iu fhof tr# tsf&r* taat «a$i»$h, fc®v#¥#r, i t woula too* to a«*o tholr ado Uon wartli whllo for tb* of 7(v s i l l i - n « v«nt into o#rtlfloct#« % tb« l * t t # r «««nrlU»« to of ift * f i p ij ( I I t i i t j « i f i i t fe# UelEdta wtU tha** of tmmwmrmlml bmnk* and *«fc|*at## to % » « f e p«rooAtaga aXlotmtati ( f } thoif » i f ^ t fe* t l i t i i A a t t d <s^#th*rj and (3} tte<ty t ftcc«rt»a |JI iifeeml Aitmal, no l e tho 4rlvt* flMi f l r t t two ttot^oin to oonflao tho tlO b i l l i o n * Quota f to adufeattfclaf iwrootwo^ f M l i tho aotfeoa iromli pM^UNi * *Mittf* l a Clio ruot* to tho oxtont that aoour&tlo* tub*oi*lboi for by Aoalorg woro «ub»* uently to baot I f i ' ' J T * B i F ^ i't ioiilS' pr#vi§i0ii io to laouro osall iavostor* ao vo!U at largo lnv»*torit l a tfe# ?-!/*? |»oroo»t bout a^alnot a prloo aopr«oi^tloa oarrl^i OR bojr$ft& t h t l r llf«ti»»« f b l i pro^lnloa i « tfe# «aa« &o I t ao* oarrl#& by Morion 0 «a?lafo bondt, vniob I t Is r*r$p#toe t# «ll«laftto. I t would hmvm a nuoH groator attr*otlTonooi than tho la tho Dtoontbor t « l / t f o whloft allowt tho to to bo t o a i t r o i at t?«r for raysoat of #«tfeto tana. Tho oxoa^ti^a for tfeo Fodoral ootato tax i s ;l6o,OOOt and th# tftx In not aa lar>ort*nt Itoa a n t i i an «nt«to i * ottbfttaatially aboiro this fcaeuat. I f th# o l ^ t o **n th* voluat of thtto o«ouritlo9 to bo ^laooa v i t h iatmaualo oro to b# rta*«<5, i t wmSLi b# holpful to pweeten thm lo»uo - 11 Ite pr»s*«*& r#j»ym#at &t par at toatfe vlal&a Kttild to *tu**etiv« to leivtttors aautt i t *et*l& I^v* th» • lung-run «ff«tt #.f lap»rtt*« a r*l$«lv» st*bUttj to ***# pt»i$« $£ tha i«tia« »it t&ft ctsim *14#« ttaat* i f lnt#r#at ^ : of it to ury f#.r n&mfmmt* l t® %'m treas ^ to 4*®ila«» l a the at p i l H»A %% 2 . in n n t i t a i fftkat m oft« niymalaf i^ April will «ai?r|p until #mlf, i t i . ffeit will mmm of fcllXa IM«NI t^ rt«t U atarting «a -^arofe 1?| to j ti £p41 t i l t $1 J«n# 14. the triirt 1* art fe tla# ^iloaoAr tailing I bonds to t^« iToragi man* f | fillI »©t #r * l l l i » t iaHPi f«r t**t», and of tho«# * uny i t not £184 fait ns!$#£ p*rtl«u~
