Uncle Ben and Uncle Sam

Of the 10,800,000 people who paid Federal income taxes last year, nearly 700,000 borrowed money to do it. If this ratio (estimated from banking sources by Representative Emanuel Celler's* office) holds good with 1942's 13,000,000 taxpayers, over 1,000,000 loans will be made before March 15. And the ratio may be higher.

This means safe and profitable business for:

>Industrial banks. Last year they made an estimated 460,000 loans for taxes, averaging $300. Interest (or discount) and other charges are equivalent to about 12% per year on unpaid balances.

>Commercial banks. Their personal loan...

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