GOVERNMENT: Brighter Treasury

The U.S. Treasury and the nation's security dealers last month showed what careful preparation and attention to public demand can do in the business of financing the Government. Starting Dec. 1 to raise $9 billions, it succeeded in raising well over $11 billions before Christmas—the biggest single bond campaign in any country's history.

More significant than the huge figures was the fact that in the New York City area, where over half of the bonds were sold, sales to noncommercial banking sources (individuals, corporations, insurance companies, savings banks) ran to about 68% of the total. As a general rule such sales...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!