SECURITIES: Poor Man's Savings Scheme

Most discussed war-financing nostrum in Britain today is John Maynard Keynes's plan for forcing all Britons above the subsistence line to invest fixed percentages of their income in blocked savings accounts. Last week financial men could remind themselves that the Keynes plan has a faint parallel in the U. S. Released were current figures on Henry Morgenthau Jr.'s own public thrift campaign: U. S. Savings Bonds. Voluntary and not for war, the Morgenthau "baby bonds" nevertheless permit the "ill-housed, ill-clad, ill-nourished" third of the U. S. population to share a nation's...

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