GOVERNMENT: Bonds for the Masses

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.

Morgenthau found his answer in Michigan, where a mass-merchandising plan has the public grabbing bonds as though they were ball-game passes. Officially, the

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...

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