December 16, 2015

War savings bond

This is a 1943 War Savings Bond that dad (Howard Wellman Sr.) bought for my brother Don when he was 11 years old . It was kept in a safe deposit box at West Brooklyn Bank for over 72 years .  It is now framed  and I will always treasure it.  A gift from Don's wife, Donna Wellman.    Dec. 2015 . I have it in the safe once again but had to share it's history. 
On May 1, 1941, the Series E bond was introduced, and with it the start of a national volunteer program. The volunteer program enlisted the nation's financial institutions, community leaders, volunteer committees, and advertising and communications media to promote the new bond.
Bankers, business executives, newspaper publishers, Hollywood entertainers, all served to provide the Treasury and the savings bonds program with manpower and support, making the program a success for more than six decades. Of special note are the executives of many Fortune 500 companies who served as members of the U.S. Savings Bonds Volunteer Committee which, from 1963 through 2003, played an essential role in the success of the payroll savings plan.
The Series E bond was patterned after its predecessors. It became he most durable of all the series and the world's most widely held security. As the "Defense Bond" of 1941, the "War Bond" of 1942-45 and subsequently just the savings bond - it was purchased by tens of millions of families.

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