Status: U Return-Path: Received: from web5205.mail.yahoo.com ([216.115.106.86]) by niles.mail.mindspring.net (Earthlink Mail Service) with SMTP id tgq37k.3hd.37kbi1o.1 for ; Thu, 24 May 2001 09:30:28 -0400 (EDT) Message-ID: <20010524133027.1996.qmail@web5205.mail.yahoo.com> Received: from [205.188.192.113] by web5205.mail.yahoo.com; Thu, 24 May 2001 06:30:27 PDT Date: Thu, 24 May 2001 06:30:27 -0700 (PDT) From: MPCgram Subject: MPCGram 347 To: MPCGram@yahoo.com MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii ============================================== MPC Gram ============================================== Covering the Entire World of Military Numismatics ----------------------------------------------- Series 002-Number 347 Turski, May 24, 2001 Last Call for Scholarships!! If there is anyone interested in applying for a scholarship to attend the Military Numismatics Summer Course in Colorado Springs, you have 36 hours left to have your application in my hands. Anyone interested in attending should apply now! Contact Marcus Turner per information below. Introduction of US War Bonds By Larry “Ski” Smulczenski When the Japanese attacked Pearl Harbor on December 7, 1941, the United States was only about one- third mobilized for war. With the destruction of a large part of our Pacific Fleet, the entire country burned with a desire to strike back. The action on the battlefield moved with incredible speed, but behind it stretches the supply lines of material and men which is thousands of miles away in distance and months away in time. Planes, tanks, ships and guns had to be manufactured and behind that ammunition plants and shipyards had to be constructed while the machines that built the weapons of war needed to be developed. Millions of soldiers had to be trained and their skills in tactics of modern warfare needed to be honed. These were things where the United States was only one-third prepared. By April of 1942, the United States was spending more than 100 million dollars a day on the war and that would double by the end of that year. The billions of dollars for war had to be paid by the American people. They could pay it out in taxes or they could lend it to the government by buying bonds. The president proposed to increase federal taxes from the estimated $16 1/2 billion to $23 to$25 billion, an increase of close to 50%. This left about $48 billion to be borrowed. The greater part of this would come from the sale of marketable government securities to banks, insurance companies and other large investors. But Secretary Morgenthau felt that a great majority of the American people would want to participate by investing their increased earnings in Savings Bonds to pay for the war. On June 1, 1942, the Defense Savings Bond was change to the United States War Savings Bond. This change was a change in name only. All the terms and conditions of the bond remained the same. The words "United States War Savings Bond" showed prominently in red ink in the center, near the bottom margin on the face of the bond. "United States Savings Bond, Series E" appeared in black ink in the top right tablet replacing "Defense Savings Bond, Series E." The red Treasury seal that appeared in the lower right corner of the Defense Bond moved to the bottom center of the War Bond. Other than some minor changes on the verbiage, these are the only differences between the two bonds. The physical size remained the same as did the vignettes at the top left of Washington on the $25, Jefferson on the $50, Cleveland on the $100, Woodrow Wilson on the $500 and Lincoln on the $1000. The American people proved Morgenthau right,by heavily investing in these Series E United States War Bonds. =============================================== Editorial ---------------------------------------------------- It looks like this is about the last opportunity to apply for a scholarship to the ANA seminar (story above). Gramsters get preferential treatment in the process so do apply if you can go to the seminar. I can hear Marcus screaming now “what preferential treatment?!” and of course he is correct. There is no official preferential treatment given to Gramsters, but Gramsters are more likely to have the qualifications that the committee is looking for and more directly, only Gramsters are getting this notice. Aside to Marcus, we may need to allow a little more time because the BNR news release said that applications were still being accepted. =========================================== Mail Call ---------------------------------------------------- Dear Gram, That's an interesting story about the MPC conversion day in Japan. Apparently that series was STILL current in the PI? Mike Dear Gram, In one of the earlier MPCGrams, you asked what the students going to the Summer Seminar wanted to learn. I, being a semi-history buff, would like to get a better understanding of how MPC came about, what organizations were involved, similarities and differences on how other countries issued AMC compared to MPC, etc. As a lot of the design aspects are covered in your books, I would like to get more information about the things NOT in your books. A couple of other things: Are there any read ahead assignments? Anything in particular that I should bring to class? Finally, I've volunteered to be a shuttle van driver and wouldn't mind driving teachers and students over to the dorms, but would need to know flight schedules so I could try to line up that run. Cheers, Mark C. Watson Dear Mark, Thanks (a lot) for the comments. Your suggestions are good. Yes, we will certainly have lots of discussion etc. about things that are not in the books. I suppose most of this will be expansion on things that are in the books. Hopefully, we can break some new ground and solve some riddles by brain storming or researching while we are there. Of course, everyone should bring information, notes, and questions—yes, those questions are the most important. No homework required as such, but I hope that we can create some Gram articles directly or indirectly from the group. Thanks again for writing. There should be time to write in again and we hope to hear from some of the rest of you too. Editor ================================================ Departments --------------------------------------------------- WWII numismatics seminar at ANA Summer Seminar 2001 --------------------------------------------------- Not only does the scholarship fund have an official identity but also has a bank account! Any further donations should be paid to the order of "Military Numismatists Scholarship" and sent to: Military Numismatists c/o Marcus Turner 8103 East US Highway 36 Suite 163 Avon, IN 46123 THE UPDATED LIST OF SCHOLARSHIP BENEFACTORS 3/22/01. These folks have generously provided money or material to finance scholarships to the ANA WWII Numismatics seminar. Your contributions will help promote collecting WWII material and be greatly appreciated. Many donations were received at CPMX and MPCFest. Mr. Anonymous Donor, Mike Cummings, Sue and Keith Bauman, Ed B., Doug Bell, Tom Denly, Continental Coin Invensor, Inc., Denly's, R. A. Medina, Harold “MPCKid” Kroll, Leo "Paymaster" May, Mrs. R.C. Matherne, Bill McNease, Marv Mericle, Mel and Jeremy Steinberg, Marcus Turner, Larry Ski, Guido, Fred, PK6, Joel Shafer, World Wide Ventures, Pam West, John and Nancy Wilson, Neil Shafer, W. E. Yanchick, Mark Watson, Al Glaser, Phil Goldstein, Rod Hardy, Wesley Hardy, Gary Hicks, Jack Lippincott, Ian Marshall, Kevin Maloy, David Seelye, Nick Schrier, Elmer Smith, Dan Swartz, Tom Warburton, Dick Freyser, Tim Kyzivat ==================================================== Post/Base Exchange (PX/BX/NEX) Dump your dupes! Your classified advertisement for items for sale will be run here for free. Send your ads to the gram. This service is for everyone, most humble dealer or most advanced collector. The point is to make the gram more interesting. Send in a list of items for sale and we will list them here in the gram. In all cases confirm your order via email first. FOR SALE Your items for sale will be listed in the Gram for FREE. Send your listings now. You items for sale support the gram by making it more interesting for everyone! MPC Series 692 $20 f-vf with a very nice serial number E00500054E $85. Fred@papermoneyworld.com. WANTED Collectors may submit lists of items wanted for their collections for listing here. Dealers and collectors who have these items are then encouraged to list them or sale in the above section. This is a trial, if you like it, send your list. =================================================== Staff: publisher and editor: Fred Schwan - fred@papermoneyworld.com; assistant editor - Phil Goldstein IWANTMYMPC@aol.com Tuesday columnist Joe Boling – JoeBoling@aol.com Thurski columnist Larry “Ski” Smulczenski – ski@papermoneyworld.com critic: Harold Kroll - MPCKid@papermoneyworld.com; index manager: Ed Beaman webmaster & technical advisor: Doug Bell - (Wiz): doug@papermoneyworld.com; The Boss: Judy Schwan ===== MPC Gram is published by BNR Press and papermoneyworld.com as a free service to the community of military money collectors. Your suggestions, criticisms, complaints, editorial contributions, letters, and even praise are very welcome. The entire contents including linked illustrations are copyright protected by the publishers. In the case of contributors, the copyright is protected on behalf of the creators. Please send all correspondence regarding the gram to MPCgram@yahoo.com. Thank you very much for your participation. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/