Status: U Return-Path: Received: from mail.papermoneyworld.net ([207.3.91.49]) by runyon.mail.mindspring.net (Earthlink Mail Service) with SMTP id u0g0eq.ji0.37kbi7f for ; Fri, 30 Nov 2001 17:02:02 -0500 (EST) Subject: MPC GRAM Precedence: bulk Sender: mpcgram-owner@mail.papermoneyworld.net From: mpcgram-owner@mail.papermoneyworld.net (List Server) Date: Fri, 30 Nov 101 15:20:24 CDT Message-Id: <10111301520.AA2A2B3F45@mail.papermoneyworld.net> Reply-To: mpcgram@mail.papermoneyworld.net Date: Fri, 30 Nov 2001 09:25:37 -0800 (PST) From: MPCgram Subject: Re: MPC GRAM Reply-To: mpcgram@mail.papermoneyworld.net Hello Mike, I am sorry (again) about not communicating. Will send you a check by Monday and want to work on the other things too. Hope the Germany trip went well. Any news for the Gram? Have a good weekend. Expect to talk to you soon. Fred ===== 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! GeoCities - quick and easy web site hosting, just $8.95/month. http://geocities.yahoo.com/ps/info1 Date: Fri, 30 Nov 2001 09:34:39 -0800 (PST) From: MPCgram Subject: MPCGram 499 Reply-To: mpcgram@mail.papermoneyworld.net ============================================== MPC Gram ============================================== Covering the Entire World of Military Numismatics ---------------------------------------------- Series 003-Number 499 Friday, November 30, 2001 Armed Forces Leave Bonds By Jim Downey I recently acquired an Armed Forces Leave Bond and did a little research on these items. My bond is for $50.00 and was nominally issued in October 1946. In all other respects it is identical to the one pictured in WWII Remembered. It came in its original envelope which was postmarked February 5, 1947 in St. Louis. It was mailed from the Army Finance Center in St. Louis. I found very little information about the bonds, but I found enough to verify the presumptions made in World War II Remembered [see page 393]. The Armed Forces Leave Act of 1946 was an overhaul of the leave system. Most significantly, it capped the maximum amount of accrued leave that could be accumulated to 60 days. This is still the maximum. This went into effect on September 1, 1946. Anyone who had accumulated leave in excess of 60 days as of September 1, 1946 was compensated for the excess leave. The compensation was the bonds. The bonds were also authorized to compensate anyone who was discharged prior to September 1, 1946 who had accumulated leave at the time of discharge. In either case, a claim for compensation for the lost or excess leave had to be filed by June 30, 1951. The date of issue is likely to be the first day of the month following the date of discharge. This accounts for the 1945 date on the example in the book. Interest accrued from the date of issue and the bond matured five years after the date of issue. My guess is that the compensation was based on the number of days accumulated or excess. Although two examples are hardly a representative sample, I assume that the rate was either $5.00 or $25.00 per day based on the values of $50.00 and $75.00. This is pure speculation, however. The only information I could find on the Leave Act was in an IRS Revenue Ruling. It can be found on the internet at http://www.taxlinks.com/rulings/1955/revrul55-249.htm The Leave Act of 1946 has been amended a number of times over the years and can be found in Title 36 of the United States Code. The provisions concerning the bonds have been removed from the current version. Unfortunately, I can only find the text of the current law and cannot find the entire text of the original Act. I trust that this information will be of use to the collecting community. ============================================== Editorial ---------------------------------------------- Wow, an article about Armed Forces Leave bonds! You never can tell what your Gram will bring you! I was excited about the listings of AFLBs for Remembered. It is a small thing to be sure and not likely to be of much USE to collectors (because they cannot find any), but that did not mean that it (the listing) would not be of INTEREST to other collectors. Have any others been found out there in Gram land but not reported? We would like to have any reports. Tomorrow (well the next Gram) will be a milestone, number 500. We will comment more about that at the time, but if you want to get a letter or article in this historic gram, send it now. By the way, DO NOT SEND ANY MAIL to the papermoneyworld address from which the Gram is now sent. First, it will not get here and it will probably be appended to the next Gram and may not make sense that way. It is an automatic deal and there is not much that we can do about it. Send mail to MPCGram@yahoo.com. ============================================== Mail Call ---------------------------------------------- Dear Gram, There is a nice article ("Hawaii Overprint Notes Revisited" by James Simek and Donald Medcalf) in the December issue of the Numismatist. It is well worth reading for knowledge OR just enjoyment.!! PK6 ================================================ Departments ------------------------------------------------- Calendar of events for Gramsters maintained by Howard Daniel, Nancy and John Wilson and Gram staff, last updated September 7, 2001 show reports are requested on all events. Even if it was not a great show, there must be something to report. What and whom did you see? Market activity? Share your observations and thoughts with Gramsters everywhere. ---------------------------------------------------- Special "MPC" events March 2002 8-10 - MPCFest III - reservations in order received: Guido Crapanzano, Harold Kroll, Larry Smulczenski, Gary "Got any fours" Hicks, Tom Warburton, David Seelye, Jack Lippincot, Phil Goldstein, Warner Talso, Nick Schrier, Richard Freyser, Tom Koch, Mark Watson, Bill Yanchick, Doug Bell, Sam Feeback, Bruce Potter, Elmer Smith, Marv Mericle, Wes and Rod Hardy, Marcus Turner, Fred Schwan {running total 23}] Three airports are reasonably available for the Fest. In order of proximity they are: Toledo Cleveland Detroit (Metro) All three are reasonable. If you can arrive early enough AND coordinate it well ahead, every attempt will be made to pick you up at the airport to save on rental cars. Festers are encouraged to corridnate among themselves for rides. We will also run notices in the Gram and, finally, we will try to coordinate for Festers to run pickups from Fest central. W.W.II numismatics seminar at ANA Summer Seminar, July 2002 Session I (Sunday, June 30 through Thursday, July 4, 2002) Session II (Sunday, July 7 through Thursday, July 11, 2002) general events will return soon --------------------------------------------------- Donations are now being accepted for scholarships to the 2002 "Military Money" course at the 2002 ANA Summer Seminar. Inquiries and donations should be sent to: Military Numismatists c/o Marcus Turner 8103 East US Highway 36 Suite 163 Avon, IN 46123 Donors to 2002 Scholarship Fund Steve Feller Harold Kroll R. A. Medina Guido Crapanzano David Seelye Leo May Warner Talso Marv Mericle Mark Watson Gail Baker ==================================================== 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 The following list of MPC replacements is available. Please email to confirm. issue/ # Reported /Serial number/ Pos # /Con / Price 461 $1 19 A00377503 48 VF $750.00 472 5c 34 C00624708 79 F/VF $300.00 472 $1 21 C00040842 6 F $650.00 481 10c 38 D00170337 22 VG/F $150.00 481 25c 21 D01617344 35 discolored XF $575.00 541 5c 45 F01193155 66 VG $200.00 541 5c 45 F01761339 53 GCU $800.00 541 10c 70 F00954890 36 F $100.00 541 50c 89 F11020164 44 VF $200.00 591 5c 31 G00425460 54 F+ $195.00 611 5c 127 H00331092 42 GCU $185.00 611 10c 145 H00282786 36 GCU $195.00 611 $1 170 H00016589 3 VG $100.00 641 5c 90 J00721442 7 VG/F $50.00 641 10c 29 J00482501 61 ink 8 rev. F $175.00 641 $10 59 J00483291 11 discolored VF $200.00 661 10c 59 B00058454 8 CU $700.00 661 $1 75 B00253005 32 stained F $100.00 681 5c 42 C00281032 36 F $100.00 681 50c 35 C00072051 10 CU $750.00 681 $1 28 C00330407 42 GCU $950.00 681 $20 43 C00057576 8 F $500.00 692 5c 100 E00473007 60 F $75.00 692 10c 83 E00561106 71 F $85.00 692 25c 38 E00065719 9 F $200.00 692 50c 25 E00233975 30 XF $575.00 Confirm with Ed Hoffman hoffman@rabbitbrush.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 - MPCGram@Yahoo.com; assistant editor - Phil Goldstein IWANTMYMPC@aol.com distribution manager - Brad Peacock bp22@swbell.net Tuesday columnist Joe Boling – JoeBoling@aol.com Thurski columnist Larry “Ski” Smulczenski –skifla@prodigy.net critic: Harold Kroll - MPCKid@AOL.com; index manager: Ed Beaman webmaster & technical advisor: Doug Bell - (Wiz): doug@papermoneyworld.net; 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! GeoCities - quick and easy web site hosting, just $8.95/month. http://geocities.yahoo.com/ps/info1