GROETCHEN PLANT
HUMS WITH
DEFENSE WORK
The fine precision workman
ship o f the Groetchen Tool Com
pany has received recognition
in the form o f substantial de
fense work c o n t r a c t s . These
orders have been placed with
Groetchen by p r o m in e n t air
plane engine manufacturers.
“ The precision and the minute
t o le r a n c e s r e q u ir e d in th is
work,” say Groetchen spokes
men, “ are even more exacting
than the precision standards
commonly called for in the coin
machine industry. It is a tribute
to our r e c o g n iz e d p r e c is io n
workmanship that our company
was selected to produce the
measuring instruments, gauges,
and tools needed in the manu
facture o f high-powered avia
tion engines.
“ A part o f our machine shops
have been gladly turned over to
this important phase o f defense
work, and we expect that before
long more o f our facilities will
be engaged in turning out essen
tial defense requirements.”
Richard Groetchen, president
o f the organization bearing his
name, is an old timer in the pro
duction o f defense materials.
He had charge during World
War No. 1 o f the tooling pro
gram o f one o f the largest arm
ament factories in the Middle
R IC H A R D A . G R O E T C H E N
10
West. Under his guidance, ex
pert mechanics are turning out
a steady flow o f precision tools,
aiding to the impregnability o f
American Hemisphere Defense.
BUY A SHARE
IN AM ERICA
The American people are sav
ing at the rate o f $100,000,000
a week!
This is not a wild guess, but
an official announcement by the
T r e a s u r y D e p a r t m e n t, that
Americans a re g i v i n g Uncle
Sam $100,000,000 a week to
save fo r them— and receiving in
return Defense Savings Bonds
and Stamps.
Bankers, businessmen, bakers,
farmers, factory workers, shop
girls, housewives — virtually all
American men, women and chil
dren from all walks o f life— are
cooperating in the Government
program to build up a rainy-day
reserve. In many states, em
ployers are establishing system
atic savings plans in cooperation
with their employees. Labor and
industry both have endorsed the
Savings Program of the Govern
ment. Nevertheless, there are
still many who a sk : W hy? What
is the reason fo r this National
thrift undertaking?
The reasons are m a n ifo ld .
Strange as it seems, with war all
around us, America is preparing
fo r peace. In this period o f un
limited emergency, vast require
ments are being made o f indus
try by the Federal Government.
Wheels are turning at top speed
to produce the weapons o f de
fense— weapons that will assure
and protect the freedom and
safety o f the nation. As a re
sult, the national income is
jum ping sharply. Wages and
salaries are increasing. So, too,
is employment. Money is more
plentiful.
If the country spends a lot
of money now, there may be a
let-down afterwards. The De
fense Savings Program o f the
Treasury Department involves
AUTOMATIC AGE
© International Arcade Museum
the sale o f Federal securities to
as many people as possible in an
effort to build as large a reserve
as possible against any slump
which follow s the end o f Am er
ica’s all-out war production.
The cash involved in the pur
chase o f Defense Savings Bonds
is put to work at once to protect
the freedom o f the country. At
the same time, the bond protects
the individual against financial
consequences o f a post-war read
justment. Thus, the program
achieves a tw o-fold purpose.
If an individual should be
pressed fo r cash, the Treasury
will redeem the bonds before
maturity. The full faith and
credit o f the United States Gov
ernment are behind all o f these
bonds.
Secretary Morgenthau has an
nounced that the Treasury’s De
fense Savings Program is to be
a continuing effort.
“ There are no quotas fo r the
country or fo r any community
in it” , is the way the Treasury
Secretary phrases it. “ There is
no time limit. A m ajor object of
this program is to give the
American people the habit of
systematic s a v in g f o r th e ir
country’s sake and for their
own” .
NEW PHONOGRAPH
GROUP ORGANIZES
The
newly-formed
Phono
graph M e r c h a n t s’ Affiliate,
Cleveland, elected the following
officers: p r e s i d e n t , Howard
Meckley, Meckley-Robinson C o .,
vice-president, Howard Brill,
Associated Music C o .; secretary-
treasurer, Hymie Silverstein ; di
rectors — R o b e r t Penn, Leo
Dixon, and Leroy Robinson.
OPERATOR FAVORS
WHITE
Everyday is white day for
operator Lou Hinden o f Atlantic
City, who chooses white candy
vendors, white service and haul
ing trucks, and white uniforms
for servicemen and drivers.
July, l^ 41
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