Automatic Age

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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