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7339022
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Exchange of Remarks between the President and William E. Simon, Secretary of the Treasury, at the Purchase of the First Bicentennial Series E Bond [Ford Speech or Statement]
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7339022
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Exchange of Remarks between the President and William E. Simon, Secretary of the Treasury, at the Purchase of the First Bicentennial Series E Bond [Ford Speech or Statement]
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White House Press Releases (Ford Administration)
Press Releases
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1975-05-01
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1975
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Digitized from Box 10 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
MAY 1, 1975
OFFICE OF THE WHITE HOUSE PRESS SECRETARY
THE WHITE HOUSE
EXCHANGE OF REMARKS
BETWEEN THE PRESIDENT
AND
WILLIAM E. SIMON
SECRETARY OF THE TREASURY
AT THE
PURCHASE OF THE FIRST
BICENTENNIAL SERIES E BOND
THE OVAL OFFICE
1:00 P.M. EDT
THE PRESIDENT: Mr. Secretary, I am a very
honored and pleased person to have the opportunity of
buying the first Bicentennial Series E Government
Bond.
Back in 1941, President Roosevelt, as I under-
stand it, made the first purchase of war bonds at the
outset of our very maximum effort in trying to protect
ourselves and save freedom.
I think most of us who were in the service in
those days did the same. It was a good investment then,
and it is a good investment now.
The net result is we have some $64.5 billion
of investment by private citizens in E and H bonds. I
am delighted to join in this occasion today, but I have
continued over the years to make this investment.
I think this is a very visible, sound way in
which all of us can do something affirmative to help
our Government at this critical time. It is kind of a.
good kick-off for the Bicentennial. I have not seen
the bond yet, but I understand it has a copy of the
Minuteman on it, and I think that is especially significant
as we enter a Bicentennial year.
Bill, I am going to give you a check -- I
better sign it (Laughter) -- and then in return, I am
looking forward to this investment and a comparable
amount every month in the months .ahead.
MORE
Page 2
SECRETARY SIMON: Thank you, Mr. President.
As you rightly said, this is a great tradition.
Actually, it was 34 years ago last night that Secretary
Henry Morgenthau presented the first Series E Bond
to President Roosevelt. That was on the eve, as you
know, as we were preparing for a great world war.
We hope that this fitting Bicentennial bond,
as we look to the next 100 years ahead, will be helpful in
preparing for peace and prosperity and renewal in the
great tradition of our national heritage.
I know the savings will be great, and give
great prosperity that always grows from those results.
It is an honor to sell you this first bond in behalf
of the Treasury Department and our savings bond staff,
as well as our elite corps of volunteers, who do such
a super job.
THE PRESIDENT: Thank you.
I thank the Secretary of Agriculture for under-
taking the Government-wide sales program -promotional
program -- for this effort in this year.
I want you to notice that I didn't have the
beneficiary made out to me. It is made out to my good
wife. She expects to live a lot longer than I do.
(Laughter)
SECRETARY SIMON: Also, as a m. mento of this
occasion, I would like to present this American Citizen
Volunteer Minuteman statuette, which says, "American citizen
volunteer serving the beginning and serving today,
through U.S. savings bond sales, Gerald R. Ford."
THE PRESIDENT: Thank you very much. It looks
like the original we saw at Lexington and Concord.
Thank you very much, and congratulations.
END (AT 10: P.M. EDT)