bonds", and by other names meant to appeal to a sense of patriotism.
The bonds were accrual or zero-coupon bonds that sold at 75 percent of their face
value in denominations of $10, $25, $50, $75, $100, $200, $500, $1,000, $10,000, and
$100,000, though the $10.00 and $100,000 bond were strictly limited. To get an idea of
the value of the 1942-dollar in current terms, something that cost $1.00 in 1942, would
cost around $11.07 at the end of 2002.
On January 3, 1946, the last proceeds from the Victory Bond campaign were deposited
to the Treasury. The War Finance Committees, in charge of the loan drives, sold a total
of $185.7 billion of securities. This incredible mass selling achievement (for helping to
finance the war) has not been matched, before or since. By the end of World War II,
over 85 million Americans had invested in War Bonds, a number unmatched by any
other country.
Note: The stamp on the menu mentions "defense bonds" probably because it was not
worth reprinting the menu when the name changed to "war bonds".
http://militaryhistory.about.com/b/a/093555.htm
http://www.crestcapital.com/tax/war_loans_and_bonds.html
http://en.wikipedia.org/wiki/War_bond
The bonds were accrual or zero-coupon bonds that sold at 75 percent of their face
value in denominations of $10, $25, $50, $75, $100, $200, $500, $1,000, $10,000, and
$100,000, though the $10.00 and $100,000 bond were strictly limited. To get an idea of
the value of the 1942-dollar in current terms, something that cost $1.00 in 1942, would
cost around $11.07 at the end of 2002.
On January 3, 1946, the last proceeds from the Victory Bond campaign were deposited
to the Treasury. The War Finance Committees, in charge of the loan drives, sold a total
of $185.7 billion of securities. This incredible mass selling achievement (for helping to
finance the war) has not been matched, before or since. By the end of World War II,
over 85 million Americans had invested in War Bonds, a number unmatched by any
other country.
Note: The stamp on the menu mentions "defense bonds" probably because it was not
worth reprinting the menu when the name changed to "war bonds".
http://militaryhistory.about.com/b/a/093555.htm
http://www.crestcapital.com/tax/war_loans_and_bonds.html
http://en.wikipedia.org/wiki/War_bond
In 1941, in an effort to raise money for the projected entry of the U.S. into the war that
was raging around the world, the U.S. Treasury began marketing the new Series E
Bonds U.S. Savings Bonds as "defense bonds". The first one was sold to President
Franklin D. Roosevelt on May 1, 1941, by Secretary of the Treasury Henry
Morgenthau. The name was changed to "war bonds" after the Japanese attack on Pearl
Harbor on December 7, 1941. The bonds were set to yield 2.9% after a ten year
maturity.
was raging around the world, the U.S. Treasury began marketing the new Series E
Bonds U.S. Savings Bonds as "defense bonds". The first one was sold to President
Franklin D. Roosevelt on May 1, 1941, by Secretary of the Treasury Henry
Morgenthau. The name was changed to "war bonds" after the Japanese attack on Pearl
Harbor on December 7, 1941. The bonds were set to yield 2.9% after a ten year
maturity.
| Kitty Huddleston Grace Hertz Maureen O'Connor Carol Haueter Judy Pfaff Stan Read Sandy Thompson Anna Farris William Dalton Gwen Upton Rick Mackinney Margaret English Delores Martin Sharon Martin Paula Harris Rick Roof Jr. Gary Sterne Larry Truitt Walter Wood Tom Pincince Don Holznagel Dawn Carlile Emily Aulicino Wayne Douglas Mary Fraser ML Wilser Bill Utterback Kelly Fetherlin Delores Martin Linda LaValley Debbie Sterbinsky Dorothy Oksner Jim Kiser Beth Tafel Edee Scott |
The thing I loved about this menu is that buttermilk is listed as a selection! I can often
order it because the chef cooks with it, but it never appears on the menu anymore.
Wonder why?! : p Kitty Huddleston
I couldn't put a date on the menu, but it would be a cheap place to take my three
hungry teenagers. Evan Hindman
I've sold a lot of menus in the past and really never found a good way to determine the
dates from the prices. Some times the back will have 3-1938 on the back and I assume
that is the date of the printing. Good point though, not repriniting to save money during
the war. Gwen Upton
They are quite challenging and extremely addicting. I had my husband checking out the
cars on the bottom of the cover of the menus trying to figure out what year the cars
were built. In the late 1930's the extre wheel case was on the side of the car, so there
would have been an extra "bump" on the drawings. I didn't discover the war bond
stamp until last night. I kept on thinking that something on the menu might be the key.
Loved the prices for the meals! Sharon Martin
I checked out the stamp emblem on the top corner of the menu and found that it was
being used in 1941 then before the end of that year it was changed to say War Bond
instead of Defense Bond so my guess is sometime between 1941 and 1942. Because I
don't think they would reprint the menu just to change the advertisement in the corner
especially when the war had not ended and the Bonds were still being sold. I also
talked to my Mom and she said that the prices were in keeping with the costs in that
time frame. She graduated High School 1942. Anna Farris
order it because the chef cooks with it, but it never appears on the menu anymore.
Wonder why?! : p Kitty Huddleston
I couldn't put a date on the menu, but it would be a cheap place to take my three
hungry teenagers. Evan Hindman
I've sold a lot of menus in the past and really never found a good way to determine the
dates from the prices. Some times the back will have 3-1938 on the back and I assume
that is the date of the printing. Good point though, not repriniting to save money during
the war. Gwen Upton
They are quite challenging and extremely addicting. I had my husband checking out the
cars on the bottom of the cover of the menus trying to figure out what year the cars
were built. In the late 1930's the extre wheel case was on the side of the car, so there
would have been an extra "bump" on the drawings. I didn't discover the war bond
stamp until last night. I kept on thinking that something on the menu might be the key.
Loved the prices for the meals! Sharon Martin
I checked out the stamp emblem on the top corner of the menu and found that it was
being used in 1941 then before the end of that year it was changed to say War Bond
instead of Defense Bond so my guess is sometime between 1941 and 1942. Because I
don't think they would reprint the menu just to change the advertisement in the corner
especially when the war had not ended and the Bonds were still being sold. I also
talked to my Mom and she said that the prices were in keeping with the costs in that
time frame. She graduated High School 1942. Anna Farris
 |  |  |  |
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| Quiz #102 Results |
 |  |  |  |
| Quiz #102 March 25, 2007 |
| ********** |
| ********** |
| Defense and War Bonds |
| Thanks to Linda Williams for submitting these images. |
| To within a few years, when was this menu used? |
| ********** |
| Answer: Generally, the early to mid 1940s. The date at the bottom of the second page is September 30, 1943. |
| ********** |
| Our Quizmasters pointed out several clues to the approximate date of the menu. |
| Defense Bond Stamp |
| Defense Mention of Ceiling Prices on Bottom of Second Page with Date |
| The Style of the Cars on the Bottom of the Cover |
| ********** |
| Congratulations to Our Winners! |
| Comments from Our Readers |
I found out early on that it was the hotel in Denver , CO. It think I did it by comparing
the picture of the hotel on the cover of the menu to postcard pictures of the Albany
Hotel. There are several of these. And, one of the menu items is “Colorado Mountain
Trout Saute, Meuniere” which would be easier to prepare in Colorado , then say New
York . Somehow, I missed the stamp about the war bonds and spent my time looking
at other antique menus. I was comparing prices of similar items. I was pretty sure I
had narrowed it down to 1900. Stan [Read] said I was way off. Stan and I do not
usually compare at all, but we were at the same genealogy meeting on Wed. evening.
He didn’t give me any other hints. The Baur’s menus from Denver, 1940, came very
close to being the same in prices and items. I came to the conclusion as faulty as it
may be that prices were about the same in the early 1900s as during WWII. Probably
the prices reached rock bottom during the depression and then came up as the war
began. I know that teacher’s salaries did this. It took my grandmother more then 10
years to get her salary back up to what she was making prior to the depression.
I did not know that old restaurant menus were collectibles.
Judy Pfaff
the picture of the hotel on the cover of the menu to postcard pictures of the Albany
Hotel. There are several of these. And, one of the menu items is “Colorado Mountain
Trout Saute, Meuniere” which would be easier to prepare in Colorado , then say New
York . Somehow, I missed the stamp about the war bonds and spent my time looking
at other antique menus. I was comparing prices of similar items. I was pretty sure I
had narrowed it down to 1900. Stan [Read] said I was way off. Stan and I do not
usually compare at all, but we were at the same genealogy meeting on Wed. evening.
He didn’t give me any other hints. The Baur’s menus from Denver, 1940, came very
close to being the same in prices and items. I came to the conclusion as faulty as it
may be that prices were about the same in the early 1900s as during WWII. Probably
the prices reached rock bottom during the depression and then came up as the war
began. I know that teacher’s salaries did this. It took my grandmother more then 10
years to get her salary back up to what she was making prior to the depression.
I did not know that old restaurant menus were collectibles.
Judy Pfaff
| Tips on Solving the Puzzle from Quizmaster Judy Pfaff |
| ********** |
| eBay Auction of Similar Menu from The Albany Dated October 2, 1943 |
Borden sponsored a series of
ads for Hemo featuring Elsie
the cow. These are collector
items now and found for sale
on various web
sites. Stan
Read
ads for Hemo featuring Elsie
the cow. These are collector
items now and found for sale
on various web
sites. Stan
Read
| Click on thumbnails to see larger images. |
| ********** |
| Mention of Hemo Milk |
| ********** |
| Read More about the OPA - Established: In the Office for Emergency Management (OEM), by Executive Order 8875, August 28, 1941. http://www.archives.gov/research/guide-fed-records/groups/188.html#188.1 http://en.wikipedia.org/wiki/Office_of_Price_Administration |
In April 1942, the Office of Price
Administration (OPA) responded to public
demands for action by issuing the General
Maximum Price Regulation (GMPR),
which ordered that the prices of "all
commodities and services not specifically
excluded or not covered by another
regulation office" be frozen at the highest
level reached in March 1942, effective as
of May 15, 1942. These prices controls
where in effect until the end of WWII in
1945.
Administration (OPA) responded to public
demands for action by issuing the General
Maximum Price Regulation (GMPR),
which ordered that the prices of "all
commodities and services not specifically
excluded or not covered by another
regulation office" be frozen at the highest
level reached in March 1942, effective as
of May 15, 1942. These prices controls
where in effect until the end of WWII in
1945.
| ********** |
| Comment on Ceiling Prices |
| ********** |
| Pat on the quiz-back to Don Holznagel, Fred Stuart, and William Dalton for finding another clue that I had not noticed. |
| G'job Stan! I didn't notice that! |
| Read a little about the history of the Albany Hotel by clicking here |
| The Albany Hotel Memorabilia Offered on eBay |
| Franklin D. Roosevelt Radio Address on the President's Purchases of the First Defense Savings Bond and Stamps. April 30th, 1941 http://www.presidency.ucsb.edu/ws/print.php?pid=16108 |
These bonds were simply the latest
offering of the U.S. Savings Bonds
program that had begun in 1935, which
replaced U.S. Postal Savings Bonds, and
continues to this day. However, the mood
of the nation at that time allowed the U.S.
government to market Series E bonds as
"war bonds", "war loans", "victory
| ********** |
