Inflation’s toll on Michigan a 1940 bond tale
The Michigan Mirror recalls investing $75 in a 1940 U S defense bond that matures next September, rising to $100 value but losing purchasing power to about 60 cents by 1949. The piece asserts postwar inflation will worsen unless Washington acts, citing Bernard Baruch’s warning and rising costs for teachers and public workers.
MENTIONED IN THIS ARTICLE
Michigan
Pearl Harbor
Michigan Mirror
U. S
You
Germany
Japan
Washington
Inflation and Its Threats to Society and Freedom
The speaker warns inflation erodes endowments and raises operating costs for colleges churches hospitals and other institutions. Inflation forces health plan reorganizations and raises costs beyond many pay. Government controls are opposed yet the real danger lies in military defeat and ongoing inflation, with past price bills labeled as legalizing inflation. Hobnobbing ends the passage as a non sequitur.
MENTIONED IN THIS ARTICLE
Hitler
Poland
Inclin
Ation
Appointment of Public Administrator for Gogebic estate
In Gogebic County Michigan Probate Court grants administration of the estate of Vincent Djubeck to Leo O. Massie or another suitable person. Hearing date set for August 80, 1950 at 10:00 AM at the Probate Office in Bessemer. Public notice to be published weekly for three weeks in the Bessemer Herald.
MENTIONED IN THIS ARTICLE
State OF Michigan
Gogebic
Bessemer
Said
Robert R. Wright
Vincent Djubeck
Vincent Jubeck
Ralph E. Hughes
Leo O. Massie
Bessemer Herald
Bessemer Township
Heikkinen, Wahlberg and Mussatti
Ramsay
Michigan
Puritan Town Hall
County of Gogebic
Ramsay Election Law
State of
Also Mentioned on This Page
Cour
Bernard Baruch
War Industries Board
Senate Banking and Currency Committee
Bobs’ Restaurant
Adeline
Robert J. Hellman
Register of Probate
Jay Clothing Store
Lawrence Gaudette
STOTT
Wisconsin
Michela Company
Wakefield
Board of Inspectors
Board OF Election Inspectors
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