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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 26, 1949
Page
3
In a holiday note McKenney on Bridge salutes Santa helpers, especially Joe Rosenfield Jr. once of New Orleans, known as Big Joe on WOR. He is praised for collecting cards for soldiers in hospitals.
The narrator hails “Big Joe” as Santa to the needy yet describes a card play where Joe avoids a trump overtrick. He wins the opening king of hearts, finesses clubs to establish them, then ruffs and discards to sail home. A two-trump overtake would have left dummy with no escape.
Ten years after buying series D or E government savings bonds worth 753 million dollars, the public will receive about 1.4 billion dollars next year, a 251 million dollar gain over their input with an average annual return of 2.9 percent. The bonds mature in ten years and pay back 1000 dollars for each 750 invested, though the next year’s dollars differ from the original dollars.
A treasury department discussion warns that dollar purchasing power has fallen 38.6 percent since ten years ago, reducing $1,000 bonds to $614 next year. It cites war costs, government spending, pensions, and debt as the main deflators while urging actions to preserve the dollar’s value and safeguard savers.
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