Billions in unclaimed bonds date to World War II

AP/YahooNews.com ^ | 10/18/09 | MATT GOURAS

[Kartographer]

The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department that claims ownership.

[Kartographer]

How many of these are setting around in people's basements and actics?

[glorgau]

"One of the misunderstandings out there is that there is a lot of cash sitting somewhere in a drawer. Money from savings bonds was used to run the daily operating expenses of the government,"

Just like Social Security!

[The Comedian]

"You gave it. We have it. That settles it."

[Kartographer]

“finders, keepers”

[ncfool]

I know that I have some savings bonds from the 1960 time frame. I guess I should cash them in!

Any ideas if they know or have logs on the people who have never cashed or claimed them?

[gleeaikin]

I wonder if I have any. As a little girl in school, I can remember something like buying stamps to fill up a book for a bond, or am I confusing this with Green Stamps. I think I was seven or eight at the time.

[imahawk]

That would be S&S green stamps.I remember them as well filling the little books with the stamps.I still remember the taste when licking them.YUCK

[The Comedian]

The unspoken social contract between the government and the governed is now as follows:

"We'll take whatever we damned well please. Fight me for it."

This now works both ways.

[Controlling Legal Authority]

I remember them too. They were blue and red. One was a ten cent stamp, and one was for a quarter as I recall. You would get a savings bond when the stamp books were full. We bought them at our friendly local government school. Little did we know that we were financing LBJ’s guns and butter strategery.

[tiki]

Yes, I’m sure you can google it. You can put in the series and the number.

[jamaksin]

That would be “S&H” Green Stamps, if memory serves.

[paulycy]

[BallyBill]

Who the heck is Sperry and Hutchinson? Never heard of or knew what the actual S&H stood for.

[paulycy]

Who the heck is Sperry and Hutchinson? Never heard of or knew what the actual S&H stood for.

I saw another picture that implied S&H Green Stamps had been around for 110 years. Wow!

[paulycy]

[imahawk]

You are so right.I wont say how many years ago that was.So much for my memory like elephant huh?

[annieokie]

I remember those also, and they were not the S & H Green Stamps. The S & H Green stamps were used to redeem for products.

The stamps you are speaking of were to help fund war. I remember my brothers doing this, and asked him about it some time ago, I can't remember what they were called. Will ask him again.

[gleeaikin]

On further recollection, I recall the S&H green stamps as being something we got at the grocery store, not at school. I also remember mother teaching me to count ration stamps at the store when I was 5 or 6.