In response to a New York Times editorial of Jan. 7 which discussed the tendency of Series "E" government bonds holders to cash in their bonds, or fail to buy them in sufficient quantities, Seymour E. Harris '20, professor of Economics, declared that the small investor should receive a higher interest yield. His letter appeared in yesterday's issue.
Compared with the purchasers of common stocks, he wrote, the bond holders' position in current dollars deteriorated more than 60 per cent. "What is surprising," he said, "is their tenacity and patriotism in holding on to these bonds."
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