"New York, Aug. 5- Anybody want to buy $15,000 worth of U.S. stamps--mostly 1, 2 and 3 centers--brand new? They're available--provided payment is made at face value--from Seymour Siegel, director of the New York City Station, WNYC.  Siegel, the station, the city administration--and especially the comptroller's office--would be happy to peddle the stamps, but it has to be dollar for dollar.  Until a buyer comes along, tho, a headache will bother 'em all. 

"The story: WNYC sends listeners a monthly program guide for 20 cents a year.  Mostly these are paid for in stamps. Thruout the years WNYC has been accumulating the stamps--roomsfull of 'em. Once a year key execs in the comptroller's office come over and count them out in an annual audit of the station's books. Used to be they counted the stamps, one by one, by hand, but they finally gave in and put hundreds of them in sealed envelopes to simplify matters. Not too long ago, Siegel, tired of tiptoeing his way into his office between stacks of stamps and envelopes, tried to get the U.S. Post Office to take them back. U.S. policy calls for payment of around 65 cents on the dollar. Siegel got the ante up to 90 cents, but the corporation counsel said this sort of stuff couldn't go on with city property. Meanwhile, more subscribers subscribed, and more stamps came in.

"So, if you know anybody who wants stamps--including a lot of commemoratives, valuable to stamp collectors, Siegel's your man."

Source: The Billboard, August 12, 1950, p. 3.