The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1917-04-25
THE WAR LOAN.


Ws
J. p. Morgan and other eminent hnanciers are
in q stew-things are not being conducted IN
Washington according to the house OF Morgan.
The root Of the trouble, it seems, is the plan
to make the seven billion dollar loan q popular one
by inviting subscriptions direct from the public.
Prior to the objections of Mr.. Morgan and the
other Morgan-inclined gentlemen it was supposed
that 8 popular subscription to the war loan would
be the, most democratic method.
Nj. Morgan, however, claims that the method
would cause holders of stocks to unload their hold
ines md invest in the government bonds because
the latter are not taxed.
This unloading process, it seems, would demon
alize the stock market by causing some OF the
stocks to come down to their natural limits.
These stocks will come down, to this limit any
how-after the war is over; and the public will not
fear a little reduction in the price Of more or less
sound stocks at the present time, either.
On the other hand, Mr.. Morgan's claim is more
in the nature Of a fear" which may not even pan
out--as 20 many other 'fears" fail to materialize.
Popular subscriptions to government bonds
have been the regular things in France, Britain
and Germany, not to mention the minor betligef=
ents. They have also been q huge success IN Car
ada. The last popular win the war; loan in Brit
ain brought 31b interest only, whereas the nations
most eminent fnanciers forcasted nobody would
take it less than AZ. Sela!
MUST FIND THE SOLUTION.
AahA
The coming Of war has at least this advantage;
it ends the debate on unpreparedness. Whatever
our views as individuals, it is now up to us all to
join hands in indicating America.
We have all known individuals who perplexed
themselves with serious questions; who debated
within themselves long and uninterruptedly yet
could find no solution. Yet, hurled. suddenly from
their fancied security, these same men have ans
wered these same questions in emergency, in the
twinkling of an eye-yes. ard have answered them
right.
It's just the same with America.
From the question Of preparedness or arpfs-
paredDess, we are now advanced to the stage where
there is no longer question and only one answer
action, quick, decisive, effective. We must do the
right thing and do it now, if America is to play
her part in this contest.
AAn
THE BIG LOAN AND GER MONEY,
A
The psusst atupendous war loan Of $780,.
100000, passed ~ the Senate and the House; pla-
ces q burden Of $40 upon every man, woman and
child in America, but this is as nothing when
compared to the per capita debt of European eoun-
tries. dnaGreat Britain it is 1870, in France $3.50,
md in Germany $500. In the United States the
45td indebtedness for past and present is only
$50, including the big loan. Our national debt
must reach the Supplying figure Of $36, COO, 000,-
900 before the burden on our citizens will be as
great as that borne by the inhabitants of Great
Britain.
AAMAAA
SET AN EXAMPLE.
Suggestion fS q, wonderful thing. Set an ex-
ample in your conarnunity.
A whole lot of fellows there will see the way
you live, the big way you do things, and will follow
your trail.
There's nine men in your own who win do as
somebody else has done to every one that will
change III the slightest degree from the COM
tnunity-beaten pathway.
The tenth man sets the example; he leads the
trail; he fashions the conmunity's life. Susges-|
tion Is q wonderful thing.
AAAAAA
NAVAL COOPERATION.