Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1917-10-27

~ hAlICO
has not yet asked for sacrifices. 1t is
not taxing the people heavily and
therefore has asked for a loan with
which TO carry out the war. In ex-
change for your money you receive
the bonds of the United States as
security, which far eclipses security
on any other bonds, and gives you a
fair rate of interest. In subscribing to
the loan you are becoming a part of
the Government"
Must Spend Vast Sum.
The speaker continued: "The Gov
eminent needs vast sums of money
to carry on the war, because war to-
day requires a tremendous expendi-
people that this money is raised
through a loan. 1t Is not to the in
terest of the people that these bonds
should be held by the rich, and it is
not the desire of the Government
that this class hold all of them. What
the Government wants is that these
bonds be distributed among as many
people as possible. If these bonds are
purchased quickly it means that we
will have smaller taxes to pay. At
present the big tax bill only strikes
the big manufacturer and the real
wealthy man a hard blow. If however.
the Government finds that sufficient
funds cannot be raised through a loan,
then it will raise the money through
taxation. Which shall be the course
of the Government is for the people
to decide. Heretofore government
bonds paid only 2 or 2 IL per cent
interest, but now they pay 4 per cent
and are free from taxation.
Means Worldwide Calamity.
f'Unless the loan is absorbed it will
mean not only a national calamity, but
a worldwide me-; it will be a great
incentive to the Central Powers in
their struggle against the ~democracies
Of the world, and they would think it
the beginning of their triumph. 1t will
mean that the people of this country
are not even patriotic enough to sup
port the young men who are to be
paced on the firing line.
An Explanation Needed.
II believe that a great number OF
the people do not really understand
the loan. They do not understand
that there money is not being taken
away from them, but that the Govern
ment is offering them a good PROPOSE
ton for it. i think that if the people
at large would study the facts of the
Iona there would be a far more gen
erous response.
May Have to Ask Sacrifices.
UNLESS this. great struggle is
brought to a speedy termination, the
time will come when hte Government
will be compelled to ask of you to
make real sacrifices, just the same as
Great Britain has done to her people,
France has done to hers and Italy to
hers. Therefore my plea to you i:
to respond to the Government so as
to end the war speedily and save your
selves many sacrifices, and by doing
this you will be contributing to our
own democratic institution and will be
safeguarding the Government and its
principles, for which your forefathers
fought. With your assistance there
can be NO question as to the result
and have faith to believe that there
will be no hesitancy in responding to
the call of the country and help give
liberty to tho people who are now
being governed by autocracy and i'm
perialism."
After DR.. Rowe had concluded be
was given a round of applause, follow
ing which Col. Walker arose and in {
few words told the audience that he
was sure that the Assistant Secretary
of the Treasury would find that this
old staid community would not fall be
hind at this important period.
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