New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

of the United States he
said
Allen Il. Forces, chairman OF the
distribution committee, declared that
il was not desired that the banks bear
the burden of the loan. Tor thelr 1undS
should be conserve 10 finance the DUST
ness industries Of the nation. Failure
20 oyersubscribe the present bond IS
enc. he said. would mean more 20
America than the loss Of great battles
ON the fighting front in France.
Unless these bonds are widely CIR
cnlated." said Craig Colgate, OF the
advisory trade committee, the banks
will have 10 shut of their credlt 10
individual business men,
The importance Of adopting the par
tial payment plan 70 avoid the with
draval OF deposits was emphasized az
meeting OF savings banks officials. Inc
heads Of some Of the largest savings IN
stitutions pledged themselves TO facili-
tate subscriptions by their deposltors.
New Bonds Ready October 10 '
The new I per cent Liberty bonds
with four coupons attached, covering
four semi-annual payments, VIII, &C
cording 10 an announcement from
Washington. be ready by October Is for
delivery TO subscribers VINO are READY
20 nav cash down in amounts from SlVO
70 1000.
will also be ready d few days later Tor
subscribers in amounts up TO 81 900.
With the actual bonds on sale, mem
bers of the Liberty Loan COMMITTEE
believe that there Will be heavy buy
ing BY small investors.
cone Of the great difficulties Of the
last loan" said Everett y. Sweezy.
chairman Of the distribution committee,
was TO satisfy small subscribers who
could be handed only some general
form of receipt The actual delivery Of
the bonds, when Will be possible IN IN
creasingly large quantities as the loan
goes on, will be one OF the best selling
arguments that can be brought 10 bear
supon the present campaign"
Big Resources Back Of Loan
Attention was called by Thomas ".
smont, of J. p. Morgan & Co., 10 the
tremendous security back OF the Lib
crty Loan bonds. This bond we are
Crering." he said, "is the promise 10
pay of the government Of the United
States. Do YOU realize what this
means? Some Of you may have the
idea that the government ia thing
apart from the people. Nothing Of the
kind The government rs the people.
When you are buying a United
State. bond YOU are buying your own
promise-to- and that Of your neigh
bors. There are one hundred million
l. la n hand ~ q n.
sou are going to buy. There Is no
other nation so solvent, so prosperous
md so sure 20 pay its debts 30 the
United States. Therefore, there can
ne 10 possible hesitation as TO the
sCundness Of the security.
Just cons der for 4 moment the
tangible resources that are behind this
loan. The property o. the citizens OK
Tho United States is estimated az
$4,000. 100000 The income OF the
PEOPLE Of the United States is about
$4,000. 100000 every year.
when we compare these figures
with those Of the nations abroad we
ought 10 be ashamed Of having 10
work so hard 10 raise this money for
our government. Why, the resources
o. Great Britain. France, Italy and
Russia combined hardly equal those OF
the United States. and the income or
all these people nothing like equals
our income. Yet those countries. since
the war began, have raised S400o0,0 00,-
COO in the form Of government loans
They have done it in the midst OF
fighting, destruction and death right
at their doors. They have done it, as
say, with combined resources no
more than ours. Our task should In
comparison be simple one, and IL
viii be If everybody takes hold
United States Resources Strong
Look at the character Of our re-
sources. The value Of our farms j.
well over fifty billions. Of our fac
tories twenty-five billions. Of our rail
roads twenty-five billions, all rich. in
and productive. Our gold
supply is over three billions. moro