The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1917-05-26
BY GELErT BURGESS & II. A. LAMB
COZ the vigilantes.)

COT the vigilantes.)
England calls her latest loan of Five
Billions the Victory Loan
Frances latest appeal for money was
christened the National Defense Loan.
Sixth War Credit is the official name
of Germany's last bond issue. 1t is
significant when one knows that her
debt is now $4,000. 200. 900.
The United States have no men ready
to fight. no arms. no supplies. The only
thing we can do and must do imme-
diately is. while we are preparing to
give our allies enough financial support
to allow them TO replenish their fast
ebbing resources. Congress, therefore.
has pledged itself to come to their
rescue by creating a war fund of Seven
Billions. This is the Liberty Loan.
To get back of Congress and raise
this money as soon and as enthusiast
cally as possible is now the plain duty
of every loyal American citizen.
Now the American citizen is patriotic
enough when aroused. but he doesn't
quite understand this percmptory way
of raising money. Nor does he realize
even the great security of the invest
ment. Take his money out of the bank
and invest in new-fangled loan pro-
ject? Not yet; wait a while. and see
what happens But delay is dangerous.
To the Frenchman the 'rentes" or
Government bonds are familiar invest
ment. Out of his wooden stocking. right
in through the subscription window at
the Post Office his money goes. just as
soon as his crops are harvested and sold.
lie has perhaps four sons at the front
If indeed they are still alive He knows
that one-tenth of his native land is
overrun and devastated-and the rost
of France is only protected by the line
of soldiers for which his money is buy
ing shells and cartridges. He has learn
cd the awful lesson. No need for him
TO read the placards in the postoffices to
realize that. as they announce:
we are living in time trying with
out precedent; and whatever sacrifices
we endure and must yet suffer are not
10 be compared to those of the unhappy
victims of the invaded provinces"
Every Loan called for in France has
been speedily over-subscribed.
England's five billions were also
quickly raised. When Lloyd George
said that very ten-pound note would be
more formidable means of destruction
than thirty-centimeter shell. and
would open a path for a soldier TO pass
through to victory. Britons saw that
their money would shorten the war.
Checks rained in.
In Germany the argument was sim
liar; Convert your money into u
boats,''y was the cry. Convert II into
barbed WIRE" Prove to our foes that
Germany's economic strength is un-
weakened, that they may lose the
hope of ever overcoming u.s."
But Germany's success hardly proved
that. Poor Germany is now apparently
nearing the end Of her resources. Ger
man newspapers have carefully avoided
comparing the results of this last War
Credit with previous loans. The bulk
of the subscriptions undoubtedly came
from government controlled institutions
municipalities. corporations and saw
ings banks.
Now that is just what we don't want
"a loan contributed only by few rich
institutions. Wherefore. applications
from banks and wealthy corporations
are discouraged. We want a popular
subscription a loan with a backbone
financed by Individuality many
thousands all over the country-endors-
ing the war. unifying public opinion,
and solidifying patriotism. The time