The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1917-10-22
LAST week OF
MADISON DRIVE
MORE THAN HALF OF LOAN AP-
P~ORTIONED CITY TAKEN
MORE PEP.
COM MITTEES OUT TODAY
SUBSCRIPTIONS COMING FROM
PEOPLE IN ALL WALKS OF
LIFE-LIST OF SUB
SCRIBERS.

When the boys who have volun-
teered to fight in actual physical CON
tact with gas bombs, %shrapnel, III. Il.
shells, rifles and machine guns can
subscribe for nearly 800 apiece of
Liberty bonds, giving their lives for
love of country and $50 a month
when these boys can do that, / say,
it does look to a man up a tree as
though the folks at home, sitting
around a comfortable room, reading
the latest horror of yep raids and eat
ing food and tropical fruits, might
be able to give just a little of this
comfort toward helping them.
Just a little is said advisedly. Just
a small and active nov to sacrifice
not a material sacrifice is neces-
sary at all. 1t is not giving anything.
1t is a loan to the government of the
best country on earth. 1t is a loan,
in a country of which j. p. Morgan
said: THE man who plays the bear
side of the market in America goes
broke" The man who bets that
stocks, bonds, securities or the things
they represent, will be cheaper, he
goes 'kaput."
The city of Madison has under
taken to raise $4,000 to loan the
government. AT noon today $51,450.
was accounted for within the city
limits. This is a trifle over / per
cent of the assessed valuation of the
city-not more than three-quarters
of / per cent of actual value.
Men ~actuated by a sentiment of
loyalty only are soliciting the loans
TO the government. The solicitors
get not one cent for their services.
The bankers handling the loans get
not cent for their services. The
newspapers get not one cent for the
publicity given these loans, except as
offered for actual ad space-not n
cent for all the published articles and
columns of news concerning this
most wonderful loan.
Therefore, there is loyalty and
patriotism outside of the ranks of
the men who have showed their legs
into khaki and marched away at $50
a month. And there is plenty of pa
triotism and loyalty remaining
among those whoshave remained iso-
lated at home, if they could be in
dueed to figure for themselves. As
an insurance agent once said, IF |
can get the prospect to take a pencil
in his hand and hold it over a piece
of paper-well, he's a goner." Just
think, that's adjust think.
From many sources of information
it is gathered that Liberty bonds are
as good as gold. They draw A per
cent semi-annual interest, and are
made for rs years, but may be called
in by the government at any time
after 10 years. They are as good as
a treasury note of the same denom-
ination. SO much for the mechanical
value of the Liberty bonds.
From pulpit and counter and curb.
in office and church and school and
train, morning, noon and night, men
are discussing the loan. Their values,
effects and means of raising the
money are discussed in all places and
at all times. Their value to the COM
munity. the nation and the enemy are
argued.
Yesterday in the churches of Mad
ison pastors called attention in one
way or another to the use and effects
of this oar to the government. One
diNll1 Gdih that VIC oil III agIh " q
speedy end of the war. But, while
prayer is efficacious, it also required
a measure of activity on the part of
the supplicant. One might pray in
definitely, but if he did not get out
and do something material to help
If his faith in prayer did not furnish
inspiration enough to stir him to sac
rifice some time and value-well, in
effect the inference might be that he
was just Industrious enough to pray,
but to stop when he thought he had
prayed long enough.
The meaning of subscriptions for
these bonds is just getting to have a
meaning for many. Men who have
stood back in an attitude of letting
the banks and big financial centers
carry the load, are now taking hold
with a will, and boosting. Many, in
tending to spend money for stocks OF
goods with which to r%eplenish depict
l+ed shelves, are buying bonds with
: the money, then using the bond as
collateral with which to borrow the
money or credit for the purchases,
In this way they lose. How much
Why, Just the difference of the rate
of interest. And if, as a prominent
: man said today, the security Of this
s country is not worth that, then it Ii
, not worth avery strong word.
; Another matter, heard or the curb
is the moral effect. The desire Of
both the nan who has a boy in the
army and the man who is paying high
prices for food and clothing is thaI
the wal end DON The loan is tt
that end. If the loan is easily made
the moral effect on the enemy is tina.
of opposing a united country, read,
to spring to arms or to open a purse
J If the government has to wrest thu
money from the country. the enem.
knows that as well as he would thu
other-and is encouraged to go oil
: lsinking Lusitanias, or THROWN,
! shells into New York.
: Today this paper publishes tn
+ names of subscribers to the secon'
Liberty loan in the city of Madison