Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1917-10-25
q. s. FIGHTS FOR HIGH IDEALS
wilson Demands Victory of Democracy
Over Autocracy.

Wilson Demands Victory of Democracy
over Autocracy.
America, says President Wilson, will
not make peace that is not based on
rigntful settlement of the principles
Ior which the nation is fighting. The
only end to the war is a complete vic
Rory TOT the nations representing demo-
cratic ideals over the nations adherinp
TO the German doctrine of force. A
German success would mean not only
the prevention of the spirit of demo.
eracy but possibly might include the
suppression of that already existing.
Inc president voices the ideals and
the determination of the American peo-
pie. There must be no compromise with
the things that the German imperial
government stands for and has practic-
ca. Germany sought to impose her
kultur" on the world; the result is
gong to be that the American ideals of
hberty and right and justice will pre-.
Nal throughout the world, even in Ger
many.
Liberty Loan Must Succeed.
How vital to the success of our coun.
try in this war, how absolutely neees-
sary to the success and the safety and
the well-being of our soldiers and sail
ors who are offering their lives to their
country IS the success of the Liberty
loan Is well expressed in the following
extracts from the speech of Secretary
OF the Treasury McAdoo, made before
the American Bankers association at
Atlantic City:
1t is upon the treasury of the
United States that every demand in
time OF war focuses, because everything
goes back to the gold pile.
Every dollar that is paid to a sol
dier, every pair of shoes he puts on his
feet, every piece of clothing he wears,
every gun he carries, every cartridge
he fires, every 18-inch shell that is
hurled from the monster guns of our
battleships, and every shovelful of coal
that is consumed in their boilers
everything that touches this war and
involves government expenditure
depends upon the money in the United
states treasury.
1.-The problem of the American
treasury is the problem of the Ameri-
can people; it is the problem of keeping
the treasury supplied with the means
to carry forward the great business of
the nation under the direction of the
commander-in-chief of the army and
navy of the United States, your presi-
dent, whose glorious stand for Ameri-
"a 8 honor and Americas rights, jus
tlce, civilization, and democracy have
made him one of the greatest of the
worlds outstanding figures.
The problem is twofold To supply
essential credits to the allied govern
ments, because it is vital to our cause
that their strengh and credit shall be
and, secondly, to meet our
own requirements r....
Foreign-B Born Aid Loan.
A special investigation has been com,
pleted by the Pennsylvania railroad as
to the purchase of the first issue of
Liberty loan bonds by it's employees.
Two very significant facts 1 were
brought out in the investigation-fir
that the employees of the railroad were
liberal subscribers to the Liberty loan
bonds, there being among them SO, 1882
with subscriptions aggre.
ficant fact was that STAG employees of
foreign birth were subscribers to the
loan. Thirty four percent of the native
and 32 percent of the foreign born en-
ployes subscribed III
The fact that the workingmen of the
country were liberal supporters of the
Liberty loan is a fact of deep signi-
ficance, and the added fact that the
foreign-born workmen were practically
rs strong in support of the loan as the
native born increases the significance.
The figures of the Pennsylvania rail
'oad are given because they are known,
out there is abundance of reason to be-
lieve that an investigation of other
arge employers of labor will show
similar result-that the workingmen of
America, whether born in this country
Or abroad, sympathize with the uses of
the Liberty loan, appreciate the value
Of the bonds and the patriotic nature
IF an investment in them.
Why Interest Rate Was Changed.
The Liberty loan bonds of the first
ssue bore 312 percent interest and were
from all taxation-national,
state, municipal, and local-except es-
ate and inheritance taxes.
They were exempt from superincome
axes and excess-profits taxes, which |
rave been imposed to meet the expenses
If the war.
The exemption from taxation is of /
title value to small subscribers, and it |
s desired to make the Liberty loan
yreat popular loan from the body of the !!
,eople. The first Liberty loan bonds I
we're worth to small investors only 3k
,ertent per annum; to men of very large
income they were equivalent in value to T
axable bonds bearing as high as 9 per I
ent interest.
1t was found that out of 100000 sub I
eribers to the first loan, 100000 sub
ribbed in amounts of $4,000 and less, I
heir aggregate subscriptions approx f
mately $1,300,000,0o or 6212 precent |
# the first issue. To most of these the
from the supertaxes was of /
10 value and in any case of little value,
whereas to the 10000 subscribers of +
wealth who bought large blocks of the T
liberty bonds the exemption from super