The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-06-05

ing this war at a higher rate OF in
terest the holders of liberty loan
bonds will be allowed to exchange at
par their bonds for bonds bearing the
higher rate of interest.
War Loans.
Great Britains estimated wealth is
sS5 200. 100000; she has made three
great loans since the commencement
- the war. aggregating $4,000, O00,-
600. Her last loan was the greatest
loan ever floated in the his
tory of the world 1t was taken up
in thirty days, 5,2S9,GOO individuals
subscribing to the loan. One persAn
in every eleven Inhabitants Of the
united kingdom subscribed to this
loan, and the average subscription
was $3.50, though a great many sub
scribers took only Ell, or about S.
The great number of subscribers to
this loan is pointed out as evidence
of the patriotism of the British
people.
Germany's wealth is estimated at
$4,000, 100000. Germany has put out
five loans since the commencement
of the war, aggregating $11,750,0O0,-
900. In Germany's latest loan one
person in thirteen Of the population
is reported to have subscribed, and
the average amount taken by each
subscriber was $500.
Taking into consideration these
figures, the $4,000, 100000 loan of the
United States with an estimated
wealth of 100000, 100000 and a popu-
lation of over 10O,O00.000 seems al
most small. With a wealth nearly
three times as great as that of Great
Britain it is trying to borrow less
than one-half of what Great Britain
has borrowed. With population one
and one-half times as large as that of
Germany our loan is much less than
half of the amount that Germany has
borrowed.
Americas liberty loan is less than
one-sixth of the bank deposits in our
country. An ordinary borrower does
not think he is running himself when
he borrows 40 percent of the value
Of his property. The United States
is borrowing less than percent of
It's wealth.
Thrift and Liberty Loan Bonds.
There is great campaign for
thrift being conducted all over the
United States-thrift in production
by the farmer and other producers.
thrift in economy in use and con-
sumption by all persons, and thrift
In saving. This thrift campaign is
nationwide. Not only have business.
manufacturing, agricultural. and
other associations and individuals
taken up this campaign. but it has
been carried into universities, col
leges, and schools.
In connection with the last aspect
Of this thrift campaign, that Of saw
ing, the liberty loan bonds of 1917
offer an ideal investment of savings
for small investors. No other small
investment, or large one either for
that matter, has quite the advantages
that the liberty loan bond has. Saw
ings invested in a liberty loan bond
are just as safe as 1t is possible to
make them and will constantly draw
(! interest. While the interest is only
I3k percent the bonds being nontax-
able makes the investment the equiv
alent of a 5 or 6 percent interest
drawing investment in ordinary Sc
curities.
Not only is the investment abso-
lutely safe, but it is practically as
readily converted into money as a
United States treasury note. To dis
pose of one of these liberty loan
bonds may require the owner to go
to bank instead of passing it over
any counter. Yet this is an advan-