Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-04-29

loan will not be success if we do not
curp expenditure, and if to that end
citizens OF the nation do not cooperate
| In investing their mite in the loan. may
at this time seem theoretical and be a
mere matter of opinion. Nevertheless, it
must be agreed that it somewhat savors
OF common sense.
! The question is, are we going to
! raise the seven billion dollars?
some specifically inclined will saw
Yes. the banks will absorb the loan,
| the people will invest in the loan their
savings, of which they have over nine
billions in the savings banks and saw
| ings departments of commercial banks
ana trust companies, but by no mea ms
economic, for IL you do. a certain class
| of workers will be dependents
| self representation is the first law of
Ire. Consequently there is no criticism
OF those sales agencies that are en-
| deavoring to forestall any movement
that may result in decreased sales of
| their commodities.
a seven-billion- dollar war loan is
evidence of abnormal times. 1t will
| necessitate a temporary change in our
economic life. Our habits of living
IN some respects must for a time be
different. There is not an American
| with the red blood of patriotism in his
veins who does not with all his heart
desire the greatest possible success to
| the notation of the war loan, which will
provide the sinews of war and bring
to us the respect and admiration of the
democratic nations OF the earth. Hence
II such Is our purpose we must sac
rihce. however, II ts dii;lcult to find
now we are to sacrifice.
BY not changing our norman course
OF nVing with relation to food, shelter
ana clothing We obviously do not sac
rifice
BY continuing to borrow, or to live
up to our income in order to maintain
high standing of living manifestlv
| Is not sacrifice. Then what sacrifice is
necessary? 1t is intelligent economy;
the properly directed curbing of ex
penditure
while in some measure such action
would seriously encroach upon the
business of few industries. yet it will
oe me means OF successfully carrying
obJset In order to successfully float
war loans the belligerent countries
have insisted upon strictest economy.
ana TO that we also must come
The banks in turning over the funds
invested through them by the people in
the loan will immeasurably assist the
government In financing the war but
the people must have the funds or the
creo1t IN the first instance in order to
invest The two billion dollar short
term obligations will not be difficult TO
hoat, nor will perhaps a billion of
the hve-b illion-dollar loan be hard to
loan goes four. Ave. six and seven BILL
mons. there is no other way under God.
heaven that the amount can be raised
except through intelligent economy.
should look more to produce
good crops Funds in large volume
must be used for this purpose The
problem is to produce necessaries. and
with all our might. The warning is TO
let down on producing Injuries Their
is plenty of employment ready and
waiting for possible so-caIled de-
pendents relieved from producing
Injuries Europe needs food and we
must feed ourselves at the same time.
"A campaign of intelligent economy
would be the best thing for the nation
at this time. for. in such manner
there is no conceivable limit to what
the country could raise in the way of
FUNDS for the conduct of the war and
our allies.
Economy means sacrifice-and it
will only,be through such sacrifice that
democracy will overcome autocracy,
firmly entrenching itself in the hearts
of the people of the earth