Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1917-04-16
WAYS AND MEANS.
KEEPING MONEY
CHEST FULL UP.
SUBJECT HAS TAKEN A PLACE WITH
THE MANY PROBLEMS DISCUSSED
BY LEADERS OF GOVERNMENT.
PROBLEM is HOW BEST TO TRANS
FER MONEY INTO U. S. GOLFERS TO
BE LEAST BURDENSOME TO ALL.
Especial To The Ilrrald.D

49, - -.
WASHINGTON, ID. G., Apr. 16.-Ways
and means for keeping Uncle Sans war
chest constantly replenished has taken it,
place among the many big problems that
the government j. called upon 10 solve IN
the present emergency. Most people know
that ii takes a great deal Of money to
wage war, but few have an adequate idea
of how vast are the sums required. For
tunatcly, there j. ample money in the
United States 1T the present time "a meet
al requirements. The problem is how
best TO transfer the money into Uncle
Sans Golfers in Il way TO prove least bur
dcnsomc to the greatest number.
4. billion dollars in bonds seems i col
lo>Sal amount, but rs a matter Of fact It
would he but Il drop in the bucket com
pared with what Uncle Sam has borrowed
since he hogan business. The total amount
Of bonds sold by the government during
the first century of its existence, or down
to 1889, was in excess of 10000. 0OO. 00c.
n sum which makes the mind dizzy and
which would put up a dozen of the small
monarchics of Europe. Many Of these
bond ISSUES up Ia that time were made to
fund previous loans. but interest WAS paid
on every one Of these dollars. and the
gold which has been spent in this WAY IN
Uncle Sam would cid all the great de
.partments in Washington and leave enough
To make a solid gold statue a. large as
that Of the goddess Of liberty which stands
upon the capital dome.
The fir>t issue of the United States
bonds To any considerable extent was
made IN 1890. II was found then that the
indebtedness incurred by the revolution
was a matter of grave Importance. The
indubtcdncss was IN many forms and on
numerous accounts. Alexander Hamilton
came to the front with \ plant. which. after
adopted. II was decided 10 fund the rev
dictionary debt hv means of q bond issue.
The hnnd~ ran IN three series. the bulk of
them drawing y per cent interest, the total
issue amounting to about SO l.0O0, GOO. The
scheme proved Ia he a success, and lIamil
ton lived to triumph over those who had
opposed Il.
In 1872 the government was again com
PEELED 20 borrow money. owing Ia the cX-
pcnsc incurred in the second war with
Great Britain. This time i loan OF SILL
600. GOO was negotiated. stock being issued
for the amount borrowed, and the rcvc-
nucs Of the government pledged for its
payment. Other loans followed at inter
walls between this time and the beginning
.of The civil war.
II was IN 1861 that the government made
the largest loan in its history up to that
time. In consideration Of the difficulties
surrounding the situation. and the critical
conditions of the times, that negotiation
may bc cla~scd a. one of the signal tcat~
in the financial history Of the United
States. Uncle Sam borrowed Tl5o,000 600
On thi, deal.
At that time the credit of the govern
mcnt had become - impaired that u large
loan could not hc obiained in any ordinary
way. nor even 4 small temporary loan. "x