The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-05-27

billions the victory loan
Frances last appeal for money was
ChriStened the national defense loan.
Sixth war credit is the official name
of Germany's last bond issue 1t is
significant when one knows that her
debt is now S2O,000,O 100000
The United States have no men ready
TO fight, no arms, no supplies. The
only thing We can do and must do i'm.
mediately is, while We are preparing,
20 give our allies enough financial sup.
port to allow them to replenish their
iastebbing resources. Congress, there.
fore, has pledged itself to come to
their rescue by creating war fund OF
seven billions. This is the Liberty loan.
To get back of congress and raise
this money as soon and as enthusiast.
Cally as possible is now the plain duty
of every loyal American citizen.
Now the American citizen is patriot
iC enough when aroused, but he doesn't
quite understand this peremptory way
of raising money Nor does he realize
even the great security Of the invest,
ment. Take his money out Of the bank
and invest in a new.fangled loan pro.
ject Not yet; wait a while, and sea
what happens. But delay is danger.
Gus.
To the Fronchman the "rentes' o.
government bonds are familiar iu-
vestment Out Of his wooden stock
ing, right in through the subscription
window at the post office his money
goes, just as soon as his crops are han
vested and sold He has perhaps four
sons at the front-if indeed they are
still alive He knows that onetenth
Of his native land is oyerrun and de-
vastated-and the rest of France Is
only protected by the line Of soldiers
for which his money is buying shells
and cartridges. He has learned the
awful lesson, No need for him to read
the placards in the postoffices to real.
ize that, as they announce:
I'VE are living in a time trying with
out precedent; and whatever sacr,.
fices we endure and must yet suffer
are not to be compared to those of the
unhappy victims Of the invaded pro-
yinces."
Every loan called for in France has
been speedily over-subscribed.
England's five billions were also
quickly raised When Lloyd George
said that every ten-pound note would
be a more formidable means OF de-
struction than a thirty-centimeter
shell, and would open a path for
soldier to pass through to victory Bu.
tons saw that their money would
shorten the war. Checks rained in.
In Germany the argument was simi.
lar; Convert your money into t..
boats" was the cry. Convert il into
barbed wire!" Prove to our foes that
Germanys economic strength is un.
weakened, so that they may lose tn.
hope Of ever overcoming us!'
But Germany's success hardly
proved that. Poor Germany is nov
apparently nearing the end OF her re-.
sources German newspapers have
carefully avoided comparing the re.
suits OF this last war credit with pre-.
yious loans. The bulk Of the sub
scriptions undoubtedly came from gov.
ernmentcontrolle institutions - Mu
inequalities, corporations and savings
banks.
Now that is just what we don't
want-a loan contributed only by q
few rich institutions. Wherefore ap.
plications are discouraged We want
a popular subscription, a loan with q
backbone, financed by individuals by
mauy-thousand all over the Coun.
try-endorsing the war, uniiying puU.
lie opinion, and solidifying patriotism
The time will come soon enough when
We shall have to pay in blood; let u,
pay in gold now, so that the human
sacrifice may not be, as 1t was in Eng.
land and France, in vain!
So much for your patriotism; now
for your pocket
The investment In the Liberty loan
is saie-"as safe as government
bond of course, the safest that Is, of
all investments. Not until the COuU.
try is so ruined that everything goes
smash stocks, bonds, railroads amt
savings banks will the Liberty loan
hc rcpudiatcd.
The German press tried rs best 20
weaken the AngloFrcnch loans of past
years in attempted demonstrations of
their insecurity. When the first ot
the dual loans dropped temporarily
to 81, Berlin laughed at its failure
II has since recovered To %. 4 simi.
lar loan, giving security for It's pay.
ment, is now at 81 Doesn't that show
the confidence shown IN two great nd-
tions crippled by two years OF war?
Our own loan, offered TO the richest
country In the world is infinitely
stronger-the safest possible invest.
ment I'm the world
Nor need one worry that, later. 9th.
er loans will pay, as they often do, a
higher rate OF interest The govern.
meut will put no such premium uu
the laggard lender Whatever the IN.
tcrest paid on later bonds the holder,
OF Liberty loan bonds will be guaran.
teed the privilege OF converting their
securities into certificates Of the new
and more remuneratye loan. England
has done it. France has done II. Ger.
many, indeed, has even evolved q lot.
terry proposition by which certain
lucky numbers can exchange so as TO
make extra profits OF % percent On
the Investment
povs 2'a percent interest seem low
Most savings banks pay that, but very