The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1917-06-05
RED CROSS BAIL AT
The NIXON LAST EVENING
Continued from First Page)

a year, you can see how far this thing
will reach; for if everything he gets
over his salary is invested in govern
ment bonds he will practically have
no statement to make to the govern
ment. and no payment to make.
IF the war is a short war, these
bonds will undoubtedly go to a pre-
MUM. If the war is a long war. the
government will have to sell more
bonds, and if many of them are sold
they will have to sell them at a higher
rate of interest. The bonds will have
to bear such a rate of interest that
they can sell them at par, and what
ever the government does in that way,
the taker will be able to exchange his
bonds into the new bonds that are
issued.
Now, as to the point of available
ity for the man who buys a $50 or
800 bond. who is actually putting his
savings into these bonds: There is no
reason in the world why a United
States government bond is not only
perfectly good, but perfectly salable.
There never has been a time in the
history of finance in the world when a
United States government bond YVES
not readily salable. You can take it
into any bank or brokerage house that
deals in securities of any kind, and
sell it in tw~enty-four hours; and if
money gets tight and the savings
banks demand notice on their depos-
quicker on his bond than on his saw
ings bank deposits. If he does not
want to sell it, he has got a collateral
second to none in the world. He can
take it to anybody who has money 10
lend and borrow money on it for 4
large proportion of its value, and the
banks in this country are going to be
patriotic enough so that they are go
ing to take car of this as far as lies
in their power. whether a man is "a
customer of the bank or is not a Gus
toner of the bank.
"Other countries have an advantage
over this country in hat their bank
ing institutions are centralized all
their banking powers are centralized.
Ours are scattered. We have about
q 1000 banks in the country. Unfoc-
tunately, all of the banks have not
bankers at their head and do not I'M
derstand the different economic prob
lens. A great many of these men
see in this movement an attack on
their deposit money. They do not see
that this attack is temporary; that
the result of placing this loan is go
ing to initiate credit, and therefore
furnish more purchasing power and
more ability to enter into different
lines of industry. The real danger
comes from the larger deposits which
are going to be shown in every banks
statements; that those men will han
die those large deposits with the full
knowledge that they are temporary
and it is not money which they al
lend for fixed investment. That is
where the real danger comes.
zone point that l think ought to be
brought home very clearly to these
pCODiC 10 lhdl lIAS hlOllCy IL SOlllS+ ~
be spent in this country. The money
loaned to the allies and the money
that Uncle Sam is taking away from
us in the shape of taxes is going to
be spent in this country, with the re-
suit that it is going to make a ire
mendous activity in every line of bust
ness that in any way contributes to
the necessities of the war. In addi-
ton to that, it is going to create a
situation where every man and every
woman who is capable of working is
going to have more work than they
they are going to have work at good
pay, and consequently their purchas-
ing power is going to be increased and
their ability to pay for the necessities
of life will be increased, and the great
business in this country of clothing
and feeding and amusing 100, 600, 900
and odd of people will be made more
possible.
Everybody must feel an interest in
this loan; that it is the duty of every
man, woman and child to assist in
placing 1t; and that if each cannot
afford to buy a $50 bond, arrange
ments can be made in some way. pre-
ferably through employers. by going
direct and getting hold of the mem
bers of these organizations and get
ting them to make arrangements to
assist their employees to subscribe"