El Paso herald. (El Paso, Tex.) 1901-1931, 1917-09-29
IN LIBERTY BONDS
MEANS LOWER TAXES FOR WAR

~ TITHIN a few days the campaign for the second
w Liberty loan, this time for s5ooooooooo, viii
" open. The first Liberty loan was OversubscnbeC
nearly SsoO0Oo0oo The second loan, also must be over
subscribed If the buyers Of bonds try merely to meet the
Of the issue they apt to fall short and find
the loan undeTsubscnbed, which would give Germany a
reat deal Of pleasure and start the Berlin papers declaring
again that American people have heart for this nor
sympathy with the United States government.
The total yearly income Of all the people IN this coun-
try is estimated at s4ooooooooo During this year Of
war which ends April g. must provide S1s5O0Oo0 oOC
for purposes That amounts to nearly half income
to be more exact to S7 cut OF every 500 OF our income
The government VIII raise the money directly by taxa
ton and indirectly BY bond issues Taxation hits harder
than anything else In framing the war tax BILL conferees
Of the senate and house have endavored to put the load
much as possible large manufacturing and business
dustes and huge incomes through the and
the profits tax and lightly possible small
and the necessaes Of life Nevertheless should
the bond issues fail to be subscribed the amount Of
money would have out Of pockets the form
Of taxes The money must and viii be found to carry this
to a victorious conclusion.
Naturally, the fact that this years war expenditures
viii fetal nearly half Of the income Of the American people
does that half Of income is to be taken for
the fund It is presumed have in the banks some
money saved from the earnings Of former years and which
can be spared for investment In Liberty bonds.
Dig It out and invest it. If It has been lying in
ing bank it has been drawing four percent interest The
Liberty bonds Of this issue offer the same rate The in
eret rate for the first issue so percent but for the
second and succeeding issues it has been raised to four
If you have been intending to invest it in eight per
cent mortgage invest it in Liberty bonds and count the in
terest thus; -Four percent paid two percent saved be-
the bonds exempt from taxation and two percent
for patriotism The two percent for patriotism the most
important part It's e fine investment.
If you haven't the money in the bank, for any
you consider most inadvsabe to draw that money
out, buy your bonds BY saving Pay small amount down
the instruments ont Of money saved by cutting
off unnecessary expenditures Being that many bond
buyer here IN your home city viii meet the instruments by
actual sacrifice by doing without the things he she really
needs you need not feel it burden to do without Of
the things to which you have been accustomed but which
really Injuries This IS the time when waste and
tTavagance must 60 Buying a Liberty bond with the
money which you ordinarily would spend for pleasures
which you do without serving your country and
putting aside something for a rainy day.
Buying Liberty bond does not parting with the
money You have it STILL right there in the bond You
count the Liberty bonds standing at par value Once
only the first listed in the New York Stock
Exchange has the value been quoted below par Generally
has been above par. few days ago it had usen to
fOo16 You sell Liberty bond at any time or you
borrow money It.
From the contributors standpoint, bond issues
much desirable than taxation When he puts $50
into Liberty bond he gets the equivalent Of $50 and is
paid interest at the rate Of four percent which s. But
he pays $50 taxes the money is gone for taxes are
dead load They pay interest Tax money comes
back
That the business side Of the coming Liberty loan
The patriotic side is evident that needs further s