The Robesonian., 1917-07-02

tHe loan every SCep OF Lne way. Inc
foreign-language press, iH SO Ian
guages, gave daily proof of the un-
doubted loyalty Of peoples Of foreign
birth.
WILLIAM G.. McADOO,
Secretary of the Treasury. !
The service rendered to the Gov
sale of the liberty Loan bonds OF;
record evidence of the generous pa
triotism Of the newspaper men of
America. It is recorded in the pages
of thousands of American newspa-
pers, many of them printed in for
eign languages, from the largest daily
to the smallest country weekly. The
newspapers of the country "camei
across" with liberal donations Of
space in news, editorial, and adver-
tising columns.
Newspaper men have observed with
deep and peculiar pleasure the whole
hearted activity of the men of their
fraternity in the country in promot-
ing the sale of the Liberty Loan
bonds The influence and assistance
of all publications in making the loan
success are simply incalculable.
Their efforts greatly contributed to
making it double success in that it
was not only largely oversubscribed
but the Liberty Loan bonds were
placed in every community in the
United States, in cities and in remote
country districts, in mining towns
= and manufacturing centers, among
1 farmers and country merchants as
we'll as city bankers and large com
mercial and manufacturing houses
II It was great education campaign
Reders of their county paper in thei
country homes, and new American
citizens from papers printed in thei
old language, and others just learn
ing from our language, who in tn
evening spelled out the news in tn
| great daily papers, were informed o
the purposes and objects Of the Lib
erty Loan and instructed in the ma
ture, value, and terms Of Government
bonds, especially the Liberty Loa
bonds of 1917. The whole Nation ha
made Ion stride forward in financis
education through the Liberty Loa
campaign of 1917 as conducte
! The country press which withou
compensation gave literally of ii
limited space is equally deserving {
praise with the larger papers. I
i their respective spheres all classe
;or publications in the country cove!
ed their field thoroughly and well
-. The press of America can look bac
on the work it performed for the Lii
erty Loan as great public servic
ably, thoroughly, and unselfishly pc
| formed.
Educational Value of the Libert
Loan Campaign
In addition to the main result, tn;
of selling the two billion dollar boz
issue and the equally important r
suit of placing the bonds in eve1
section Of the country and amor
all classes of Americans, the car
paign for the sale Of the Liber
Loan bonds has had a great educ
tional value.
The people of the United Stat
are much better Informed now
their Governments finances a.
methods of finance than ever befol
Hundreds of thousands of peoI
whose idea of Government bonds W
vague and indefinite are now not 9
ly possessors Of Liberty Loan bon
. but know what a government bond
ana the peculiar WOrCn anu Vdiue
such securities.
They have been Informed of WI
other Governments have done in t
way of bond issues, of the wealth
this country compared with its 7
tional debt, and the wealth of otf
nations as compared with their !
tional debts.
The campaign has opened and I
veloped a vast market for futl
bond issues of the United States a
has opened up to the American p
pie and made them acquainted W
field of investment they knew
tie of before. It has given them
vestments for their savings the eq
of which they never had before.
. The newspapers and the banks
the country were great instructors
this campaign. Scarcely citizen
any town and scarcely a newspa
reader of any sort in the Uni
States but has had the opportur
. thrust upon him during the campa
Of informing himself regarding
. Liberty Loan bonds Of 1917 in +
tlcular, and the United States G
ernment bonds in general, and
nature and terms of such securit
and the resources and means b
Of them.