The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-06-07
BUY LIBERTY LOAN BOND
PATRIOTIC INVESTMENT
WHAT A GREAT FiNANcIER SAYS
OF THE BONDS NOW OFFERED
BY THE GOVERNMENT.

I'm AN ADDRESS before the New
York Bankers association a few
days ago Frank A. Vanderip, presi-
dent OF the New York City bank,
the greatest financial institution in the
United States, had this to say of the
Liberty Loan bonds and why every
citizen should invest in them TO the
extent of his means
Now what are the motivesp to lead
men to subscribe to the government
bonds? One is profit--that it Is a
sound investment returning a good
rate OF interest. The other is patriot
ism.
Features Of the Bonds.
Let us take up the first set OF rea-
sons. Is this an attractive invest
ment or are you facing calls to make
financial sacrifices? | don't believe
it is a sacrifice. You are being Of
fered a bond for security which is be-
yond question the finest piece of paper
In the world. The rate of 3h per cent
looks low but there are perquisites at
tached to that bond. Its income is
free from taxation You know what
the minimum return is that goes into
Your pocket You don't know what
the maximum will be because the rate
may be more. If this war goes on,
as it looks a sif it may for a good
while, the chances are good that it will
be more. You are not going to be pen
allied by being subscriber to the
first loan, that is certain. Whenever
a subsequent loan comes out at a high
er rate of interest, you are going to
be in Just as good condition as the
tardy subscribers. The law was not
very clear on this point: the circular
issued by-the secretary of the treasury
Is perfectly clear and gives you all
the advantage You ought to have, all
YOU could rightfully ask for in the
event of an issue at II higher rate.
Now does anybody doubt that. when
the war is over and the pressure is off
the market for government loans
there will be rise in the value Of
government DtiuS 1 uoH pelltNG
anybody would doubt that. Now re-
member the bonds you buy now bear
ing 31a per cent have practical
guarantee of parity, that is to say, if
events go so that the government can
not raise money at " per cent, your
bonds will be convertible into the
higher rate, and the minute the war is
over, your bond at par will command
a premium ! can't think of situa-
ton that win not find these bonds
bearing a premium on their issue
price after the war is over / find
some people disgruntled about the
high taxes they have to pay They say
they are contributing enough to the
government in taxes without sub
scribing to low rate bond issue but
the higher the tax the more advantage
eous is the investment in these bonds.
Here you have an income where you
know exactly what will get into your
pockets at least the minimum amount
that will get into your pockets
Encourage Men at the Front.
Aside from the idea of profit or
sacrifice, there are much nobler rea-
sons why ten million people should
subscribe to these bonds, and they are
an attractive investment. Our belief
In democracy, our belief in this gov
crnment, the foundations of our be-
lief in freedom lie back of the motives
that ought to move ten million to sub
scribe to this issue. Now we have got
to be walked up as a nation to the fact
that we are in war, ! heard news
paper editor say the other night that
he had secret Information that we
were in war. but he had not been able
TO get it over to his readers yet. And
there is good deal of truth in that.
We have not as yet recognized what
an unsuccessful prosecution of war
would mean We want to wake up to