The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1917-05-21
LIBERTY LOAN
CAMPAIGN FOR PUBLICITY
''REALIZE THE SITUATION"
SAYS JOHN W. Walden.

Without understanding the gray
ity of the situation confronting the
government in the present crisis, it is
easy to take active and conspicuous
parts in patriotic demonstrations
But to conform to the rigors of war
is hard for us to realize. The call
Of the government for subscriptions
for bonds of the Liberty loan is not
met with a ready response because
the people have not vet had it
brought to them that the war is real
ly a serious thing, and it's rigors must
be provided for now. are some of the
things urged upon an assembly Of
the whole student body of the high
school this afternoon i'm an address
by John w. Walden, county commit
teeman appointed by the government
TO awaken interest.
Immediately following the noon
intermission today Prof. May called
the students attention to the gravity
Of the country's situation and need
for money with which to prosecute a
successful war. He introduced John
w. Walden to the audience, am
nouncing that Mr.. Walden would
give them a brief OF the intent, pur-
pose and availability of the latest eff
fort on the part of the government
for raising money.
Mr.. Walden impressed upon his
hearers the fact that there must be
unity of action at the present time.
Our parts are well defined if we take
the trouble to look for them. II is
not only offering our persons as
marks for an enemy's guns-it is
doing with our might what hands
find to do. Some must farm. some
must fight. but all must prosecute
his peculiar form of work with in
tentness, using all due precautions
/ against undue expense.
The loan, Mr.. Walden said, of So
000. 100000. is one of the things we
must attend to. Its failure might be
the failure of the war. He called at
tention to the fact that European ma
tfons. even i'm their impoverished ma
tional condition and depleted treas
uries. are over-subscribing the iona
issues offered. Germany surround
ed with enemies. has issued tour OF
ferings. and all have been oNer-sub-
scrihed. though her national debt IS
already $500 per capita. We, Win
4 national debt Of about $50 q mead
after the assumption Of this obtlsa-
ton. should absorb it readily II
quickly.
running 80 years at 80 per cent.
pavable semi-annually. Bonds VIII
he ready about June IS, in denoml-
nations AS low as $50, n~on-taNahle
for federal or state purposes. Banks
are offering to purchase them Tor m
yestors without charge. II succeed
ing issues of bonds pay a higher
rate of interest. these bonds are de
eIared TO be convertible into those OF
the higher rate. Nothing OF greater
stability or safety for investment can
be conceived of.
Not one dollar Of this loan Is TO
leave the country. Mr.. Walden as
serted Its object is TO lend the
money to our allies in the war. ne
proceeds will be used i'm the purchase
Of supplies for their armies ana
homes. all of which will be obtained
in America. and all of American
manufacture What il amounts 70
i that the people may take their
savings from the bank, purchase
bonds with il. the money be loaned
TO agents of the foreign government,
be used in manufacture, earned again
nv the man who originally drew ms
savings, and again invested.
The government. through Us ma
tional. state and county o~rganlla-
tions. is calling for a greater pubic
itv of this loan. It is conforming 10
this request that Mr.. Walden ad-
dressed the students today. Ihey
are expected to discuss il with their
n~aronts and friends, and thus to have
its understanding permeate the ma
~tional understanding, and eventually
stir the national patriotism from a
condition of mere lip-loyalty TO a real
and sacrificing patriotism.