The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1917-06-07

will come directly into the pockets OF
the farmers Of the Nation.
All of the money advanced to our
allies will be expended in the United
States and as they are making all OF
their own munitions practically all OF
the money advanced them will be
spent for products of the farms-for
cotton for clothing and high explo-
sives. wool for clothing and leather for
shoes; but by far the greater part OF
the money loaned our allies will be ex-
pended here for food products.
In a few months the United States
will have under arms 1,2OO,OOO men
and 500, 900 reserves in training; SO IN
cluding the Navy there will be 2,OOO,-
900 men that our Government VIII
feed and clothe. This will make the
United States Government by far the
largest single customer the farmers OF
America have.
The Secretary of the Treasury is
employing such methods in handling
the loan that no community will be de-
nuded of money by reason Of Liberty
Loan Bond purchases. The money wall
be left in local banks and as the Gov
ernment purchases food and supplies
the money raised by the bond issue
will pass back into the pockets of the
people.
The farmers of the country should
subscribe literally to the Liberty Loan
Bonds. They get the safest invest
ment in the world and their money
supplies their best customer the funds
to purchase their products. This IS
political economy the wisdom of which
is plain 10 everyone.
The Worlds Premier Investment
The law authorizing the issue of the
Liberty Loan Bonds of 1917 invests
these bonds with certain advantages
which no other bonds in the world, be
they national, state, municipal or cor
porate, possess and makes them IN
many respects a uniquely desirable IN
vestment.
These bonds are not taxable by the
nation. state, county or city; nor Will
any war tax subsequently levied by
the United States during this war af-
feet them. State, county and city
taxes often amount to as much as
three cents on the dollar; the exemp-
ton from taxation of these bonds
makes them in such cases equivalent
to a 61a per cent investment. An IN
yestment absolutely safe bringing IN
6la per cent is exceptionally desirable.
The holders of these Liberty Loan
Bonds are given the right, should the
United States subsequently during
this war issue bonds bearing higher
rate of interest, to exchange their Lib
erty Loan Bonds at par for similar
bonds bearing the higher rate. Hold
ers of Liberty Loan Bonds are assur-
ed that their investments will not be
impaired in market value by coming IN
competition with later issued bonds OF
the Government bearing higher rate
of interest.
There is yet another quality attach
ing to these bonds which give them
world wide value and character which
no other bonds in the world possess,
and which will not only create the
widest possible market for their sale
when normal times come again but
which will stabilize their value
throughout the world. This is best
expressed by the New York Times:
"One merit Of the Liberty Loan Is
the market which It will have. NO
other bond will have equal value
throughout the nation, or like inter
national value. No other bond can be
bought and sold on universal quota
ton and in leading eenters in any
amounts without spelling the market.