Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-06-02

tons Of their insecurity. When the
first of the dual loans dropped tenn
porarily to 81. Berlin laughed at its
failure" 1t has since recovered to
IS. A similar loan, giving security
for it's payment. is now at 81. Doesn't
that show the confidence shown in
two great nations crippled by two
years Of war? Our own loan, offered
to the richest country, in the world Is
BILE investment in the world.
Nor need one worry that, later. 9TH
err loans will pay, as they often do, a
higher rate Of interest. The govern
ment will put nc such premium on
the laggard lender. Whatever the in
terest paid on later bonds. the hold
ers Of Liberty Loan bonds will be
guaranteed the privilege Of convert
ing their securities into certificates Of
the new and more remunerative loan.
England has done it; France has done
It, Germany. indeed. has even evolved
a lottery proposition by which GER
tain lucky numbers can exchange so
as to make extra profits of rs per
cent on the investment.
Does 81 per cent interest seem
low? Most savings banks pay that:
put very few pay more, and they Of
FER Infinitely less security. Stocks pay
better. but stocks are not nearly so
safe ordinarily. and now in time Of
war still less so. Nobody knows which
way the cat will jump. Nobody knows,
today, even whether to buy or sell.
inc government, therefore, can at
Iord to play safe, and by making this
1air OFFER for money immensely In
crease It's evenue for appropriations.
And, with our terrifying u~nprepared-
ness. God knows the government
needs all the money it can get to pro-
teci democracy not only abroad but
at home. Thank God that 1t isn't like
Germany, paying out, for interest
a1one, one billion dollars . yeari
now, just as all guesS-Work about
military and naval matters, at the be-
ginning Of the war, proved futile and
lauity. SO all estimates by economists
as to the financial strength Of nations
were wrong. No one had any idea. Of
the Amazing borrowing capacity Of
modern governments,
AND the Germans. who have made
90 many psychological mistakosr
VINO thought Russia too unprepared
10 neip Francs, and France too weak
ano decadent to help hsrself--the
that England would l,shti
The Germans had another ~uess
comins"-and again they guessed
~rong-Amertca did Wake Up-
sc 1t isn't strange that those sane
.uernans are now deriding our loans
NJ france and Italy as mere tips"
aney are openly laughing at our little
war credit OF only seven billions.
wen, perhaps they have some rsa-
son to, this time,
Seven billions seemed, ive years
~ ~ IKE a good deal Of money. But
a. Nd W." a. mas changed all our old
quite easily. We are putting our eco
npmic strength against q MASON only
r.itS one.third a. rich g We are,
thrn. two-thtrds u population ana
,nree times u debt, avon after fhis
loan 10 raised. When YOU consider
~ Ml'hs, nevertheless. Germany has done
MIME inc way Of raising money-twenty
D.allUns-thts bond issue seems pretty
'"; ~. We shall soon eat Il up.
war. ~ NOT going to be an amateur
h',s, once N, We mean business. Big
~ az the b~sllissrsnt nations 10 are
me richest and safest. Il u up g %
% nnanc the struggle Tor tho civtiis-
mo.s wori@ n We shall ueea mepy
eno.e billions after the Nrst ioaI n
."seed. We must at least rival, nj not
Y allies. who up to. nav
M a"ar1sd US by their efforts.
nm nc, most prominent figures in the
into ~ world are puttin9 hvse sums
iiso tne Liberty Loan. You Would fol-
wo,,, s = nst Up On the stock market-
s .os' o,, your Why not follow L now.
wh.r put your hundreds ana Thousands
invs.t ihey have thought It rood to
s,arN u.trarrtch are only thu advance
S,,,n - 10 their ~ ifh. the
EVE Of ths aatlen's espttsl 81 IL tie
nsnas q those q nodofsfS andHmod-
iorf9ness. Il % from ~ mvrisd
pe0pIo o. smAller menns thsf n
coms sy . coR1vet ~ War shopid
will i, y must some-it viii come.
4 y met. yOn and M? SFS /
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