The record. [volume] (St. Maries, Idaho) 1913-1918, 1917-06-12
WHY YOU SHOULD
BUY A LIBERTY BOND

'NNNA - W A+-' 80 80 we
Patriotism often finds ebullient
and even hysterical expression,
but reduced to real terms it is
matter of the obligation of each
man and woman to contribute
his or her share for the common
good i'm return for the advantages
gained from living i'm a we'll or
dered society.
This obligation naturally eX-
tends to contributing for the
common defense. The contribu-
Zion may be an outright gift I'M
der a general assessment worked
out on some presumably equit-
able basis. Such gifts take the
form of taxes and Voluntary con-
tributiOns to numerous charities
and war organizations. The
other obligation is to lend mon
ey to the government as an or
binary business matter.
Lending money under such cir
cumstances, considered in its re-
lation to individuals, is a practi-
cal application of the thrift idea.
1t is as much a saving as money
deposited in a savings bank. 1t
draws interest at three and one
half per cent; it is a safe invest
ment if the government is stable.
If the government is not stable
then no investment is safe and
property rights as we'll as prop
erty values vanish, as personal
safety and the right to the pur-
salt of happiness must disappear
also. There is no better in
vestmenl than government bonds.
Investment in them is the duty
of those who cannot enter the
army or the navy and is the dis
charge of a similar obligation,
although it is not regarded as
heroic.
To secure two billions the
government must receive an
average subscription of $1,000
from each of two million per-
sons. But the average will be
much below that. If there are
= 16ss than five million subscribers
~ the first bond issue, it will be
failure as a test of patriotism
But if five million persons sub
scribe The average of the sub
scriptions will be $500. 1t is
obvious, therefore, that a gooC
many thousands of people mus
buy the bonds in the small de-
nomination of $50 and 500.
The small amounts shoulC
come out of the current saving.
If the loan is to attain the grea
success. Past savings, evi.
denced by credit accounts in saw
ings banks, should be used onl,
to a limited extent or, preferably
not at all. The funds of saving
banks, i'm banking parlance, ar
not liquid. They are in the form
of bonds of various kinds and s.
compose a large part of the fixe
capital of the country. EXten
sive demands on the saving
banks would force The liquidatio
of these securities and so dis
locate the bond market and, @
course, the money market. Tn
loan, is, therefore, to be sub
scribed for out of current an
future savings.
II is more than likely that bus
mess will be very good if tn
loan is popularity subscribed. Th
factories and mills will be bus
on all sorts of orders from til
government. There is a shortae
of all kinds of supplies. LabC
will be freely employed and I'll
demand for it is likely to be on
partly satisfied. The people WI
should subscribe to the loan wi
therefore. have the funds vii
which to meet the payments. 81
il is great deal of money tn
is wanted. 1t is $40 for eve
man, woman and child in Il
United States. That means ST.
for each family. And that mea
that hundreds of families wi
will respond to the demand W
have to add some economy
that now practiced. They wou
not have to put a new econol
into operation for the loss I'll
would attend the making Of
gift. They will have TO put a n
economy into operation for
gain that will attend the saw
The amount subscribed to
bond issue. They will have
put a NV economy into opel
ton for the gain that will attic