Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1917-08-18
Reports From. Large. EN-
ployers Show Workers
Took on Large Amount
of First Liberty Loan.
FINANCING THE
NATION IN WAR
Loans and Taxes viii be Raised to
Meet Tremendous Total that Help
For Our Allies and Maintenance
Of Our Armies Will Cost


While it is not possible to give
exact figures either as to the number
of subscribers or the amount of bones
bought, yet reports from many cor
p0rations and firms which are large
employers OF labor show that tie
working men of America were nu-
merous and liberal purchasers in
the initial two billion dollar issue Of
Liberty Bonds.
There can be no doubt that the
working men of America are a class
Of citizens whose patriotism and
ability afford a tremendous market
for government bonds. The safet.
of the Liberty Loan Bonds and their
exemption from all federal state and
local taxation, except inheritance and
estate taxes, constitute them an ideal
investment for the smaller investors
and the labor element OF America
seems to have been quick to appre-
ciate the fact, That they will be
liberal purchasers in the next issue
Of the Liberty Loan Bonds may con
fdentially be relied on.
The working men are willing to
buy literally according to their
means and are able to buy largely in
the aggregate. The assistance given
them by their employers, in many
instances, in the way OF arranging it
80 that they could pay for the bond
by installments out Of their wages
together with similar facilities Of
fered by practically all of the bank
Of the country, greatly aided the
wage earners of the country in their
purchase of Liberty Loan Bonds.
LikeningH the United States to 8
great corporation with more than a
hundred million stock holders am
with capital stock and resources OF
more than two hundred fifty billions
of dollars, and an annual income OF
fifty billions of dollars, each Ameri-
can citizen is a stock holder in this
great corporation, Even those
whose only assets are their earnin5
capacity own shares in our public
domain and property and are work
ing on a profit sharing basis with a
vote and voice in the management
of the corporation and with the right
to acquire more stock at any time.
A Liberty Loan Bond may be
likened to a share of preferred stock
in this gigantic corporation, Lik
preferred stock in other corporations
it may not return, at times, so large
a dividend as common stock, but the
dividend from it is certain and sure.
1t is stock that pays u per cert
dividend but the stock and dividen
cannot be taxed and while crop fai
ures may decrease the farmers divi-
dend from his land some years to less
than nothing, and various causes may
lessen or destroy dividend from Other
sorts of property, the dividend from
the Liberty Loan Bond is certain an
sure, subject to no failure or diminu-
tion
The owner of a Liberty Bond holes
written tangible evidence of being
preferred stock holder in the United.
States, the greatest, the most glori-
Gus, the most honorable and the
most successful corporation in the
world He holds the certificate CT
being a citizen willing to support his
government and to lend money to
his coutry when it needs it and calls
for it.
There is honor in being the owner
Of a Liberty Loan Bond as we'll as
profit
The United States is financing IL
self IN this war BY loans and take
1t obtains funds from the people.
some by taxation and some by tn
sale of bonds, and then it goes into
the markets and buys from the people
what it needs. The people suppl
the government with money and tn e
government with the money buys
from the people what it needs 70
the war.
There are three sources from
which the United States can draw
the sinews of war First is the
fixed property of the nation. This
LCc.r. 4ar.I.,l 4 y