El Paso herald. (El Paso, Tex.) 1901-1931, 1917-09-10
BEGIN SAVING UP YOUR MONEY
FOR THE NEXT LIBERTY LOAN
H.S

OET ready for the next Liberty loan Its fotaton IS
be announced il October, according TO worG IRON
- the secretary Of the treasury and the campaign VIII
probably 60 days The amount interest rate ETC. VIII
be made public when full details given out in the sec
retTy in October The people Of the couH-
try subscribed generously to the SOSOOOOOOO loan and
they have ovesubsbed every Of treasury cercates
as heavily as they oversubscbed the first Liberty loan
which by about Ss00O0oO00
It is likely that the second Liberty loan viii be tor at
least $1,000 100000 for the cost Of the war IS rapidly
mounting and the leans the allies piling up They
already have exceeded the two billion dollar marx Our
total expense for the first Of the war viii be about
s2OOOOOOO00o which bond issues and treasury certl
oate issues VIII form considerable part Of the revenue
It Is evident now that the loans to the allies VIII consue
very large item in the years disbursements and that fact
has aroused agitation in certain quarters agitation
ularTanted because almost all the money which the allies
psw from us they spend Immediately in this country
people get the profit the transaction. It is as
though we made profit by changing money IRON one
pocket to another
There has been criticism of the treasury department
So far the financial affairs Of the country to have
been conducted prudeny and with much foresight and
economy the condition Of would permit So that
even though the war expenditures seem enormous they are
only made imperative by the great scale
which the IS being conducted. Even then the vast
financial Of this country have been merely
scratched the surface This to be remembered in
necon With the fact that the Of the entire
try, Of every kind and character security for the
bonds which the government issues.
Then prepare for the next Liberty loan It is time for
The person Of small means to begin saving for bond buy
ing Many the entire cost Of $50 500 bead
between and the middle Of October, while nearly
everyone with income can save the amount required for
the first nstament Those Of larger means do not, per
haps need TO to buy bonds but many may need to
make financial arrangements Of other kinds in order to have
cash available when the time comes. The very Tich viii
need such warning The great corporations would gladly
subscribe enough at almost moments notice to the
bond issue order possible Of
their holdings into interest bearing paper backed by the
government and exempt from taxation However It re-
mains the intention Of the government to keep the bond
issue IN the hands of the whole population Of the country
much possible BY encouraging small subscriptions
and pairing down the large ones.
Part Of the French reputation for thrift is asbable to
their eageness long before the war buy government
bonds with their savings; the remainder they kept geld
coin which they poured ont willingly to the governments
aid at the outbreak of the war
The saving Of the English and German people has been
increased many times during the BY their patriotic
desire to lay aside money and aid the governments BY pur
chases Of bonds The bond issues which confront the people
Of this country VII do much to teach the value CT saving
and make thrifty instead Of the most extraYagant
people IN the world Thousands Of families VIII emerge
from this with nice little bundle Of government bonds
Who In all likelihood Would have saved little OF nothing
in the same time if had not come.
The second Liberty loan viii be the second opportunity
aid the government and help competence for
old age.