The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1917-10-18
My COUntry-Right or wrong!
II Right to Be Kept Right;
II Wrong to BE Set Right. -Schurz
THE SECOND LIBERTY LOAN.

When a nation finds itself involved
in war there are three elements upon
which it must depend for success and
,victory-man power, resources or
supply power and money or loan
power.
In order to win, nation must
first of all have the men to put in
the field to fight it's battles. These
men must be equipped, clothed, fed
and supplied with arms and ammuni-
ton. The greatest military authority
in the world, Napoleon l. stated that
an army without supplies was a liza
bility instead of an asset. o..
The United States is at war; being
at war, it must win or lose. If it
loses, it must pay the penalty of the
vanquished. Taking into considera-
ton the character, history and record
of the powers with which it is at war,
it is evident that the penalty of defeat
will only be measured by the wealth
of the nation above mere livelihood.
At the present time, the United
State combining the army, the navy,
! the engineers, the aviation corps and
the marines has a military force of
more than million men under arms,
and the man power of the country
has scarcely been drawn upon.
In the warning countries of Europe,
practically every able bodied man be-
TWEEN the ages of Is and as have been
called to the colors,, and if this ma
ton were to make the same draft up
on it's man power, it could place in
the field twelve million men.
The resource supplies of the Europ-
can countries have been taxed to the
utmost to supply their armies. Should
the same resource supply demand be
made on the United States and en-
forced as has been made and met by
Germany, Austria, England, France
and Italy, the United States could
maintain and supply an army three
times as large as all the combined
armies now in the field.
The United States has just now
more food, clothing and metal supplies
than all the rest of the warning world
combined.
There are two ways of raising the
money to provide these supplies, by
direct taxation and by loans.
Under the war revenue bill there
well be raised during the next fiscal
year approximately two billion dol
lars over and above the ordinary
revenues. Fully sixty per cent of
this extra taxation has been levied on
the Injuries of life and unless people
indulge in Injuries they are exempt
from this taxation. Had Congress ex-
erted it's taxation powers to the same
extent as has been done by the
European countries engaged in war,
twelve billion dollars would have been
raised instead of two.
The government has authorized a
loan of five billion dollars at four per
cent. The estimated wealth of the
United States is approximately $685.
OOO,OOO,O00 and the loan called for is
approximately ore and seven-eights
ISA SSAAt VI ClC WEALTH..
Had the loaning power o. this "a.
tion been called -. on to the same 80.
tent as the European countries, the
loan called for would have Leen over
$30,000,000,OOO.
Any person purchasing ono cfs these
bonds has every dollar of his invest
ment backed or secured by S9S.121s
worth of property, which is fair
~ good security.
This loan has been apportioned
among the states, counties, townships
and municipalities of the United
States in proportion to their wealth
The citizens are offered the oppor.
tnnity of purchasing these bonds.
! The value of these bonds as an in.
vestment can be determined by &
comparison of other four per cent
bonds issued by the Unitcc States
The 1877 four per cent bonds s,lt
during a period of "a years at al
average price of $1.1523, the four PEI
cent bonds of 1895, sold duringa =;
Period of % years at an average o
$1.2363. Should holder of one o.
these bonds, no matter what tn,
amount held, be compelled :lnder tn
]. stress of circumstances to dispose o
them he can rank them dollar for dol
lar with accrued interest.
J Every dollar raised by this LOAF
will he spent in the United States an
with the exception Of about INVENT
per cent which will go for ammuni
ton and guns, will be spent for sup
plies raised on the farm or produce
in our factories. These bonds presen
an opportunity never offered before t
the citizens of any nation of contrib
uting to the cause of humanity, r.
ceiving back bond worth more tina
their contribution and getting the
money back for things which the
have to sell, the only instance in til
world where a man can sell his cal
and Also, eat it.
This money is going to be raise
there is no question about that,