The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1917-10-12

selves to make good their obligations.
when similar pledge comes from an
entire nation that pledge is so much
superior that the chances of possible
failure to meet the obligation Is reduced
to practically zero. The second Liberty
Loan is such a governmental obligation;
1t is the obligation of the United States
of the nation, of all the people, pledgins
itself, and themselves through their
chosen representatives at Washington.
President Wilson and Congress itself. to
pay that obligation as per its terms and
on the dates fixed.
To you, therefore. citizen OF the ma
ton, farmer. shop keeper. wage Garner
this pledge means much. 1t means that
in your individual capacity YOU have in
a measure-sman though IT. may be-
agreed that in the future you would
meet the obligation. you would see to It
that that obligation would be fulfilled.
1t means that as you pay your honest
debts as you go along. so will the Unit
ed States pay it's debt. with your help
and the help of millions of others-this
bond debt-when the time to pay comes.
And your neighbor. your friend. your
business associate. your co-worlIsr. all
have assumed the same obligation.
throughout tho forty-eight states, mill
lions of them, and they pay their
just debts. and as yeu pay your debts.
so Uncle Sam will pay this debt.
I propose to go, one step further. I
am going to tell you that if this bond Is
not worth 100 cents on the dollar-and
more-then your money in the bank. or
in your pocket; your home. or your
farm, or your job. or your future exist
ence Is not worth red copper. For this
country itself. as we know it, this Unit
ed States Of America would be wiped
out. Consider the entire wealth Of the
country is put up as collateral for this
loan. That's q great deal more than the
the collateral back Of any greenback
you carry because the money you car
~ is backed Up only partially; by only
so much credit as this country enjoys.
That's all and no more.
Liberty Loan bonds safe2 Why, if
they are not the safest thing on earth,
then your job. your business, your rnrn.
aye. your very life is unsafe. Liberty
Bonds will survive when all else goes.
In investing in them you are
therefore investing not only in the SAT-
est security ever issued, you are invest
ing your money al a rate of interest far
bring.
A farm mortgage returns from b u to
ga per cent. A corporation bond re-
turns say to per cent. The Liberty
Bond viii return to you per cent This
4 per cent. is better than the 6la per
cent mortgage or the per cent corpor-
alton bond You ask why. Mortgage
and corporation bonds are subject to
~ FThaua
absorb near IL per cent Of the annual
interest rate. leaving net behind not to
exceed to per cent. In the case Of
the Liberty Loan there is no tax. unless
we consider the surtax. which cannot
under any circumstances reach a small
investor. because his income is not
reached by the surtax. The 4 per cent
therefore is net. Moreover the chance
of depreciation in the case of corpora
ton bonds or mortgages is about 5000.
That is they Will fluctuate downward
in times of business stress and are Ii
able 10 lose several points in value. Not
so with the government bonds The
fIuctuation Of such securities is so
small as to be insignificant. On the
other hand the chances Of added value
is so great that the probabilities of
their selling higher. when normal days
return. amount practically to a certain
". Such has been the experience in all
the years Of the existence Of this gov
eminent and II is absolutely certain
that such will be the case again. The
Liberty Bond may sell as high as 104
or 105 in the next half dozen years.
This difference between 100. what you
are asked to pay for the bonds now. and
that price will be your profit plus the
per cent interest.
Where then can you make better in
vestment? What security can you pur-
chase that will give you as high a yield
with such security behind? 1 will tell
YOU unhesitatingly that no such other
security exists or has ever existed, Buy
a Liberty Bond then. Go into debt with
vour bank if need be 1t Will force you