French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1917-10-11

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l9U1 Tin three years) to 112.
o. a provisions will be explained
at any bank to the larger investor.
Sat1ce it to say here that any pur-
chase by any individual up to So, 900 In
elusive IS exempt from all but estate
and inheritance taxes.
The new issue is therefore particu-
larly favorable to the average man. In
fact, it sets a new record Ia economic
legislation. The 3 1-2 per cent issue
by contrast extended tax exemption
TO surtaxes whereas on the 4 per cents
no large buyer subject to a heavy adj
dltlonal income tax can materially re-
duce his taxes.
Here we should note that bond is
sues. like direct taxes, must some day
DG paid. Our bonds. of course, under
our system of income taxes, will be
54ald for largely by the well-to-do
classes. The poor man, and to a les
ser extent the rich man, gets the BEN
eft of The interest rate on all the
money loaned to the Government; the
well to do assume a large part Of the
burden Of paying the loan.
summarizing the question of taxes,
We may say to the average man (buy-
ing not more than $4,000 that these 4
per cent bonds are free from all taxes
as long as he lives. For him that sim
plest statement is true without qua1if-
cations. We may safely say:
You pay no taxes-that's all. Meth
er national nor local taxes. The as
SCISSOR who comes around to ask about
your personal property has no right to
even ask how many Liberty Bonds you
own. For that is an affair between
you and the National Government"
z. Your Government is by no means
too rich to need the poor mans $50,
for the Government is really no one
but ourselves, simply all of us togeth-
er. We elect men whom we employ
to run the Government.
Our Government Treasury is like a
common pot into which We put our
money from time to time when we need
it to buy something. We keep no
great surplus; for idle money is value
less. So. you see, our Government is
just as erich" as the people; the Gov
eminent purposely keeps its money in
circulation among the people.
What we need-you and / being the
Government-is not a pot full of idle
money, but many thrifty people ready
to turn in Ito lend) theiy money (their
savings) when needed. You can not
raise billions except from the mil
lions.
The money comes back into your own
pockets; nearly all of the money rails
ed on Liberty Loans is being spent in
this country on purchase of foods and
on American wages. Our allies, while
paying the regular interest on the
funds they borrow. are making pur-
chases here.
And the money goes farther, thanks
to, new recordzmaking laws designed
to help the people as a whole: Regula-
ton ofthe prices that we must pay for
coal and other necessities; extreme
reduction Of profits on contracts with
the government; and heavy taxation
of extra profits that business firms
make during war times.
For the government" is Of the peo-
pie. for the people, by the people.
s. Savings, the essence.-The men
who are managing the government are
asking every one of Us to lend $50 OF
. $100-alI that each man or woman car
afford. This loan really means that
] the Government is trying to induce
the American eople to save, SO that
wealth heretofore wasted from day &c
day may be used for national defense
This does not mean stopping business
but stopping waste.
On food alone the Food Administra.
ton tells US we waste seven hundred
million dollars a year, more than -four
times the interest on this Liberty
Bond issue. One of the best ways tc
save for Liberty Bonds is to sign the
food pledge cards which are being cir
culated everywhere (Oct. 81 to 2S).
Germany has been able to hold out
so long because the German people
have the habit of thrift; and it is sale
that a German family can live com
fortably on what an American family
wastes.
All must save; the rich included
But if all our m~illionaires would qui
eating and buying clothes tomorrow
their share in saving wealth for thu
Nation, of course, be infinitesimally
small.
One hundred and tenmiIlion people
saving-that is it!
i Each saving 10 cents e. day means
eleven million a day.
These hundred and ten million PEG
pie. thanks to their savings, will vii
the war.
Although we have a group Of x
; tremely rich men in this country, tlei
total share is less than 5 per -ent o
: the total estimated $3.50, 900 600, 900
national wealth.
! It's the many, many dollars from tn
many. many wage earners,not tn
many dollars from the few million
, aires that build up billions.
o few dollars dOWR.-To- Undue
{ saving and to foster the habit eyer
T opportunity is offered to get .Libert
Bonds on easiest payments. A FEY
/. dollars down buys a bond. Banker
e ! and employers everywhere will az
T range payment terms. Those VIII
q have never been in a bank should b
urged to go to any bank,step right
"in your everyday clothes" Tor it's tn