Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-06-02
BY Gelett Burgess and H. A. Lamb
of the VigilanteS.

o. Inc N1S1lanteS.
England calls her latest loan Of
five billions the Victory Loan.
Frances latest appeal for money
was christened the National Defense
Loan.
Sixth War Credit is the official
name Of Germany's last bond issue, 1t
her debt is now 100000 900, 900.
The United States have no men
ready TO fight, no arms, nc supplies.
The only thing we can do and must
do Immediately is. while we are pre-
pairing. to give u allies enough
financial support to allow them to re-
plenish their ~fast-ebbing resources.
Congress. therefore, has pledged it
self to come to their rescue by ere
ating a war fund of Seven Billions.
This ts the Liberty Loan.
To get back Of congress and raise
this money as soon and as enthusiast
tically as possible Is now the plain
duty Of every loyal American citizen.
New the American citizen is patri-
otto enough when aroused. but he
doesn't quite understand this preenlp-
tory way of raising money. Nor does
he realize ven the great security Of
the investment. Take his money out
OF the bank and invest in q new
tangled loan project? Not yet; wait a
lay Is dangerous
To the Frenchman the "rentes'' or
government bonds are a familiar in
vestment. Out Of his wooden stocking,
right In through the subscription
window at the post Office his money
goes, just as loon as his crops are
harvested and sold. He has perhaps
four sons at the front-if indeed they
are still alive. He knows that one
tenth OF his native land is overrun
and devastated-and the rest of
France Is only protected by the line
Of soldiers for which his money is
buying shells and cartridges. He has
learned the awful lesson. No need for
him to read the placards in the most
offices to realize that, as they an
nounce:
we are living in a time irving
without precedent; and whatever sac
rifces we endure and must vet SUI
Tor are not to be compared to those
OF the unhappy victims Of the invaded
provinces"
Every loan called for in France has
been speedily over-subscribed.
Engiand's five billions were also
quickly raised. When Lloyd George
SAID that every ten-pound note would
be q more formidable mean of de-
structlon than a thirty-centirneter
shell, and would open a path for a
soldier to pass through to victov
Britons saw that their money would
shorten h war. Checks rained in.
In Germany the argument was sim
a Convert your money into u
boats!" was the cry. Convert It into
barbed wire!" prove to our foes that
Germany's economic strength is un-
weakened, so thai they may lose the
mop OF ever overcoming us"
But Germany's success hardly prov-
90 that. Poor Germany is low annar-
emily nearing the end Of her ESQUIRE
60; German newspapers have care
Iuliy ! comparing the results
~ lnis last war credit with previous
loans. The bulk of the subscrlptions
undoubtedly came from rovernmante
controlled NEUTRALITY-SUSPICIOUS. lite.
corporations and savings banks
Now that is Just what wa do,,.
want-a loan contributed only Nv =
Few rich institutions. Wherefore. an.
pilcauons from banks ana wealth.
corporations are DISCOURAGED u.
ant 2 popular subscription, a losn
WITH q backbone, financed by ;ndi.
v1duais-by many-thousands ali ~
y uae country-endorsing the war
aniryinE public opinion. and solidifv.
inS patriotism The time Will come
~ n onGusn wnen we shall have TO
90 that that human sacriace nav NV ~.
be, a. 1t was In England ana W:Mot
in vain! ~ ffsnoe,
20 much for your patriotism: nov
Ihs investment in the Liberty To-,
Me-a safe - q Rovernmrrt
Rond" Of course; the safest III ~ ns
~ investments. Not until the countr y
sms % ra,nsd that everything sos.
= w;nr- ock bonds. railroads ana
8. UaaksIw1A the Liberty Loan
The German prsss tried 4. -.
veaksn the Anslo-French io.e ~ g
~ yeefs IN attsmptsd Demon 3.