The Bridgeport evening farmer., 1917-12-28
LIBERTY BOND
 LESSONS
By HOWARD STEER Of Hincks Bros. & Co.
LESSON NO. 20

Liberty Bonds are many-sided and can be studied from any different angles. That is one of the best proofs of their real value. It is only the lit tie man or unimportant event whose whole story can be told in a few short sentences. A few days ago we urged you not to sell or trade your Liberty Bonds to the fellow who wants to make you rich in hurry with something which he has for sale. We tried to show you that he was thinking only of himself Then again we advised you not to sell at this time, simply because you can probably get more for your bonds la ter on. But there is a far bigger and more important reason why you should not sell at this time, and one l that you ought to think most serious | ly about before you glibly turn your bond into the market place for sale. It is the same reason that ought to have been in large measure behind your original namely pa l triotism and duty to your country. We remember once upon time see- l ing a happy -go-lucky college Senior Ecome running out of his very last ex- animation in June, to throw his hat up in the air, and shout out joyous | ly, Educated, by gosh!" It was funny, of course! Just as though there were no more responsibility for him, no Ineed of further effort. He had ab- sorbed all knowledge and from then on had only to sit still and let otherS admire and enjoy him, He had pass | ed his last examination and there was nothing more for him to learn.
 Some folks ideas of the beginnings and ends of duty and patriotism are equally queer and would also be quite funny if this were not such a serious time. They need to recall the wise remark of the elderly friend to whom young woman was confiding a pro- posal of marriage which she had re- ceived from a rather undesirable source. "He tells me-" she said, "that l if I marry him will see the end of my troubles ''Yes?" replied the friend, which end?'
 When you bought your Liberty Bond did you think that was the end of your; duty? It was only the begin ming. The rest of your duty, so far | dS LIldL OOIlO CO14OC4lCO, is to keep it until this war is over.
 When the country sold Liberty Bonds she was simply borrowing money from you and me and all the rest of the 100000 and 9,00O,00O people who bought the two issues. She is coming around little later to Dor row some more for the same purpose and again still some more. And what is that purpose? Oh, nothing much l just simply to save the United States of America for all of us so. that we may have a home to make more money in!
 | Don't you see, then, that when you sell your Liberty Bonds to some one else you are simply decreasing that persons purchasing power when the lnext Liberty Loan comes out?
 l You are also decreasing your owr tpurchasing power, for you are going to use that money for some other pur- pose, and won't have it in a lump sun to buy bonds with when the time comes. You may argue that the money I is still in existence in other hands an6 can be used for Liberty Bonds by those other people. But you don't know thai it will be so used, and you do know that so long as you keep your bond your savings gre in that form, leav' I ing the other mans money free ftr lbuy Liberty Bonds if he chooses. I In other words, if you hold on tC your bond and if everybody else hold.
 on to his bond, you force the othel man, who wants Liberty Bonds to bu!
 them from the government and there by divert just so much more of save up money into the cause of winning
 the war.
 Now look at the other side. Sup
 pose you sell and suppose a grea
 many other people do the same thing
 Whenever great many people wan to sell something all at the same tim I one thing always happens-the pric goes down. It doesn't make any diff
 ference what the article is, whether
 is real estate, automobiles, diamonds
 or chewing gum. If there is pressur to sell, the price gives way.
 That is what will happen to Libert
 Bonds if too many people want t sell. In fact, it has already happen
 ed. And the more bonds you an other people sell, the lower the pric will go. That means the next issu
 will have to bear a considerably high
 CT interest rate in order to sell at pal And that in turn means higher taxe
 SC that the government may pay tn interest. And higher taxes mean high 7 CT prices all along the line. How muc
 higher do you want prices of coz
 and meat and potatoes and butter an rent to go? So you see your duty i
 the matter is only another name fo lyour own best welfare.
 Don't you think you had better pla to hold on to your Liberty Bond fo your own sake as well as for you