The Bridgeport evening farmer., 1917-05-18
SuBSCRIPTIO TO LIBERTY LOAN IS
 CITIZENS DUTY
Buying War Bonds Same as Paying Taxes Into Your
 Own Pocket.

Own Pocket.
 New York, May 1s-Diferent busi- ness but better business for America during the war was predicted tooay hv Frank A. vanderlip, banker ana p,arnber of the labor committee or the Council of National Defense's advisory commission. In @ prepared state Yaent. MT. Vanderlip said the war VIII call for establishments. but not ioF 6frnunition in volume Of buslness' that times will be better than ever pe- fore. and that the people should De getting ready for top speed proouc- tion that will utilize every energy.
 .srhe sooner the public gets over the Idea that we want business as usuai' ar can have business as usual during thfs great war the better for au' ne safd. ''We want to stop all unneces- sary work and unnecessary expenol- t,ires short off, and concentrate on the immense volume of work which mas xo be done. Business men should get rid of any foolish fears that economy will bring on a general paralysis of industry or trade. .
 .aThere is no danger of not having work for everybody; the trouble IS that there Is more work in sight than can possibly be done, and the ques- ton is whether we shall cut on luxur- ies or necessities. It is absurd unoer these conditions to talk of the danger of unemployment, and to urge that the people shall go on buying what they do not actually need in order to keep labor from unemployment or to main- tain business as usual.
 ssHow is labor to be had to make uniforms unless it is released from making other clothes; how are looms to be had for blankets unless releas- ed from something else; how is steel to be had for ships, tin cans and agr1- cultural implements unless other consumption is curtailed; how are women to be had for offices unless released elsewhere? and, finally, how are we to put s7,o00. 100000 or $S,- <. 000, ,0OO. 900 of purchasing power al the disposal of the government unless we curtail our individual expendt' lures?
 s.The country should immediately awake to the fact that it has great task in hand, and that it cannot carry on a war like this with one hand and continue to do all the business it did before with the -s~.---------z-a=
 ssMost of the argument agains' Economy assumes that the people wht econon1ize will hoard their money Nyhat of course would be foolish. bu lf they lend their savings to the gov ernment it will find its way directl. hack into circulation in providing fo The royernment's needs.
 s@These bond issues will necessitat more taxation in the future than il fhs past, but the person who prac xtces sslf-denial now in order to bu. q bond not only aids the goverpmen but provides an offset to future taxa ton on this account The fndividua who takes his share of the bonds vii pay his taxes into his own pocket
 "Every Community should be closet organized, for subscriptions to ,thes 1onns. Once the habit of saving t bay a bond is established it will nc be abandoned when the war Is ovel but e million new springs of wealt win be developed to help on the ds velopment of industry and the pro eress of society in the future. Parent should buy for their children. an employers should join hands wit Their employees, in the name of a con fnou patriotism and to bring an en to the worlds last great war.
 ~In setting out to raise the first fl .stallment of the $5Jooo. .o00, 900 bor Tissue, it is very important for the pe' pie of this country to understand ju how large the task is and how the must go about 1t. In the first pla' eour situation is quite different fro sEhet of England in that England hs c great amount of capital employs EAbfoad which 1t was to convert ar bring home. We have few holding of foreign securities and there is I other market in which securities e be sold. This is a rich country bI 1ts wealth is in real estate, factorie xalIways, and the machinery of pr aducxion- This properly cannot be pa Into the government treasury, nor cs sn11ney be raised in any general sen by selling property to each other. v see the effect of this in declining s curfty markets. Such efforts depr ciate capital values, disturb con sdence. make people feel poor and
 that way actually make the ta harder.
 "This loan cannot possibly ta3Den up by the mere conversion
 bank funds now idle. The pebI must anticipate their earnings al pledge them fin advance. The Urea ury allows payments upon insta ments, and if these terms do not s, the subscriber's convenience he shou consult a banker of his acouaintant
 The bankers must make up tn, minds to lend freely, and at mode ate interest rate, and ordinary rul should not govern. In the first p1a. loans made with these bonds as c, 1atsraL with marginal payments, " 2 be safe beyond question, and, in t second place, the Federal Reser Banks are at hand to back up t local banks. It is time now to l asade all resolutions and prejudie against rediscounting.
 "On the other hand, no would subscriber has the right, while D, tending to render public servi himself. to throw all of the burd on bank. He should not make subscription without bona fide :! tsution of paying up on it within reasonable time, and he should ma a Dayuuent down D