The Denison review. [volume] (Denison, Iowa) 1867-current, 1918-07-31
FOURTH BOND
ISSUE SOON
Holders Of Liberty Bonds Having Dis.
posed of Same, Expected to Take
Equal Amount and Also Quota
Note Given as Part Payment on Specu.
Iative Stock nj: Recognized as
Liability in Fourth Loan.

At the request of Hon. Robert G.
Wallace, chairman of the fifth district
fourth Liberty loan, we are publishing
this week proclamation against the
practice of persons buying Liberty
bonds and trading them for stock pur-
chased purely as an investment, or for
other speculative purposes, in which
he holds that in all cases where per-
sons have bought Liberty bonds and
have traded them off for this purpose,
no credit shall be given them when 1t
comes to the purchase of bonds on the
fourth Liberty loan drive. This is not
"a new question but one which has
been considered for some time, and
the people of Crawford county have
been warned repeatedly of the danger
of. this practice. Our advice to read
ers of the Review is to give careful
attention to the proclamation of Rob
ert Wallace and to profit by the sug-
gestions he makes.
No misunderstanding Possible.
The fourth Liberty loan, which will
be offered to the public through the
war service council organization in
your county some time in October, will
be for not less than six billion and
possibly eight billion dollars. 1t is
unnecessary for me to call your at
tention to the fact that this Offering
will require the united support and
most generous subscription OF each
citizen in the eleven counties of the
fifth district. To the end that there
may be no misunderstanding on the
part of future subscribers as to what
will be expected of them on this fourth
loan, l desire to present to you the
following information and make Ger.
tain suggestions relative thereto.
Stock Sales.
The state of Iowa is flooded with
schemes to sell stock in every con-
ceivable kind of company. Many Of
these are succeeding and probably
many of them are worthy of honest
consideration as safe investments. We
have discovered, however, that on the
part Of some of these companies there
has been a deliberate attempt made
to sell stock to persons Of German
birth or descent who own Liberty
bonds, offering to take as a part of
the purchase price of said stock, such
Liberty bonds as the purchasers own.
In order that there may be no dis
cussion as to this condition, present
herewith few cases which the bureau
of military affairs has investigated
and the testimony regarding them
was given under oath before proper
witnesses.
A. Citizen of Crawford county,
town of Charter Oak Born in Ger
many. Purchased $500 of Liberty
bonds, under pressure, in the last loan.
Traded them to soliciting salesman on
a purchase of $3125 preferred stock in
a Sioux City company promising 7 per
cent. In this case the purchaser, the
man who introduced the salesman and
the president of the stock company
were all born in Germany.
B. Citizen of Crawford county,
town Of Charter Oak; 20 years old.
Born in Crawford county. Parents
born in Germany. $500 in Liberty
bonds on the three issues. Traded
these in on purchase of $3125 of
stock in Sioux City company. Told
by salesman that he could make 2
per cent by getting rid of his bonds
and that he was not doing anything
against the government by turning
the bonds in.
C. Citizen of Crawford county,
town of Charter Oak; 26 years old.
Glass four in the draft. Has bought
$3.50 worth of Liberty bonds in three
issues. Traded them in on the pur-
chase of $3125 in stock In Sioux
City company on the argument: They
told me l would get full value for my
bonds and big interest" In answer to
the question, "Would you rather buy
$4,000 worth of Liberty bonds or be
put in class one Of tie draft?" he re-
piled, 81 would sooner buy the Liberty
bonds"
d Citizen of Crawford county,
town of Charter Oak; 81 years old.
Born in Germany. Purchased $500
worth of Liberty bonds in three is
sues. Traded them in on purchase
of $3125 stock in a Sioux City COM
pany.
E. Citizen of Crawford county,
town of Charter Oak. 81 years old.
Born in America. Parents born in
Germany. Has purchased $1,000 worth
of Liberty bonds in three issues. Turn
ed in $4,000 of these on purchase of
$6250 worth of stock in Sioux City
company on the argument that he
could turn in his bonds and get 100
cents on the dollar for them and he
figured that he could make 2 per cent
better interest by doing so.
F. Citizen of Crawford county,
town of Charter Oak; q years old.
Born in Germany. Purchased $3.50
worth of Liberty bonds in three is
sues. Traded same in on purchase
of $3125 in stock in a Sioux City COM
pany on the argument that in this way
he could get 100 cents on the dollar
for his Liberty bonds. This mans
to the Red Cross amounts
to $500, to the Y. NJ c. A. $500 and
he has purchased $50 in war savings
stamps.
The above cases are similar to a
great mony others of which l have
in this district, and | ask
that you Immediately call to the atten-
ton Of the war service council of your
county the following facts:
First: That any man who bought
bonds in the first, second and third is