The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1918-10-23
HOLD YOUR BONDS
IF YOU WOULD BE
TRULY PATRIOTIC
cLINGINo TO LIBERTY LOAN &C.
cURlTIEs COMES NEXT IN I'M
PORTANCE TO BUYING.
IT'S GOOD BUSINESS, TOO
Possession OF These United States
Bonds After the War VIII
Be Source Of Pride.


phasizing in the present drive the
value of Liberty Bonds as a perIna-
neqt investment. Second only in i'm
portance to purchasing bonds Is hold
ing on to them. To buy bonds with
the view Of simply fulfilling a patri-
otto obligation, then selling them, Is
poor patriotism and defeats the prfn-
cipal economic benefit which a ma
tional loan Is supposed to effect.
1t can be readily seen by even an
amateur in finance that buying Lib
erty Bonds and shortly afterward sell
ing them is not helping the govern
ment much. The person who buys
your bond secondhand would probably
have purchased one direct. so that
when you dispose Of bond you elimi-
nate a possible subscriber to a new
issue.
The United States government wants
your. money for at least the duration
Of the war, and until the last Of It's
public loans has been made for win
ming complete and final victory. When
the war Is over it matters less what
disposition holders make Of their Sc
curfties. The government then will
not be borrower in the present sense
and it's. bonds viii enter the general
classification of investments.
A subject for Roastlng.
The great mass Of Intelligent citi-
Gems seem. we'll to understand and ap-
probate this feature of the loans. No
doubt of this Is left by the relatively
few transfers of Liberty Bonds in the
open market when the vast size Of the
issues is considered An enormous ma
jority Of holders are clinging to their
bonds. and doubtless will continue to
do 80 indefinitely.
It win be matter of great pride and
something to properly boast Of in
years to come for individuals and fami-
lies to own the original Liberty Bonds
which they acquired during the initial
sales of the several issues. Next to
evidence Of honors won In the field,
there can be no better badge Of true
patriotism and Americanism than
proof. of helping the nation financially
10 win the war.
And In addition to the patriotic fea-
ture the material side Is to be consid-
cred. No parent can beQueath more
substantial and surer inheritance to
,hildren than wealth in government
bonds and no corporation could posi-
bly, have its surplus in an investment
Me-half as good. The temptation may
lrise to sell your bonds, but the part
" sound financial policy and patriot
SIN is to hold them always.
Insurance Companies Buy.
An excellent idea of the value Of
Liberty Loan Bonds as an investment
proposition can be had from the CO
ossal purchases Of the first issues BY
insurance companies and the volume
" applications already made for the
Fourth Loan. The big old-line com
,anies figure heavily as buyers, and
ife companies throughout the country
lave acquired massive holdings.
No class of corporations Is more eau
han life insurance companies. In re
fent years they have. been hedged II
~ rigid laws covering the variety O
ecurities into which reserve funds
nay be placed. The companies hav'
their employ the most expert ans
lagacious bond men. to be had, and thu
Iafety of policy holders depends large
y on these buyers.
In ordinary times bond houses witt
IN issue of miscellaneous bonds t,
lell, whether municipal or corporation
ian get no better endorsement thai
hat they may be purchased by insul
. snce companies. It constitutes sor
J " hall mark Of value and is base
, ipon the well-known caution Of th
lie companies in securing investment
br their funds.
The manner In which life companie
! he country over have taken Libert
Loan Bonds demonstrates what tn
restrained body Of security buyer
hinks of them as investments. Inc
fentally, no better advertisement
,ould be written for a life insuranc
company than one telling policy-holt
FRS that the funds securing their insul