The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-04-27

In government bonds has bought them,
ana the result IN that N some one offers
Ms bonds, ON the stock market there IN
20 buying power lett aud there IN u HuE
Tho price says II does not sax because
The bond IN not good II does not Hug
because the purpose or determination uf
the American people 10 see this Wut Co %
finish IN reflected IN that decline. II
does NOT Indicate any lack Uf drtrfmi
nation upon the part " America 10
gaffy the war forward II does not in-
dlcato that tho confidence Of the people
IN their government hN been weakened
II merely Indicates, my friends, that the
people Who sell their bonds thoughloHsly
or otherwise, Or unnecessarily In the
market, have offered them NJ q tlmo
when there did not happen 10 ho enough
money llsit 10 buy them, aud that II the
Hluhsr Rate Wouldn't Hslp.
The effect II that whom the bonds
are quoted below par everybody says.
Put up the rate Oi Interest again" no
Increase the rate NJ Interest II only n
palliative You know, every time you
sell great Issue, tho market IL combud
dry IN the Hniue way, ~ far ns invest
inont money In concerned and the
bonds would decline again No matter
what the rate NJ interest In A. con.
sequence, my friends, n the credit ~ the
comes deprecated. and II wc hayo 10
constantly stimulate the credit hy In
cfcasing the rates NJ interest. n iH u
confession 10 HermRny. and II causes
tho kaiser 10 know, what hN believes nf
America that its credit IN weakening.
ana the richest country In the world has
not enough confidence IN itself and N
ilS own government TO support M bonds
nt par
We Really pay Interest
Now, ! want 10 carry that argument u
VT iuIhet hecHuH" ! want the people NJ
America 10 understand this aud I know
mat when they dp understand n. We viii
not nave 10 continue 10 Increase the
rates N Interest suppose YOU put up
The rate again We did put II up this
Time To - percent and I did n with
The utmost reluctance I think II IN a
pathetic thing that tho American peo-
pie have 10 continue 10 raise the rate of
,n,ersat on themselves In order TO sup
port the government In time like this
This quarter Of one percent do you
Know what that means 10 American
people on ten year issue like the pres
ehtf II means that therv must be-
taken out Of tho pockets of the Ameri.
can people 10 pay that increase of IN
lefesti one. quarter NJ one percent on
ll0. 900, 900, 900 OF $3.50 0O0. 900 more Of in
interest charEcs In ten years Now. who
pays thht7 The taxpayers NJ America
Some of you people who think you don't
pay taxes because you oDn't own prop
efty or have large income, are think.
ing entirely mistakenly There IN not
a man. woman or child In America that
does not pay taxes In one form or nm
olheri iaNcs on your Incomes, N they
are large enough. or taxes on the con-
sumption Of things, on the things YOU
eat and the things you wear ! mention
thh because ! want you to understand
mat II you put up The rates Of nterest
on government bonds you are impos-
ing new burden of taxation upon the
mass OF people of the United StAtes
This IL an unlntelliGent thing TO do. and
] know that the AmtrcAn people de-
test unintelllgence move than any other
quality
Americans Understand Economics.
! have been told that must not speak
TO the American people on economies
that the mass OF the people Of tho
united States cannot understand eco
nomcH. Let me say my friends, that
the people Of America do understand
economies They don't understand the
man who cannot explain II lntelllgently
to them. but they can understand
economics II II ls explained To them in
telligently. "A have gone through
the country and spoken on these aus.-
uons | have never failed n get a re-
sponse from an American audience, and
is necessary In this loan TO frankly
discuss these questions with the Amerl-
can people and let them know what Il