Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1918-12-19
THE FIFTH LIBERTY LOAN

Charles II. Schweppe, federal re-
serve director of the seventh district
Liberty Loan organization, Chicago,
has issued the following statement
regarding the Fifth Liberty Loan,
which will be foated in the spring.
Mr.. Schweppe judging the matter in
the light Of very wide experience in
the Investment affairs, and as a Lib
erty Loan executive in previous sue
cessfui campaigns, believes that the
Fifth Loan viii be 1oated without
difficulty if the public can be made
TO understand that the government
must have large amounts Of money
TO pay the victory bills, bring the con-
quering American troops, and clean
up the tremendous job of saving free
dom for the world. The official state
ment follows:
THE next loan, which l think will
be the last, should be called the Fifth
Liberty Loan, as the advertising val
ue of the term Liberty Loan is great
and should not he discarded.
feel an intensive campaign in the
spring will bring better results in
the Seventh Federal Reserve district
than selling bonds over the counter.
'In the Seventh district we will
on each and every Liberty Loan
probably use the same organization
as before, and think we can count
worker to help out. When the
Fourth Liberty Loan campaign was
over ii was not right for us to feel
our jobs were over. The governor
OF the Fderal Reserve bank has sent
out word that he wished us to con-
/ tinue in office.
81 doubt if the Fifth Liberty
Loan will be as hard to place as
some anticipate. The money will
be used to finance the task of bring
| ing our men home from France and
to pay war bills, and cannot believe
that there is single representative
of the Libert- Loan organization in
the Seventh district who will not be
ready to do his or her full share.
LAS to the kind of bond that may
| be issued, l feel short term bond
say. five years--at high rate Of
| interest, exempt only from the nor
NAL income tax, would be more at
| tractive than one with a lower rate
of interest exempt from all federal
| taxes. Such bond would have
more appeal and should be more
| popular.
Il do not advocate having the
banks throughout the country under
write the next Liberty Loan because
l am confident that the method used
in the previous campaigns can again
be used, provided the treasury de-
! partment puts out bond with at
| tractive investment features.
There is very large army OF
| Liberty Loan workers in the Seventh
| Federal district. and / hope the
treasury department will recognize
all these people by issuing to them a
certificate in appreciation of their pa
triotic work. Such certificate
would be highly priced by every re-
cipient.
people should fully realize that
the United States is still maintain
ing a large army of occupation in
Europe, and during the period of re-
construction will have many large
expenditures to make We should
| all continue to save what we can in
authorization of the next loan and
rr prepared TO oversubscribe our
quota. | believe the Seventh dis
| trirt had the largest number of sub
scribers of any Federal Reserve dis
| trirt in the fourth loan, numbering
about 1900 900 To continue this
very creditable record will be a dis
tinct feather in our cap. and | believe
the Seventh district can do it.