Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1918-05-16
outside Of the Community.

in contrast with the certain dan
gers and probable disasters of in
flation, with q ten year period OF
business depression and recons-
truction of the wars end. 1t is very
different from the results of a tar
program SO burdensome that the
buying capacity of the families
might be confined to the bare ne
ccssities of life for the period OF
the war, with a certain disruption
of business.
At the end of the war we shall
have fifteen billions of Govern
ment bonds TO pay off--perhaps
more. The Liberty Bonds already
Issued have a maturity of thirty
years. The interest. on these and
a portion of the principal must be
raised every year by taxation. This
would amonnt to about six per
by saving every week, by buying
Government bonds every week
with money direct from pay en-
Nelopes and salary checks, we at
the end of the war, shall be in a
position so strong, SO sound, that
we shall be the one great reservoir
of wealth, of energy and product
ion, in the world.
II The question is often asked: eff
people cease buying unnecessary
things will not hundreds of thou
Sands of workmen be out of en-
ployment?"
The answer is, there can be no
unemployment. Authorities de-
clare that there is needed the
work of four men at home, On the
farm and in factory, to equip and
keep supplied one fighting man at
the front. We have one and one
half million men under arms in
training. We require six million
cent a year, or a little less than
one billion a year for about 81
years. We could pay Off twice this
amount of bonds in this time, and
without strain, from our present
volume of National Business. Two
billion a year raised in taxes is a
very different thing from twelve
billion raised the same way.
But, provided we finance the
Government from Current Income,
men working on Government
needs for u own men alone. The
same authorities estimate that we
must supply the labor of ten mil
lion men to produce the things
our Allies seek to buy from us,
food and supplies they must have,
if they are to hold back the enemy
until we can get our full strength
in the field and turn the tide. Now
this means sixteen million men
who must work on war needs and
nothing else. These, with all our
fighting men. number over seven
teen million men withdrawn from
producing, manufacturing and
selling everyday things. And all
these men will be paid, perhaps
better paid than at their peace
time jobs.
W. have about thirty million OF
Workmen i'm the country. More
than half of them must cease their
peace time pursuits and take up
work on Government needs if we
are to win this war, or even to
make an American effort to win
it,. There need be no fear of m
employment.
The question which the Nation
must decide, and soon, is whether
u saving shall be voluntary or
whether 1T must be made. compus-
sorry. We can increase our saw
lngs to the point which will pro-
vide the needed billions, and do it
too, III a way which will conserve
u resources and not DESTROY
them. Our National income is fifty
billions. Our savings can be in
creased from six billions to nine
teen billions and thereby the
homes of all the Nation strength
enrd and enriched. Our Commerce.
and our Industry can be protected
against the dangers which must
supply follow any course other
than the immediate, voluntary.
ana universal saving on the part
OF all our people.
! The Government has made II
easy for us TO save by issuing War
stamps, little SIS Government
Bonds, with a simple aid to their
accumulation through Thrift
stamps OF twenty five cent denom-
lnailon. Every dollar saved and
invested i'm War Savings Stamps
releases just so much labor and
material for Government use, and
gives the investor the safest Sc
curlty in the world, one that paws
four per cent compound interest.
~ we, as a Nation, will invest
each week, direct from pay enyel-
ope or salary check, every cent we
can spare over the actual needs
OF health and efficiency we shall
WIN TINS war. we shall keen busi.
nASC . np,-l 49,