The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-20
The Next Liberty Loan Drive

Confidence is the backbone of the business
structure. Let industry and commerce lose con-
fidence in the continued prosperity of the coun-
try and panic sets in Let credit man lose
confidence in the ability of customer and the
latter is denied an extension of time to meet his
obligations.
Again, confidence is the principle on which
new enterprises are based If capital has confid-
ence in an invention in the development of a
natural resource, or in a new enterprise, 1T
will advance money to boost the project.
Again, if an individual is reliable and honest.
if he begets confidence in the community, he will
have no trouble in borrowing money to build a
home.
So also in national affairs.
Because about nine million citizens had con-
fidence in the government they advanced millions
and millions of dollars for war credits They
over-subscribed the second Liberty loan because
they knew that the bonds were issued by thor
oughly reliable party, abundantly able to pay
both interest and principal.
The confidence of the country in the financial
strength of the United States has increased rath-
er than diminished in the last months. Hitherto
were ignorant of the wealth of our country.
Five years ago would have been amazed if the
government had asked for billions of dollars and
doubted the ability of the country to raise the
money.
But achievement has demonstrated both our
willingness and our ability to buy government
bonds. Our confidence in ourselves has con-
firmed our confidence in our government and be-
gotten determination to back our government
in it's financial campaigns.
We know that our governments bonds are
our bonds.
We are integral parts of the government. 1t
represents u.s. not dynasty. It's officers are Of
ficers because we said they could be officers.
They spending billion dollars month for
war purposes because we say, "spend it,
This feeling that we part of the govern
ment and that the bond issues originate in the
power we give the government, makes us feel
friendly to them and impels us to buy them.
We know that the bonds are as good as the
government ITSELF. If the bonds become value
less, then our government has gone to pieces and
who constitute the government are lost.
If the government cannot redeem the bonds
then the money we have in our pockets is with
out value, for it's purchasing power has become
NIL If the government goes bankrupt, then we
individually financially broke, and all the
money we have invested in securities and lands
or deposited in the banks is of no avail.
A German victory would imperil all classes of
citizens. Farmers will be hit harder than arts
ans because they have investments in land upon
which the Kaiser can readily levy taxes and con-
vert to his The artisan has little real estate
His little home will be of no value to the conquer
or. But rich farm lands, live stock and farming
implements tangible property than can be
grabbed by ruthless foe.
Even now the farmer is suffering from the
German menace Submarines destroying the
ships that carrying the goods which the far
produces. The Treasury Department sees
in ruthless submarine warfare a menace which
the farmer must overcome by buying his share
of Liberty bonds. Much of the money raised by
the bond issues is used for the construction of
ships that carry farm products. A recent bull
letin asks the farmer to think about this:
THE Government is spending in the neighbour