The Taney County republican. (Forsyth, Mo.) 1895-1992, 1918-08-15
The Liberty Loans

a practically unanimous vote Congress
passed the Liberty Loan Bond bill.
On May Q the first Liberty Loan was
announced, on May II the details were
made public, and on the 18th the cam
paigp began and closed one month
later, The issue was Tor $4,000, 100000
the bonds bearing 1 3 Der cent in.
crest and running for 1880 years. The
bonds carried the conversion privilege.
enIiIlng the holder, if he chose, to
convert them into bonds Of later issue
bearing a higher rate OF interest. Four
and half million subscribers from
every section Of the country, represent.
ing every condition, race, and class Of
citizens subscribed for more than
S3, ,000,000,000 Of the bonds. Only
S2,O0O,0O0,00O was allotted.
The outstanding features Of The First
Liberty Loan were the promptness with
which it was arranged and conducted,
the patriotism Of the newspapers, banks,
corporations, organizations, and people
generally in working for its success, and
the heavy over subscription OF more
than SO per cent. Another notable lea.
ture was that there was no interruption
to the business Of the county occa'
stoned BY the unprecedented demand
upon its mouey resources.
The Second Liberty Loan campaign
opened on October /, 1917 and closed
on October 81. The bonds Of this issue
bear per cent interest and run ior
10 Is years. They carry the conversion
priv iege. 1t was announced that 20
per cent Of the oversubscription would
be taken. Nine million subscribers sub
scribed to $4,6l7,532, 900 Of the bonds
an oversubscripton Of 54 per cent.
Only s3,80S, 766,l2O Of the bonds
we're allotted.
This campaign was marked with the
same enthusiastic support oil the public
as its predecessor. The labor and ira.
ternal organizations we're especially ac-
tive in this campaign, and the women
Of the county did efficient organized
work which greatly contributed to the
success Of the loan, The men in the
Army and Navy worked fer and sub
scribed largely TO the loan.
The Third Liberty Loan campaign
opened April s, 1918, one wear exactly
after our entrance into the war, and
closed on May 4 The bonds Of this
issue bear 4 3 per cent interest
and run for 10 years, are not subject
to redemption prior 10 maturity, and
carry no conversion privilege. The
loan was announced for S3,000,000,.
00C but the right was reserved to ac'
cept all additional subscriptions. Sew.
enteen million subscribers subscribed
for $4,l7O,0l9, ,620 Of the bonds, all
Of which was allotted.
A great feature Of this loan was its
very wide distribution among the people
and throughout the Union and the TACT
that the country districts promptly and
heavily subscribed to the loan, in a
great measure making up their quotas
earlier than the cities. Secretary Nc
Adoo pronounced this loan the sound
est Of national financing.
A little over year ago there were
some 100000 United States bond
holders; there are now somewhere be-
tween 100000 and 2S,OO0,O00.
Awakened patriotism has made the
American people a saving people, a
bond buying people The effect Of the
Liberty LCaua on the national character,
en- our national life, on the individual
citizen and ont home life is immeasur-
able-oi incalculable benefit. Not less
incaiculable is their effect on the des'
tiny Of the world as our ships plow the
seas and our men and material in
Europe beat back the Hun.
The Fourth Liberty Loan campaign
will begin Saturday September %, and
close October lo. No American doubts
its success; no good American will fail
TO contribute TO its success. The blood
Of our men ialler in Europe calls to US;
our answer must be and will be worthy
Of them and Our country.
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