The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-06

/ 10 more appropriate date could
! have been selected for the imitation
Of tho third liberty loan than AprlI
:. tho anniversary OF the entrance or
/ the United States into the world war.
/ And this campaign undoubtedly Will
surpass in energy. scope and effective :
J n ess any previous effort OF the KIND
J Consequently the third loan should
and Will, be a greater success than
, either OF It's pred eceseors, which hard
I w nanwe than scratched our immense
, resources of wealth.
/ The second loan was more success
I ruI than the first because the hrst
/ had educated the people to the neces-
/ sity and advantage Of lending their
/ money to the government. The sec
! ond loan has advertised It's successor
/ hv proving what our vast means are
1 capable Of, ana has set the pace lor
the third loan.
/ Furthermore, be hind this drive VIII
/ be the tremendous motive power or a
nation thoroughly aroused 20 the grim
task before il. During the two pre-
yiofIs campaigns we were only pre-
-,aring for war. Now we are actual lily
N (. although we are just beginning
10 hght In the sturdy, determined
/ American way. But our national tenn
rer is rising with every dispatch from
\ France which tells OF our thin line
! contending hravely and successfull!
with the enemy, whose atrocities ano
bad faith forced us into tho coniiict
So. nfst as there was a rush to the
recruiting stations he dayeaoletashi
recruiting stations on the Gay we
learned OF the sinking of the trans
port Tuscani8, there viii also be inc
greatest patriotic response in our his
80 ~
10 the next government loan. There
were more than 100000 subscribers
10 the second liberty loan: it is rea
sonable to expect that there will he
Al least II. 900 900 subscribers to the
, forthcoming issue of bonds
Tho spirit of the People.
Tho shirt of the people was strik'
inglv attested by noteworthy incl
ident in the Middle West. A confer
ence was held recently in a state "a
nous for its popular authors ana pfac
teal politicians at which It was de-
clded to declare political truco dur
ing the drive for the third liberty
loan,
During this conference Mr.. George
III Dunscomb, of the Federal Reserve
Bank of Chicago, remarked;
This meeting is one which VIII pF
memorable in the history OF the conn-
try because here the Republican and
, Democratic parties have agreed TO dis
rerard al differences, in order that
bv urited efforts they may obtain thf
greatest measure Of cooperation anc
unity In the righteous cause Tor "hIcf
our nation is hghtlnE,
"A AUTHORIZATION Of party aims anc
ambitions at this time Is an expression
Of the highest patriotism and an evi
dence of the loftlest ideals. With tbs
great political parties working as {
unit in the interest OF the liberty loan
lfar-reaching results would be obtained
that otherwise would never be real
ICED"
This attitude will contribute i'm
mensely to the many factors which
VIII lessen the strain 81 the presen
campaign Another important ele
ment Is the strong position of oul
banks. which, OF course, reflects th'
sound financial condition OF the ma
ton.
Our Great IiIuAnciat Strength.
That the United tSatcs is now th'
dominant banking power OF the worlt
IL shown In the annual report OF tn,
com ptrolier OF the currency, presented
10 congress on January so Tit
Icornptroiler estimated tie banking
power Of the country al s57
b2s. 900 900, an increase Of more thar
$4,000, 600, 900, 900. since 1914 Ii
1890 the banking resources of th'
wesid ware computed as being ais,