Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1918-03-21

| must have to win this war; FIRST. men on
| the firing line; second. food. and third.
| money. The first is taken caro- of by the
selective draft as the long arm of the
! government. reaches here and there and
| pIucks the flower of our manhood and
places them In khaki and thence into the
| trenches. TIL. second is taken care Of In
, part by the government and In part BY
the people, with their conservation OF n
| voluntary nature. But the third and
absolutely necessary factor, money. the
slnews of war, has to be furnished hy the
people and by them alone
. The Red Cross, the Y. NJ. c. A.. IT,.
Salvation Army. the knights OF Columbus
and all other war relief agencies have to
he supported by the public through con-
tributions as gifts, pure and sirlple. and
they are supported without thought
! of ever getting a penny back.
! How different are the Liberty Loans to
the government that must. too. be borne
| by the people willingly and without n
murmur! There is the assurance Of the
| entire country that on the date named the
government will return to the holder, with
interest at various rates. according to
+ their issue, the entire value of the loan
certificate which was purchased.
Taking the entire deposits of savings
trust funds and in fact everything in the
! line of money in every single bank in the
United States and there is only s6,0oO.O OO,-
900. That is the entire amount of the
money in the country.
The third Liberty Loan to be loated on
April will probably call for $4,000. 900. 600,
the exact amount Of all the money in the
United States Where is this mammoth
loan to come from? It cannot take all the
| money in the United States and leave
the banks absolutely devoid of any cash
at all.
| Just before the United States entered
the war 1t had O large European trade
and that trade was carried on largely in
gold. When the war broke out the United
States had in it's treasury IS per cent. of
all the gold in the. world, or approximately
g. 000. 00O, 900. "a
Loans made toathe allies since last
April have amounted to 321 900. 600, 900
Before July ! of this year that loan
will have been increased by $4,000. 00O OOO
making a grand total of 10000, 900 900.
From the time of the signing of the
Declaration Of Independence, including
every expense of the government for
Its department maintenance, it's wars
and the building the Panama canal, the
total expenditures was only $29,000,-
100000. and yet in less than one year
we have expended $1,000. 900 more
than that sum, in the first year Of our
participation in the war.
The United States has got the best
security for her loans Of any country
in the world, barring none. If the
United States carries on the war for
Ave years and expends at the rate of a
billion a month. such as it now figures
Its expenses are, that will mean a debt
Of 100000. 100000.
If the thir Liberty Loan bonds were
sold in Australia and the countries OF
South America. on the standing of the
great surety of the United States, we
would have the use Of that extra money
during the war and at the end of the
war. with the development that Is sure
to follow in America. as 1t has in every
other war, it would be easily paid of
The Franco Prussian war in 1870 was
the start of the Germans aggressive
ness and its great rise in the worlds
commercial field In France to-day II
Is the savings Of the thrifty Frenchmen
that is financing the war Tor France.
In the United States 1t is figured that
the annual earnings of the working
class are $4,000. 100000 and that the
smallest savings Of any year ever COM
puted were 5000. 900. the average
being between twelve and fifteen bill
lion. With this savings 1t can easil,
be seen that we can take care of a bill
lion month easily out Of the savings
One-half of the billion month is t,
: be raised from taxation and the othe
half from the sale of Liberty LOAF
bonds. Last year with the entir
amount of the currency of the Unite,
States amounting to about $3,000.OO
900 in circulation, the banking record
. show that business to the amount o
a S272.0O0. 100000 was transacted on tina
Y relatively small amount of currency
The money was turned over and owe
. again.
II In Germany, before the war started
( the per capita debt was heavier than tn
per capita debt of the United States
to-day. She now owes 10000. 900. 900 an
] coupled with the debt of Austria Hun
q gary. amounting to $50 900. .00O. 1t reache
Q an enormous figure. The interest on tina
: amount at six per cent. is 5000, 900. OO(
@ That annual interest on her present deb
I Is Just what was asked for in the sec
q ond Liberty Loan.
Germany Is absolutely against an
3 peace without indemnities and Ian
: grants, as she has lost her colonies an
= her foreign trade and will be bankruI
h unless something is done to assist tn
y treasury. France, Russia and Englan
o are strapped for money and to whom i
germany looking TOT her hhahciai Au III
r mites? To the United States. the riches
IS nation in the world. She has long ha
II covetous eyes OH America and Its rich
l. and It 10 to be up to us to pay II "
,, lose.
I say 1t Is our war and defy anybod
8 to prove 1t otherwise. II the Libert
;. bonds are not bought. the governmcn
u not backed up, the so diers not support
r cd. then you. I. everybody will hand owe
q all to the Kaiser to pay the German wa
debt.
belgium Is ruined. Her people are desti
a tute. most of them without stitch t
Il cover their nakedness. but still she fight
p on. She Is undaunted by even dealt
itself. Let US follow her motto an
In defeat the Kaiser.
n In England for every $500 man earn
j. the government takes $1,000 by taxes I
rs support the war.
r. Let ue back the government OF tn
United States to every dollar we have I
our names. Let us even suffer for $
70 doing. Let US 80 without tia things "