The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-04-20
Overtop Germany's Record.


Overtop Germany's Record!
Washington, April 20.-While Amer
lean arms are meeting German forces
on the battle front in France, Ameri-
can liberty loans must match and
overtop Germany's popular war cred
its said review issued today by
national loan headquarters with the
loan campaign half finished.
AS compared with the United States
two war loans, the first for $1,000,
100000 with 100000 subscribers,
and the second for S3,80s, 900, 900
or total of s5,80S, 100000 for the
two, the German people have sub
scribed equivalent of S17,343, 600, 900
in seven loans, the greatest number
of subscribers in any one of which
was 6,76S,000. This was in the sixth
loan floated after more than two
years of war and about one in every
ten of Germany's population bought
bonds. In the United States about
one in eleven subscribed to the second
liberty loan.
For the third loan now being of
fered the treasury hopes to get 90
| 100000 subscribers, and double Ger
| many's best record for wide distribu-
| ton of these government war securi-
| ties.
Wide Distribution Wanted
Have you bought your bonds and
| the headquarters review. Have you
helped to make Americas loans over
| top Germany's? Do you know that a
wide distribution of the bonds results
| in less financial displacement and
| provides better assurance that the
bonds will not be placed upon the
market but will be held by their pur-
| chasers? This is not mere financial
| theory-it is definite fact which you
whoever you are, must help to meet
| with your purchase of liberty bonds.
Germany is four times deeper in
| debt on account of the war than the
United States, says the Liberty Loan
| Review. Yet her population is only
| two thirds as great and her national
wealth is estimated about one-third
that of the United States. AT the end
| of 1917 every man. woman and child
| in Germany bore, on an average. 1878
| Of public debt, while the per capita
/ public debt of the United States is
about SIS.
Look we'll at these figures" says
the headquarters review. land see why
/ it should not be such great task for
| the people of this country within the
next two weeks to oversubscribe this
/ 100000, loan of ours a billion
or two. But to do it will require your
| subscription
Germany's Debt Over 25 Billions.
Germany's national debt last De-
| c6mDeF Was EepOIleO DIS sfVo-OUVs-
/ 600, of which s24,343, 100000 has de-
veloped since the war started The
United States public debt before the
third loan campaign started. was
about s7,758, 100000, of which the
s5.SOS 100000 of the first and second
| loans represent the bulk OF the war
debt.
! 1T is debt we owe ourselves, how
| ever" observes the statement. When
we pay the debt the money will stay in
| the country, it is not like tribute to a
| foreign power. We. the nation. will
pay our debt when these liberty ponds
/ fall due"
Austria's Debt Large. Too.
Austria Hungary's public debt
recently was s19,01S, 100000, of which
ali but s3985, 100000 has grown uI
since the war and most has been raised
| from popular loans
! Americas allies also have had lib
/ erty loans" of their own, and all have
raised proportionately more than the
: people of the United States have beer
called on to. produce Great Britain {
public debt is above S27,736, 900, 900
. Frances s22.227. 100000; Italy's So
/ 676.00O.
/ War has caused the bulk of these
and from the pockets of the people has
! come most of the money to keep the
war machinery going.
New York Has a Third.
New York. April 20.-In the. drive
for seoo,000.o00 for the third liberty
loan the New York federal reserve
district officially reported total sub
scriptions of $3.50. 400, 900 today.
K.U. Goes Over Quota.
Lawrence, Kan, April 20.-Kansa.
| university, with a liberty loan sub
scription of more than $4,000. has
Exceeded its quota by $4,000, it wa.
announced here tonight. The $4,000
! week ago.