Pine Bluff daily graphic., 1918-09-04
4TH LIBERTY LOAN
 CAMPAIGN ID OPEN
 0N SEPTEMbER2 28
AMERICAN VICTORIES ON WEsT FRONT ARoUsE ENTHUslAsM
 THROUGHOUT ENTIRE Us.
BUYING BONDS sHoRTENs WAR
Every Dollar invested 10 Backed Up by Entire Resources of Gov. ernment That Never Re-
 pudIated . Debt.

No man or woman "gives" anything by participation in . Liberty Loan. The word give" has nothing to do with buying a government bond.
 When the Fourth Liberty Loan Cam paign opens, Sept. 2S, when the Ameri- Gun people begin to put down their names and lay down their dollars, they will be getting the best security in the world for every dollar invested.
 People have discovered in the three former loans that they are lending money to the government, to their own government. and are not giving it.
 Secretary McAdoo has definitely an. bounced that the Fourth Liberty Loan will bear interest at the rate of 4A per cent. Men who deal in financial matters know that this is . good rate of interest when the value and strength of the security are taken into consideration. Wise lenders always look to the strength of the security first, and then to the amount of re- turns the investment will pay.
 Back of every government bond stands the whole resources of the na. ton. All the coal in the ground backs your $100 or your $500 bond. All the wheat that will grow on the fields of America for . generation is back of the paper the government gives you with Fourth Liberty Loan" across its face. The very soil on which that wheat grows is security for the bond. The whole property of the United States and its people 50 long as the government endures is pledged to the buyer that the bond and its interest will be paid exactly as stipulated.
 The United States has never repudi- ated dollar of its debts. It started right when 1t became a nation. After the. Revolution there were . good many Americans who thought that the debts of that war should be denied and forgotten, 90 that the now nation might have . start free from debt. But the wiser men who framed the government saw into the future. They knew that honesty Is the best policy" for governments as well as men. So they assumed the load of Revolution ary debt and paid 1t off.
 People may give money to certain var work and war funds. but they arc not giving one single dollar 50 far as the Liberty Loan Is concerned. They are loaning money to their govern. ment. which is themselves. and they are supporting 1t with their dollars just as they do with their ballots and their bayonets. And unless that gov. ernment is supported by their dollars 1t will perish from the earth. in spite of all that can be done with ballots and bayonets.
 Modern war requires money in great or sums than were ever known before in the earth's history. When the Unit cd States declared war against Spain Congress voted a credit of $60, 0,000, 900 to back that war declaration. That sum will not pay the present war ex- penses for more than a day. But every dollar that is spent in beating the Kaiser makes the security that is back of every Liberty Loan just that much greater.
 Tho necessity of backing up the government is teaching every Ameri. can to save money. He sees better what money can buy now-hs under stands its value better. since he under stands that his money Is behind tho rifles that arc driving back tho Hun on the west front. He thinks moro of . dollar when he realizes that 1t is dol lars that keep the big battleships on the seas and that 1t Is these same bat tleships that keep the Hun from cross- ing the seq and carrying the war into America.
 No man who buys . Liberty Bond with his savings will feel like . tax dodger. Liberty Bonds are exempt from taxation. Taxes cannot touch it % long q 1t Is loaned to the United States government.
 There is no one in tho country too poor to buy . Liberty Bond. Thou sands of people in c1ties and country arc buying on tho installment plan. paying so much . month or 70 much at stated intervals. In the cities . tre- mendous amount of every loan is taken by people who are paid weekly or seni-monthly.
 The American people are learning to buy bonds as investments as we'll as . patriotic duty.