Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1918-08-17
LOANS HAVE Been
QUICKLY TAKEN
People Have Advanced
Honey for War. Fourth
Loan Will be Offered on
September 28th.

The United States entered the wal
on April s, 1917. Eighteen days
later by a practically unanimous
vote Congress passed the Liberty
Loan Bond bill.
On May the First Liberty Loan
was announced, on May IA the de.
tails were made public, and Oh the
18th the campaign began and closed
one month later The issue was fol
So, 100000, 900, the bonds bearing
3R per cent interest and running
for 1880 years. The bonds carried
the conversion privilege, emitting
the holder, If he chose, to convert
them into bonds of later issue bear
ing higher rate of interest. -Four
and a half million subscribers from
every section Of the country, repre-
senting every condition, race and
class of citizens, subscribed for more
than ,0O0,0O0,0OO of the bonds.
Only $4,000, 100000 was allotted.
The outstanding features of the
First Liberty Loan were the prompt
nes with which ii was arranged and
conducted, the patriotism of the
newspapers, banks and corporations,
organizations, and the people gen.
orally in working for its success, and
the heavy .oversubscription of more
than SO per cent Another notable
feature was that there was no inter
ruption to the business of the eoun-
try occasioned by the unprecedented
demand upon its money 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 for 1925 years. They car
Iry the conversion privilege. 1t was
announced that so per cent of the
ioversubscription would be taken.
Nine Million subscribers subscribed
ito $4,617532,00O of the bonds, an
oyersubscription of 54 per cent. Only
I$3, sos, 1855, $50 OF the bonds were al
lotted.
This campaign was marked with
the same enthusiastic support of the
public as its predecessor. The labor
and fraternal organizations were es-
pecially active in this campaign, and
the women of the country did efficient
organized work which greatly con-
tributed to the success of the loan.
The men in the Army and Navy
worked for and subscribed largely to
the loan.
The Third Liberty Loan campaign
opened on April 6, 1918 one year ex-
actly after our entrance into the
war, and closed on May A. The
bonds of this issue bear Az pei
cent interest and run for 10 years,
are not subject to redemption prior
to maturity, and carry no conversion
privilege. The loan was announced
for $4,000, 100000 but the right was
reserved to accept all additional sub
scriptions. Seventeen million sub
scribers subscribed for $4.170, ,019, $50
Of the bonds, all of which was aIlot-
ted.
A great feature of this loan was
its very wide distribution among the
people and throughout the Union and
the fact that the country districts
promptly and heavily subscribed to
the loan, in great measure making
up their quotas earlier than the cities
Secretary McAdoo pronounced this
loan the soundest Of national financ-
ing.
A little over a year ago there was
some 100000 United States bond
holders; there are now somewhere
between 20,000.000 and 25A00, 900.
Awakened patriotism has made the
American people saving people, a
bond-buying people The effect Of
the Liberty Loans on tn national
life, on the individual citizen and our
home life is immeasurable- of meal
culable benefit. Not less incalculable
Is their effect on the destiny of the
world as our new ships plow the seas
and our men and material in Europe
beat back the Hun.
The Fourth Liberty Loan campaign
will begin Saturday, September 28,
and close October 49, No good
American doubts its success; no good
American will fail to contribute to
its success. The blood of our men In
Europe calls to US; our answer must
be and will be worthy Of them and
our country.
r. e. Alexander and w j. Love
went TO Pocatello this morning tc
attend the state farm bureau meet