Five Mile Beach weekly journal., 1918-08-30
Three Successful Liberty Loans
Were Put Over i'm the
United States
Fourth Will Begin Saturday, September ?

The United States entered the war on April g, 1917.
Eighteen days later by a practically unanimous vote
Congress passed the Liberty Loan Bond bill
On May 2 the First Liberty Loan was announced
on May IA the details were made public, and on the 18th
issue was for $4,000, 900, 900, the bonds bearing 31-2
per cent interest and running for 1880 years. The bonds
carried the conversion privilege, emitting the holder, the
chose, to convert them into bonds Of a later issue bearing
a higher rate Of interest Four and a half million sub
scribers from every section of the country representing
every condition, race, and class Of citizens, subscribed for
more than So, 900 1000 900 Of the bonds. Only
S2OOO,OOOOOO was allotted.
The outstanding features of the First Liberty Loan
were the promptness with which 1t was arranged and
conducted, the patriotism c, the newspapers, banks cor
porations, organizations, and people generally IN working
for its success, and the heavy over,subscrption Of more
than fifty per cent Another notable feature was that
there was no interruption to the business OF the country
occasioned by the unprecedented demand upon its
money resources.
tober 1, 1917, and closed October u. The bonds Of this
issue bear 4 per cent interest and run for 1925 years:
They carry the conversion privilege. 1t was announced
that fifty per cent Of the oversubscrlption would be taken;
Nine million subscribers subscribed to $4,617,532,OOO Of
the bonds, an oversubscriptlon Of 81 per cent Only
S3,8O8, 76615O Of the bonds was allotted.
This campaign was marked with the same enthusi-
astic support Of the public as it's predecessor. The labor
and fraternal organizations were especially active in this
campaign, and the women OF the country did efficient
organized work which greatly contributed to the success
Of the loan.
The Third Liberty Loan campaign opened on April
8, 1913, one year exactly after our entrance into the war,
and closed on May 4. The bonds Of this issue bear 414
per cent interest and run for ten years, are not subject to
redemption prior to maturity, and carry no conversion
privilege. The loan was announced for S3.OOO,OOOOOO,
but the right was reserved to accept all additional sub
scriptions. Seventeen million subscribers subscribed for
S417OO1065O Of the bonds, all Of which was allotted.
A great feature of this loan was it,; very wide distribution among the people and
throughout the Union land efat THAT the country districts promptly and heavily SUBJ
srbed to the LOAN in a great measure making up their quotas earlier than the cite.
Secretary McAdoo pronounced this loan the soundea of national financing
A little over a year ago there was some 3O 1000 United States bondhoderS there
are now somewhere between 2oOO0OOO ad IS 100000 Awakened patriotism has made
the American eopka saving people a bondbuyng people The effect of the Liberty
Loanson the rational chaactro on our national life on the individual citizen and our
home life Isl measurable incdcuabe benefit NOtI s nclcuhblei their fleet on
the destiny of the world aso m ships 10 the seas and our men and material in Europe
beat back the Hun.
The Fourth Liberty oanc campaign will begin Saturday September 28, and close
October 49, No American doubts its success no god American will an to contribute to
its success The blood of our men allen mini Europe calls to u.s. our answer must be and
will be worthy of Them and our country.