Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1918-04-23
LOAN LEADERS
AFTER RECORD
TWENTY MILLION SUBSCRIBERS
Is REAL GOAL IN THIRD
CAMPAIGNS n

Washington. D. c., April %. while
American arms are meeting German
force on the battle front In France,
American Liberty loans must match
and overtop Germany's popular war
credits says review issued today
BY national Liberty Loan campaign.
headquarters. .-ss,
AS compared with the United States
two war loans, the first for 81. O00. 0O0.-
900 with 100000 subscribers, and the
second for $3.8O8, 100000 with {, 500. 900
or more subscribers, or q total Of IS.
808, 100000 for the two, the German
people have subscribed tho equivalent
of 100000 in seven loans, the
greatest number Of subscribers In any
one Of which was 6,76s, 900. This was
In the sixth loan, floated after moro
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. n
WOULD DOUBLE ENEMY RECORD
For the third loan now about half
complete, the treasury hopes to ret
20,000.000 subscribers and double Ger.
many's best record for wide dietrdbu.
ton of these government war securi-
ties.
"Have you bought your bonds and
become one, Of the 10000, DOOR, asks
the headquarters review. Have you
helped to make Americas loans OVER
top Germany's? Do you know that
wide distribution of the bonds results
in less financial displacement and pro.
yides better assurance that the bonds
will not be placed upon the market but
will be held BY their purchasers -
FOUR TO ONE
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 at about one-third
that of the United States. At the end
Of 1917 every man, woman and child
in Germany bore, on an average, S379
of public debt, while the per capita
public debt of the United States il
about SIS. Y,
Germany's national debt last Decem.
Der was reported as SIS, 4OS, 200, 900 Of
which 324,343, 0o0, 900 has developed
since the war started. The United
States public debt before the third
Liberty Loan campaign started was
about $7,758, 100000 Of which the 81.
S0S,O00,000 Of the first and second
loans represents the bulk Of the war
debt.
y ALLIES LOANS ARE BIG
1T is debt we owe ourselves, how.
ever" observes the statement. "Whsng
We pay the debt the money will stay In
the country. 1t isn't like tribute to 1
foreign power"
Austria-Hungary's public debt re.
Gently was $19,018,000,OO0 of which all
but 1895 ,000, 900 has grown up since
the war. 49,
= Americas allies also have had .1iss.
erty loans" Of their own, and all have
raised proportionately more than the
people Of the United States have been
called on to produce. Great Britain.s
public debt Is above $27, $3.50, O0O, 900:
frances, $22,227,0O0, 700; Italy's, So
676 100000. War has caused the bulk
of these.
Chicago and other big industrial
centers today observed Liberty Loan
labor day with parades OF workers
and other patriotic demonstrations.
Many manufacturing plants closed for
part of the day
The fifth state to oversubscribe rs
quota Is North Dakota, which reported
today 60 per cent more subscriptions,
than its allotment Mississippi is with
In per cent OF its quota. )