Mohave County miner and our mineral wealth., 1918-08-17
THE LIBERTY LOANS

The Uhlted states entered the war on April 6, 1917 Eighteen days later by practically unani- nous vote Congress passed the Liberty Loan Bond b
 On May 2 the First Liberty Loan was announced, on May IA the details made public, and on the 18th the campaign began and closed month Iater The issue for $2000 000 900, the bonds bearing 3k per cent interest and running for 15-3O years. The bonds carried the conversion privilege, enttling the holder, if he chOse to convert them into bonds of later issue bearing higher rate of interest. Four and half million subscribers from every section of the country representing every condition, race, and class of citizens, subscribed for more than $3,OOO- 0O0,0O0 of the bonds. Only $2,OOO, 1000 was aot ted.
 The outstanding features of the First Liberty Loan were the promptness with which it arranged and conducted the patriotism and the newspapers, banks corporations, organizations. and people generally in working for it's success and the heavy over-subscrp tion of than 50 per cent Another notable fea- ture that there interruption to the busi- of the country occasoned by the unprecedented demand upon it's money resources.
 The Second Liberty Loan campaign opened October 1, 1917, and closed October 27. The bonds of this issue bear per cent interest and for 1925 years. They carry the conversion privilege. It was announced that 50 per cent of the oversubscripton would be taken. Nine million subscribers subscribed
 
 54 per cent. Only $3,SOS, 766,15O of the bonds aloltted.
 This campaign was marked with the same enthu- sastic support of the public its predecessor. The labor and fraernal organizations especially &C., tive in this campaign, and the women of the country did efficient organized work which greatly contrbut ed 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 April 6, 1918, one year exactly after entrance into the war; and closed on May A. The bonds of this issue bear A per cent interest and for 10 years, are not subject to redemption prior to maturity, and carry no conversion privilege. The loan was an- nounced for $3OOO0OOOOO, but the right was reserv- ed to accept all additional subscriptions. Seventeen million subscribers subscribed for $417OO1965O of the bonds, all of which was allotted.
 great feature of this loan was its wide distribu- tion among the people and throughout the Union and the fact that the country districts promptly and heav-
 lily subscribed to the loan, in a great measure making up their quotas earlier than the cities. Secretary McAdoo pronounced this loan the sOundest of na- tional financing.
 A little over a year ago there was some 3OO,oOO United States bondhoders; there are now somewhere between 2O,OOO,OOO and 25O0O,O0O Awakened pa triotism has made the American people a saving peo- ple. bondb buying people. The effect of the Liberty Loans on the national character our national life, on the individual citizen and our home life is lm- measurable-of incalculable benefit Not less incal- cuable is their effect on the destiny of the world as our ships blow the seas and our men and material in Europe beat back the Hun
 The Fourth Liberty Loan campaign will begn' Saturday, September 2s, and close October ls. NO American doubts it's success; no good American VIII fail to contribute to it's success. The blood of our men fallen in Europa calls to us; our answer must he and will be worthy of them and our country.