The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-08-15
THE FOURTH LIBERTY LOAN.

The fourth liberty loan campaign
will begin Saturday, September rs, and
close October 10. No American doubts
its success; no good American will fail
to contribute to it's success. The blood
CT our men fallen in Europe calls to
us; our answer must be and will be
worthy of them and our country.
A little over a year ago there were
some 100000 United States bondhold-
ers; there are now between 100000
and 25.o00,0o0. Awakened patriotism
has made the American people saw
ing people. a bond-buying people. The
effect of the liberty loans on the ma
ttonal< character, on our national life,
On the individual citizen and on our
home life is immeasurable- meal
culable benefit. Not less incalculable
is their effect on the destiny of the
world as our ships pillow the seas and
our men and material in Europe beat
back the Hun.
The United States entered the war
on April 6. 1917. Eighteen days later
by a practically unanimous vote con-
gress 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 15th the
campaign began and closed one
month later. The issue was for So
| O00,000,000, the bonds bearing-3A per
cent interest and running for 1880
years. Four and a half million sub
scribers subscribed for more than So
| O0O,000,000 of the bonds Only So
oOo.oo0,o0O was allotted.
! The outstanding features of the first
liberty loan were the promptness with
which it was arranged and conducted,
the patriotism of the newspapers,
banks, corporations, organizations and
people generally in working for its
success, and the heavy over-subscrip-
ton of more than SO per cent.
The second liberty loan campaign
opened on October 1, 1917, and closed
on october IT. The bonds of this is
sue bear per cent interest and run
for 1925 years. 1t was announced
that 30 per cent of the oversubscrip-
ton would be taken. Nine million
subscribers subscribed to S4,617.532..
600 of the bonds. an oversubscriptior
Of 81 per cent. Only s3,sOs,
of the bonds were allotted.
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, an6
the women of the country did efficient
organized work which greatly contrib
rted to the success of the loan. The
nen In the army and navy worked fol
and subscribed largely to the loan.
The third liberty loan campaign
opened on April 8, 1918, one year ex
actly after our entrance into the war
and closed on May 4. The bonds O.
this issue bear Az per cent interes
and run for ten years, are not sub
ject to redemption prior to maturity
: and carry no conversion privilege. Thu
loan was announced for 100000,
COO, but the right was reserved to &C
, cept all additional subscriptions. Sew
l enteen million subscribers subscribed
i for s4.17o,o1s,65o of the bonds. all o
: which was allotted.
A great feature of this loan was it
very wide distribution among the PEG
r1e turnout the Union and the fac
that the country districts prompt,
and heavily subscribed to the loan, il
a great measure making up thei
: quotas earlier than the cities.
D
3 The Russian bear has been a Ionl