Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1918-10-17
HERE'S THE COST OF
JUST A LITTLE BATTLE
Supplies That Win Battles and
Save Lives of Fighters.

French naval StatiSticianS have care
fully figured out the cost of modest
little naval battle. The sea fight at
Jutland In 1916, when the GERMANS
thought to prove the inferiority of the
British war fleet, supplies plenty of ma
terial for such computations.
The battle in the Skagerak lasted 40
minutes
1t cost England and Germany COM
bined $3OOOO0,00O.
Each minute of fighting cost $685.
666.
We have some new war financing in
the fourth Liberty loan. The United
States wants to borrow enough money
to carry on the fighting. All our prep
aratiOns up to the present time have
been cared for by the first, second and
third loans. The fourth is the "Fight-
ing loan"
The fourth loan may seem large
when stated in terms of billions. The
amount is not large when considered
in terms of fighting. Just to illustrate:
At the rate Of expenditure shown dur
ing the naval battle Of Jutland the
United States wants to borrow on the
fourth Liberty bonds enough to sup
port only Is hours and 40 minutes of
fighting
The question u.s. will you be one of
25,OO0,OO0 loyal Americans to put up"
your ratable share of fighting the Ger
mans for Is hours and 40 minutes?
Will you lend the government your
trivial pro rata?
1t is a small thing to ask. Let's look
into the arithmetic of it.
Your personal share of the
national wealth s., l4O.OO
Your personal share in the ma
tiOnal annual income ..... 74O.OO
That is to say, you get a "dividend''
Of about So per cent on your "pro rata"
Of the national wealth.
You are asked to be one of 25,OOO,OOO
loyal Americans who will consent to
lend about a third of that dividend" to
help fight the German for 16 hours and
40 minutes.
The United States isn't passing
the hat" The United States isn't ask
ing anybody for 'hand-out." No more
is the government asking you to stand
for a touch" Just the reverse of that.
The government asks to borrow one
third of the "velvet" that comes in
to your bank account annually as your
"dividend" from the business opera
tons that are possible only because
the United States protects your life
and property on land and sea. And in
evidence of it's borrowing the govern
ment merely takes the kind of money
you have in your pocket and gives you
another kind of money as security for
the loan.
To make it clearer: The United
States issues "promises-to-pay-on-de-
mand"-withOut interest-and that's
the kind Of money you have in your
purse. When you lend that kind OF
money to the government you receive
as security Liberty bonds, which are
United States promises topay-a t-ma-
turity - with interest. In other
words, you only swap one kind OF
money for another kind that is better
-$4.25 better on each 500.
However, the upshot of the matter
is this:
We are fighting a war-and it is a
real, bona fide war, without any "stage
business or imitation. It is known
Con the authority of President WILSON,
that the war is to a finish-no draw"
"stalemate" or Gle down." 1t may run
into a cost as heavy as $6,666,OOO
minute if it gets to the scale Of the lit
tie battle of Jutland. The United
States must be ready for anything and
everything.
Therefore you and everybody else
must lend the government every free
dollar that has been saved or can be
saved as we 60 along. We must take
all the fourth Liberty bonds that we
possibly can pay for.