South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-04
SAYS PATRIOTISM
SHOULD EQUAL
THAT OF HUNS
Chicago Banker Says TeutOn
Giving More in Proportion
to Wealth Than u. S.
People at Home.

America. all statements TO the
contrary, is lighting not the Ger
man government alone, but every
citizen OF the German empire. from
the lowiest dishwasher to the
kaiser himself" declared NJ. p.
Trailor. president of the Livestock
National bank of Chicago. to more
than $50 Liberty loan workers. fol-
lowing dinner at the Indiana club
last night To support his point.
he cited figures showing what the
German people are doing with their
war loans.
Wilbur Nesbit OF Chicago. poet
and humorist and director of pub
Lefty in the seventh federal reserve
district for the third Liberty loan.
followed Mr. Traitors talk with the
assertion, A man who looks at
Liberty bonds as purely business
investments, good though they are,
is certainly no patriot"
Burton Haines of Indiana polls.
who will direct the sale OF bonds in
this state, made a short talk, giving
pointers in the sale OF bonds TO
those who will go out to work dur
ing the drive.
Compares America and Germany.
I'VE are fighting every German
citizen" reiterated Mr.. Trailor, in
his speech Then he offered as
proof the fact that Germany has
floated successfully six war loans.
and that 10 the fifth, the last one
of which America has record, there
were more than 100000 sub
scribers. or about eight percent of
the population. He then pointed out
that the United States government
has floated but two loans. and that
to the last there were about 9,00O,-
900 subscribers. or about eight and
one-half percent Of the population
THAT seems like a pretty fair
showing" he went on, until we
look at some other facts. In Ger
many, the national wealth per
capita is in round numbers $1.1OO.
and the debt is about $500. They
have eight percent subscribed In
America, the national wealth runs
about $4,000 per capita, and the ma
tional debt is around SS6 per capita
Here eight and one-half percent OF
the population subscribes" 80
Describes Finance Methods.
The plans used by the different
governments in financing the war
were described by the speaker. 'In
England he explained, they use the
$3.50 system. Half the expense is
raised by taxa ton. and the other
we put on only a reasonable tax,
a tax which will allow industry to
thrive, and make up the rest by
bond issues.
"Contrasted with these two plans,
we have the German system. In
Germany. the tax rate has not been
aised since the war began. There
are two reasons for the fact The
first is that the tax was already
much higher than any we have
known in this country, because they
had such a large army to support.
The other reason is this: Germany
expects to win the war. Then. in
stead of paying her outstanding
bonds by government revenue, as
we expect to do, she expects to col
lect enough indemnity from her en-
emies to settle all war debts.
Will Force Treaties.
Besides that, we have the words
Of German leaders, expressed pub
licly. that Germany will force fav-
ora BILE commercial treaties upon her
defeated foes. which will soon en-
able her 20 regain all the commerce
and trade the war has cost her.
THE side OF that which affects
US is very clear" declared Mr.. Trail
or. Either we buy Liberty bonds,
that is. invest in one of the best
business securities which has been
offered for so years.-Or we pay
tribute in libertyless bondage Eth
or we pay our cost of the war, and
win it, or the Germans will win,
and collect the cost from us.
Shows Value of Securities.
AS for the security behind Lib
erty bonds. I don't think you will
find better anywhere in the world
Americas wealth. at the lowest esti-
mate is $4,000, 900, 900 and it prob
ably runs closer to S25O,OOO. 100000
our annual income-that il. what
we mine. grow and manufacture
is about $4,000, 0OO,O OO. We increase
our wealth that much every year
"Our present debt. first and sec
ond loans. and treasury certificates
OF Indebtedness included. is under
$4,000. 00O.0 SO if we were to put
on an income tax OF 80 percent
such as they have in England every
year-we would he able to pay up
our entire national debt, and have |
$4,000. coo. 600 left over to pay for |
this new loan.
with such security behind them. /
even the flintieSt miser cannot but /
"a gree that Liberty bonds are "A good /
declared Mr. Traitor. /
And remember this he con-
cluded. The boys al the front can't /
60 over the top unless We 60 over
the top here at home"
SEE If YOU CAN