River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1918-04-11
Our Weekly Letter
From Washington
(By James A. Frear, M. CD

third Liberty Loan was lald |
Thursday night, when Congress and
President Wilson signed the b |
authorizing issuance of additional
bonds at four and one quarter per
cent. Within an hour after h e
President signed the Bond Bill, the
first completed bond of the Third
Liberty Loan came off the press
The Loan campaign which opened
April 6 will continue four weeks
or until May 6. The bill gives
the Secretary of the Treasury
authority to issue $4,000, 900, 600
bonds in addition to the So, 666, 900,
already authorized under former
legislation, raises the interest rate
from to AZ per e n t, authorizes
issuance of as much as $4,000, 000,-
600 certificates Of Indebtedness at
one time, and extends to the Treas
ury the power to loan 81, ,000,-
900 more to the Allies from time to
time. The Bonds will mature in ten
years. Payment in full may be made
with the application on or before
May A, but bonds will not be de-
livered before May 9 on any sub
scription for an amount exceeding
$4,000 Full payment may be COM
pleted upon subscriptions for any
amount on May or any subsequent
installment date. After an initial
payment of five per cent on sub
scription, installments of 20, IS and
40 per cent will be due respectively
on May %, July 18 and August 10.
PAYMENT Of any installment, includ-
ing the first installment of five per
cent, or payment in full, m a y be
made in Treasury certificates of in
debtedness except those maturing
April % an d June rs. When the
last Liberty Bond was offered for
sale, / sent several thousand letters
throughout the District urging our
people to do their bit and Wisconsin
as state, reported the highest per-
centage of over-subscription of any
state in the District which includes
Wisconsin. The subscriptions r e
not a matter of sentiment alone but
if every one will push the move
ment along it will help finance the
war and will be a safe and fair in
vestment to every one. Money is
needed above all things in waging
war and the peoples are doing a great
work and are helping to win the war
at home by subscribing to the loans.
We can't all fight at the front, but
we can do our part and the people
of Wisconsin who contributed so
handsomely to the last loan will give
proof of their loyalty by doing their
full share again.
AS mentioned in previous weekly
letter, furloughs will be granted to
enlisted men to enable them to en-
gage in agriculture during the pre-
sent farming season for the purpose
of augmenting the agricultural pro-
duction. Commanding officers may
grant such furloughs according to
the following rules, whenever it ap-
pears that the granting of such fur
Tough will contribute to the purpose
for which they were intended. But
it is desired to reduce to minimum
the interference thereby created in
b e progress o military training
and preparation. If the furlough
of an enlisted man substantially in
terferes with the training or prepa-
ration Of the organization of which
he is member the application will
be denied, and the reason for denial
will be endorsed upon the applica-
ton. Burroughs granted under this
order will be for S h ort periods,
largely for seeding and harvesting
tine. Such furloughs will not be
granted to enlisted men of or above
the grade of First Sergeant; nor
will they be granted in organiza-
ton that has been ordered or is in
transit from points of mobilization
or training to port of embarka-
ton: and all furloughs granted will
be recalled and the men ordered to
their organization when the latter
have received preparatory orders
for d u ty overseas. Burroughs
granted under this order will be
without pay and allowances except