The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1919-04-11
AMERICA S GREAT
WEALTH VIRTUALLY
! UNTOUCHED. IN VI !R}
FINANCIAL AUTHORITIES SAY
MONEY is MORE PLENTIFUL
THAN EVER BEFORE. a.3 d
EXPENSES ARE LEssENING
People Are Firmly Convinced Of the
Value of Liberty Loan Invest
ments.

Financial authorities insist that
money is more plentiful than ever be-
fore. In last December official re-
ports showed the per capita circula-
ton of money in the United States by
far the highest 1t ever had been.
There has been little change in this
respect since that date. Money is still
comparatively plentiful and the pros
poets of a general International read
justment of shipping and OF exchange
rates, coupled with a redistribution
of the worlds foodstuffs is bringing
about new feeling Of confidence in
all business circles.
American resources have hardly
been touched by the demands made
upon them by the war. OF all the ma.
lions in the conflict America has &C.
tually felt the pinch Of war the least.
Its vast stocks of raw materials we're
drawn upon freely through four years
of warfare without impairing them.
It's citizens we're not called upon for
anything like the amount of war
loans, comparatively speaking that
our Allies were forced to meet. The
country is amply able to take up an
other loan without feeling the strain.
War expenses a1t lessening and the
various industries are slowly coming
back to peace basis after a long
period spent under war conditions.
The balance of trade is greatly in the
favor Of this country and there Is a
general disposition to feel that the
worst has been met and successfully
passed.
Our Excessive Exports.
In 1918 American exports exceeded
our imports by $1,000, 100000. Doubt
less this will be reduced somewhat in
the future, but for many long day
Europe and considerable part of the
balance of the world will make Ameri-
ca the buying place for very consid-
cradle part of their necessities.
With these and other positive fig
ures showing the enormous wealth Of
America lbefore him. is there any one
who will insist that this country is un.
able to float another Liberty Loan
II so he is argued down and silenced
by the temper and the disposition OF
the American people who feel that
they have put their shoulders to the
wheel and that they will continue to
shove with all their might until the
work they have undertaken has been
completed.
country has been given over to the
business of war. Every energy and
every industrial plant was directed to.
ward war work, directly or indirectly.
When the armistice was signed the
| wheels Of the vast and intricate ma
chine we're moving so rapidly that
| they could not be stopped over night.
There had to be period of slowing
down the war machine. There was a
time when this great machine stopped
| and was reversed. We are still in the
time of its reversal, in the time when
men are being demobilized, war plants
| are giving way to peace plans, The
machine is backing up now and tear
ing itself to pieces, job that is as
slow and as delicate as setting it up
and starting it going,
Prosperity sured.
Nevertheless 1t is being done with
more speed than at first was thought
possible. The savings banks are full
of money, buyers are beginning to re-
turn to wholesaling centers in their
| old-time numbers and the stocks Of
manufactured articles, made at the
peak of war time conditions, is begin
ming to diminish.
| Then, too, the American people have
been thoroughly convinced of the
value of Liberty Bonds as sound in
| vestment
In the first loan drives the feeling
of patriotism, of rallying to the ma
tional standard with the last man and
the last dollar, smothered most of the
other excellent reasons for buying
Liberty Bonds. In this Fifth Loan.
the Victory ISSUE" the people are
considering the wonderful investment
qualities Of the notes (short-term
bonds)-s They are looking to the ,fu-
ture. to the assured interest. to- the
safe-guarded principal and areabuyiAg
with these points In view.ss.i raa nv
The announcement that this Victory
Loan will be the last Of the Liberty
Loan issues has brought about a real.
| ization that they should be bought
while they may stifl be bad Knowing
that the future vii see these bonds OF
all issues go to q, premium, the In.
vestor who. is. looking for safety as
well as returns. Is anxiously consider
ing just how many Of the notes Of the
Fifth and last issue he will be able to
take.
fflt Pa Finish tho Work s ~
All that you have done before
VIII still be intSmplste