The Elk Mountain pilot., 1919-04-03
TINE VICTORY LOAN .
COMMITTEE MEETING

Four representatives of the Gun
nison County Mems Victory Liberty
Loan Committee and one representa-
tive of the women's committee at
tended a conference Of workers OF
the sixteenth. district, composed OF
Montrose, Gunnison, San Miguel, Ou-
ray, and Hinsdale, held at Montrose
on Tuesday of this week. The state
chairman, S. D. Nicholson, state Sec
retary, H. L. Morgan, and the state
publicity manager, Alva A. Swain,
were present, and discussed with the
workers the problems and conditions
of this district. Jim Goodheart, of
Denver, was present and gave some
very interesting addresses on the
work of our boys "over there" Jim
has been there as a soldier and knew
what he was talking about.
After the meeting Tuesday evening
the local workers were royalty enter
tanned at banquet given by the
Montrose people.
S. D. Nicholson, the state chair
man, is putting all of his enthusiasm
and energy into the work. In his
talk to the workers he showed the
reasons why the American people
should get behind this loan with all
of the "punch" that characterized
the support of the loans during the
war. As to further details of the
loan he said that the amount Of the
loan and the interest rate would be
given out on the 18th of April. 1t
is hoped that the amount OF the loan
will not exceed $5,O00,0 100000, al
though it may run as high as $6,OOO,-
OOO, 900. The terms of payment have
been determined. and under these
terms, the bond purchaser will be
given twice as long to pay for his
bond than was the case on the other
loans. These payments will extend
over a period of six months. the last
payment being made in November.
No payment will be made in June.
Ten per cent will be the amount of
the initial payment.
In commenting upon the ability OF
the people to take the bonds Mr.
Nicholson pointed out that in the
entire sixteenth district the bank de-
posits are as high as they were at
this time last year. In addition to
that the people Of the district have
absorbed during the past year over
million dollars in Government
bonds. He then showed that, even
though there had been much COM
ment on high taxation, we were after
all the most favored nation on the
face of the earth, in the way Of tax
alton. Statistics compiled in New
York for the purpose Of comparing
the burden Of taxation at this time
with that carried by people Of other
nations show that each average
American citizen must work fifteen
days out Of the year in order to pay
his taxes; the Englishman must work
for his government eighty-four days;
the German ninety days and this
docs not include war indemnities
which will be imposed upon Germany;
and the Frenchman must give 1O4
days of his time to his government.
The average Frenchman after four
years of the most cruel war and with
large proportion of his fair land
ravaged by the Hun must give up
lO4. days of his time during the year
in order to meet his tax obligations
to his government, whereas the aver
age American citizen is compelled to
give up only fifteen days. The speak
er said that in these days when our
| obligations to our government seem
hard, we must not forget that we
are Just closing the greatest war in
historv. and that we are only paying
the bills which were incurred in or
der to conduct that war in the way
which was demanded by the Ameri-
can people.
Mr.. Swain and Mr.. Morgan dis
cussed many of the details Of the
campaign.
Mr.. Morgan said that we should
approach the loan with joy and
thanksgiving. Had the war lasted
Throughout another summer, rs our
military experts believed it would,
hundreds Of thousands of Americans
would lie "In Flanders Fields" and
many billion more of American dol
lars would have been spent in crush
ing the Huns. Therefore, it is with
spirit of. thanksgiving that we were
spared from spending these hundreds
of thousands Of American lives, and
billions of American money, and that
our allies have not been forced to
expend an even greater sum in life
and material, we should approach
the Victory Loan. The Secretary of