Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1919-02-19
REAL WHY OF The
5TH LIBERTY LOAN
War is Supposed to be Over, But We
Have Big Army i'm Europe. Less
Than 100000 Sent Home
GET READY NOW
FOR THE APRIL DRIVE
Government Needs Money just as
Badly Now as it Did ON the
Four Previous Loans

shiek county and throughout the
state and nation are soon to be CAL
led upon to support another big
Liberty Loan, the fifth of the series.
These people are asking themselves
and their neighbors why such call
from the government is necessary il
we are through with the war and IL
there is ever to be an end to the call
for money and more money.
The answer is not only easy, but
is plain to everyone who will con-
slider the situation for a moment.
Less than 100000 of the 1000, 900
U. S. soldiers sent to Europe have re-
turned home. The others are still
abroad and must eventually be brot
home. They are coming by the
thounsands every week, but it takes
a great many thousands to make a
million and twice that many to in
clude the number of. patriotic young
Americans who have answered the
call of the government, to say moth
ing of maintaining the immense
Army of Occupation and the U. S.
army environments at home and
abroad. 1t took the biggest part of
two years and four Liberty Loans to
do our part in the big war, and We
will get off easy if another loan and
year of time is found sufficient to
finish the job. ...
Charles H. Schweppe, Federal Re-
serve Director of the Seventh Dis
trict Liberty Loan Organization, Chi
cago has issued the following state
ment regarding the fifth Liberty
Loan, which will be f1oated in the
Spring. Mr.. Schweppe, Judging the
matter in the light of very wide eX-
perience in the investment affairs,
and as Liberty Loan executive in
previous successful campaigns, be-
lieves that the Fifth Loan will be
fioated without difficulty if the pub
lie can be made to understand that
the Government must have large
amount of money to pay the Victory
bills, bring home the conquering
American troops, and clean up the
tremendous job Of saving Freedom
for the world. The official statement
follows:
"The next loan, which think will
be the last, should be called the
Fifth Liberty Loan as the advertis-
ing value of the term Liberty Loan
is great and should not be discarded.
| feel an intensive campaign in the
spring will bring better results in
! the Seventh Federal Reserve Dis
trict than selling bonds over the
counter.
I'm the Seventh District We will
probably use the same organization
as before and I think we can count
on each and every Liberty Loan
worker to help out. When the Fourth
Liberty Loan campaign was over Il
was not right for us to feel that our
jobs were over. The Government OF
our Federal Reserve bank has sent
out word that he wishes us to con-
tinue in office.
81 doubt if the Fifth Liberty Loan
will be as hard to place as some an
ticipate. The money will be used TO
finance the task of bringing ourNmen
home from France and to pay war
bills, and l cannot believe that there
is a single representative of the Lib
erty Loan organization in the Sew
enth District who will not be ready
to do his full share. "
"As to the kind of bond that may
be issued, / feel short term bond
say five years-at high rate of in
terest, exempt only from the normal
income tax, would be more attrac
tive than one with a lower rate OF
interest exempt from all Federal
taxes. Such bond would have more
appeal and should be more popular
81 do not advocate having the
banks throughout the country under
write the next Liberty Loan because
am confident that the method USED
in the previous campaigns can agar
be used, provided the Treasury De
partment puts out bond with at
tractive investment features.
There is a very large army o
Liberty Loan workers in the Seventh
Federal District and L hope TIT
Treasury Department will recogniz
all those people by issuing to then
certificate in appreciation of thei
patriotic work. Such icertificate
would be highly priced by every re
cipient.
people should fully realize tina
the United States is still maintain
; ing a large army of occupation Il
Europe, and during the period or re
construction will have many lars
expenditures to make. We should al
, continue to save what we can in an
ticipation of the next loan and b
prepared to oversubscribe our quots