The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1919-04-22

is hoped and expected that by Satur-
Gay night, or sooner, the total quota
for this city will have been sub
scribed. There ought to be no diff
Guilty selling such securities and any
body In st. Petersburg who can get
the money to buy the bonds Is fool
ish not to do SO. from purely BUSH
ness point of view. The Victory bonds
are the best securities that ever were
put on the market. The New York
Sun, which is bitterly fighting the
Wilson administration and the Demo
cratic party, recently published the
following editorial which is severe
roast for Secretary Glass, but Is also
a splendid boost for the. Victory
bonds:
"By just as much as Secretary
Glass Victory note Is a bad security
"a very bad security-for the United
States government to put out, by ex-
actly as much it is good security
a miraculously good security-fcr the
American investor or for any investor
to buy.
ut is bad security for the govern
ment to sell because, paying ga per
cent interest, exempt from the nor
NAL income tax, convertible into a
note paying 33-4 per cent and free
from both normal and super taxes
this Victory note discredits indescrib !.
ably every other bond which the gov
eminent has issued. 1t endangers the
value of every other American secur-
ity in existence. 1t cripples the credit
Of every other borrower in the coun-
try-the individual, the railroad, the
industrial corporation, the municipal
ity. the state. 1t makes the savings
bank return look sick.
1T is for the very reason that II
kills normal financing in all other
fields that the Victory note becomes
security, at whatever sacrifice OF
everything else and at whatever re-.
proach upon the name of the United
States government, which nobody in
his senses can fail to take advantage
of when he has the money or can get
1t to invest in the Victory loan.
"The farmer who can sell his wheat
at 50. 26 bushel and shovel the pro-
ceeds into such an opportunity will
not have to be dragged in by yoke
of oxen. The professional man or
salaried worker or wage Garner who
can shift his savings into it and beat
the savings banks returns by about
20 per cent will jump at the chance
unless he needs a guardian. The rich
man who can drop 100000 into it
and escape income taxes on such q
pretty bit Of pin money will not take
four years, the life Of the note, to
figure out what particularly good
thing 1t is for him. The same thing
is true of the corporation with spare
cash.
Wherever, in fact, there Is inves!
ment money in this country 1t ought
to fall all over itself to get into Sec
rotary Glass Victory note"
1t is freely predicted that the bonds
will sell at a premium before they
/ are issued and that subscriptions for
bonds will be bought by eager invest
crs who have not been able to get as
much as they wanted by filing regular
subscriptions. This may not happen
in st. Petersburg, but it probably
VIII in the big money centers and st
Petersburg investors can profit by it,
Remember that the quota for any
county cannot be exceeded and the
rule of first come first served will
apply Better make your first sub
scription a big one and not wait until
the last minute to get the Victory
notes. st, Petersburg Independent