Middlebury register. (Middlebury, Vt.) 1886-1937, 1919-04-18
MEETING AUGURS
WELL FOR.LOAN
CONTINUED from page one }


as a victim of the war, although not
one of those on the fighting front
The coming loan, Mr., Fletcher said,
could properly be characterized as the
Thanksgiving Loan" Mr.. Fletcher
disclosed the fact that he was old
Fashioned enough" to keep a diary, and
upon reference this week to entries
made just a year ago he recalled now
depressing the situation was. He had
entered the news that Messina Ridge
had been taken by the Germans and
Paris was in something OF state OF
panic, 1t was also just about year
ago that Foch was appointed COM
mander-in- chief and that unity OF com
mand was brought about which event
ually spelled victory. But at the bot
tom of all this recovery from what
seemed purely a defensive situation
and at the bottom of the eventual col
lapse of the central empires, was the
successful flotation Of the great loans
in this country that scared the Hun
1--WE have" said Mr.. Fletcher, quotl1
from Chairman Sawyet's recent speech
in Rutland-"We have the victory,
now why not pay for it"
Mr.. Carroll was called upon to pre-
sent the financial aspects OF the Filth
Loan and he declared that the bond
in this campaign would prove one OF
the most remarkable securities that
was ever issued, because OF its short
time. its easier terms, and its advan-
tageous conversion privileges. He pre-
dicted that the entire loan would be
absorbed in three days instead OF
three weeks and that within ten days
more the bonds would be selling "a
bove par
State Chairman Morse, in an add
ress whose patriotism and force was
lust fervent as any that was heard
during the war, declared that Vermont
would be one of the first states in the
Union to finish her job" He referred
to the volunteer organization of those
who have raised Liberty Loans as the
greatest volunteer army in the world,
for it had included over two million
people. thousands of whom had made
real sacrifices in doing their bit at
home
The last Loan, which had been for
six billion dollars, was subscribed up
to seven billion. with 22O00OO sub
scribers representing p per cent of
the. population. There was never in
the worlds history record compar-
able to that But he believed that
bonds of the Victory Loan would be
even more eagerly sought, owing to
the favorable terms. The fact that
there was lethargy toward the present
Loan was in no wise dscouraging to
him, and he answered almost every crit
Cism that anyone at the meeting
could suggest as to the public atti-
tude toward the present campaign.
The fact that the Liberty Bonds of
the previous loans had depreCiated
was of no account whatever They
could depreciate down to one per
cent of par and still not affect the Sc
curity which they represented as an
investment which the Government
would duly pay upon maturity. Their
depreciation was natural according to
the law of supply and demand There
were those who, from necessity, were
led to place their bonds on the market
at a time when they were few who
wanted to take them.
Mr.. Morse described the easy terms
of payment for the coming loan, con-
stituting 10 per cent with the appliCa
ton, another 10 per cent on July 18th,
and 20 per cent installments to be pail
August 18th, September 9th October
4th and November llth, terms which
would permit everyone to invest to
some extent. Chairman SWEET of Mid
dlebury still further pointed out that
the National Bank Of Middlebury
would on this occasion loan money
for the purchase of bonds on far more
favorable terms than had previously
prevailed, and even better than most OF
the banks in Vermont
Mr. Morse went on to tell OF the dis
tribution of thousands upon thous-
ands of helmets which will be used as
prizes in the loan campaign for the sol
icitors doing the best work. At least
one, and in some cases two OF these
helmets will be presented to each OF
the % towns i'll the county. As IS
well known, these gilded specimens of
German headgear are some OF those
which had been stored in great guam
titles at Coblenz in preparation for the
great day when the Huns would goose
step into Paris, and isn't it, asked
Mr.. Morse something to think about
that these parade caps are drifting bac
to the green hills of Vermont"
1t is also proposed to reward solicit
tors with a sort of medal which the
Government is casting from captured
German guns, and Mr.. Morse also told
of the plans for the visit to Addison
County of the Victory train, which is
due to put in an appearance in Middle
bury at s o'clock next Thursday morn
ing remaining there for a period OF
two hours during which the people will
have free opportunity to view large
guns and innumerable specimens OF
military equipment which have been
used in the present war. There will be
five Government speakers and after the
stop here the train will move on to
Vergennes for an hour in that city and
then proceed to Burlington.
M. E. Pastoral Appointments