The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1919-03-12

or Victory Liberty Loan and the bonds
or notes widely distributed among the
people of the United States is advanc
ed only by those who are misinformed
or who are DESTROYS that this great
loan should not succeed.
1t is absolutely necessary that there
be Fifth Loan, subscribed by the peo-
pie of the country
First: Because by the middle of
April the Treasury Department will
have expended six Billion Dollars, OBJ
tanned from sales of short time certi-
ficates of Indebtedness, which are but
form of anticipating the returns from
bond sales.
Second: Because II the banks sub
scribed the immense amount of money
necessary to be raised they would have
no money left with which to finance
business enterprises, and the CONNER
cial life of the country would be stag
mated.
It will be readily seen from these
two facts, as Secretary Glass has stat
ed. there must be Fifth or Victory
Loan drive, beginning not later than
April 21st, and that the bonds or
notes land it does not matter what
these securities are called) must be dis
tributed among the greatest possible
number of citizens.
America went into war without sell
Ifishness and with high purpose. We
achieved vastly. Germany, dismayed
by our enthusiasm and power, feigned
a knockout, took the count and the
United States flag now flies from the
strongest Hun fortress.
Nevertheless, the heroic job which
we entered so fairheartedly and car
ried on so effectively is yet to be fin
ished. So now we whom prosperity
will consider worthy the name OF pa
triotic Americans must carry on" I'M
til our debts are paid and the suffering
world is rehabilitated.
1t is not conceivable to think that
now whena the disease of autocracy has
been cured the American people are
going to refuse to cheerfully pay the
doctors and the hospital bills.
People who now hesitate about c&'as
tin1inp to give of their time and mon
ey so that America can finish its job
do not stop to consider that had the
war gone on as was expected, Tor
months or possibly for years, we would
have had not one more loan but many,
land we would have sacrificed
the lives of hundreds of thou
sands of boys who are now coming
home to us. When they do consider
these things, they will enter upon the
work necessary to put over the VIC
tory Liberty Loan with true spirit
| of gratefulness, and make the F1ftn
the loan of thankfulness.
A few facts would help to make
clear the Governments need and the
individuals duty:
| Up to November 8, 1913, the war
cost the United States 81, 900, 900 ,OOO
of which we have loaned to our allies
practically $4,000, 100000, and have
tspent ourselves over Sl3,OOO,OOO,
| During the first half of the present
! fiscal year the expenses of the Govern
ment amounted to practically $1,000
900 900 and the estimate of the Sec
Eretary of the Treasury is that the ex.
nenses of the first six months OF 1918
will be approximately $4,000, OOO, OOO
This stupendous sum must be hao
Ito finish the job, and the Size Of it Is
largely accounted for by the necessity
lof the settlement of war contracts
which had to be made, and which II
themselves played an important part
IN the termination of the conflict.
Future expenditures are, of course
nroblematical but it is interesting tc
know that the cost of our military
establishment for the first half of 1915
will be approximately $1,000, DO, OOO
For the same period the navy will re-
ouire an expenditure OF $2,595,UOU,
LOCO. Building of ships under construc-
ltion will take $579, 600, 900 more. Set
Element of contracts will require prac
ticallv $4,000, 100000. The interest OF
the first four Liberty Loan Bonds vii
amount to $3.50 100000. We will loar
500 900 900 more for reconstruction
and there are hundreds Of other items
THAT will require large sums.
All these obligations must be me.
4 The wisdom Of making the expendl
lures must be decided by the me
whom we have chosen to carry on U-.'
business of our Government. 1t Il
mot our business to question their WIS
! dom during crisis. They are acIins
for us and the obligations they maA'
are our obligations. 1t they nave no
been proper ones. there will be a tim'
when we can bring them to account
Until that time arrives, it IS a cas-
of ours not to question why-ours 70 =
out and buy. n
These facts speak for themselves. y
, the people in these wheat-groWin,
: communities IN the Northwest y VI
: undoubtedly be wise to suggest Ina
The Government has promised ana
: taking the necessary legal steps
| Ienable It to pay Billion Dollars. VINO
: 4 = estimated viii be the differenc
! between the market price OF wheat 40
tie guaranteed price Of $2.z6 per Do.