Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1919-01-07
SHOULD NOW
HOLD BONDS
SECRETARY OF TREASURY URGES
PURCHASERS NOT TO DISPOSE
OF UNCLE SANS PAPER
ANOTHER ISSUE OF BONDS SOON
Army Bills Must Be Paid In Peace
the Same As In War

Millions of our people have become
holders of bonds of their government
but some of them seem to feel that
they are under no further obligation
to retain these bonds and they are
selling them and using the money for
unnecessary purposes or exchanging
them for other securities OF doubtful
value. So long as the United States
needs to sell bonds. those who hold
the present issues should not dispose
of them except under the spur of ur
gent necessity. The treasury must
issue another large loan before the
end of the fiscal year and / am entire
ly in accord with the policy already
outlined that this loan should take
the form of bonds of short maturities."
The foregoing, taken from circu-
lar sent out by Carter Glass, the new
secrets airy OF the tra.rrv. who sue
cec6s w. G. McAdoo, not only tells
pc .rle to hold their liberty bonds but
also informs them thai another large
loan is to be floated. lnf)rlnauon is
from reliable sources tn the effect hat
this loan may be expected next spring.
ment, excluding transactions in the
principal public debt, during the cur
rent fiscal year beginning July LIST,
1918, to and including December 16,
1918, exceeded $4,000, 100000 Ex-
penditures in the month of November
nearly equalled $4,000, 900 900, and in
the current month of December, to
and including December 10th, exceeded
81 900, 900 900.
1.-THE proceeds of the fourth liberty
loan so far received have all been
spent, and the remaining installments
payable on subscriptions to that loan
will be needed to meet maturing treas
ury certificates of Indebtedness issued
in anticipation of that loan and as yet
unpaid.
Since the armistice was signed,
Secretary McAdoo has estimated that
the cash outgo from the treasury dur
ing the current fiscal year ending June
30th, 1919, will amount to $4,000, 900,
900, and much more than half of that
amount has already been expended in
the five and a half months which have
elapsed
THE treaty of peace has not yet
been signed, or any important part
of war materials and supplies had
reached the peak at the time the arms
tice was signed and the bills incurred
during ts<H. period of maximum pro-
ductiop. 2yadt be paid.
1T iS,S Jally important that the
treasury %. aid continue in most en-
ergetic ~Sg the sale of war savings
stamps and certificates. Among the
valuable and most needed lessons we
have partly learned from the war is
that of thrift and intelligent expend-
iture.
Thrift helped to win the war ant
will help us to take full advantage Of
a victorious peace. 1t is therefore
imperative that we do not relax into
the old habits of wasteful expenditur,
and imperative that the habits of rea
sonable living (on the part of thos,
of both large and small means) 81
easily acquired during the war period
be continued.
Our men on the other side still
have their work before them and S,
have we. They will not leave unit
the task is fully accomplish, nor shall
we. / am sure then that the treas
ury department can, with confidence
offer another Liberty loan and con
tinue the war savings certificate
knowing that the organizations will
respond once more to the call 70
service and will at once prepare tn
ground and SOW the seed so that tn
harvest may be abundantly fruitful.