Imperial Valley press., 1919-01-18
C0UNTYQU0TA'
FOR LIBERTY.
WILL Be.
S 1850 0 D D
Delegation Returns From
Loan Conference Held in
Los Angeles to Plan Drive
for Fifth Issue.

Imperial county's quota for the
fifth government loan, to be known
as the "Victory Liberty Loan" will
be in the neigkborhood of $1,250,000.
This is approximately the sans as
the allotment assigned this district
for the Fourth Loan.
This is the estimate made by Coun-
ty Chairman M. O. Kong, who has
lust returned from Los Angeles,
where he attended pre- campaign
conference of the Southern Califor-
MIA Liberty Loan organization. City
Chairman John E. Davis and O. G.
Horne also attended.
'In all probability the Fifth Loan,
which the government says will be
the last, will be for $4,000, 100000 to
$1,000, 100000, and on this basis I'M
perial county's quota will be the
same size as that of the last cam
paign," said Mr.. King.
The Ell Centre delegates were ac-
companied by Mrs. King and Mrs.
Davis. In describing the meeting,
Mr.. King said:
"The meeting was attended by the
county chairmen from the eight
Southern California counties, who
were informed by Director Franklin
that there would be no change in
the organization upon the occasion
of this loan. 1t is expected that the
bonds will be of the same denomina-
ton and will be offered on the same
basis of patriotic necessity plus
probable added attractive features IN
the way of higher rate or tax eXemp-
tions, or both, the nature of which
Director Franklin refused even to
hint. The visitor explained that the
proceeds of the Fourth Loan were
exhausted by December 10, and that
bills were now being paid with bor-
rowed money secured through the Is
sue of treasury certificates and which
will be redeemed by proceeds from
the Fifth Loan.
"'The peak of the war expenditure
is now at hand" said Director Frank
lin. "When the armistice was signed,
we were just reaching the acme OF
production. Germany saw that, and,
in nv opinion, it hastened that coun-
try's desire to sign an armistlce. The
tremendous amount of money neces-
sarv to secure this rapid and speedy
production of war material must now
be taken care of. Although this mon
ev went into tanks airplanes and
munitions that will never be used, it
was the best investment America
ever made. 1t saved the lives OF hun.
dreds Of thousands of the best OF
American lives
"Mr. Franklin made the astound-
ing statement that, had not the war
been suspended when it was. there
would have been, early in 1919, an
American tank for every seventy-five
feet of fighting front, and other
supplies in proportion. This, ne says,
is what really broke down German
morale. In the opinion of Director
Franklin, the loan will be about the
same size as the Fourth Loan. 1t
will be short term loan. probably
five years, and it will be sold by the
same organization and in the same
general way as the Fourth Loan. 1t
is expected the payments will be eX-
tended over longer period of time,
and April was given as the month
in which the loan will be held.
"Chairman Henry S. Mckee OF the
Southern California Liberty Loan
state central organization, in intro
ducing the loan leader, stated:
"sWe commissioned our govern
ment to go out and win this war.
This was done a year sooner than
expected. We know that the gov
ernment was only acting as our
agent. Now we are ready to pay
the bills and l believe that every real
American stands back of his govern
ment 100 per cent at this time. Amer
lea has never yet stepped from be-
hind an obligation, and it will not
do so at this time when we have
every right to be the proudest peo-
pie on earth"