Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1919-03-06
KEEP The LOAN
FIRES Cunning,
WORKERS!
Finish the Job" Should Be the
Slogan Of Victory Liberty Loan
Leaders of Seventh District.
SOLDIERS STICK TO POSTS
Chairrnen and Their Aids Must Not
Quit Until All the Governments
War Obligations Have
Been Discharged.

Returns at the five state headQuar.
ters In Chicago show that the county
chairmen and other important work.
ers In the Seventh Federal Reserve
district are signing up for the fifth
big loan. They are actuated by the
same sense of duty, 1t IS reported, as
fills the breasts of the soldiers now
held In France, The soldiers over
there long for home; but they realize
MAT their work is not done Garris0nS
must be held along the Rhine until
peace has been formally signed aud
The terms Of the peace treaty have
been carried out.
In the same way It Is generally rec
ognized by chnirmen and other work
ers throughout the Seventh Federal
RESERVE district, the men who are re-
SponsibIe for the financial part Of the
war, cannot quit until the financial OBJ
legations are discharged The big bills
for any undertaking come in immedi-
ateiy after the completion OF that
work. II would be an irresponsible
business man, It Is conceded on
nll hands, who would refuse responsi.
biIity for that part of his contractors
bills that came IN after the driving
of the last nall,
The Fourth Liberty Loan paid off
The then outstanding treasury certifl-
Gates of indebtedness and furnished
enough new money to carry The gov.
eminent until md-December. Since
that date the treasury department has
been borrowing from the banks ut the
rate OF S9000O0,0 900 week, and by
the time the Victory Loan is offered
viii owe nearly six billion dollars The
Fifth loan money viii pay on these
bank loans and carry the government
until the money raised under the 1918
revenue act begins 60 come in.
The sudden termination of the war
brought an increase In tile day 10 day
military expenditures. The total for
December passed, for the first time,
the two billion mark The, January
total was slightly less, but iNceeded
any other month except JanuaIy. Feb
ruary promises to show . tonSider-
able decrease The high daily out
lays since the end OF fighting have
been due to the liquidation Of the war
machine, and were unavoidable There
IS still a great mass of contract oblI-
cations 10 be cleared away contracts
entered Into hy business men for the
rush production Of munitions that
would have been absolutely essential
lmd the war gone on for few weeks
or months longer.
Chairmen and workers who happen
TO hear 0f anyone who is declining 10
participate in the next loan have ready
to their hands set of the best pos
sible arguments against this sort Of
conduct
IN The first place the man who re-
fuses Ca work in the next loan or TO
buy bonds of the next issue can be
charged With being gutter or cow.
ard. Neither is an especially Ameri-
can attribute. As nation Americans
have the reputation of seeing a thing
through. And the fields Of France
proclaim that they are not towards.
Rut the lufreQuent loan worker who
is saying that he cannot find time
to participate in the Victory drive. or
does not feel any obligation to do so
may be charged with cowardlce. 1t Is
generally recognized where such an
attitude is encountered tLat the man
fears the fifth loan will not be Il sue.
cess, The man who Is preparing to
quit now. il is pointed out. Is doing so
because he does not want 10 be idpn.
titled with a failure. The answer TO
this is that none OF the 6,000 murneS
who stopped the victorious German
march ON Paris az Chateau Thierry
asked 70 be- excused from going Into
the fight because he expected &c tn
be q failure, Yet all the foreign mill
tary men thought that the Americans
could not stop the Germans az this
point
Another argument answers n good
deal N halrheurtpd comment which
maintains that 10 makes no difference
whether the banks have to take Jhr
louu But the business man or Che
wage Garner who thinks that ID watr>
uo difference tu him Is decidedly mI>.
toheu II tile public does not take the
bonds the banks as everyone knows
MUST do SO. Now on December 81
the national banks OF the country hud
resources Of S20.o42 224O00. This was
the first time i'm the nations HISTORY
that The total ever got above the
twenty-billion mark.
This enormous banting power shows
for one thing, that the nation can
take another six billion loan wish
ease IL the organization cets out ANA
works Eut it also shows some.hp-
else The twenty billion, of course. 81
greatly more than the total TINT is ar-
tually available Tor credit operations
Il the banks should have 10 tske the
greater part &c he next ltun. aud a.
id this hurdeu the more tAan twD
hilton nov titd Up "a Liberty toans
nd tire aad.tionai trcaSsry certificates