El Paso herald. (El Paso, Tex.) 1901-1931, 1919-04-19
CIVILIANS IN LINES OF SUPPORT
MUST co OVER WITH VICTORY LOAN

TIE cmuaign for the Victory loan opens officially Mon
dsv Unofficisy It has been opened already with the
showing Of the governments official war pictures to work
I'D enthusiasm for bond purchases and with the action Of
local stock exchange buying far above par, the
bonds which sH to be issued. They wanted to show
their devotion the nations interests and their willingness
to assist with the governments financial problem by being
the first IN FL Paso to buy Victory loan bonds.
An organization complete those which made win
ners Of the various Liberty loan issues has been formed
throughout the country and the effort VIII be stronger than
any Of the previous campaigns There is plenty of money
the country for bond purchases enough to float the
many times IT is realized that If the present loan IS
undersubscbed It VII be because of failure to drive home
TO the people realization that the did not with
the cessation Of fighting To avert that failure every effort
impress every citizen and every resident of this country
who not citizen, with the imperative nature Of the loan
VIII be eZerted.
As in the case Of the previous loans the verv widest
distribution Of the bonds is desired There should be one
IN every hone If the general public does buy
them, the banks VIII have to and the evils consequent
such action VIII be apparent throughout the country Who
goes bank borrow money VIII find out about II
If the banks could not would not buy the bonds, the
money Wolo nave 20 come out o. me country BY taxation
The individual citizen would have help provide the funds
needed and he would be paid interest.
Make sue that way another, the money to take
care Of troops at home and abroad and bring them
home; to meet the demands OF the navy and the
corps and TO settle contracts VIII be secured The
method the government has devised, that Of bond issue
distributed among the people In such denominations that
rich and poor participate IN their ownership the
geniest method Of money raising imaginable The money
IS not taken away from the individual taxation. It
from his pocket loan and returns with interest
The fixing Of the loan at 5O00O0ooO instead of s6Oo0
100000 as had been expected VIII make the loan easier
float because the last billion so always comes hardest
and in this case the looping of Of the last billion and
half was probably on that account.
While there lack Of money in the country the prob
lem VIII be to convince possible investors first that the
government really needs the money; and second that It viii
be wisely spent It would be easier to float the loan If the
public felt certain that wastefuness and extravagaucs
would not dsate the funds loaned to the government
For although this money is loan and viii back to
the bond buyers they well realize that some time In the
future by taxation otherwise the country viii have to
raise the money to refund the loan The charges IN congress
Of misanagement Of funds in Of the depart
ments which have had huge appropriations at their disposal
are not helpful IN making Of the Victory loan
However the criticisms which have been made are apt to
have salutary effect in the future spirit Of rstrenc-
ent and economy IN public expenditures is abroad and the
departments at Washington know that, with Republican
congress coming into power closer scrutiny than heretofore
VII be given to official acts.
The thought for the individual TO bear in mind that
while the for the in the front lines the
man with the bayonet and the machine gun It is stn 20
ing On Tor the civilians who IN the lines Of support It is
up to them TO all OF US to carry the financial end and
PRIDE nothing else, should make want to make this
Victory loan much Of the Liberty leans