Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1919-03-06
keep the LOAN.
| FIRES BURNING,
WORKERS
finnish the Job" Should Be the
Slogan Of Victory Liberty Loan
| Leaders Of Seventh District.
SOLDIERS STICK 10 POSTS
lchalrmen and Their Aids Must Not
Quit Until Al the Governments
War Obligations Have
Been Discharged.

Been Discharged.
4 Returns at the 1--WE state headQuar.
tiers in Chicago show that the county
Ichairmen and other important work
,ers in the Seventh Federal Reserve
district are signing up for the fifth
big lean. They are actuated by the
Same sense of duty. it is reported as
flls the breasts Of the soldiers now
held in France. The soldiers over
there long for home; but they realize
that their work is not done. Garrisons
must be held along the Rhine until
peace has been formally signed and
the terms Of the peace treaty have
been carried out.
In the same way 1t Is generally rec
ognized by chairmen and other work
-ers throughout the Seventh Federal
Reserve district, the men who are re-
| sponshle for the financial part Of the
war. cannot quit until the financial oh
legations are discharged. The big bills
for any undertaking come in irnmedi-
ately after the completion of that
work. 1t would be an irresponsible
business man, it Is conceded on
all hands, who would refuse RESPONSE
bility for that part of his contractors
bills that came in after the driving
of the last nail.
The Fourth Liberty Loan paid off
the then outstanding treasury certlfi-
Gates of Indebtedness and furnished
enough new money to carry the gov
eminent until mid-December. Since
that date the treasury department has
been borrowing from the banks at the
rate of SsOO.OO0000 . week, and by
the time the Victory Loan is offered
will owe nearly six billion dollars. The
Fifth loan money will pay Of these
bank loans and carry the government
until the money raised under the 1918
revenue act begins to come in.
The sudden termination of the war
brought an increase in the day to day
military expenditures. The total for
December passed. for the nrst time,
the two billion mark. The January
total was slightly less but exceeded
any other month except January. Feb
ruary promises to show consider.
able decrease The high daily out.
lays since the end Of lighting have
been due to the liquidation Of the wal
machine. and were unavoidable. There
is still great mass Of contract obli.
3 cations to be cleared away-contracts
entered into by business men for the
AI,nx
would have been absolutely essential
y had the war gone on for q few weeks
or months longer.
Chairmen and workers who happier
: TO hear of anyone who Is declining t.
participate In the next loan have read,
, TO their hands q set of the best pos
|. sible arguments against this sort O
, conduct.
a In the first place the man who re
q fuses to work In the next loan or t,
q buy bonds Of the next Issue can b.
q charged with being q gutter or cow
d ard. Neither is an especially Amerl
r can attribute. AS a nation American
]. nave the reputation Of seeing u thin
]: Ithrough. And the fields Of Franc
proclaim that they are not towards.
But the infreQuent loan worker VIII
Il is saying that he cannot find tim
Il to participate in the Victory drive, q
C does not feel any obligation to do 8
: may be charged with cowardice. IL
g generally recognized where such a
= attitude Is encountered that the ma
fears the ffth loan will not be SUI
cess. The man who II preparing t
+ because he does not want to be ldel
$ titled with failure. The answer /,
h this Is that none Of the 5000 marine
It ! who stopped the victorious Germa
. llmarch on Parts at Chateau Their
y asked to be excused from going I'M
the fight because he expected it
3. be failure. Yet all the foreign mil
$, tary men thought that the American
$, tonld not stop the Germans ut til
@ point.
$. Another argument answers a GOO
IS, deal OF half-hearted comment whit
or maintains that 1t makes no different
10 whether the banks have to take II
Joan. but tHe pusiuess mhu oE
e, wage Garner who thinks that 1t mak
u, no difference to him Is decidedly mi
y, ltuken. II the public does not take d
e, bonds the banks. as everyone know
o. must do SO. Now on December
" 1.-THE national banks Of the country h
% resources of soO,O42 224,0OO. This "
w the first time in the nations histo
" that the total ever got above t
49, twenty-bilion mark.
This enormous banking power sho,
for one thing, that the nation c
- take another six billion loan w
. ease If the organization gets out a
| works. But it also shows someth
| else. The twenty billion. of course,
III lIx-.an4lr mora fhan tho fofal thoA In