The Wisconsin weekly blade. [volume] (Madison, Wis.) 1916-1925, 1919-04-19

The Victory Liberty Loan is to be
tioated from April 2l to May 10.
Secretary of the Treasury Carter
Glass has not announced as vet lust
what terms he will offer on the new
loan, but has stated that he will is
sue securities that will meet money
market conditions at the time the
loan is tioated.
1t is understood in official circles
that MIR. Glass will call for a popu-
lar subscription of $5,000,000, 900,
with the right to accept all over
subscriptions. The new issue of
government securities. Mr. Glass has
stated, will run for term not to
exceed five years. This, he believes,
will keep the market value at par
or better during the life of the loan.
The Victory issue will be in demon
nations of $50, 500 and upwards.
Both coupon and registered bonds
will be issued as hitherto. Mr. Glass
has announced that the coupon
bonds will be ready for distribution
at the opening of the loan drive.
We often hear the remark that
the Victory liberty loan is paying
for a dead horse" that the war is
over, and whats the idea of ask
ing for more money!"
The Victory Liberty loan is not
paying for any dead horse" 1t is
paying for live Americans, your
boys, your neighbor's boys, who, in
stead of battling in the muddy fields
of Flanders and France, are coming
home. Had the war continued, as
our military leaders believed il
would, until the fall of 1919. those
boys would still be blowing on
through the German hordes, paying
for the freedom o. the world with
their life blood.
That sacrifice was not demanded
of us. Why? Because our govern
meut prep@xed toanpih,late the Ger
man armies. Late last fall the Ger
man general staff realized that not
only were the Americans invincible
in the battle line, but they were in
vincible on the home line. They sub
scrbed $7,00e,000, 900 to the Fight
ing Fourth Liberty Loan.
They were working overtime, day
and night, Sundays and holidays,
building great fleets, mighty aerial
armades, droves of tanks. battery
after battery of rifles, howitzers,
and mortars, millions Of rifles. hun
dreds of thousands of machine guns,
millions of gas and high explosive
shells. Most potent Of all was the
knowledge that the American and
British navies had succeeded in pen
ming up the submarine and had thus
opened the sea lanes wide for the
passage of this vast accumulation of
war material to the European battle
front. So the German showed his
"y; ow streak" and quit.
his quit[IR saved thousands upon
tn Ilsands of American lives, to say
nothing Of the lives Of millions Of
our allies. We should have had in
FraHce. by the time the Victory Lib
ertv loan is to be hoated, close to
100000 men almost wholly equip
ped with American guns, alrplanes,
ammunition. clothing and supplies.
w had over 100000 men in France
when the war ended Today most of
those men are hJmeward bound, safe,
because our government spent with
out stint that those khaki-clad war
iors might have every instrument at
hand to crush the Germans during
the coming summer.
With the Secretary Of the Treas
ury, we should issue prayer Of
Thanksgiving that our sacrifices
" re not greater, that the war was
brought to its sudden end by our
great preparations and with him
should prepare to pay our debt in
Cured in that great preparation.