The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-25
:: THE LAST AND BEST WAR LOAN ::
lFrom Inc Christian Science Monitorl

In the world of business a % per
cent discount ON bin Of indebtedness
would be regarded as a generous dis.
count on a bill Of Indebtedness and
the creditor to whom it should be- all
lowed would be likely TO feel satisfaction
and relief exactly i'm proportion to the
fact that whereas he had expected to-
pay given amount of debt be finds
himself actually held for only three
quarters Of IT, In the same way. the
people Of the United States of America
are giving evidence of similar salts
faction and relief as they face today
the opening of subscriptions for their
fifth great war loan. For whereas they
had been led to believe that the amount
required of them as "a means of meet.
ing the war Indebtedness of their goy-
eminent at this time would ba So OO0.
100000, they find themselves actually
held for only three-quarters of this to-
t1L by subscribing $45OO, 600 OOO in the
drive for funds that opens today they
will be doing AN that their government
now asks. Moreover If present eX-
pectations are fulfilled the amount now
subscribed will so SO far i'm covering
the war requirements that no subse.
queut money drives will be necessary
and the Victory loan so called. true to
its name, will be The Jas. of the war
series.
II there were any doubt as to the
success Of this final drive. it would lie
100 the fact that the public has already
gone through four similar campaigns
and may be considered to Doe so thor.
oughly accustomed TO the process OF
stimulating subscriptions as to prove a
bit lethargic, The people Of this country
have shown some readiness. since tine
signing Of the armistce TO accept the
cessation OF the fighting as the end of
the war; 10 q certain extent they have
seemed only too ready to act as if war
and its obligations were already a thing
OF the past and as if the only thing
now seriously demanding attention were
the problems Of reconstruction and the
business Of peace, Yet nobody who un.
derstands this country believes that the
appearances just alluded to are any.
thing more than superficial Without
question the people of the United states
realize that this Victory loan is every
whit as important, every bit as neces-
sary, as the four loans that were sub.
scribed while the war was actually i'm
progress. And if. on the one hand. the
novelty Of loan drives is now lacllinv
as spur to their interest in the matter.
ON the other hand they have a new in.
centve for subscribing to the Victory
loan in the fact that the notes now Of
fered are, from an investment stand.
point, by far the most attractive Sc.
curlty ever put forward by the United
states government
That is to say, first of all, the rate Of
interest return is higher than it was
for any Of the earlier war bonds. Notes
assuredly good proposition for all that
class of people who have been accus.
toned 10 look upon savings bank rate
as about all they can hope TO realize;
and for the investors who have the
means to subscribe for large amounts
there is the option of Victory bonds
bearing interest at the rate Of 3 "a
per cent which shall be free from all
state, local and federal taxes except
those based on estates and inheritance.
In other words, small investors may
profit by the larger rate of interest
without being amenable to anything
more than the estate and inheritance
tax and the normal federal income tax.