South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-05-03
W. T.. MILLER.
Chairman of Victory loan.

township, stated to The News-Times
that he expected the over subscrip-
ton to amount TO $4,000 before
evening. He issued the following
statement during the morning.
Mishawaka and Penn township
have again proven their patriotism
and good business judgment by sub
scribing more than their quota for
Victory Liberty loan bonds.
There are some people in the city
and township well able TO buy who
have not bought a dollars worth of
these bonds 1t seems TO me that
their reputation as shrewd business
men has failed them at this time.
Many of them have in times past
been keen to buy bonds that would
net them 4 percent tax free, but
at this time they cannot even see
a 4% percent tax free bond. The
only way / can figure it out is that
they are afraid the bonds will de-
cline which is very poor reasoning.
1t may be possible that these bonds
Will go a little below par but I do
not believe very much. but even if
they do they have but four years
TO run and the chances are that
everybody will live TO their maturi-
" at which time they will be worth
par or more.
An analysis of the purchases Of
bonds speaks well for the employees
of AIishawaka factories as il shows
that they are alive TO good invest
ments and have learned the lesson
of thrift. 1t argues well for the
future OF the city. The employers
are also to be congratulated upon
the stand they have taken TO en-
courage their employees by duplicat-
ing the employees subscriptions.
To the merchants and business
men who have bought bonds as they
should credit is due, not only for
their patriotism and business fore
sight in buying these bonds but for
their faith in the future of the city
Suggests "A Boycott.
How those OF the merchants and
/ business men who have not bought
can look their fellow citizens in the
/ face. / cannot understand as they
certainly showed a lack OF apprecia-
ton not only OF their country but
of their city, and "A boycott would
! be their just deserts. To use a
harsh term, they are but lecches
subsist.ng upon the efforts Of the
real workers.
I To the farmers who have bought
praise is due in the same measure
as TO the other buyers.
word as 10 Ntishawaka's stand
ing in the financial world might not
be amiSs The Fourth Liberty loan
was for S6.0OO.neO The Fifth Lib
erty loan was for S4.5O0.000 or IS
/ percent of the fourth. Figured on
| bank resources. TIE quota of St
I Joseph county was 5 percent OF the
Fourth loan or 3 percent above the
country's average. When called up
and told tina. Mishawaka's quota
was so percent OF the Fourth loan
/ L objected. but when we came 20 fig
ure up the bank resources Of the
county. we found that Mishawaka's
bank resources figured between 70
percent and so percent as compared
with last loan so that while we live
in a county three percent above the
average we live in a city FIVE percent
showed approximately 100000.
Based on SO percent our quota
for this loan was s66S.O00 Up 70
last night the figures ~ headquarters
shoed approximately 100000.
The headquarters will be closed
tonight. but the banks VIII receive
stibscrfptions until Nay 10. which Is
the time set by the government 10
i close subscriptions. subscriptions
will also be received by me at the
ONCE Of the Mishawaka Wooden Mfg
Co. until May 10.
To those who By their labor help