The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1919-04-26
WHY EVERY SMALL
INVESTOR MUST
LOAN PARTICIPANT
NOT ENOUGH MONEY AMONG THE
RICH TO SUBSCRIBE FOR LAST
LIBERTY ISSUE.
WHAT STATISTICS SHOW
People Of Ordinary Means Have Vital
Part to Play in Victory
Campaign.

income of the people of the United
States will amount to in a single IL
months? How much do the more than
loo. OOO, 900 people Of America take in
during the course Of a year?
The most careful estimates that we
have ever had place the total income
of III United States at somewhere be-
tween $50, O00, 000, 900 and $40, O00, 0OO,-
900 in 1918. Back in 1910 our total
income was about $780, 900, 600, 900.
Along in 1917, about the time We be-
gan to get into the war the yearly
income was somewhere between $4O,-
600. ooO, 900 and $50, OOO, Ooo, 900.
There was a very rapid increase that
may be explained in two ways: 1t was
due in part to an actual increase in
goods and commodities of many kinds
and in great part to higher prices FOR
such commodities as We had. Labor
payments increased very greatly also
and that had a great deal to do with
1t. The increase in the amount Of
products was anywhere from Is to 80
per cent.
Now, here is where the small in
weston comes into the financial scheme
in the floating of Liberty Bond issues.
1t will be seen that he has a most i'm
portant place to fill.
The best and brainiest financial men
of the country have calculated that if
the United States government took ev-
cry cent of the income of all the we'll
TODD people, say all he people who
were receiving incomes of $4,000 or
more when the war broke out for
America in 1917, every dollar that
could be raised in that way would hot
be sufficient to amount to the SIS, 000,-
100000 or more that will be needed
by the United States for it's expenses
in the current fiscal year.
Even though nothing were left to
the class of people named-even
though they were not left a cen for
their W living expenses n support,
the amount taken would not meet the
national outlay.
That is why the small investor, the
man who has an income of less than
$1,000 yearly, is of so much Importance
in the governments plan for financing
itself.
Chance For Small investor.
The way in which the small investor
and the average wage Garner can help
is by buying Victory Notes. He has
helped in that way through the first
four loans that were raised; the loans
that were f1oated while the nation was
making ready for the struggle and was
actually in the war. His help is all
important in the Victory Loan issue.
Without him the loan will be a failure
in more ways than one.
In taxes paid on all manner of a.
ticles and in money invested in Lib
erty Bonds. the small investor is and
Will be a strong factor in helping The
government through what is unques.
tlonably a period of financial emer.
gency. The taxes are involuntary
payments in aid of the ~governmen,
while the buying Of Liberty Bonds i
an investment of the very first class,
There is an alternative if the up
port needed is not siven the nation IL
a financial way. 1t is not TO be re,
sorted to ave in such instances as
loan failures. In ca.e the nation is
not given the proper support by bono
buyers. investors large and small, i.
can adopt an imitation policy, for when
money is needed it must be had Ii
some way, even though that way is
not the soundest and best.
And here is what the imitation pol
icy would mean What the Unital
States needs is materials and servics
The money wanted is used to buy serv
ices and materials. Ia order to ge1
these two things, if the people fai
to raise the money through taxes
bonds and wal stamps, the govern
ment will be forced to create through
banks and similar methods more dol
lars with which to buy things. The
creation of more none will not NEAR
more goods and more help has beer
created. But it will initiate the cur
rency of the country and lead to {
whole train Of financial ills that vii
take a long time to from.
The snail investor and the wart
garner NUT aid IN floating the FIJI
and last issue Of Liberty Bonds, til.
Victory Loan. if the nation is to go OF
u~nhindered.