The Canon City record with which is consolidated the Canon City cannon., 1919-04-17
Loan Campaign to
Begin April q

meeting of the officers OF the VIC
tory loan army of Fremont county was
held at the Elks' Club building Tues
day night to discuss plans for the cam
paign, which it was decided should be-
gin Monday morning. April 2S, and De
pushed to completion as rapidly as
possible. :, There was a fair attend
ance of campaign workers at the meet
ing from various parts of the county,
both the mems and women's commit
tees being represented.
Mai. d. N Cooper, head Of the or
ganization in Fremont county. presid-
ed and explained in detail the pur-
poses OF the meeting and what 1t was
hoped to accomplish during the drive.
Mai. Cooper said that 1t was essential
that the full responsibilities OF the
people of the county in this matter
should be met and that an equitable
adjustment of the undertaking should
be made SO that all should have part
in the undertaking The only other
address was made by A. H. McLain,
who expressed the belief that the peo-
pie OF Fremont county would patriot
ically respond to the demands Of the
government upon them. and that they
would in this instance, as they had in
all others, promptly discharge their
obligations in this great federal enter
prise.
It was agreed that the forthcoming
campaign should be conducted in prac-
ticalIy the same manner as the Fouth
Liberty loan drive. The quotas OF
the various precincts will be the same
as the subscriptions of the last loan
campaign. under such restrictions an6
notifications as may be decided later.
The Victory loan, as has been pre-
viously indicated in The Daily Record.
differs in several important respects
from the four loans that have preced-
ed it. Instead Of issuing bonds TO run
for 20 years, the Treasury Department
will offer to the subscriptions Of citi-
zens 81, SOC. .000, 900 in Federal notes re-
deemable in a much shorter time-in
four years. This is because the mar
ket is already so we'll supplied with
bonds-so choked with them we might
say-that ii is hazardous step to add
to the national load SO enormous a
qudutlty db }f,oOu,OuV,VUusa lNO Ohe
has any doubt OF the so'vency of the
country, but the amount OF capital that
is ready to tie itself up in 20-year in
vestments is, after ali, limited. II
might have been difficult even in SC
rich nation as the United Sta.ef. 4
have found 5000. .000, 900, which it was
expected the Victory loan would be
without impairing the stock Of wealth
we are going to need for the essential
. economic reconstructions Of the com
ing years. In that case the inevitable
result would have been the diminish
ing value of the bonds In the open
: market, the loss Of prestige to the gov
: eminent and the loss OF not neglig
ible part of the investment to those
citizens. who for one reason or an
other, would be forced to sell their
bonds before maturity.
Five-year notes are much more at.
tractive to the investor. for they are
more likely to remain at par. or near
I 1t. and they are better for the country,
. since they win return the borrowed
capital into the ordinary channels OF
business much more quickly than
1ongterm bonds.
The secretary Of the Treasury IL
authorized 70 issue notes Of four difEer-
'ent kinds: having ench = different Fats
Of interest aceording - n = exempt
Or nonssxe1dUt mon tazntton. on