The Grangeville globe. [volume] (Grangeville, Idaho) 1907-1922, 1920-08-26
LIBERTY BOND OWNERS

The attention Of people Of the United States generally
has been directed the Liberty bond market and the appalling
losses the people who compelled to sell sustaining
daily The democratic party has offered remedy for the
loss to which its naladnissaon has subjected bond hold
The following figures given out from Washington will
offersome enghtment:
'On May 81 1920 the date for which detailed figures
available there Liberty bonds outstanding to the
amount $15S4 100000 The treasury department
made purchases in the market that date but
tie reduction the total has been comparatively negligible
With the Of that date the basis and applying the
market quotations find that the sale value OF those
bonds today approximately $326900o00O representing
actual loss to the bond holders Of $2l5OOOOU0 1t true
that if the bond situated financially that they
retain the bonds until maturity they will be paid in full
has been the bitter experience Of hundreds of thousands
o patriotic citizens who have been compelled to dispose of
their bonds that they compelled to lose about $5 out Of
levery 800 they had invested.
Never such appeal made to the people Of this
try that resored in the various selling campaigns Of
cas Of the treasury hesated at nothing to persuade the
people their savings bonds and in that appeal
dviduas in every locality The chief Of the campaigns
the to the people that they absolutely
guaranteed against loss they put their money into bonds
stock and bond issuing industries might fail banks nigh
become nsolvent but the stability of the government
mquestioned and loss from investment in its securities
utterly impossible 1t asserted that Liberty bonds
preferable to paper currency as they not only maintain
I'd similar vauebut bore substantial rate of interest in adj
dition s. .ss
but tthe 100000 bond have faced a
bitter disappointment and have learned to their that
the finances of the United States government may
nsmanaged that its obligations win suffer depreciation
Quite naturally neither the democrac platform the
candidate for the presidency has taken cogzance
the huge loss which that pary neffciency and incompetent
lcy has forced the people. Senator Harding the
other hand has declared that this should make
its Liberty and Victory bonds worth all that its patriotic c
zens paid in purchasing them He ntmates if he is
elected president he will do all in his power to bring about
that end.
I'm making that statement the republican candidate has
INDUCED in idle reflection for long ago September
IL 1915 Hon. John w Weeks of Massachusetts outlined
the senate plan whereby billions of dollars could beer
saved to the people through the issuance of serial bonds
stead Of those having single maturity. M
1T will be possible for President Harding to coaborat
with republican congress in securing legislation authoz
ing the refundng of all Liberty bonds single
issue bearing interest at IA per cent and costing the
payers than the present cumbersome sinking
method of retirement And only would additional
be avoided but Liberty bond would have the sasfac
ton of seeing their holdings go to par the the inter
est rate increased and restore to them the
/ less endured under the democratic administration -
I BOTSHEVIK R00STTNG