The Owosso times., 1920-11-26
new FRENCH LOAN /
AWAKES FERvOR
Public Subscriptions Reported to
Be Greater Than for Any
Past Financing.
SCHOOL CHILDREN GIVE HELP.
Not a War Loan, but "A Loan
for National Restoration"
Government Tells Citizens.

ltcpOTtS JuSt received ITOfn france
indicate that popular interest In the
new internal French Government six
per cent loan Is marked by fervor
that recalls the Victory loans of the
war period.
A cable from Paris says that four
billion francs were subscribed for the
loan before it was officially opened on
October 20 and that since then public
subscriptions have been greater than
for bny previous French loan.
All Business Devotes Days Receipts
to Loan
One Of the latest evidences OF this
popular enthusiasm Is q declaration Of
Paris shopkeepers setting aside No
vember 25 as Commerce Day." when
all receipts for the day will be devoted
to the loan.
A dramatic touch has been given to
this movement by the City Of verdun,
which, despite the fact that It was
three-fourths destroyed, has demanded
permission to do Its share towards
making the loan a success. -
In country districts peasants have
requested advances on their unsold
wheat so as TO turn the proceeds into
loan subscriptions. .... ...
Even the Children Enrolled.
French school children have been
enrolled in the work for this new 're-
construction" loan. Extracts from the
correspondence Of French school teach
ers who fell In the war have been
printed for distribution in the public
schools and the Minister Of Public In
struction, NJ. Andre Honorat, has ad-
dressed letter to the school children,
counseling them as they read these
words Of the school teachers who
their parents to make present sacri-
fee that France may be as great in
peace Gs she was In war;"
To satisfy the popular demand bear
er bonds for small amounts will be is
sued as part of the loan. The bonds
will have the first five coupons at
tached. They will be in convenient
form so that they may circulate in the
manner Of currency.
To Bring Out Hoarded Coins.
J. Somewhat allied to this feature Is
the provision by the Government for
acceptance in payment for the loan Of |
old silver coins Of France which have |
been demopetized by p, past DEGREES. |
The French peasants custom Of hoard |
Ing silver and gold In stockings Is pro-
verbal, and it is expected that this |
provision will bring to light much Of |
the silver currency of Napoleon Iii |
and even Of periods more remote, as
the oportunity is afforded to cash In
Did coins at their face value.
Reasons for the Loan.
These, In the language that France
employs In addressing her own citl-
zens, are the reasons for the new loan
France calls upon her sons. and
daughters for a great 6 per cent loan.
Certain ones will say: Another loan7
Why Is 1t that the state so often needs
,ur money! Where will all this policy
Of continual borrowing lead usT
1.-THE heart has reasons that the
mind dses not grasp has said the phi.
losopher. There are reasons for this
new loan, reasons which appeal to the
French people.
1T IL not q question, as Is we'll un-
Of meeting BY debts tho
feAsits In badly planned budget Tho
war, thanks to sacrifices In tho way Of
taxes without precedent, thanks also
to the strictest economies, today bal
ances. The revenue from taxes old
and new reaches and exceeds the total
Df normal and permanent expenditures
which public services had to face.
There alone remain the extraordinary
expenses to be met.
TO Meet Expenses Germany Should
Pay.
"What are these extraordinary ex-
penses? a,
On the one hand, they are for the
reparation Of the losses and damages
caused by the war, for pensions to wild
ows and to the crippled and severely
In a word, all the charges
" UuCD, thc tCtmo VI thC CuNC |
Treaty, rest upon Germany, but which
will meet only by deferred
and for which we have in
he meantime to make advances.
ION the other hand, the exceptional
expenses are for building up our pub
ic services-ports, canals. roads, rail-
which at the outbreak Of
he war large plans were already In
he way Of realization, and which are
now more than ever necessary for in
tensive exploitation of our national
riches.
zone part, then, of these extraordi-
nary expenses is for sums that are re-
roverable. The other part Is for sums
hat aid In our production.
For National Restoration.
"These, then, are the objects to which
The money received from the loan
should be consecrated. Here, then, are
he objects to which each one Of us
should subscribe.
Il