South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-10-13
Foreign Rate. Sl65 per month
OCTOBER I3, 1920.
Old WIDOW AND ORPHAN STUFF
PILED ON WAR BOND HOLDERS.

Orfr~ neOple rernemoer the jay uVulu u-'
when tine plea for the widows and orphans he''
gvsv IT, political and popular minds as to why
vv.r - interests should not be interfered with
IL was pointed out that they held stocks IN the
r,,Iroads and in this and that. and regulation
would diminish the value Of those stocks the poor
tbf,gs Politicians and populace supposed not
- know our knowing forgot IN the face Of so fine
an army Of camouAage sentImentalism' that the
sfocsra held by widows and orphans was negligible
81, comparison with those held by mIllionaires and
that even those that held by those creatures
70 he pited." were probably widows that were
rich and orphans that were richer
Now new generation has grown up 70 be hum
b,,qqe5 by some such plea,-and Sen. Warren g
Harding wants their votes for the presidency. He
suhstfttrtes Liberty bonds tor Erie. He complains
hat Liberty bonds have not been maintained at
par-which is lie-and assures the bondholders
mat II he is elected Will that par value
is given them; the face value which you paid for
them during the war whereupon a sob-sister
organ OF the republican party comments:
"It means that Sen. Harding believes the
bonds the men and women and children or
America bought in the period and which
have gone below 1OC cents on a dollar shouIo
be brought 5ack 10 100 cents on a-dolar
cot the first Liberty loan your government
bought in S25115QO0 of Liberty bonds for $685.
GTT a croft clip or Alsl Ss0Lz-4u
from the fleece OF the bond buyers.
"Cf the second Liberty loan your govern
rnent bought in $371.215,Oo0 for $358346'960.-
3d. with a clip OF $l7,86SoS44b
cot the third Liberty loan your government
bought in s27s .435.OOO for $267.661,3ss with
a clip OK s1O,973, 6O2@
"of the fourth Liberty loan your govern
rnent bought IN $36S,1150O0 for S34S5lS'4Sb
with a clip of $19,601.515.'
Too bad isn't it2 An aggregation Of financial
he
women and children OF America" out OF their Lib
srtv bonds. proceeded to bear" the market with
propaganda ahoat to induce them sell dis
count and Unoie Sam stepped IN and bought VI
about A billion dollars worth-face vaIue-of them
which those financial gentlemen expected to get
The commentator goes on;
.rYous government has feeced you out Of
s4sOOOOOO by those transactons."-
which Is another untruth You feeoed yourself II
he n-st Ilace remember that your government s.
YOU In the second place take into account tina
Uncle sam bought no bonds BY force He took only
those that were offered for sale and bonds that tn
aforesaid aggregation OF financial gentlemen woulC
have obtained had he not bought them.
The only reason anyone offered their bonds fo
sale at a discount was that they wanted the fac
y them. less the discount, more than they wantec
he bonds which held until maturity. collecting tn
interest meanwhile. would have brought the fac'
value That Is the same reason that you sell you
horse. your COW. your automobile. or twin-beds
You want the money that much than you d.
the horse. COW. automobile or twin-beds
Those financial gentlemen figured on prohtnt
that $40 oOO.o 600 more they did profit on wha
they bought. while financing your wants. takinl
YOUR bonds collecting YOUR interest, and holdinl
them until maturity. and instead Uncle Sam bea
them TO IT, The Harding scheme would merely pu
$3.50 100000 speculative value into the 100000.
GOO worth Of bonds that those financial gentlemen
aid gel, wihou, their having 20 hold them unit
ms turity.
Besides Uncle sam bv stepping i'm and buyn.
up those bonds interfered just 20 that extent wit!
Wall SITS "bear" process. steadied the market an,
preventing The bonds from COINS any lower thar
they did. You see the process Now wall ST. tips it
candidate for president to- so after the of th
mon and women who bought bonds during the war
telling him tha, Uncle sam has aeeced them %,
his purchases and tha, he Ciardng) is going q
save them ln the f1t1re-vhen ID only means ,ha
ne intends 90 leE.=.ate Sfsooto.o0o into the poe
ke,s Of wall ST. erokes
Don't be buH5oea ny this new brand Of widow
anG orphans" stun That is the ghost OF Jay Goul
stalking about. Ninety percent Of the war bond
Of the United States are already in the hands OF th
rich. Ler them hold them uncr maturity Don
lei tha, widow ana orphans" sentimental slusl
&c, your goat" The widow is -.ch and the or
phan: well t. he holds his bonds until he reache
MS majority. OF until they reach theirs-at ma
turity-theyu get gar for them and meanwhile
their interest viii come slong at al appointed in
tsrals