The Alaska daily empire. [volume] (Juneau, Alaska) 1912-1926, 1920-05-03

me Equivalent of about S88 golc
when issued: in 1871 they sold for
approximately $1O2 gold.
United States $l0O bonds of March
8, 1864, carrying so interest and
maturing In from ten to forty years,
brought an equivalent when issued
OF only $49 gold; in 1869 they sold
at sS1 and in 1879 for sos gold.
Ihose best informed in our fin.
anclal history and in investment mat
ters are firm in their conviction that
Liberty Bonds and Victory Notes
Will be worth considerably more than
the original purchaser paid for them
long before their maturity. The Sec.
rotary OF the Treasury is authority
for the statement that the position OF
the treasury today and the future
OF the market for the outstanding
issues are very bright.
1t has been suggested that the
Government should have provided
some means of maintaining these
securities at par. The best economic
and financial minds of the country
however, were, and still are, of the
opinion that any such action would
be poor economics and unjustifya BILE
While comparisons are not al
ways suitable, yet in this instance
one has only to study the financia
pages of the newspapers to realize
that Liberty Bonds and Victory Notes
are more than holding their own in
the competition of the open market
with not only the securities of our
great American industrial organiza
tions but also with the bonds issued
by the Government.
One of the great banks of San
Francisco, in recent review of fin
ancial conditions. pointed out that
rich estates are steadily buying Lib
erty Bonds at existing low market
prices. especially of the first issue
because of their practically tax ex
emption feature.
Again it is we'll to consider that the
so-called Bond sharks" the country
over are spending thousands of dol
lars for advertising and for office
expenses in their campaign to gather
to themselves our Governments Wal
Loan issues which are held By
people of limited means in exper
fence in investment matters. Obvi
ously in both instances these securi
ties are bought because buyers real
ize their present worth and future
possibilities.
In word. all buyers seem willing
to trade what they have, be it mer
chandise. real estate, or fake stocks
for Liberty Bonds or Victory Notes
This fact alone should induce the
thoughtful American to retain his
bonds.
Won't you, therefore, as Governor
of the great Territory of Alaska,
call the peoples attention to this
matter in such a way as you deem
most appropriate? Kindly make clear
to them their true interest and
equity in the premises, pointing out
as you well can that this is not
the time to let go of the Govern
ment securities they hold, but rather,
Iipe opportunity " ihNOoI iui IhCl
in Liberty Bonds and Victory Notes /;
alsi to practice thrift and systematic
ally invest their surplus earnings in
War Savings Stamps and Treasury
Savings certificates.
All of these securities possess
the merit of absolute safety and at
the same time yield highly substan
tial interest returns Please empha
size the fact that despite the pres
ent market depression, these Gov
eminent securities are the best in the
world to hold and to buy now, ant
the poorest to sell at this time
Parting with them now at a sacri
flee would be the height of foil,
and as a business proposition, coult
be excused only on the graund o
ignorance. Thoughtful people arr
buying Victory Notes and Libert.
Bonds from the thoughtless peopl
who do not know their real value
l have ventured to write you a
length on this subject because o
it's importance and timeliness, be
lieving that my representations will
meet with sympathetic and effectiv'
response on your part
| Thanking you in anticipation o
early and favorable action, | remail
| Yours very truly.
JOHN U. CALKINS,