Evening Republican, Volume 21, Number 193, Rensselaer, Jasper County, 24 August 1918 — TO INCREASE LIBERTY LOAN INTEREST RATE [ARTICLE]

TO INCREASE LIBERTY LOAN INTEREST RATE

. Secretary McAdoo has definitely ! announced that the Fourth Liberty Loan bonds will bear 4% per cent interest The secretary has been inaistenT that the government interest rateshould be stabilized at 4% per cent. He points out that a raise in the rate of interest of only one-fourth of one percent on $10,000,000,000 of government bonds would mean an annual increase of $25,000,000 -in interest charges, and that this money would have to be raised by increased taxation and-paid by the people of the country. It would not be paid by one class only, because there are consumption as well as other kinds of taxes, and the consumption taxes reach every class of people. “As an. intelligent people/’ said "Secretary McAdoo during the Third Liberty Loan campaign, “we should' now make a stand for the financing of our government during the period, of this war at a stabilized rate of interest, say at 4% per cent per annum, so that all business and all investments may be adjusted to that' basis, and so that we ourselves may protect ourselves against successively increased rates of interest on government loans.” Neither our patriotism nor our support of the Liberty Loan are measured in fractions of per cent.