Jasper County Democrat, Volume 21, Number 100, Rensselaer, Jasper County, 15 March 1919 — FINANCING VICTORY LOAN WILL HELP INDUSTRY [ARTICLE]

FINANCING VICTORY LOAN WILL HELP INDUSTRY

Must Be Distributed Among All the People—Every American's Savings Needed to Keep Wheele Turning. Julius Rosenwald, president of Bears. Roebuck & Co., and a dollar a year government employee, stated recently that Germany surrendered, not so much because she was beaten as because her military chiefs saw the impending whirlwind of American men, munitions, airplanes, food and supplies, which they knrw meant annihilation in the not distant future for the German armies. “The Victory loatr —It should be called the Thanksgiving loan —which pays a part of the bill for that preparation that saved the Ilves of hundreds of thousands of American boys, can In no wise be weighed against the destruction of life which our preparations averted," Mr. Rosenwald pointed out. “The loan must be financed' before industry can go Proper financing of she loan means that It must be distributed among all the people, means rfiat the savings of every American must be loaned to fils government. Unless such wide distribution is effected —and It can only be effected with the assistance of the great organizations which have been huilt up during the p*st drives —the financial' •houses will have to absorb the loan. Such a result would be disastrous tb the business world, for funds needed in trade reconstruction would' have to be withdrawn from circulation and interest rates wouM mount so high that private concerns wonld find it” almost Impossible to borrow for their neces slties.

“I bespeak ttie eo-operatlon of everyone who ’lent* aid to the government in the past dfrlves. I am fully convinced that the- American people will respond as readily to this appeal for funds as they have to the past! I am sure that salesmen and organizers who during the last drive found so Bendy a response that they sold nearly 17,000.000,000 worth of government securities will find an even more pleasant reception when they seek subscriptions to the Victory* loan,” Mr. Rosenwxld concluded.