Jasper County Democrat, Volume 21, Number 104, Rensselaer, Jasper County, 29 March 1919 — ONE-THIRD OF WORLD’S GOLD [ARTICLE]

ONE-THIRD OF WORLD’S GOLD

Back of Every Victory Liberty BondNo Safer Guarantee Than Our Surplus Gold Possible. Gold Is the basis of all credit. The United States is now about to enter a fifth great popular campaign for tjie sale of government bonds to the citizens of the nation. America has contracted more than $5,000,000.(XX) of debt sfnc/» December 1 last in paying war bijls, and* this money must be raised by the people. Every reader of this paper undoubtedly believes that United States government bonds are the safest investment on earth. But many of them do not, perhaps, know just how to explain their belief. One of the reasons why United States government bonds are the safest Investment ou earth is that the United States now possesses one-third of the world s gold. This has cotne about as a result of the war. The nation had large gold holdings before the fighting began in 1914, but since then the nations of the earth have been forced to send us shiploads of gold in order to get needed supplies and maintain trade relations. The Federal Reserve banks do not hold, probably, more than two-thirds of this nation’s supply ’of gold, yet they have in their reserves more than one-half much as the state banks of the next 14 most wealthy nations, and abroad the state banks have collected practically every gold piece that the people possessed. The following table bearing this fact in mind, tells why the government bonds are the safest investment known:

Nations With Greatest Total Gold Gold Holdings. Holdings. Bank of France | 663,000,000 Bank of Germany 620,000,000 Bank of England (with note reserve) 505,000,000 Bank of Spain 430,000,000 Bank of Russia 400.000,000 Argentine conversion fund 378,000,000 Bank of Japan 325,000,000 Bank of the Netherlands 285,000,000 Bank of Italy 210,000,000 United States (Federal Reserve banks only) 2,060,265,000 Investing to the limit In Victory Liberty loan bonds Is the best venture one can make. HELP “FINISH THE JOB.” The proceeds of the Victory Liberty Loan are to be used to bring our soldiers and sailors back and restore them to the useful occupations of peace. Every true-blue 100 per cent American should have a part in this work.