Jasper County Democrat, Volume 23, Number 6, Rensselaer, Jasper County, 17 April 1920 — HOW WARREN T. McCRAY HELPED WIN THE WAR [ARTICLE]

HOW WARREN T. McCRAY HELPED WIN THE WAR

Statement by “Citizens of Kentland” Challenged by Official Records. There was published this week in all Republican papers of Indiana what is purported to be a “paid advertisement by the citizens of Kentland, Indiana,” an article regarding an alleged propaganda that was being organized ‘presumably by Republicans, for the Democrats have no interest in the matter) to “undermine and injure the candidacy of Warren T. McCray for governor." In this endorsement appeared the following paragraph: “During the war he (Warren T. McCray) led every Newton county activity In support of our government. He gave unstlntingly of his time and money, and was an untiring worker at home, and was one of the recognized leaders in state and national war work.” Now The Democrat is in no way interested either for or against Mr. McCray’s candidacy, but it does believe in putting the truth before the people. Mr. McCray is making his campaign largely as a “farmer,” when as a matter of fact all the farming he has ever done in his life by proxy. He is a banker and is at the head of the DISCOUNT AND DEPOSIT STATE BANK OF KENTLAND, is president of this bank, owns a great deal of real estate and has an efficient and high-salaried manager of his Meadow Lake stock farm, “The Home of the Fairfaxs, where his Hereford cattle are raised and sold at fabulous prices and which he no doubt visits on these sale dayb at least. Now, in reference to the paragraph copied above from this “paid advertisement,” we clip from The Democrat of May 25, 1918, a little mention of the subscriptions to the treasury certificates which were then being issued by our government to tide it over from one bond issue to the next and when our boys were being rushed overseas to defeat the world enemy; a time when our patriotic citizens responded to the call of their government for the sinews of war which were so urgently needed and were so necessary to our success at arms. At that time we published in this list, herein copied, in making a comparison of the Jasper county banks’ subscriptions, the subscriptions of every bank in our neighboring counties of Benton, Newton, White and Pulaski. We here copy only Jasper and Newton, and will say that the subscriptions in Newton were the least o» any of the five counties then named. Here they are:-

U. S. TREASURY CERTIFICATES Remarkable Showing Made in Subscriptions by Jasper Co. Banks. In January the Secretary of the Treasury announced that Treasury Certificates would be issued every two weeks, commencing with January 22, and he asked every bank in the United States to subscribe regularly and take one per cent of its resources per week son ten weeks, which would amount to ten per cent of the resources of each bank. The certificates were issued in anticipation of the Third Liberty loan and the banks had the right to use the certificates in payment for the bonds. Each issue of certificates was tv mature in ninety days from its date. The Federal Reserve bank of Chicago has issued a statement showing the total amount bought by each bank in its district, and the following figures are taken from such statement and, show the amounts bought by the banks of this county and also neighboring counties: Jasper County Bank of Demotta I State Bank of Remington...'. 31,0d0 First Nat. Bank, Rensselaer 10,000 State Bank of Rensselaer.... 37,000 T. & S. Bank of Rensselaer 160,000 Bank of Wheatfield 5,000 . Total >243,000

Newton County

Bank of Brook .— $ First Nat. Bank of Goodland 10,000 State T. & S. Bank, Goodland 5,000 ■Discount & Deposit State Bank of Kentland ... 2,000 Kent State Bank,- Kentland.... 20,000 Citizen’s State Bank, Morocco 3,000 Farmers’ State Bank, Morocco 2,500 Bank of Mt. Ayr 3,000 Total $45,500 It is easy to see that many of the bslnks did not comply with the request of the government by buying certificates to an amount equal to ten per cent of their resources and thus loaning that amount to the government, but the banks which did so are enUtled to the satisfaction that comes from the feeling of having done their full duty in this service to the country. In fact several of the banks took no certificates at all. Jasper county, with but six banks, took five times the amount of Newton county with eight banks and- Benton county with thirteen banks; nearly four times the amount of Pulaski county with eight banks, and more than SIOO,OOO more than White county with fifteen banks. Judge for yourself whether the item from the endorsement of *’Citizens of Kentland” is correct or whether the Federal Reserve bank’s statement was false.