Richmond Palladium (Daily), Volume 42, Number 295, 23 October 1917 — Page 11

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, TUESDAY, OCT. 23,' 1917.

(PAID ADVERTISEMENT)

Farmers ! The high dollar takes home victory from this war. The German government has just announced the successful sale of its seventh war bond issue. In the fourth year of the World's most terrible war, with millions of his best men slain or horribly maimed, on top of thirteen bil

lion dollars already given and fruitlessly spent to further his insane dream of becoming the world's imperial master, the Kaiser has been staked once more with three billion dollars of his deluded, but loyal subjects' money. Germany, in other words, has raised the bid.

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Farmers, we have been making more per cent profit out of this war on our investment of labor and money, with the exception of the war supplies manufacturers, than any other classes of citizens. Dollar wheat has made way for the two dollar mark for that cereaL Corn is still dizzy from its swift climb from sixty cents to over two dollars. The aristocratic twenty dollar hog refuses to admit descent from the plebian six dollar hog. One hundred and one hundred twenty-five dollar cows turn away in disgust from twenty dollar clover hay when they over-hear anyone say they sold for only sixty dollars a couple of years ago. Dollar wool is almost here and we'll need more of it in our suits to stop the shivers when we remember how many, many pounds we sold for twenty-five cents and less. Our customers have been giving us eighteen cents a pound for Iambs, twenty to twenty-five dollars a head for good breeding ewes, and even the old nannies with hardly any or no teeth are bringing anywhere from ten to fifteen dollars. I wish I still had those I sold a couple of years ago for three and four dollars a head !

As I said before, the war supplies manufacturers are the only ones individually who are making more out of this war than we farmers. And lump us all together and we are making more three times to one than that class of manufacturers. Yet those same war supplies manufacturers are patriotically standing by their country today in its hour of danger and need. They don't say, "Oh, let the farmer pay for the war; he's making the most money out of it!" Quite the contrary. By word and deed they show their appreciation of the deadly peril that threatens our democracy and the world's civilization. Prices for their products are being fixed by government boards. Their profits are taxed heavily, in some cases even up to sixty percent Their individual incomes are taxed on an ascending scale up to fifty percent. They do not complain. They give millions to the Red Cross, send their sons into the army and navy and take hundreds of millions of dollars worth of Liberty Loan bonds. They're real Americans!

And so are our farmers real Americans. Their sons are drilling shoulder to shoulder with the sons of the war supplies manufacturers. Under the new income tax law they will pay a thousand strong where formerly but one paid. Red Cross donation receipts are in their homes and bonds from the first Liberty Loan issue are in their deposit boxes. And the farmers will not be found lacking or slacking towards the present Liberty Loan issue when they understand the overwhelming importance of their relation thereto. There are two ways of figuring how much you should invert in Liberty Loan bonds. (I) The total wealth of all the people of the United States is, roughly, two-hundred-twenty-five BILLION dollars. Government is asking us citizens to take a minimum of three billion dollars worth of Liberty Loan bonds, but hopes, we wiD oversubscribe that amount up to five billion dollars. Taking the latter figure, five billion dollars, it is only two and one-fourth per cent of the total wealth of all the people of the nation. , Therefore, in order to find out your share to take in the present Liberty Loan, figure your total net wealth, all you are worth minus what you may owe, and take two and one-fourth per cent of it The amount resulting is what you should invest in liberty Loan bonds. (II) The total yearly income of all the people of the United States is approximately thirty billion dollars. The five billion dollars subscription government would like to receive for the Liberty Loan is just one-sixth of the total national income. Therefore, on this basis, your share of the Loan is one-sixth of your yearly net income. Whichever basis you use, however, take as many more of the bonds than your share as you can afford. Someone has to make up for the slackers who don't take any bonds and for those whose financial condition prevents their taking their full share. Don't think for one minute that your not having ready cash on hand or in bank need keep you from buying your share. Anticipate your future income or the turning of some of your property into cash borrow at your bank. Any bank in Wayne county wiU explain how this can be done and your Liberty Loan bonds used as security for the amount you borrow. Germany has raised the bid three billion dollars. Let us do our part so the United States can come right back" with a raise of five billion dollars! Germany entered the war with a national wealth of eighty billion dollars. The United States enters with two hundred twenty-five billion dollars, three times greater! Germany has raised her armies from a population of seventyfive millions subjects The United States is drawing her new armies from one hundred ten millions freeborn and devoted citizens! There is no question of the result if we strikehard and quickly with all our resources of wealth and men. k.. It is complete victory for our arms and democratic ideals. So let us each do our share as the nation's farmers, the custodians of its agricultural wealth, to boost the Liberty Loan bond sale. The high dollar takes home victory from this war. R. G. LEEDS

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(PAID ADVERTISEMEiN",

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