Rensselaer Semi-Weekly Republican, Volume 19, Number 95, Rensselaer, Jasper County, 5 August 1898 — THE WAR BONDS A SUCCESS. [ARTICLE]

THE WAR BONDS A SUCCESS.

A MaKnlttcent Testimonial of American Cltiaenaihlp and a Slap at-the Popullata. It certainly pays to be honest. The United States asked for a loan of $200,000,000 at three per cent, interest, and the report of the assistant secretary of the treasury, issued on the day after the bids closed, shows that $1,365,000,000 w’as offered. If a business man should ask for a loan, and should receive offers for seven times the amount asked for, it would be the general opinion that that business man was financially sound. So it is with the government, and no greater tribute could be paid to the existing gold standard than the success of this war bond issue. . We do not need any money tinkerers, and if the people will go about their business and labor the money will take care of itself. This war bond issue has been the most successful ever offered in this or any other country, and it furnishes a lessor to the world of the unlimited resources of our country. There are 225,000 subscribers for amounts of SSOO or less and those subscriptions alone will aggregate $90,000,000, almost half of the sum asked. All of the smaller subscriptions will be accepted first, and all subscriptions for over $5,000 will be rejected, so that it is very apparent that the populist howl about “W’all street will gobble up all the bonds” has been stopped by a slap in the mouth. The number of subscribers aggregate 300,000, and as one in every 50 men will be a “bloated government boldholder” it is very plain that the populists will have to say less in the future about the people who hold bonds. lowa alone furnished 5.600 bidders for bonds, and most of them will be accepted. The first issue of the new bonds will be made on July 26, and from that time daily shipments will be made to the full capacity of the bureau of engraving and printing. Every .American citizen is to be congratulated on the result of this bona issue. Jt was necessary in the first place to obtain a large loan for carrying on the war, and it is a magnificent testimonial of American citizenship, when the people of moderate means can open their pursps and furnish $200,000,000 on short notice.—lowa State Register.