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Image provided by: South Dakota State Historical Society – State Archives
Newspaper Page Text
For the purpose of
Government LIBERTY LOAN. BY W. G. MCADOO, Secretary of The Treasury. equipping with arms, clothing and food our gallant soldiers who have been called to the field maintaining our Navy and our valiant tars upon the high seas providing the necessary means to pay the wages of our soldiers and sailors and, if the bill now pending in the Congress passes, the month ly allowances for the support of their dependent families and to sup ply thein with life insurance constructing a great fleet of merchant vessels to maintain the line of communication with our brave troops in France, and to keep our commerce afloat upon the high seas in defiance of the German Kaiser and his submarines creating a great fleet of aeroplanes, which will give complete suprem acy in the air to the United States and the brave nations fighting with us against the German military menace and for other necessary war purposes. The Congress of the United States has authorized the Secretary of the Treasury to sell to the American people bonds of the United States bearing four per cent interest, with valuable tax exemptions, and convertible under certain conditions into other issues of United States bonds that may be authorized by the Congress. The official circular of the Treasury Department gives full details. There is now offered to the American people a new issue of $3,000,000,000 of bonds to be known as the Second Liberty Loan. They will be issued in such denominations and upon such terms that every patriotic citizen will have an opportunity to assist the Govern ment by lending his money upon the security of a United States Government bond. It is essential to the success of the war and to the support of our gal lant troops that these loans shall not only be subscribed, but over subscribed. No one is asked to donate or give his money to the but everyone is asked to lend his money to the Govern ment. The loans will be repaid in full with interest at the rate of four percent per annum. A Government bond is the safest investment in the world it is as good as currency and yet better, because the Government bond bears interest and currency does not. No other investment compares with it for safety, ready convertibility into cash, and unquestioned availability as collateral security for loans in any bank in the United States. 17.