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Show UTAH'S VICTORY. In every way Utah has done its duty to the nation since the United States joined -in the European war and it will do its duty to the end.. Utah's contribution to the Liberty loan is at least forty per cent above tho quota assigned to it ly the national government. All classes purchased the bonds with an equal patriotism. Those who did not have funds on hand were eunr to take advantage of tho opportunity oppor-tunity oit'ored by banks, employers and societies to pay for bondB on the installment in-stallment plan. Onco tho interest and enthusiasm of the state wus- aroused by publicity and hard work tho rost was .easy. The slowness of tho response early in the campaign is not difficult to explain. Ours is a generation accustomed to advertising. ad-vertising. The public expects to be kept informed of what is going on. There was a time, before the era of the printing press, when the king's decree de-cree or the rescript of the emperor was sufficient information for tho public. Kowadays the public waits for publicity public-ity and organization. Other elements, no doubt, enter into the case. Many of the corporations were ready to buy more and more of tho bonds 'ust as oon as it became apparent that their subscriptions would be needed. In tho last week of the campaign there was a rush to subscribe and as a result the loan has been, oversubscribed by more thaoi $500,000,000. 1 Here is a demonstration of American financial power which .cannot help but impress tho German enemy. For some time the publicists of Germany have been speaking with disparagement of the financial requirements of the war, knowing that Uncle Sam had removed all worry on that score from the minds of the entente allies. Field Marshal Von Hindenburgr. foreseeing the psychological psy-chological effect of tho American dollar on the German jmind, uttered a fow officially-inspired' pooh-poohs. But the pooh-pooh school of statesmanship is going to be terribly overworked. The American dollar is to be one of the decisive factors of tho war. The Liberty Lib-erty loan has merely skimmed the surface sur-face of our ocean of wealth.' Tho German war office seeks to give the impression that Germany can keep on financing the war indefinitely because be-cause the money moves around in a circle. But money is merely a measure of value and a medium of exchange. It tells nothing of the real values destroyed de-stroyed by the war. Germany is shooting shoot-ing away its wealth with every shell. Even the copper roofs and the church bells have been melted into shell casings. cas-ings. Every freight car or steel rail that wears out, every automobile truck that is cast into the scrap heap, every gun that is destroyed or captured, every building that loses its value because of wear and tear, is a symbol of Germany's Ger-many's declining wealth. It is true that every day all over the world wealth is worn away, but it is replaced normally by industry. Germany, on the other hand, is going to seed because all industry is directed into war work. Replacements are impossible under the pressure of enemy armies and, let not the fact be overlooked, the pressure of the American dollar. As a business institution Germany is bankrupt. It ran hope to recoup only by victory and an indemnity wrested from the United States. The Liberty loan is a guarantee that Germany will never collect an indemnity indem-nity from us. The American people have demonsttated their determination to wiu the war. The work for the loan in Utah was quite as efficient as anywhere in the United States under the direction of L. H. Farnsworth, chairman of the State Council of Defense; of Clarence Bamberger, Bam-berger, chairman of the council's finance committee, and of Mr. W. P. Scott of San Francisco, who came to us as the representative of the federal reserve district. These gentlemen deserve great credit for their generous and tireless efforts, ef-forts, but they would bo the last to claim all the credit. The bankers of the state, the insurance agents, the Salt Lake Rotary club, the fraternal societies , and utiier :-ocial orruuzaliuns, e:nj. Invars Inv-ars and mplovr-is of bir bu.iiut-.?s concerns con-cerns in fact, dozens of aiM'iicies and instrumentalities set in motion .by patri- j otic men and women must receive crpdit for tho ovcrsvhelming success of the Liberty Joan campaign in Utah. |
