OCR Text |
Show MING LI6UIY BONDS IN THADE SHOULD DiSCONTUNt y Earl Randall, cashier of the BinR- i ham State Bank, think that It would be well to direct attention to the matter mat-ter of merchants and othara taking Liberty Bonds in trade, and aakH The Pres'jiBulletin to publish tho following follow-ing from the treasury department with reference thereto: "I hope that the merchants ot the country, upon a more careful consideration consid-eration of the subject, will discontinue their efforts to sell merchandise and take Liberty 'Loan Bonds In payment' says Secretary McAdoo. The secretary states that he has no doubt that merchants offering to take Liberty Loan Bonds in exchange for merchandise are actuated by patriotic motives, but that such transactions tend to defeat a primary object of the bond sales, as they discourage thrift and Increase expenditures. Bonds so taken in exchange in most cases are immediately sold In the open mraket, which tends to suppress tho market price and adversely affects sales of future issues. The strongest efforts are made by the treasury department to have these government bonds purchased for permanent per-manent investment by the people and paid out of their savings, thus not only providing funds for the government, but effecting conservation of labor and material; exchanging them for merchandise mer-chandise therefore defeats this purpose. |