Show POOR FINANCE TO LET BANKS i TAKE i V. V LOAN By M M. M S. S V Wildman Head of the tho Department of of Economics and Political Science at Stanford University California Just about two years ago wo we began to make war and stopped making a lot of f other things or made these other othor things only In limited supply Railway construction came to a dead stop Equipment was worn out faster raster than It was replaced All AU over the ehe c country building operations were sus SUB In the North Atlantic states state alone the tho deficiency In building la is estimated by the Department of Labor to exceed If It the situation all over the country Is comparable to this the accumulated need for construction construction con con- now exceeds two billion dollars dol lars lard Through a wide range of manufactures manufactures manu manu- from automobiles to chewing gum curtailment was the order of ot the tha day until now we face a deficiency In numberless commodities of customary custom ary any use The emergency which led to curtailment curtailment curtail curtail- ment Is happily past The Interest of ot all classes of ot people requires the quickest possible resumption of ot normal activity Consumers want the goods returning soldiers need the employ employ- ment went The heavy war taxes call for tor correspondingly large production while European reconstruction will wUI open the wa way for lor exports This resumption of ot enterprise If It w we embark upon it as we ve should will require loans on a tremendous scale The high wages and high cost costor of or materials will necessitate advances proportionately greater t n In the past mat To be available for tor this purpose the he funds of ot the banks bantes must not b be absorbed absorb d b by government requirements The necessity for tor a wide public participation Patton pation In the Victory Liberty loan Is even greater than It was waa In the case of ot earlier loans when curtailment of industry diminished the needs of private private vate business If It the banks are compelled to carry cam the tLe government they cannot at the same time carry their customers F For r every billion dollars worth worth- of t bonds eft on the hands bands of ot the banks banes there will be just a billion less for the revival revival re reo vival of or Industry and the employment of ol labor It Is to the personal Interest of ot every everyman everyman man and woman in America to subscribe sub Bub scribe to the Victory Liberty loan out of ot his hid or her savings |