| Show the liberta v louns loaris the united state entered he the war ar on april 6 1917 eighteen days later by a practically unanimous vote Congi ess passed the liberty loan bo id bill on may 2 the PM fira liberty loan wa vas announced on may 14 the details were made public and on the the campaign bean began and closed one month later the sue was for the bonds beai ing per cent interest inte reit and running for 1530 15 30 years the bond bonds carried the cunet arsion id ri vi leIe the holder if he choe to convert them into bonds of a later issue bearing hearing a higher rate of interest four and a half million int ilion subscriber subscribers from irom eve every ry sec f tion of the country representing every condition race and class of citizens subscribed for more than of the bond bonds only OW wa was allotted the outstanding features of ope first liberty loan were with which it was arranged 4 aej conducted the patriot im ism of the newspapers banks corporations organizations and penpit generally in working for its success and the heavy heay of mere than 50 per cent another notable feature was that there was no interruption to the business of the country occasioned jay by the un demand upon it its money resources the second liberty loan cam pain opened on october 1 1917 and closed on october 27 the bond bonds of this issue bear 4 per cent interest and run rain for 10 25 years rhey tarry larry the tile con conversion venion privilege it was announced that 50 per cent of the ove subscription would be he taken nine million subscribers subscribed to of the bonds an ovet sub crip tion of 54 per cent only of the bonds was allotted tills this cam campaign as was marked with the bame u enthusiastic support of V the publics public s it i predecessor the labor and fraternal frat einal ons were especially active in this campaign and the women 0 ot the country did efficient effi tent organized work which fire gre greatly itly contributed to he the success of the loan the men in the army and navy worked for and subscribed largely to the loan loan the third liberty loan cam pain opened on april 6 1918 one year elac exactly ay iy after our entrance into the war and closed on may 4 the bonds cf cl this issue bear 44 per cent interest and run for 10 years are to redemption 1 anor or to maturity and carry no conversion ge ahe loan oan was announced for jaw but ifft th right was cesery reserved d to accept all 21 additional subi crip tion seventeen million sub i sS 1 5 scriber for of the bonds all of which wa allotted all ottea A great feature of thi tins s loan was its very wide among the people and throughout the union and the fact that the country districts promptly and heavily subscribed to the loan in a great measure making 1 up their quotas earlier than the cities secretary mcadoo pronounced this loan the roundest soundest of national cing A little over a year ago there was 1 some e united states bondholders bond holders there are now some where between and awakened patriotism has made the american people a saving people a bond buying people the effect of the liberty loans on the national character on our national life on the in citizen and air life is immeasurable of incalculable benefit not less incalculable is their effect on the destiny of the world as our ships plow tie the sea and men and material in europe beat back the hun the fhe fourth liberty loan campaign pal ign will begin saturday septem her 28 and close october 19 no american doubts its success no good american Ama rican will fail to contribute to it its success the blood of our men fallen in europe calls to us our answer must he and will he worthy of them and our country |
