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Show VHAT WE AT HOME MUST DO. A most impressive lesson on the duty of those at home is given by Dr. A. C. Miller of the Federal Reserve , board of this district, extracts from which are taken from the San Francisco Fran-cisco Chronicle, as follows: Mr. Miller said the vital question was not whether our boys overseas would do their duty, that we did not need to think of but whether we who remain safely at home will do our duty. Unless we do the heroism of our soldiers in France will be wasted effort. Dispatches show that while our sol-dicrs sol-dicrs need leadership, they do not need exhortation, unless it is to be less reckless of their lives. All the exhortation which needs to be expended expend-ed has to, be devoted, and continually kept up, to those of us at home to work, save and give. In the opinion of Dr. Miller there will be received, as in this country this year, by the individuals composing compos-ing our population, about $50,000,000,-000 $50,000,000,-000 for interest 'on Investments, or compensation for service. Of this, roughly, the government will require one-half and wo must get on the best we can with what remains. One-third One-third will be taken in taxes and two-thirds two-thirds must bo subscribed for bonds. It has to be done and tho sacrifico which it will involve is too trifling for mention as compared with that made by our bravo boys on the battlo front. That tho government is to take one-' one-' half our incomes does not mean that each must contribute half of what ho gets- A few -will not be able to give anything. Multitudes can give but little. The most of it must come from those whose incomes are greatly In ox-cess ox-cess of their personal needs and thoso who by dispensing with the unnecessary unneces-sary can Increase their contribution for war purposes. Dr. Miller emphasized tho necessity neces-sity that we should not rely on the banks to absorb the huge loans. They will pay their taxes, and may safely put a considerable part of their capital into Liberty bonds. Their capital, however, is to a great extent Invested and cannot be recalled. But of the deposits which constitute by far the greatest share of their re-1 sources not one cent belongs to the banks. Except to a very moderate amount when a commercial bank buys a Liberty bond It does it with other people's money, for whose repayment In cash on demand the bank is responsible. respon-sible. And moreover, the money in commercial banks Is needed for carrying carry-ing on the business 'of the community. commu-nity. What the banks can properly do is to buy the treasury certificates which are 30 to 120 day loans to tho government, to be repaid by the pro-coeds pro-coeds of Liberty bonds. The actual bonds should bo taken by individuals. nn |