OCR Text |
Show I WHY BOND ISSUE ISjL0W. Why the present subscript ions to the Liberty loan have not equaled those of the second bond issue is explained ex-plained by an eastern banker, who .cays the temporary lull may he attributed attrib-uted in part to preparations for heavy income tax payments by those possessed pos-sessed of considerable wealth whose investments in Liberty bonds may be lessened thereby. The railroads, for obvious reasons, are also not subscribing subscrib-ing as in former loans; and some of the industrials, because of increased expenses and smaller net profits, are less able to subscribe than before. In a few instances industrial dividends have been reduced; and in consequence conse-quence of factors such as these the purchase of bonds by larpe holders has been somewhat curtailed. Not a tew large subscribers are holding back. On the other hand, the subscriptions from those of moderate means have greatly great-ly increased. There is no doubt that this loan will be much more widely taken by the public than any of its predecessors. This Is as it should be. The loan in a real sense ought to be a popular loan, held chiefly by the people peo-ple themselves The Becond Liberty loan had nine million subscribers. This loan to dato ha more than twelve million subscribers sub-scribers with a possibility, thai the total will be very much increased The general public is responding to this call with commendable Interest. oo |