Show A new mexico Ranch mans reasons for buying in war bonds by II 11 B acetate agricultural economist new mexico college of agriculture and mechanic arts if T AM investing inventing in war bonds rather than enlarging my ranch held holdings at t the present p gesen it tune tim e rona remarked ved a new mexico exico ranchman no it I 1 is not t a question with me of whether to hinves invest I 1 but both how much coach t to 0 invest each individual must determine for hine himself if the amount to invest but as for in me e all al I 1 my y ranch carnan earnings babit g other th than a ari sufficient nt funds to operate the ranch next year will be put into war bonds further que questioning S as to m reasons why this s r rancher her decided in an favor of bond on d cost co im estment st ment brought to forth ith these remarks my ranch income he has increased materially during the past several yeas years with the increased demand for far wool lambs an and d calves for use a as clothing and treat meat in spite of me increased wd costs for labor label feed and some supplies I 1 have had a 1 larger 1191 not net income with th I 1 which inch to pay a of off al all debts card and leave more F or lor Dive investment division sion ent R ranch chlanda lands have increased in an price ric e about one third because of a speculation do ru aaion I 1 prefer not to contribute to inflation in III ranch lands land at the present sent tim time e hy by buying additional addition af cresent Fre range rang to an enlarge I 1 rg my ranch at my age would necessitate more sup supervision i and act activity ty for me my sons have their education to complete and ad perhaps h active dt duty y in th the armed forces and when t they he hv have completed am feted these duties as american ic an an citizens I 1 shall be in an a P position a i by investing in bonds now to provide them it if they so desire th I 1 the opportunity to engage in livestock ran ranching turn ig ranch improvements other than those for maximum liv livestock liveston k production are out of the picture i for r me because bebau a of short shortage age 0 of f w materials iame ans and m labor abo thres three dollars invested in war ar bonds now new in my opinion will after te the war build four dollars worth oi of ranch improvements I 1 I 1 Is know low I 1 of I 1 c no c other the ta l means p arow whereby he r ely I 1 can in increase tease the value ot of a dollar by 33 pe percent c cent with any greater security than by investing in bonds today I 1 furthermore thedmore ther more mare ai a the need f for govern ve ar eso Z ment expenditure decrees decreases at after the war I 1 shall with my war ar bond savings be in a fi financial none a 1 p position 0 to create a demand for me ma terr jerrils ils and labor 1 I know that at the present time t the he le demand for labor materials t goo te aral rials and civilian goods I 1 is greater than the supply apply pi prices c a are higher than they were some five or a six years year ago g P people ale in general haie laa more all money re because cause of I 1 fuller tin employment ment and government gloy mentee spending of money secured r by lalu borrowing on n credit my b banker a er tells mf me th that a t the inability to produce e goods ads in an P proportion I 1 1 to the demand mando when acra money dry is plentiful 1 leads d s to ill inflation t ia aust the same as government r cut 1 borrowing w g f from in c commercial banks adds to the 9 government va a ape spending oil ing p power 0 an and ad increases the threat ahrea t 0 of I 1 iffla inflation tuan to offset this tendency invests investment ento of f current income by individuals ind vidua 1 a and a d business in an war bonds tends to reduce excessive spending I 1 g power p er in an the market and frees the government from borrowing from banks I 1 remember a neighbor friend of mine during the last war who expanded his business as prices rose and times we aare re good md the d depression con pres s 0 of the effy early 20 a r contracted tract d his bu business to nothing as he we was foreclosed on I 1 don t want to happen to me and I 1 am willing to cooperate by lending an my y government my surplus funds I 1 came to this country from eum europe p c I 1 as a by boy of 16 my feet have trod eia many 1 a weary mile herding sheep over montz montana and new mexico c r ranges anges I 1 served in the new M mio mexico io national G guard d in an 1914 on the mexican boi bolder der amica america had faith in an me by giving me an opportunity to earn a 11 1 livelihood 1 and become c an american cit citizen a I 1 have sufficient faith in my any country to lend it my surplus earnings earning in this its how hour of greatest need U S treasury adz |