Mt. Pleasant Pyramid | 1919-04-11 | Page 4 | Liberty Loans and Conservatism

LIHKHTV LOAN'S AM) COXSEKVA- 'iis.si. ' Tlie events al' the lust lour ycar3 have shaken the foundation of social structures. So say the lectures. . They are right, in the main. But the final results may be increased stability. The Liberty loans have made bondholders bond-holders of nearly everybody. So much money has been invested that industrial corporations in need of money have been compelled to issue bonds in hundred -dollar denominations. denomi-nations. Baby bonds at six and seven per cent have been offered by automobile aud packing concerns ond u'Uites of various kinds. And s.iiail i nves; ois arc grabbing ail they can. Watch them line up when new . issues go on sale. Tinkers, tailors and truck-drivers are gradually becoming the mortgagees mortga-gees of the big corporations. Billion-dollar debts are held by millions of bricklayers carpenters and plasterers. plast-erers. Aad it is perfectly safe .money. Here is the strongest bulwark rvjainst uolshe,vism. The masses will hardly want to wreck industrial- enterprises en-terprises of which they are them-i them-i selves the creditors.