Mt. Pleasant Pyramid | 1919-07-18 | Page 4 | National Debt as an Asset

NATION. l. likliT AS AN A --.SaT. Our 2 5 billion cat i,i.al l -ar .. ., look upon by many i-..-ar tj,i. ;-,.r tis an additional a.s-t of ;:;. it a!. For iiasianae if a i,ui--s :i.;r has i'l',, nei) in proper.' y he h. n:,t,-to n:,t,-to mortgage it to stun a business 01 an industry. But if he has $2..i or $:,,' In national war bonds he cie a-a them as a ba.ds of capi'al i. , readily as so mach e;tcii. Considered as a whole, the wi! debt will be found to st ; m iil.n ia dustries as soon as we can e.-''Lfjt th" enormous war faxes. The debt in the form of liL-aiav and victory loan bond? is an "Miaa sion of capital or credit on a laraa scale. Hut it will not mo'v fieely mrr industrial development until sucl ventures are assured of a chance- w earn more than the traditional foui to six per cent.