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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (July 1, 1917)
,'WTWT- jurr, 1917 The Commoner Success of the Liberty Loan Following is a. statement by Secretary of the Treasury McAdoo. The Liberty Loan stands out as a great, pop ular bond issue, reflecting the patriotism and the determination of the American people to fight for the vindication of outraged .American rights, the speedy restoration of peace, and the establishment of liberty throughout the world. The totol sub criptions to the $2,000,000,000 Issue amounted to $3,035,226,850, or 50 per cent more than the amount offered. More than 4,000,000 men and women sub scribed for the bonds. Of this number it is es timated that 3,960,000 people, or 99 per cent, subscribed in amounts ranging from $50 to $10,000, their subscriptions aggregating $1, 296,684,850, while the number of individual subscribers to $5,000,000 and over was 21, their subscriptions amounting to $188,789,900. These figures tell an eloquent and convincing story as to the popularity of the loan. One of the chief purposes of the campaign was to dis tribute the bonds widely throughout the coun try and place them as far as possible in the hands of the people. This was important be cause the strength of government finance, like the strength of government policies, rests upon the support of the people. The large number of subscribers, especially the large number of small subscribers, is most gratifying and indicates that the interest of the people was aroused as never befcre in an issue of bonds. - The widespread distribution of the bonds and the great amount of the oversubscription con stitute a conclusive reply to the enemi'eli of the S lbscriptions Up to and including $10,000 $1,296,684,850 Over $10,000 up to and including $100,000 560,103,050 Over $100,000 up lo and includ ing $250,000 ....'...... 220,455,600 Over 250,000 up to and including' 2,000,000 601,514,900 Over $2,000,000 up to and includ ing ?G,000,OOC 234,544,300 Over $6,000,500 up to and includ ing $10,000,000 46,674,150 $25,000,000 60,000,000 $25,250,000 25,250,000 rannroyt AKr tUat th h0art of A ica they may be expected to respond to future calls lrVheontChT.f0rthe "' bondiIlV?110?0.0 th0 nr080nt suo of bonds is limited to $2,000,000,000, and no al lotments will bo made in excess of hat amount I consequently decided to exercise the right rol ?'7ifd ,n thennouncmont offering the bonds fi the mp u,blIc' t0 allot to full all applications for the rmcller amounts and to reduce allotments on applications for the larger amounts. In view of the great number of subscribers for $10,000 and less, allotment, will be made in full to them. The subscriptions by federal reserve districts are as follows: Boston $ xsew York . Philadelphia Cleveland . Richmond . Atlanta . Chicago . St. Louis Minneapolis Kansas City Dallas , San Francisco Allotments will be made as 332,447,000 1,186,788,400 232,309,250 286,148,700 109,737,100 57,878,550 357,195,950 86,134,700 70,255,500 91,758,850 48,948,350 176,623,900 follows: Total subscriptions $3,035,226,850 Allotments. 100 per cent $1,296,684,850 60 per cent, but not less than $10,- 000 bonds ' 336,061,850 45 per cent, but not less than ' $60,000 bonds 99,205,000 30 per ccit, but not less 'than $112,500 bonds 184,381,800 25 per cent, but not less than $600,000 bonds 58,661,250 21 per cent . . 20-22 per cent 20-17 per cent 9,801,600 10,110,000 5,093,650 Total r.llotment $2,000,000,000 ECONOMISTS AND EXPERTS CALL ATTEN TION TO FOODSTUFFS USED IN LIQUOR According to the report of the commissioner ?Li!lternal avenue:; for the year ended June 30, J916 (p. 138), there were used during that year for the production of distilled spirits in the united States the following materials: J;orn bushels.. 32,069,542 ;y - do 3,116,612 u ; do 4,480,588 iUlea do 3,373 Sarley do. . . . 148 ats do..,. .9,807 other materials do 68,822 passes gallons.. 152,142,232 t "fitting wneat, oats, barley, and "other ma terials," and reducing corn, rye malt, and mo uses t0 pounds, we get a total of 3,603,911,916 Pounds of grain and molasses. clv llle census for 1900, volume 9, pc&e 602, in n? following figures as to materials used p."6 manuf3 ,ture of fermented liquors: Jr.,? pounds. . 483,998,984 B-H bushela. . 36,385,365 T:fley do 11,232,599 inis amounts to a toti-1 of pounds. . 2,260,266,146 avanf? Seem lo be thG latost Possible figures est in! , , The materials used in 1916 may re mapH caa follows, chough there is a possible HaiiS V errr: The Production of fermented Bv imp.! the year 1900 was 38,664,584 barrels. Rennet J had risen t0 58,633,624 barrels. (See 191 r oon"nis8ioner of Internal Revenue for Per p'J; a5,) The Production Increased 51.6 Perpon AssumIng an increase of at least 50 219 pound materials used, we get 3,390,399,- omblning the figures for the manufacture of fermented liquors and distilled spirits, we get a total of 6,994,311,135 pounds of grain and mo lasses. This- omits all mihor Ingredients and says nothing about the fruit and glucose used in the production of various other alcoholic beverages. In a 'time of food shortage, when conservation of foodstuffs is an important public question, the 7,000,000,000 pounds of food materials which are used in these industries form an item which is worth considering. T. If. CARVER, EDMUND E. DAY, WILLIAM Z. RIPLEY, EDWIN T. GAY, Professors in Department of Economics, Harvard University. IRVING FISHER, Professor of Political Economy, Yale Univer sity. We have reviewed the statistics submitted in regard to the 7,000,000,000 pounds of foodstuffs used in the manufacture of malt and distilled liquors in the United States. It is probable that as much as one-sixth of the total may be neces sary for the production of denatured alcohol. At a low estimate of its calorific or fuel value the remaining five-sixths would supply the energy requirement of 7,000,000 men for a year. WALTER B. CANNON George Higginson Professor of Physiology In Harvard University. PERCY G. STILES, Assistant Professor of Physiology in Harvard University. jRymG FIgHBR Professor of Political Economy. Yale University. CONSERVING TIIK FOOD SUPPLY The following Is the draft of an address to tho pooplo relating lo prohibition as an omor goncy war measure IsBuod by tho National Legis lative Conference. This conference Is composed or representatives of twenty national church, temperance and prohibltlcr organizations, In- pUdi.l55..lh0 W' ' T U" An"-Saloon League, Prohibition party, Good Tomplars, Scientific Temperance Federation, Intercollegiate Prohl- Viu ABSOC,al,on. Christian Endeavor, Catholic lrohibltion Loaguo, tho temperance committees of the Preabytorlan, Methodist, Lutheran and Northorn Baptist churchoa, and several othor or ganizations. Ed. In harmony with tho President's proclamation urging tho conservation and incrcaso of re sources, tho United Tomporanco forces of tho country presout tho following facts for patriotic consideration: 1. In tho manufacture of intoxicating drinks nearly 6,000,000,000 poundB of food matorial, enough to feed 7,500,000 men are waHtcd overy year. 2. Intoxicants increaso idleness and decrease working ability nooded by tho farm, tho shop, and all other productive agencies when overy man's best sorvico is in demand. 3. The use of intoxicants waBtcs financial re sources needed to meet tho extra demands of individual and national expenditure. 4. The manufacture and distribution of intox icants taxes transportation facilities required for military and commercial purposes to sorvo tho people's needs. 5. The experience of tho nations at war showB that intoxicants aro detrimental to military strength. They Interfero with enlistment and mobilization, reduce endurance, Impair marks manship, Increase disease delay recovery from wounds, add to tho number of totally disabled, cause demoralization in tho homo, and promote public disorder. 5. The capital, labor, and materials now em ployer In tho production and sale of alcoholic bevorages could be more profitably used In tho production of food, munitions and other commo dities needed for national wolfaro. u In view of those facts, wo call upon tho people of tho United States to exert every proper in fluence to secure Immediate congressional and executive action establishing national prohibi tion. Howard II. Russel, chairman, associate super intendent Anti-Saloou League of America, West erville, Ohio. D. Leigh Colvln, secretary, president of tho Intercollegiate Prohibition, 661 W. 179th St., New York, N. Y. BRYAN, TAFT AND CIL1UTAUQUA8 , In times past it has been one of the favorite pastimes of the republican press to criticise and ridicule William J. Bryan for his Chautauqua lectures. Metropolitan newspapers generally have spoken as though it wore beneath tho dig nity of a statesman to carry a message to peo ple underneath Chautauqua tents. During his Incumbency of the secretary of state's office, Mr. Bryan lost just 15 working days less time than was lost by any of the subordinates in his office. Yet, because during that time Mr. Bryan was speaking to his fellow citizens from tho Chautauqua platform he was bitterly condemned and said to be neglecting matters of state in order to make money lec turing. All of which is merely preliminary to the an nouncement that William H. Taft, ex-president of the United States, will take to tho Chautauqua circuit this summer. Strangely enough ho will open his tour at Lincoln, Nebraska, the home of Mr. Bryan. It will be interesting to note, now, if the republican newspapers see any demagog uery or self-eeeking in Mr. Taft's conduct, and if Mr. Roosevelt will lampoon him as bemg a rival attraction to the two-headed calf, as he did Mr. Bryan. Exchange. I War has brought to light the presence in this country of a considerable number of men who have the Idea that if everybody else is not as ar rogant and assertive in their protestations of loyalty as they themselves are, they are dis loyal. They are also the loudest in criticism of the German kaiser for wanting to force the re mainder of the world to think as he does.