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Newspaper
Quincy Whig
Location
Quincy, Illinois, United States of America
Date
Jun 10, 1917
Page
5
A narrator compares national income and borrowing to personal mortgages, stating the United States borrows about four percent of one year’s income now and could reach ten to twelve percent. A Liberty Bond is described as a mortgage on all U S assets, with the U S ten billion mortgage deemed far safer than a thousand dollar Waldorf Hotel mortgage.
The piece argues Uncle Sam cannot burn or steal and boasts U S credit as the world’s safest borrower. It uses a mortgage analogy to compare a nation’s value to Liberty Bonds, claiming the United States would borrow up to eight thousand millions while the bond is the safest investment for citizens.
An ardent promotion extols Liberty Bonds as Uncle Sam's no interest promissory notes paying 3.5 percent, arguing a $100 bond is a mortgage on the United States and publicly guaranteed against income tax. It asserts every U.S. asset backs the bonds and claims them the best investment worldwide.
A promotional pitch extols Liberty Bonds as a risk free first mortgage on the United States. It asserts par purchase price, three and a half percent interest, and capital appreciation to 110 or 115 dollars in a year or months if peace arrives. It emphasizes patriotism and guaranteed profit.
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