Bemidji Daily Pioneer Newspaper, May 31, 1917, Page 2

THE BEIDJI DAILY PIONEER ————PUBLISHED EVERY AFTERNOON EXCEPT SUNDAY- THE BEMIDJI PIONEER PUBLISHING -CO. @. B. CARSON TELEPHONE 922 Entered at the postoffice at Bemidji, Minn., as second-class matter ander act of Congress of March 3, 1879. e No attention paid to anonymous contributions. Writer'’s name must e known to the editor, but not necessarily for publication. Communications for the Weekly Pioneer should reach this office not Jater than Tuesday of each week to insure publication in the current issue. SUBSCRIPTION RATES BY CARRIER Six months.......m ... 380 Three months. ........—. 126 One month..w.m....m. 45 THE WEEKLY PIONEER Ten pages, containing a summary of the news of the week. Pub- lished every Thursday and sent postage paid to any address for, in advance ...;150 BY MAIL Six months............. 300 Three months... — . ....... 1.00 T s et s as e le s ra s sea s eE e oo eseeaeeime e ore OFFICIAL COUNTY AND CITY PROCEEDINGS The Daily Ploneer is a member of the United Press Association, ana fs represented for foreign advertising by the @eneral offices in New York and Chicago, branches in all principal Cities. e ——————————— THE LIBERTY BOND (By Dr. Frank Crane) All rights of copyright to this article are waived, and any one desiring to republish it is at liberty to do so. The Liberty bond is destined to do a lot more good than the raising of money for the war. It is a step foward in national finance. War often forces nations to do so quickly what they have all along felt they ought to do, though they hemmed and hawed and hesitat ed because innovations are difficult. One excellent arrangement about the two billion dollar bond issue is that the securities are sold directly to the people without the inter- vention of an agent. Any citizen can secure a bond from his bank or his broker without having to pay a commission. But the best feature of the loan is that it is made possible for people of small means to buy them. They are issued in denominations as low as $60, and even that can be made in partial payments. Investment in this country has been a rich man’s game. It has been for those who a thousand dollars or more to spare. The man with a hun- dred dollars or fifty surplus could only put his money in the savings bank. The result has been that the mass of the people, who are $50 folk, have not been interested in the great business enterpriss of the country, as they. would have been if they could have invested in the capital used by these concerns. The baby bond is the first step toward the democratization of wealth. It tends to strengthen and solidify the financial structure of the nation by giving it a broader base. It tends also to relieve the bitterness between capital and labor by making the laborer a capitalist. This three and a half per cent war loan will give to the United States a standard investment medium. ‘“England had its consols,” says the Odd Lot Review, “France had its rentes; and now, as a result of an expensive war, we are to have our three and a half per cents.” These bonds will not only raise a vast sum of money during the war, but they will show the way in which even vaster amounts can be raised after the war by the business interests that require capital. There are many more little, people, financjally, in any country tham big, and collectively they have not only more money, but what they have is more liquid; it is usually in cash. The resources that can be tapped by the baby bond system are well- nigh exhaustible. Let every one who is making wages step forward and buy at least a $50 Liberty bond. It will not only do his country good; it will do him good. It will get him into the way of investing. If the war shall make us a nation of capitalists, and teach us that the $50 man also can be a capitalist, it will have done some good. SLEPT WHILE THE SPARKS FLEW Senator Lewis tries to convince the country that the Roosevelt and Taft administrations are as culpable for our lack of preparedness as the Wilson administration. Not so. There was no world war on hand dur- ing either the strenuous days of Teddy or the placid regime of Taft. There were no ‘‘sparks falling everywhere” until after Wilson came to the White House. There was nobody going about the country, in the days of Roose- velt and Taft as there have been in the days of Wilson, preaching the doctrine of preparedness, warning the admijnistration to get ready for the day of trial and admonishing the people to arm themselves against the wrath to come. If there had been, we may be sure that Roosevelt and Taft would have given heed. They would not have sneered at the prophets as ‘“‘nervous and excitable.” They would not have turned away from the subject with the excuse that it was not new and with the false plea that there had been no neglect. They would have been as ready as they are now to take action for the safeguarding of the country’s future. COMMUNITY SUBSCRIPTION TO LOAN Riverton, ‘mall community in New Jersey, will do its bit in a man- ner which every town in the country could wéll imitate. Riverton, by a unanimous vote in town meeting, has resolved to borrow $10,000 from a local bank and to invest the money in the bonds of the mew Liberty Loan. The bank will receive four and a half per cent on its money, the town will ge three and a half per cent from its bonds. The one per cent difference will be a charge upon the town treasury. It will amount to $100 a year, small sum when allotted to all the people of Riverton, but each will have the satisfaction of knowifig that he is having a share in carrying on the war. There will be individual subscriptions to the bonds from Riverton, in addition; but the plan of a community subscription . is an appealing one and many a small place where private investors do not abound ome can adopt it without material discomfort—while the aggre- gate of bonds thus taken would be enormous. SPATTERING THE FLAG A pseudo-diplomat, whose tenure of office in Washington is not af- fected by change of administration, recently gave g luncheon at one of the leading hotels in which no expense was spared. The table was cov- - ered with an American flag done in red, white and blue carnations on a backgrourid of moss—a nice thing on which to spill soup. Neither re- spect for the flag or a good example in economy, which officialdoin is how preaching, was displayed in this proceeding. E. H. DENU THE BEMIDJI DL(LY PIONEER THE VETERANS (By Denis A. McCarthy) Every ' year they're marching slower; Every year they’re stooping lower; Every year the lilting music stirs the hearts of older men; Every year the flags above them " Seem to bend and bless and love them, As if grieving for the future when they’ll never march again. Every year that day draws nearer; Every year the truth is clearer That the men who saved the nation from the severing fata] sword, Soon must pass away forever From the scene of their endeavor, Soon must answer to the roll call of the angel of the Lord. Every year with dwindling number Loyal still to those that slumber, Forth they march to where already many have found peace at last, And they place the fairest blos- soms O’er the silent mould’ring bosoms Of the valiant friends and comrades of the battles of the past. Every year grow dimmer, duller, Tattered flags and faded color; Every year the hands that bear them | find a harder task to do, And the eyes that only brightened ‘When the blaze of battle lightened, Like the tattered flags they follow, are grown dim and faded, too. Every year we see them massing, Every year we watch them passing, Scarcely pausing in our hurry after pleasure, after gain, But the battleflags above them, Sem to bend and bless and love them, And through all the lilting music sounds an undertone of pain. i | NOTICE To all those wishing to join the Bemidji Ladies’ Concert band, call! Miss Neitert at the Tuseth School of Music, Phone 683-W, on or before June 9. Huffinan & 0'Leary FURNITURE AND UNDERTAKING H N. McKEE, Funeral Director Phone (78.W a~- © \_‘__, J Read Dauy rioneer Wantads ROUGHEZRATS of Rats,Mice and B gj Used the World Over - Used by U.S.Government e O/d Relisble That Never fqlls e ISc 251.-.4! Druq jsts THE Rr.coemz:b S'rAN l'rum OF M MAPS & wumn NEW WAR IN FOUR COLORS ALL BATTLE FRONTS A sixteen page set of large scale, authentic maps on extra AND three coupons like this with OUT OF TOWN READERS Presented by the heavy super-caleadar paper at merely nominal cost. 3 ONLY Twenty-five Cents (25¢c) - - ADD 3c FOR POSTAGE BEMIDJI PIONEER COUPON 25 e e A MAIL ORDER T Last night’s ly a partial list---the way we arecutting You will open your eyes with astonishment. paper is on There will be plenty help to assist you Come early as possible. You’ll not be disappointed. Selling Out the Entire Stock Clothing, Shoes and Hats Furnishings, Suit Cases, Etc. D There will be no half measures T here until the entire stock is sold- The next ey N, It Starts Tomorrow at Sharp 9 o’CIock L. BLOOSTO LOOK FOR THE BANNERS THAT’S THe PLACE