14, 1917. THE MICHIGAN,~ DAILY HELP YOUR SOLDIER CLASSMATES BY BUYING A LIBERTY BAND tn 1 Daily Attempts To Explain Issue PRESIDEINT IMT IFn ters Campaign with Zest Realizing Possibility to Aid Nation In arranging this page, devoted ex- clusively to details concerning the Liberty loan, The Daily has attempted to explain the purpose, conditions, and requirements of the bond ( issue. To this end, it has requested men whom the students respect and admire to explain their viewpoints. Perhaps it is fitting to say here that The Daily has never before en- tered a campaign with greater zest or pleasure. The splendid object in view is indeed an inspiring thing. For the first time, perhaps, this paper is able to aid in a great national campaign by appealing to students and faculty members alone. It is a pleasure to be placed in. the position of feeling that we are really doing something of substantial bene- fit to our country at the same time that we are able to appeal to the sense of natural rivalry that dom- inates our university life and that has aided so much in placing Michi- gan in the very front rank of col- leges. To subscribe to the exter partriotic duty. To do so this, the sacrifice will be for sources of the nation shoul+ ocracy. The campaign for IUnivel hearty approval. Let us mad faculties and students will, plan announced should mak a desire to help the cause sl properly keel) in mind that return and that it is secure The ordinary savings of the n must be supplemented as never bJ by additional sums which ca: raised by the elimination of waste abolition of luxuries and the scientious exercise of a rigid econ If our entry into the war and consequent lessons in thrift whic proper financiering entails resuI the abolition of inefficiency and ws the sacrifice of life and treasure w~ not be in vain, even if the greater jest of "making the world safe democracy" were not achieved. Work Vacations, Help lDemocra STUDENT WITHL $50 BUYS BOND; IS ENTHUSIASTIC OVER PURCHASE 7 LIBERTY LOAN OFFERS BEST KNOWN SECURITY PROF. DOWRIE SHOWS ADTVAN- TAfGE OF BONDS FROM ECO- NOMIC VIEW By PROF. G. W. DOWREE In addition to the vast amount of revenue which will flow into the treas- ury from the various federal taxes, it will be necessary to raise in the neigh- borhood of $14,000,000,000 in order to meet the expenditures of the govern- ment for the year ending June 30, next. At least $5,000,000,000 will be needed by our allies in order to fi- nance, their purchases in this country. This of course will be repaid to the United States with interest, but it must be included in our plans for rais- ing revenue now. Already a loan of $2,000,000,000 has been offered to the American public and greatly oversubscribed, but in a1 nation as wealthy as ours such a sum can be raised out of the floating sur- plus and consequently without having a large influence on our financial and Industrial Institutions. The raisings of the present and subsequent loans,3 however, cannot depend upon thet spontaneous action of a few individ- uals, but, if it is to be successfullyt accomplished, there will have to be enlisted the funds and the efforts of all classes of persons to an extent greater than ever before contemplated Students frequently do not k how much they can afford to scribe to the Liberty loan until s person with a more exact knowl( of conditions explains the impor facts of the bond issue to them. following incident is interesting cause it illustrates the sort of tl that is occurring daily. Incident it furnishes a splendid example other Michigan men to follow. A student walked into the offic Prof. John C. Parker, wrote ou check for $50, and' stated that he just that sum available and that wished to use it in purchasing hoi Professor Parker thanked him for subscription, but explained tol that by purchasing a $100 bond; would be necessary to pay at o only $10, that he would then bea to utilize the remaining $40 in weekly installments, and that would thus have plenty of time which to secure the remaining $50. The simplicity of the explanat appealed to the young man and wl he left the office he had $40 remain to his credit in the bank, a receipt a $10 cash payment, and an thusiastic resolve to earn $50 by wo ing during the Christmas vacation. "That man," said Professor Park "is a patriot." CHIlNS ON T IH E LIBERTY TA, A th t of one's ability to the Liberty loan is a 8IOD YIYPRO a may mean sacrifice, but if it does mean, - ., o~,! :d e .iii rour country at a time wheni all the rep,, EASY TE MS A i~ f. ARRAui z:11 TS d be mobilized for the defence of dem-. WIYT BNS A11 'Alf R State STt rsity subscriptions to the loan has my.., ke It a grand success. Members of the;,,h' fo)lting'atl7l wEW wrIx I am sure, respond enthusiastically. The ten eseia lly '1g r Thte .'Miw-hCigcv;nnf)) h e it possible for all to contribute. 'While ten especal~Wly for , ffil I~ n ~ ~ hould be the imipelling motive, we may , ?1 11Ybyt~iti i~aur ~ I. "h 'K~ ithe Investment will yield a substantial ptet~ rq~s~ta ~ Iby the credit of the Nation. = nm t.be r jvQ4et vh 6hi H. B. JIUTULUNS, bie y loau. bonpxds X, hjbe bught (I ) A 'I either IFor cash or by intalment, wo p r (p±entipl~iiqp 1 per cent on e cation not essential in normal times and ix, Novenber 1,~40 p r es o Pecenberl )efore times of national sacrifice are wike 15, ,19, and hte o~inaiig40n pr Ln be if they interfere with the big work. cent on Jaifltary.,1, 1}91 Iutll- 1', , the Surely if I must have my books ani Qi g ise uret ,$ rms on viich con- pictures, exquisite linen and floer the lJnlt utcTus b aidd- iomy. at meal times, and my wood fir to the bords, vev yrsing teaj I.- 3the dream by, if I can not build ideals country, it s beieved, vii, a~r ge h its nor see visions without these things, it g s t a yoj~dp g to pur se ts in then my ideals are unsound, my vie ir a Libertyr loan( btd ~car} .4p q by y- aste, of the thinest. ink a snimalipi nt d9y~y y~nd ma ~ng ould But we can and will do without.As small weaky ior moot l' ayent It r o- a community of men and women we is bli vedteei ~r~ ~ efor will have a fuller happinss, a. rarer (m 'na t >4 [ td,.tiates w re culture and still give up'the machinery there ae not P A i9s g ter, age es of pleasure and refinement on which thyU hc iiett gnbnaa ° we have grown to 'depend. , ~ prcae~ ab nl egt~le, is an s Since our base 'of happiess' is ments exterdinm, ovr a. vest'seio V sound, we will be the happier~ in get- There 9ire Rik yry strongest __ tCy ting nearer to that bedrock, since our scuninet reasons .thtxt t g fuds - culture is more than a surface scratch- which~ ths governxent to to fin ce sioing, it will put forth finer efflorescence this war should c?'~efroi the petpl ° h. and fruitage if we have to go at it in of the nite Stats and, not from th eng o ( h a back-bekingwafinaciaint rests alone. Ti sA~r orm 'fat ~ol Faulty and student alike, we 'have cap wn..:,The ipro fe o f ghtn e i C .C t now allowed the materialism 'of our _na-+ out o victor y wth Anerl an-sold ers ' io~cFohs sub- tional life to close in on 'nd color and sa lors, wi iAe a]" hIs nd ~> some Ann Arbor. If we tackle this bond can no wth Amrerican mony, 1eo gs edge purchase not without 'acrifice, thF to the{AmericaxP people. ta, of e ry tat University will emerge recothed and soldier ant sailor lere hould bh >Tt}Tf The adorned ini a beauty of simplicity that bondlho1l?r wlo o43ri's hi s mot t$~ wc~al ae bc bttlm ~rta iLtzm r ak o ta d ion thle Un4iyrsity to, bar their 'part. souland puirse! e me wir.lo "hen But ,we have wondered mach as to ea(_______________~t iig ow our resguces of tmenergy, and I LE FR4A JS E TO L frenithusiasm. can be usedtR the bst tITfj I't M e-advantage~i., A ir- T ei ensta ene~ o'Fac~~~ im t r w po~ U±Liih m~ilzowsprtuJ osa-the first £i o this year 8:gi{ c kAv ler iasures, to .4 great and noble cause. tmroweeig ia" fheisfir rooms in University hal. A prsId at Sub& q lP~f he tqli an..pI ly. Then there will be no question of how Ynl"c~ar t e let~ o much we.. will give, because we will ,____ ______________.fi___lg________A___ present earatti}e A'b iigeyrtig eAilb ssocite mmprh Ainthe Cer le Here, a 'kere only ca In the nx w eksw ilternbprs,,"ha z up r given the opportunity to give. our cun;- f- l suet ~ rc~i instruments-2 ar evc:: i'e e~aP ~tfrthe 1Uiversiiy nii 'nties isu n ip - n ta very rean moe hposi tiv fndo br s oGdis :t~~te, ct i~SteinwayPianos, Knabe, that vry reaon moroposieredndby- r£e[13ercle on t i spring than edit' which has been open ofrdb h Vi nisrgirYose & Sons, .Si0,aing '~t u~ b~~9r. The en f te Iulvr-lecturer program drin the y ar.Mndson 1ity flj 4n A 'or, in training camp, and 5Ai ther The home and n Frnce relokin to s todo Fesh ltrni s t Change InsiV to landin rane ar lokin to s t do Recent action take Aby }the fre - ~t or hare .is r~isinthe Uniesty s _ quot ofthe~ibrty'loa, $O,00. an pharmics to change the colok' of Shebttn nthir'aps tocnf0 NN L"~~ fI 'Tat ens thAtevery one of u must te:,tono ter, 'c to of buy at least a $50 bond. By ecnomy ith the colors of th I iolee o ay and elimination of unnecessar"s, by Pamaywaivnspport 'hu s- . en sa fdeinal Whihv i hr 41~u soul- day evening at a imeting of the S - I atlsfymug aie 'f it yy ifIcu- dent council. The body passed, s ak. y~sveryoll 6frs cn d itolution recommending that the' uttbi ty,_ever.oe.obus cannogIt.t--o - geen. te-aft4a ra- If we are already living on the e ry: cg4 t lv gen4e~fica or last possible amount, we must earn it. pclro iephrayclee adsInevry house there are qpportunitie --- . totoeanmoney by mending, darning, Dr. Brdy'1es I Z ij for and ioning. Through my ofice 'eves 'named a uifs tr:n leecio- - sh- Wings can be given to the care' of ~lf chlden ndaftrnonsto lan sw-mics department, has been appointed WANTE- A law student who!pa ~eenpvngt~o 'ou' o a -ostion i n thee'fnancial depar~ ~ pyertr.-n-.ws i . - e_ W e av b en iv ng to ur co nt y eit o t e si n l 1o, U of 'St te ;ive~ pare tim e in e ekang fo r o ed that which was pleasant to give, knit-liexgr c. ak. os 2' any ting, -friendly' afternoons spent in-Red'ptn tecosofosruigth Ann Arbor Savings Bank Buil I der Cross work, cheerfulness and joy in airplanes lately contracted for by n-the face of great national isaster. A &ermn. -! yo d t heLet us give something now which will wr or ihsan udy. St Of mean real sacrifice. Qns o tBeC p1 Sn dnt u1 tre ______whodopeto Witeen 'wh REPORT OF UNION MEMtBERSHIP Alumnae hue ilgo lz te er n-xo.11 el hyexpectations.s ~55 CAMAIG NO YE COPLEED The construction of the building wil "p- be completed within a few-dayst-'-and AWANTD-Seod-~maid.- 145 Wad sat- Owing to a number of the workers' the women will probably take pose 14w Pn X. on failure to bring in reports, the Michi- session of their new quarters next a i' ongan Union is not yet prepared to an- week. nounce the results of its recent mem -________-________ ea- bership campaign.. It is hoped that The Citadel band of the Detroit FRSL w" definite announcement of the names Salvation army gave a concert in the s fthe winning teams with their cap- Presbyterian church last nightwhich cLd be peratled bytwos city tains can be made in Tuesday's Daily. hc ol e prtdb w Union officials ask that all men who Ladies coats relined. Albert Gansle. students. An excellent opportunity, ;es, have not turned in their reports do 217 S. 'Main St. Upstairs opposite Fo ofrtheor patlrhrouhces .A are so at once. Mack & Co.-Adv.FofutepaiclradesJ.A W., care of The Daily. * Arcade Theatre opens tomorrow.- Arcade Theatre opens tomorrow,- FOR SALE-The Daily can sell any- Adv. Adv. thing, it is our specialty. . In any cause. The Liberty loan, aside from any patriotic considerations and regarded merely as a cold-blooded investment proposition, surpasses any issue of securities ever offered for sale. Four per cent .government bonds, which normally would sell at a premium of 15 to 20 per cent, are offered at par, with the privilege of exchanging them for any subsequent issue bearing a higher rate of interest. Since it is quite likely that subsequent issues will be offered at a higher rate, we can accord. to these bonds the honor of being the "premier investment" of all time. They are secured by all of the wealth of more thawt one hundred millions of the most prosperous peo- ple In the world. They are exempt from all taxes which would affect the ordinary investor. Although the gov- ernment has the privilege of retiring them after 1927, unless" the war lasts much longer than at present seems likely, the -holders of these securities will undoubtedly be able to sell their holdings at a premium long before the government is able to exercise the privilege of retiring them at par. Lastly, the purchase of large num- bers of bonds on the easy weekly pay- ment plan so generously provided by our banks, will do wonders in in- culcating in our easy going and lux- urious living people a spirit of thrift. If the war is to be''brought to a suc- cessful issue, our people must not only place at the' government's disposal all of their available means, but they must practice rigid economy. The an- nual saving of our people, last year, was estimated at $6,000,000,000, a sum which will be seen to be utterly in- adequate' to provide, the necessary funds to the government for the next nine months. Arcade Theatre opens _tomorrow.- MATERIAL SACIFIC PLEASURE",- PorF PARK, UNIVERSITY CAMPAIGN M~A4NAG: POINTS OUT M~IEANNG OF TRUE ECONOMY By PROF. JOHN C. PARKER This Liberty loan is essential a material way to the, prosecution the war, but in a much bigger R it is the finest thing that could hapl for the University. For years we have been--taking, ,ti ing, taking. Instruction and inspi: tion, the pleasures of a life mo~re less apart from the practical' dema* of a real existence, the c'ontact W. congenial minds, all have made '1 a selfish life; an admiirable selfh ness, perhaps,--but- not. the. less se ish. Now comes no.t an appeal but a"'(' mand mthat.,we lay aside our assum right to live apart and that we de ourselves our little comforts in ord that we may invest heavily in the r tion that has freely given us all t peculiar privileges that we enjoy. course we shall hearken and obey. We will lay aside the less wort sources of enjoyment and discover if costly means to happiness-to a hap ness the more durable, the more s. isfying because it will be based subtler imaginings, rather than up. material means. Dress, the unnecessary lunch at t4 time or in the evening, the "sho, twice a week, the movies, surely as cultural or as a cultured commun' we do not depend on these things. Even our nobler extravaganc+ those that minister to the spirit, a Arcade Theatre opens tomorrow. Adv.