National Geographic : 1917 Mar
War Loans and the IUnited States" SThe Story of War Financing and Its Bearing on National Growth T ISTORY proves that the sacrifices and discipline Sof War have served to increase thrift, create efficiency and develop resources. The financial record of American Wars is one of patriotism and vision. War obligations have been readily met and economic progress made. For the first time in its history, the United States has now become a creditor nation, and by meeting the needs of other nations is able to strengthen its own financial and commercial position. Every citizen is concerned in the situation presented i~ and its relation to his own affairs. How American Wars since 1776 have been financed and these War debts discharged; the economic effect of War loans in this country and in Europe; lessons taught Sby experience and the opportunities offered for the future [- ~ are described in a booklet entitled "War Loans and the United States", issued and sent upon request by the Guaranty Trust Company of New York 140 Broadway Capital and Surplus - . - - $40,000,000 Resources more than . . - $500,000,000 "Mention the Geographic-It identifies you."