The Independent . bankers and invest-ment bankers thruout the countryin the public offering that will be madeof the Governments * bonds. Everygovernmental agency, such as the In-ternal Revenue offices and even the postoffices, will be asked to assist in thispatriotic work. When the Congress shall have grant- enable them to secure essential supplies ed the necessary authority to makein the United States and carry on the public offer of the bonds, I shall takewar with increased effect. the benefit of the counsel of the most The most serviceable thing we can do experienced bankers and investors i
The Independent . bankers and invest-ment bankers thruout the countryin the public offering that will be madeof the Governments * bonds. Everygovernmental agency, such as the In-ternal Revenue offices and even the postoffices, will be asked to assist in thispatriotic work. When the Congress shall have grant- enable them to secure essential supplies ed the necessary authority to makein the United States and carry on the public offer of the bonds, I shall takewar with increased effect. the benefit of the counsel of the most The most serviceable thing we can do experienced bankers and investors inimmediately for the common cause is the country as to the best means ofto furnishcredit tothese foreigng o vernmentswho, in con-junction withus, are fight-ing financialaid ought tobe extendedat the earli-est possiblemoment. Itwill be treblyvaluable andeffective if itis extendednow. The pur-pose is topurchase theobligations ofthe foreigngovernmentsto whichcredit is giv-en; such ob-ligations tobear the. same rate of Kiroy {„ xew York World interest and, THE FIRST SHOT making theoffering asuccess. The wealthof the UnitedStates is sogreat, the in-vestment re-sources ofthe countryare so large,the strengthof our bank-ing situationis so phenom-enal, and thepatriotism ofour people iss o stronglyaroused, thatI am thorolyconfident thatwhen theGovernmentoffers itsbonds forpublic sub-scription theamount willbe over-whelminglysubscribed. April 21, 1917 THE INDEPENDENT 187 Insurance Conducted byW. E. UNDERWOOD W., Pickford, Mich.—I do not find the nameof the Agricultural Life Insurance Company ofBay City, Michigan, in either the Michigan In-surance Departments report or any of the ref-erence hand books, from which I conclude it hasnot begun to transact business. Stock in a newlife insurance company must be regarded as aspeculation for a number of years after itstarts. M. A. P., Hollywood, Calif. — As annuities,which for many years has been a neglectedbranch of life insuran
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