Beneath high clouds, a crane suspends a capstone advising Italians to direct their savings to the war effort over the Italian peninsula. The crane stands on the Adriatic Sea's northeast coast, site of Trieste, an Austro-Hungarian Mediterranean port with a large ethnic Italian population, and one of Italy's principle objectives in the war.
Tutto Il Nostro Risparmio Alla PatriaAll our savings to the MotherlandReverse: "VI° Prestito Nazionale 5% NettoIn rendita consolidata emessa a 87.50 per 100 lire nominaliEsente da imposte presenti e future.Reddito netto 5.71%"(VIth National Loan 5% equityIn a consolidated annuity issued at 87.50 per nominal 100 lira.Current and future tax-free.Net Income 5.71%
"— The second Loan, opened on the 5th October, has been supported by much more forcible and insidious methods than the first. A stronger campaign is directed against the masses. The newspapers harp on the theme that to invest gold is to shorten the war. For the first time they are mentioning the losses of life, assuring the public that they will diminish them by subscribing to the Loan. I notice the bold argument: 'Nearly six per cent! Just think what a high rate of interest that would be in normal times!'"
Entry from October, 1916 from the diary of Michel Corday, French senior civil servant.
The Paris Front: an Unpublished Diary: 1914-1918 by Michel Corday, page 204, copyright © 1934, by E.P. Dutton & Co., Inc., publisher: E.P. Dutton & Co., Inc., publication date: 1934
1916-10-05, 1916, October, emprunt, loan, war loan, finance
