Through this method of financing, Ned Smith mobilized money from the hands of common folk—craftsmen, merchants, maids—into war funds.
Through this method of financing, Ned Smith turned the skirmish between a handful of people into the war of another handful of people against the Republic of Palatu.
No one wanted to serve without pay, but everyone who bought war bonds voluntarily contributed to the war effort.
...
"Wait, what if we lose the war? Wouldn't the bonds become worthless?" Winters asked the old soothsayer with a furrowed brow.
"Simple, just don't lose," Brother Reed chuckled, "Don't forget, that's Ned Smith! The iron man who never loses a battle!"
...
After a year of war, the royalists were purged, and the Herders fled in disarray. The Republic of Palatu was officially established and became the third member state of the Senas Alliance.