The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-06

a dollar saved from waste and invested
In government bonds. First II goes e
the government AZ a loan for the war
second. II III expended by the govern
mont for food. clothing and ammunl
tion which go directly 10 "A gallant sol
dier or sailor whose fighting strength
is kept up by the food. whose body Is
kept warm by the clothing and whose
/ enemy Is hit by the ammunition. IL
has not been expended in the purchase
Of needless food and clothing for the
man at home, and Is. therefore, re-
leased for the use OF the soldier: II IL
SAVED wealth 10 the man at home
. and can be loaned to his government
at interest. with resulting benefit to
himself and TO his government"
Secretary McAdoo denounced purcha.
sers OF Liberty bonds who sell their
bonds when they do not imperatively
need money
1T Is by actually lending money to
the government and not by merely pro.
missing II and shifting the loan 10 some
one else" he said. that the citizen
really helps In this great time" He
added. however. that he did not mean
to discourage legitimate trading In gov.
ernment securities.
Prefers Bonds TO Taxation.
Mr.. McAdoo expressed the hope that
additional funds To be raised during
the balance Of the year be by bond
issues rather than by taxation.
Secretary McAdoo disclosed that he
intends to recommend to congress later
in the session constructive and regula-
tory laws TO prevent capital from going
into public or private enterprises UNI
necessary for the war.
1T may also become necessary" he
al NaI 90 %. es.tta [. "a.
measures through which essential cred.
its may be provided for those indus
tries and enterprises in the country es-
sential to the efficient and successful
conduct Of the war. The subject re-
quires the best thought and study. II
is receiving the most earnest consider
alton.
''The courage and resources Of the
nation are so abundant that Amerio A s
success In the war is beyond question
f they are properly organized and in
telligently used. The economic and fin.
ancial condition of the country was never
so strong and Americas spirit was
never more aroused to the Importance
and necessity Of going forwarl. reso-
lutely and regardless Of sacrifice, to the
accomplishment Of the great ask to
which God has called us"
The secretary explained that the Uni. |
ted States now holds more than one
third of the worlds gold monetary
stock.
Wants Longer Farm Loans.
Praising the policies Of the farm loan |
system. Secretary McAdoo said some
method must be devised for disposing |
of farm loan bonds as soon as they |
are issued in order to avoid suspending |
the loaning operations of the banks. |
He recommended also that the limit |
Of $4,000 imposed by law upon lp1ns |
to any one Individual should be in |
creased to $25. 900"
Up to one week ago credits extended |
to allied governments amounted 10 49,. |
S83 900 900. The latest loans have been |
at IA per cent, but Secretary Nc |
Adoo explained that this rate in turn |
will be further increased in case there |
should be higher rates Of interest paid |
by the United States during the contin- |
uance of the war for the moneys that |
II may invest in the purchase Of for |
eign obligations"