The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1917-06-07
PROSPERITY OF u. S. WILL BE
GREATER THAN EVER BEFORE

len Billion Dollars to be Spent for
Products of American Farms, Mines
and FactOries-Can't Stop This
prosperity Except by Refusal of
People to Support Reasonable
Measures of Taxation and to Buy
Liberty Bonds
Zen billion dollars to be spent dur
ing the coming year by the United
States and the Allied governments
for the products Of American farms,
mines and factories, Secretary Nc
Adoo declared in New York Monday
night, will bring to the country the
greatest prosperity in it's history.
Some people profess apprehension
about the future Of business" said
Mr.. McAdoo. "Why gentlemen, pros
perity in the next twelve months will
be greater than it ever has been in
our history. You cannot prevent it
if you try. The only thing that could
stop prosperity would be the refusal
OF the people to support the reason
able measures Of taxation that are
needed, and to buy the bonds of the
government"
The Secretary addressed a great
mass meeting at Carnegie hall in be-
halt OF the Liberty loan, which, he
warned. would succeed as it must sue
ceed only if every one did his duty.
He appealed to those who cannot fight
on the battle field to supply the means
that will enable the government to
provide for the soldiers who go to
the front.
Bonds Better Than Money
"We have offered this great Liber-
ty Loan" he said. sWhat does it
mean? 1t means that your govern
ment offers you a privilege; it asks
you men and women not to give
something to your government, but
to buy the best investment on earth,
the safest thing you can possibly pos
sess, something that is as safe as cur
rency and yet better than currency
because currency does not bear inter-
est while these bonds do bear inter-
est at IL per cent. 1t asks you
to buy within your means in order
that the government may be supplied
with the money to properly equip our
brave men who have to go upon the
field battle to protect your lives,
your liberty and your property.
millions Of young Americans, with
the fire of patriotism in their hearts
are going to respond to their country's
call on June 5th. When they have
been called, our duty is to see that
they have everything that is neces-
sary to make the most effective sol
diers on earth.
Property Must Bear Burden
II hear some grumbling about tax
alton. Is it possible that in this rich
country, when our sons are going t.
the front to give their lives for US
there should be any quibbling abou
the necessary taxation to take care
of them upon the field Of battle
While we must not be unfair to prop
erty, while we must be scrupulously
just in the imposition of taxation ane
in the treatment of all the economic
questions which gain added import
ance during war time, property mus
bear it's just share Of the burden.
eff this war continues for another
twelve months, it is probable that thu
total amount of financing that TIT
government will have to do to cove
its own expenditures and to exten'
the necessary credits to the Allie'
governments will amount to $40, 900,
100000. It is proposed that only L
per cent of this colossal sum, namely
81 300, 100000, shall be raised b!
new taxation. When one consider
the magnitude Of this task and tn
probable economic effects Of the sal
of s8,2OO,OOO,OO Of bonds within
twelve months and the expenditur
of the proceeds in the purchase o
supplies in this country, it does no
seem prudent or wise to provide b
new taxation a less amount than 81,
800, 100000
A Civil War Mistake
"There is always serious DANCE
of hurtful initiation in war time whe
such great bord issues must be made
A reasonable amount of wholesom
taxation, properly distributed, is tn
best corrective. The worst mistak
made by the Federal government q
the outbreak of the Civil war was it
failure to impose taxation vigorousl
and sufficiently. This led to trai
of evils, hurtful to the credit OF tn
government, and resulted in unneces
sary sacrifices of human life an
treasure.
| every man and woman must ge
/ behind these bonds if this issue is
be successful.
| Combined Energy Necessary
| eve shall not fail II every one zoe
| his duty, but I warn you that thes
| great things do not achieve then
| Selves. They can only be achieve
through the combined energy, dete1
| mination and spirit of the America
| people. It is not enough of an al
swer to the challenge thrown dow
to us that we subscribe grudgingl
or barely two billion dollars Of Lii
erty bonds. We must oversubscrih
!. this loan. Our answer to the mil
: tary autocracies of the earth must b
! that the American people have. bi
lions to sacrifice in the cause OF liz
erty and lf-government through
out the world" =,
| Mr.. Adoo said that whatever dit
ferences there may have been abou
the war before it happened and Their
II n r >1rNIr