Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-05-19
Northwest States Have Assumed
A. Great Responsibility in This
War, M'Adoo Says in St. Paul
Explains the Liberty Loan
and Urges People to Aid
the Government by Buy
ing Bonds-Resents East
ern Charges that the Mid
dle-west is Opposed to war
and Will not Aid in Rails
ing the Money.

st. Paul, May 1e.-w.lliam G. Nc
Adoo, secretary Of the treasury, in an
here today, explained in a
general way the purpose of the ST.
600, 100000 liberty loan and referred
to the important part the northwest
must take in increasing food produce
ton.
MIR. McAdoo was to deliver an ad-
dress late today at a meeting in fur
therance Of the liberty loan, and came
here from Milwaukee, where a SIM
liar meeting was held yesterday.
Il would not presume to come into
people their patriotic duty in the great
emergency which now confronts the
nation." said Secretary McAdoo. "Ev-
cry patriotic citizen Of this great coun-
try is anxious to do his part In this
national emergency.
"It Is the duty of the men who are
now charged with the responsibility
Of government to SO correlate and di-
rect this great supply of energy and
wealth, las to produce the maximum
Of results.
Northwest Big Factor.
II know of no section Of the United
States more concerned in the present
national emergency than this great
northwest. The great problem of the
world today is the production Of food
food to feed ourselves and to supply
q surplus to our fighting allies.
"Thls great northwest ia truly our
national bread basket, and the present
national exigency has placed upon 1t
a responsibility unknown to other ma
tions. Here you produce the wheat
that provides the world with bread;
your great copper mines furnish the
materials for making munitions of
war; you produce three-Quarters of
the iron ore Of the world; your annual
production of lumber is over ten bill
lions Of feet or sixty per cent Of the
total supply Of the country; you lead
in the supply Of wool, fax and pota-
toes, and any one who has any knowl-
edge of our national resources knows
that you are supreme in the produce
ton Of meats.
$50 say that since the supreme de-
mand of the hour is more food, this
great productive northwest has as
sumed a responsibility that will test
its capacity.
"Our brave European allies have
been fighting nearly three years for
|! a cause that is as much ours as theixg.
In making this fight they have emf.
ployed all Of the men and credit at
their command. They have built up
the most powerful fighting machines
that the world has ever known, and
in those nations food production has
suffered at the expense of greater
military efficiency.
Must Give Aid.
"Now that the United States has
taken its place among the nations
fighting for democracy, it is up to us
to render the quickest aid that can be
provided. Our allies already have
their armies in the field, and our first
opportunity to aid them is to supply
them with the wherewithal to buy
food.
Wars cannot be conducted without
money. It is the first thing to be pro-
| vided. In this war it is the most
important help-the most efficient
help we can give them. We not only
must finance the needs Of our own
government, but we must help the
allied governments making common
cause with us against Germany and
making common cause with us in our
effort to establish liberty throughout
the world.
The liberty Loan.
This war bond issue, which I have
called the Liberty Loan Is an issue
of United States government bonds
| DedTIH8 tHree GsH0 One-naL per cenl
interest, which is to be sold to the
people of the United States for the
| purpose of raising in part the neces-
sary money to carry on the war with
Germany.
"These bonds will be issued in de.
nominations Of $50 to $1,000 each with
interest payable semi-annually, and
they are exempt from all taxation by
federal. state and municipal authority
except, of-course. the inheritance tax
The bonds are an absolutely safe in.
vestment and offer a happy medium
through which high and low, rich
aid to the government in carrying or
the present war.
Il have called this loan the Liberty
Loan because the money derived from
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