The Elbert County tribune., 1917-12-28
THE 1917 ANNUAL REPORT OF
THE SECRETARY OF
THE TREASURY

The annual report of Secretary of
The Treasury McAdoo is unusual in
form, matter. and size. Eighty pages
constitute the report itself to which
ire added 270 pages of exhibits and
.ables and abstracts of reports of bu-
,eaus and divisions.
Some of the striking paragraphs of
he report are as follows:
- Our Unparalleled Problems.
Americas entry into the European
var brought the country face to face
with unparalleled and unusual finan-
ial problems, both in their variety
md magnitude. To these were ad-
led the inevitable accompaniment of
many other problems arising out of
essential economic readjustments nee
sssitated by the war and the trans
ormation of an unarmed and peace
'ul nation into n formidable armed
ombatant
Business as usual" can not, of
lourse, be adopted as the guiding
principle in time of war. Business
must be readjusted to the war-mak-
ng function of the Nation.
Economy of Superlative Importance
What is of snperlative Importance
the readjustment that must take
place is that our people shall be i'm
pressed with the necessity of econo-
MIXING in the consumption of articles
,f clothing. food and fuel, and of ev-
cry other thing which constitutes a
Train upon the available supplies,
materials, and resources of the coun-
,ry. Everything wasted now is moth
ing short of criminal
The great financial operations of
he government can not be carried
forward successfully unless the peo-
pie of the United States economize
in every possible direction, save their
money. and lend it to the govern
ment.
The Course of Dollar.
1t is easy to visualize the course of
4 dollar saved from waste and in
vested in government bonds: First,
it goes to the government as loan
for the war; second, 1t is expended
by the government for food, clothing.
and ammunition which go directly to
4 gallant soldier or sailor, whose
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great time.
There is no desire. however. on the
part OF the government to prevent or
to interfere with the freedom of legi-
innate trading in government bonds
that is, trading in good faith.
Our Credit and Our Army.
We must realize that the govern
ments credit is vital to the success
of the war: that it underlies every
activity. 1t is sacred duty of every
a glorious privilege by every patriot
to uphold the governments credit
with the same kind of self-sacrifice
and nobility of soul that our gallant
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the battle fields of Europe 1t is as
to sustain the govern
ment's credit as it is to sustain our
because our armies can not be
sustained unless the government
credit is always above reproach.
Our Courage and Resources.
The courages and resources of the |
Nation are so abundant that Ameri- I
"A g sllccess in the war IL beyond ,