The Barre daily times. (Barre, Vt.) 1897-1959, 1917-06-05
McADOO PREDICTS
GREAT PROSPERITY
FOR UNITED STATES
Bases Belief on Understanding That Ten
Billions Are to Be Spent By the AL
lied Governments for Prod
ucts of American Farms,
Mines and Factories.

some people profess apprehenslo
about the future of business" said NJ
McAdoo. "Why gentlemen, prosperity
the next IL months will be greater tina
it ever has hAen in our history. Yo
cannot prevent It if you try. The onl
thing that could stop prosperity woul
be the refusal Of the people to supper
the reasonable measures OF taxatio
that are needed, and to buy the bond
of the government"
The secretary addressed a great mas
meeting at Carnegie hall in behalf @
the Liberty loan, which, he warned
would succeed as it must succeed, onl
if everyone did his duty. He sppeale
to those who cannot fight on the battle
field to supply the means that will en-
able the government to provide for tn
soldiers who go to the front.
"We have offered this great libert,
loan" ne said. "What does it mean?
means that your government offers yo,
a privilege. 1t asks you men and womei
not to give something to your govern
ment, but to buy the best investment OF
earth, the safest thing YOU can possibly
possess, something that is as safe al
currency and yet better than currency
because currency does not bear interest
while these bonds do bear interest at 81
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 sc
upon the field OF battle TO protect YOU
| lives, your liberty and your property
Millions of young Americans, with the
fire OF patriotism in their hearts, are go.
| ing to respond to their country's call on
June 5. When they have been called
our duty is to see that they have every
thing that is necessary to make the most
effective soldiers on earth.
Il hear some grumbling about taxa
ton. Is it possible that in this rich
country, when our sons are going to the
front to give their lives for us, there
should be any quibbling about the neces-
sary taxation to take care of them upon
the field OF battle. While we must not
be unfair to property, while we must be
serupulously just in the imposition of
taxation and in the treatment of all the
economic questions which gain added i'm
portance during war time, property must
bear its just share of the burden.
II this war continues for another II
months, it is. probable that the total
amount of financing that the government
will have to do to cover its own e2pendi
lures and to extend the necessary credits
to the allied governments will amount to
Sl0,0o0,o0e,OOo. 1t is proposed that only
Is per cent of this colossal sum, namely
81 800 000, 900, shall be raised by new
taxation. When one considers the mag
nitude of this task and the probable
economic effects Of the sale OF $8,200,000,
600 OF bonds within II months and the
expenditure of the proceeds in the pur-
chase of supplies in this country, it does
not seem prudent or wise to provide by
new taxation a less amount than ST.
SOC. 100000.
"There is always a serious danger of
hurtful imitation in war time when such
great bond issues must be made. A rea-
sonable amount of wholesome taxation,
distributed, is the best correc
tive. The worst mistake made by the
federal government at the outbreak of
the Civil war was its failure to impose |
taxation vigorously and sufficiently. |
This led to train of evils, hurtful to
the credit of the government, and re-
suited in unnecessary sacrifices of hui !,
man life and treasure.
"To me ii is sad spectacle to see |
committees of various kinds coming to
and urging Congress that
he particular interest they represent be
-elieved of taxation, when at the same |
line, our gallant boys are walking UNI
to the registration officers
throughout the land, signifying their /
to die, il need be, in their
ountry's cause You men and women
Who create public opinion in this country
must make yourselves heard, and tell
,our representatives in Congress that
'ou are unwilling to support any policy
which is more considerable of the inter
SITS of property than it is of the lives
4 our brave and unselfish soldiers.
"We shall not fail ii everyone does
lis duty but | warn YOU that these
reat things do not achieve themselves.
hey can only be achieved through the
ombined energy, determination and spir-
of the American people. 1t is not
nough OF an answer to the challenge
brown down to us that we subscribe
for barely two billion dollars
/ Liberty bonds. We must oversub-
cribe this loan. Our answer to the
Military autOcracies of the earth must
e that the American people have billions
, sacrifice in the cause of liberty and
,lf-government throughout the world.
Mr.. McAdoo said that whatever differ
noes there may have been about the war
afore it happened and there were hon
It differences OF opinion about it, the
resent is no time to discuss them or to
link of them.
"Your representatives in thesCongress
the United States, the men Won sent
lere to speak for YOU. after having been
formed by your president of the issues
volved in this supreme contest in the
orld's history" he said, declared, by
'actiea1ly unanimous vote. that the
yhts and liberties of the American peo-
e had been put in jeopardy by the ag
essions of foreign power.
at makes no difference by what name
at foreign power may be called. The
CT that il has committed repeated sg- :
essions upon American rights, that il :,
IS subjected this nation to indignities =
ID wrongs which no self-respecting ma y
IN could afford to endure, that war has Il
suited. and that we are in it, means g
at every citizen, no matter what his \
rth or origin. owes fealty to the flag i
II know how TO zVmpathize with the y