Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-06-06
McAdoo Pictures US.
Asking for Justice Alone
Secretary of Treasury Says He Likes to Imagine
America in Peace Council Contending Only for
Justice Between the Nations of Earth-Speaks
Before Bay State Officials

Boston, June 5.-A picture of America
sitting in at the peace council with con-
tention only for justice between the ma
tons of the earth was drawn today oy
Secretary of the Treasury McAdoo. He
made two addresses here during the day
in explanation of the Liberty Loan and
then left for Detroit.
1t was before Gov. Mccall and other
officials of state and city and several hun
dred chairmen of Liberty Loan commit
tees and sub-commitetes who rendered
him a luncheon at the City Club, that he
turned from the economic phase OF Amer
ica's participation in the war to depict
the peace table scene.
Now, gentlemen" he said. there IS
another thing that we have got to v1ndl-
cate in this fight and we have got TO
stand for it at the peace council when
we sit in at the council of the nations,
and 1 like to let my imagination play
on the important part that America 10
soing to perform. When the council Is
going to convene-and God grant that It
will convene soon-there she sits with the
crown of disinter estedness upon her brow
with the benignant crown of humanity on
her head. with the light of justice in her
eye contending with all these interests,
selfish and unselfish, for one thing only
and that is for justice between the ma
tions of the earth.
What a glorious thing it is that we
stand for that. We ask nothing eX-
cept that for humanity. for America;
we ask 1t in order that liberty may
tn Gnnrpmr
throughout the whole civilized .uni-
verse"
Secretary McAdoo emphasized what
he said were the dangers of making
the taxation to meet war expenditures
too small Let us make up our minds
that we will not be any more tender
with our dollars than we are with the
lives of our young men, he said. 1t
would be the worst thing that could
possibly happen to business and to
America, If we were not willing to go
forward and raise at least as much as
one billion, eight hundred million dol
lars next year. That is 10 per cent of
the total sum that must be raised. We
can stand it. Why, our annual incre-
ment Of wealth is fifty billions a year
anu you are DelHS dSheu 10 COlllTlDute
in taxation for these noble purposes
and for the protection of your property
only three and one-half per cent. of the
annual increment. of the national
wealth.
Let me call your attention to the
fact that for the next year the gov
eminent in this country is business it
self. I say that the government is
business because the government has
got to control ten billion of expendi-
ture upon which the very prosperity of
the people of the land rests in the next
few months and if wisely expended
there will not be any trouble"
ION the other hand, my one wear
Is that the issue of one billion, eight
hundred millions of bonds IL going to
expand the credits to such an extent
that we may get q dangerous infia-
ton. The only possible corrective for
that tendency. the only safe check
that we can put upon it is q reason
able measure Of wholesome taxation.
Economy is necessary to the sue
cessful conduct Of the war, the secre-
tary said. 1t does not matter wheth-
er somebody says Economy is hurt
ing my business" that is part of the
sacrifice necessary. He explained that
by economy he did not mean unnec-
essary self denial. but preventing
waste. extravaganza, refusing OF con-
sumo things not actually required for
normal needs and interests, the stop-
pase OF Injuries. Those things are