Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-28
Mercilessly Denounces Ger
many's Acts in Address
to American Bankers
ASKS SUPPORT FOR LOAN
b a star Correspondent
ATLANTIC CITY. Sc


Association to righteous Indignation this
morning when II was voiced by the Secre-
tary of the Treasury, William c. McAdoo
with this indictment the Secretary pre-
sented at the same time eloquent testimony
10 the fact that the resources of America
were never ample for ourselves or so
formidable for our enemies as now He
called upon the nations bankers to ful0u
the grave responsibility which now rests
upon them to solve tho financial problems
OF the war and do their utmost to make
the hotation Of the second Liberty loan of
$4,000 100000 marked with such popular
success that II will be an inVncibe reply
10 Germany's challenge.
incidentally, Mr.. McAdoo said hat he
had just received statement from the
Secretary of Agriculture estimating the
value of American farm and agricultural
products for the year 1917 at $1,000
100000. This. said Secretary NIcAdoo. is
the greatest value ever recorded
LIBERTY LOAN CAMPAIGN
In opening the campaign for the second
Liberty Loan of $4,000, 900 900 AIcAdoo
challenged the bankers of America to fling
back the German hordes on the battehelds
Of finance.
"The failure OF single issue of Govern
ment bonds" the Secretary of the Treasury
said would be worse for America than
disaster upon the field of battle"
Americas forthcoming bond issue. he said
Is tpltteu dBdlllSl a. corresponding lodn III
Germany. Quoting "A Berlin manifesto
which boasted of a successful subscription
campaign in the Teutonlc empire, McAdoo
declared:
Let us meet that challenge by a sub
scription to our second Liberty Loan on
the twenty-seventh day of October nine
DAYS after the close of the German loan.
which will make clear to the German mill
tary despotsm that American marshals not
& alone her brave soldiers upon the field,
her invinCible navy OF the high seas hei
Industries throughout the length and
breadth of the lnad but as well her hnan-
cial resources, and that she is determined
to use them all,>without stint and regardless
of sacrifice to Vindcate American rights.
outragde too frequently by German in.
famies.
let us answer this challenge by makins
clear to the world that the American pcu,
pie with transcendent love o. justice and
of country, stand solidly behind their greaN
President and support unequivocaiy tho
purposes of this war"
Before June, 1918, the United States will
have to raise by additional bond issues. sale
McAdoo between thirteen and fourteen biz
lions Of dollars. Approximately FIVE biz
lions of this amount will go as loans to our
Allies.
ITO raIee thirteen or fourteen billions of
dollars, he said "on OF before the Goth of
June, .19lS by the sale OF bonds in recur-
impossible task
1T is a stupcndCus undertaking, but it
Is not impossible for America 1t is not
easy but IL can be done. Our resources are
adequate; our will is perfect; our spirit is
indomtable and our success Is certain.
I'VE have only to pull togetheT-bankers,
LAWYERS doctors, manufacturers, farmers,
wage-earners labOrers. men ana women
alike Girl Scouts and Boy Scouts and every
other class Of people-and we can 90 the
iob"
y Tho second Liberty Loan said McAdoo,
will be more attractive to the small man
than the first The new bonds Will bear
4 per cent interest and Will be exempt from
all taxes except superincome. excess proiit
and inheritance levies. The bonds OF the
first loan, on the other hand, were exempt
from NEUTRALITY-SUSPICIOUS. wealthy men, ac-
cording to Secretary McAdoo. IAN undue
advantage" This inequality is eliminated
In the new loan, he said
Reasserting Americas reasons for enter
ing the world conflict. Secretary McAdoo
declared
ut has been repeatedly stated that Amer
ica entered this war to make liberty and
democracy secure throughout the world.
While that is true it must always be re-
membered that America entered the war
for a more immediate reason. Noble ana
idealstic as is her championship of unit
versal democracy. she entered this war pri-
marily because of the persistent insults and
sggressions of Germany, the wanton dis
regard of American rights within our own
borders. as well as upon the high seas, the
cortemptuous violation Of international law
and the ruthless destruction of American
life and property"
Picturing America as 1.-The valiant knight
who came upon the scene in the blackness
Of the night and rescued civilization" Sec
retary McAdoo declared that he has not
the shadow of a doubt that victory Will be
complete, that Americas honor will be vim
ncated that Americas vital rights VIII be
preserved that peace upon stable ana
Just basis will be re-established and that
democratic institutions will be extended
throughout the earth"
Pro-German propaganda within our gates
was scathingly denounced by McAdoo.
1T is well for the American people TO
realize" he said, "the hypocrisy and dis
loyalty of all these efforts and 10 determine
10 stamp them out relentlessly and remorse-
lsssly, because the interests OF the nation
must at no. time be imperiled more by the
traitors within our walls than by the enc
niles without"
PATRIOTIC APPEAL CHEERED
Tremendous applause greeted the Secre-
tary when at the conclusion of his indictment
OF German acts of violence and German In
trlgue he exclaimed why my friends, If
there is single American who can read
that record of German infamy and still de-
clare that there Is no justification for the
ehuance of the United States into the war,
then yellow blood runs in that mans veins
snd there is not drop of real American
blood in him."
The bankers also greeted with enthusi-
.st.c approval his appeal to them 10 lend
.nelr aid to the commercial undertakings
necessary for the successful prosecution or
me war by engaging more widely inreds-
counting operations.
we must not continue TO hug that hoary
uosina OF not rediscounting,n he urged earn
ssty, when II is essential that we re-
Stscount. Why should we cling TO a policy
sla' In the past has thrown the Government
neo spasIns OF disaster when opportunity
now given to prevent recurrence Of such
victory is as sure tomorrow's SUM-"
eselared Carl Vrooman. assistant Secretary
Agriculture, In addressing the bankers
'hls morning
The only question is how soon our
uihph Will come. This is a food war
Nv and, he added I'VE have the food.
Sen though we are facing wars mosf
seoiul NEUTRALITY-SUSPICIOUS..
. not our famine. but that OF a sis
,,'nnooq OF nations, for we know thai
Unions OF our fellow men are starving In
~ tnls dread mother or pestllence Is our
ms var Is 10 be won. We shall hays