New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-04
VIII Address Meetings in
Carnegie Hall and
Cooper Union
Farmers of New Y ork
Are Holding Back
Cities Subscribe Heavily,
hut Rural Districts Slow
to Respond

H.. Treasury McAdoo will make two
s1ibsr,y Loan" addresses in New York
ci.v Monday evening. the first at
Carnegie Hall and later in the evening
q. Cooper Union.
vr NcAdoo will leave Washington
.o.morrow morning. arriving at New
York IN time TO take part in recep-
30, rendered By the members Of all
tho Liberty Loan committees of the
vew York Federal Reserve district.
In addition to his addresses in New
York. he will speak in the following
cities:
-s,. ST. Louis. Thursday; New Or
,aars. FRIDAY; Birmingham, Saturday;
Iouisyine and Cincinnati, Monday;
pittsburgh. Tuesday. Charles 5. Ham
lin. of the Federal Reserve Board, Will
accompany the Secretary to Boston
and Detroit. W. =. G.. Harding. gov
orror Of the Federal Reserve Board.
Win make the remainder Of the trip
uth him.
Wants Loan OversubscribCd
Secretary McAdoo said to-day that
70 was difficult for him to be away
rom Washington at this time, but
hat he had received such pressing
invitations from the cities he will visit
thar he felt that he should leave moth
ing undone which might help in any
way TO make the Liberty Loan an over
vbelminc success. il is of the uf-
most Importance that the Liberty Loan
be oversubscribed. he said. as an evil
dence that the people of the United
states are determined TO prosecute the
var vigorously.
An appeal to the average Amerl-
ran citizen 90 purchase Liberty
bonds as an investment was made to-
6ay By Nice-President Thomas f.
Marshall, as follows:
so much do common sense and
sound business judgment commend tie
Liberty Loan bonds as safe and &C.
mUnerative investment that ! can see
no necessity for urging patriotism as
a reason for buying such bonds. al
though I recognize the patriotic nature
o. the investment. These bonds pos
ties that I know Of possess, and Amer
leans with savings 20 invest should
eagerly avail themselves Of this really
splendid opportunity.
Wide Distribution Best
"lt will be very much better for the
nation al large If these bonds are wide
iy distributed among the people. It
would be, ~ my opinion, a national
misfortune If all this taX-free wealth
represented by the Liberty Loan bond
issue OF S5.000,00O,00O should pass into
the possession OF the rich and well-to-
do Of the nation, rather than in a large
measure into the hands of the ordinary
average American citizen.
Taxation is going 10 be higher all
over the country, as a result of TIC
var and conditions that are TO follow
Taxation is certain TO be more thor
oughly eXacted. Money in bank ana
money loaned out and other property
hitherto escaping taxation in whole
or On part Is going 10 be taxed ard
the taxes collected. If these Liberty
Loan bonds are in the hands Of only
the rich Of the country, upon tAo
poorer people of the nation there will
fall disproportionate part Of tho
burden Of the government.
There is no sacrifice. patriotic ~
otherwise, involved in the purchase OF
Liberty Loan bonds. Il is as good an
investment absolute safety. tax eV-
emption, net revenue and other things
considered as exists in the world, ana
D. IS d privilege to be able to acquire
one
There are strong patriotic reasons
why Americans should literally sup