, 1917-10-18
THE SECOND
LIBERTY LOAN.
(By w. G.. McAdoo. Secretary Of the
Treasury

For the purpose of e~quipping with
arms, clothing and food our gallant
soldiers who have been called to the
field; maintaining our navy and u
valiant tars upon the high seas; pro-
viding the necessary means to pay the
wages of u soldiers and sailors, and,
IL he bill now pending In the Con-
gress passes, the monthly allowances
for the support of their dependent
families and to supply them with life
insurance; constructing a great fleet
Of merchant vessels to maintain the
line of communication with our brave
troops in France, and to keep Dur
commerce afloat upon the high eas
In defiance of the German Kaiser and
his submarine; creating a great fleet
Of aeroplanes, which will give COM
plete supremacy in the air to the
United States and the brave Nations
fighting with US against the German
Military Menace: and for other neces-
sary war purposes, the Congress of
the United States has authorized the
Secretary of the Treasury to sell to
the American people bonds of the
United States bearing four per cent
interest, with valuable tax exemptions,
and convertible under certain condi-
tons into other issues of United
States Bonds that may be authorized
by the Congress. The official circular
Of the Treasury Department gives full
details.
There is now offered to the Ameri-
can people a new issue of SO, ZOO, OO0.-
900 of gold bonds to be known as the
second Liberty Loan bearing 4 per
cent interest. They will be issued in
such denominations and upon such
terms that every patriotic citizen will
have an opportunity to assist the gov
eminent by lending his money upon
the security of a United States gov
eminent bond.
1t is essential to the success of the
war and to the support of our gallant
troops that these loans shall not only
be subscribed, but oversubscribed. No
n is asked to donate or give his
money to the government, but every
one is asked to lend his money to the
government. The loans will be repaid
in full with interest at the rate of 4
pCi SShl pei dhAull- - 6ONtTuulouI
bond is the safest investment in the
world; it is as good as currency and
yet better, because the government
bonds bear interest and currency does
not. No other investment compares
with it for safety, ready oonvertibility
into cash, and unquestioned available
lty as collateral security for loans in
any bank in the United States.
People by thousands ask the Treas
ury constantly how they can help the
government in this war. Through the
purchase of Liberty Bonds every one
can help. No more patriotic duty can
be performed by those who cannot
actually fight Upon the field of battle
than to furnish the government with
the necessary money to enable it to
give our brave soldiers and sailors all
that they require to make them strong
tor the fight and capable of winning
4 swift victory over our enemies.
We fight, first Of all. for Americas
vital rights, the right to the unmolest-
cd and unobstructed use of the high
seas. SO that the surplus products Of
our farms, our mini and our factories
may be carried into the harbors Of
svery friendly nation in the world.
Dur welfare and prosperity as a peo-
pie depend upon our right of peaceful
Intercourse with all the nations of the
earth. To abandon these rights by
Withdrawing our ships and commerce
from the seas upon the order of q
military despot in Europe would de-
stroy prosperity and bring disaster
and humiliation upon the American
people.
We fight to protect our citizens
against assassination and murder
upon the high seas while in the peace
tul exercise of those rights demanded
by International law and every in
stinct and dictate of humanity.
We fight to preserve our Democra-
tic institutions and our sovereignty
rs a nation against the of a
powerful and ruthless military autoc-
racy headed by the German Kaiser,
whose ambition is to dominate the
world.
We fight also for the noble ideal Of
universal Democracy Inc Liberty, the
right OF the smallest inc weakest ma
tons equally with the most powerful
10 live and 10 govern themselves &C
cording to the will of their own peo-
pie.
We fight for peace, for that Just
md lasting peace which agonized and
tortured humanity raves and which
not the sword nor the bayonet Of a
military despot but the supremacy Of
indicated right alone can restore to
, distracted world.
To ecu these ends I appeal to
svery man and woman who resides