Evening star., 1917-09-28
Point He Does Not Coucede.


triotism should play no part in the sale
of government bonds. l do not concede
this although 1 believe the American
people will buy these per cent bonds
on their merits. Patriotism is. first,
love of country above everything
above life itself: second. love of coun-
try combined with that vital interest in
the nations welfare and safety which
will make secure the material interests
of each individual and promote his hap
pineSs and prosperity.
"If this be true, the man OF wealth,
with patriotism or modified patriotism
or without patriotism, has a greater
stake in the security of the government
than any other class, because il the
governments credit is destroyed and
disaster comes upon the country. as it
inevitably will if the government s
credit fails. what is prosperity worth to
the rich man: what Is Life worth to
the free man.?
Empha sizing the tremendous financial
task ahead of the nation, Mr.. McAdoo
pointed out that it would be necessary
to raise between thirteen and fourteen
billion dollars by additional bond is
sues before June 80, 1918. This will not
:;e easy, he said, but it can be done by
erybody-banker, business man and
men and women in every walk Of
life-joining hands to see it through.
Resources of America.
Fortunately" he added. the re-
sources of America were never SO SIM
Pile for ourselves and SO formidable for
our enemies as now. The value of our
farming and agricultural products for the
year 1917 is the greatest ever recorded.
In statement l have just received from
the Secretary of Agriculture he estimates
the value to be $17. .000. 900, 900. The COM
bined resources Of the national and state
banks dncIuding trust companies) Of the
United States are now $4,000, ,000, 600
fbn L nf he OF f1<
combined resources of the banks were
estimated to be $1,500.000,000, and yet
with these limited banking resources
the Union government raised $1,000
100000 by bond sales. or twice the
amount of the banking resources of
the country. Upon the same basis We
should now be able to raise $4,000
100000 through government loans.
am not suggesting that this may be
done: l am only drawing a comparison"
The Secretary briefly reviewed the
causes for Americas entry into the
war. declaring this could not be done
too often because of the efforts of noisy
agitators and disloyal writer's to con-
fuse the issue. Much of this propa-
ganda he said, probably had been car
purpose by Won Bernstorff. 'the adroit
and malevolent German ambassador"
Germany's Disregard Of Rights.
While it is true that America went
to war to make liberty and democracy
secure throughout the world, said
Mr.. McAdoo, lit must be remembered
that she entered also for a more i'm
mediate reason-the wanton disregard
of American rights and ruthless de-
struction of American life and prop
erty. If the United States had ac-
quiesced in the kaisers order that its
shipping stay off the seas, he declared
S3.400. 100000 of American commerce
with Great Britain, France and Italy
would have been cut off and with one
stroke of his pen the kaiser would have
accomplished more destruction on our
farms. in our factories and in our mines
than he could achieve with all the
armies and navies of the German en-
pire.'
Carl Vrooman's Address.
Carl Nrooman. assistant secretary of
agriculture. addressing the association,
today said that if the war is to be won
the United States not only will have to
put an army in the trenches, but will
have to put several other armies in the
field at home.
I'VE shall have to have an army of
food producers in the burrows" ne de-
clared. "a women's army of food con-
servers. beating back the attacks of
that World-old camp follower OF war,
famine and 4 patriotic army of civil
ians in the business and political
worlds. fighting against disloyal greed