Bisbee daily review., 1917-05-23


 "This money is not going out of the country" he said "All of this financ- ing is largely a matter of shifting credits; it is not going to involve any loss of gold; it is not going to involve any loss of values. These moneys are going to be put back into circu- lation, put back promptly into the channels of business and circulated and re-circulated to take care of ab- normal prosperity of the country-a prosperity that will be greater in the present year than ever before in our history"
 All Urged to Help
 To make the loan a success. the secretary said. every man must work. Every man and woman in this coun- try must realize that the first duty they can perform for their country is to take some of these bonds" he continued Those who are not able to take some of these bonds ought to begin saving monthly 70 take some of them: and if they cannot save monthly or at all they ought to make some man or woman who is able to take some of these bands, subscribe. It depends upon you. Your govern ment cannot do what you can do for your government A government is not worth a continental unless it has the support of the people of the coun- try.
 We cannot all serve in the field; we have got to serve where we are called. Let us make a thunderous re sponse on the fifth of June-draft registration day-and then let us on the IA of June-Flag Day-go out and worship the flag which means liberty and protection for all of us. Then on tbe next day. June 15, let us all send in our subscriptions ~so that this great liberty loan will be five billions or ten billions, in subscriptions in steaG of two. as notice to the enc mics of the United States that they had letter pause and think whether it isn't better to stop this shedding of blood and further expenditure of treasure than to have to fight this organized and invincible republic"
 Mr McAdoo then referred to the necessity for financing part of the cost of the war by taxation.
 Victory Must Come
 "We shall probably have to finance in the next twelve months something like ten billion dollars" he said. He pointed out that the total amount of new taxation proposed was only s1,- SOO, 900. or IS per cent of the total financing to De done. Eighteen per cent Of the total of ten billion Gol- lars" he said, lis the very least pos sible amount to be raised by taxation if We undertake to finance this war conservatively and soundly. Never was there a nation so able to bear that burden, so able to bear taxation as the American nation, and never was there time when the American people were more agreeable to make the essential sacrifices to meet the situation"
 Referring t9 the necessity for vic tory MT. McAdoo said that if Ger many defeated Great Britain and France and got possession of the British and French fleets she would make it very uncomfortable for the people of the Unized States.
 "The amount Of indemnity you would have to pay" he said, would be thousands of times greater than any amount you will have to expend now, in carrying this war to a sue aessful issue"
 After the meeting at the auditor ium, MT. McAdoo was the guest of honor at luncheon at the country club where he met prominent bank CTS of the state aud discussed the question of floating the Liberty Loan. He left at 9:15 tonight for Kansas City.