The Bridgeport evening farmer., 1917-09-28
LIBERTY LOAN OF: !. 3 BILLION TO BE 0vE;R-SUBSCRIBED So McAdoo Confidently Pre- diets In Speech Before A. B. A. WEALTHY URGED TO
 BUY GENEROUSLY Resources of Nation Greater Now Than Ever Before
 In History.

Atlantic City, N. d., Sept. zo.-VaSI ver-subscription of the three billion dollar second Liberty loan was con hdently predicted by Secretary Mo Adoo in an address here today before the American Bankers association, calling upon the bankers to give the same patriotic support to the new bond issue that they gave to the first
 "It has been, urged upon me-" said the secretary, l"that many men Of wealth will refuse to Nbuy the 4 per cent bond with liability to super-in- come taxation. I should be loath to believe this, but if it it is true, the position of the government must a1- ways be to offer a bond upon terms fair and equitable to all alike and which will make the widest possible appeal to all the people without regard to the fact that a man may be rich or poor. It has been suggested to me that patriotism should play no part in the sale of government bonds. l I do not concede this, although I be- l lfeve the American people will buy these 4 per cent government bonds on their merits. Patriotism is first love of country above everything I above life itself; secoond, love of coun- try combined with that vital interes, in the nations welfare and safety which will make secure the materia. interests of each individual and pro. mote his happiness and prosperity.
 If this be true, the man of wealth with patriotism or modified patriot ism or without patriotism, has g 1 greater stake in the security of the government than any other class. be. cause if the goyernment's credit if I destroyed and disaster comes upon the country, as it inevitably will if the tgovernment's credit fails, what ii property worth to the rich ma.n2 Wha, is life worth to the free nan?''
 Emphasizing the tremendous f1nan. cial task ahead of the nation, MT I MeAdoo pointed out that it would b, necessary to raise between 13 and 1. billion dollars fby additional bond is tsues before June 30,. 191s This wil not be easy, he said, but it. can b. done by everybody, banker, b,1sines man and men and women in ever, walk of life joining hands to see i through.
 "Fortunately," he added, s'the re Isources of America were never so am iple for ourselves and so formidabl, flor our enemies as now. The com
 hined resources, of the; natoina1 ant state banks Gnclud1ng trust compa inies) of the United States, are nov
 $37, ,000, GOO, 900. At the outbreak of tn, lcivn war the combined resources 0 the banks were estimated to be $1, 800, ,000, 900, and yet with these lin1ite, banking resources the union govern
 ment raised $3,e00, coo, 900 lby bond sales
 or twice the amount of the banlins resources of the country. Upon tn same basis we should now be able t . raise $74000, 100000 through govern
 ment loans. am not suggesting tha . this may be done; I am only draw1n, a comparison
 The secretary briefly reviewed tn
 causes for Americas. entry into tn
 war, declaring this could not be don , too often because of the efforts C noisy agitators and disloyal writers t , confuse the issue. Much of thi I propaganda he said, probably ha , been carried on with money left be hind for the purpose by von Bern . storff, the adroit and malevolent Ger 7 man ambassado
 While 1t is true that America we1 , to war to make liberty and democrac f secure throughout the world, said M
 McAdoo, it must be remembered ths of American rights and ruthless d. F diate reason-the wanton disregar
 of American rights and ruthless d< , struction of American life and proI
 erty. If the United States had a. quiesced in the kaiser's order that i
 shipping stay off the seas, he d,
 clared, -s3,4oo.ooO,0oo of America
 commerce with Great Britain, Franc
 and Italy would have been cut off an
 with "one stroke of his pen, tf
 kaiser would have accomplished mol
 idestruction on our farms, In our fa
 tories and in our mines than F
 could achieve with all the armies ar F navies of the German empire.'
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