Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-05-23
Secretary of Treasury Ex-
plains Liberty Loan and
Duty of Americans to Sub
scribe to 1t at Once,
MONEY TO BE USED
AT HOME ENTIRELY
Credits Extended to Great
Britain, France, Belgium,
Italy and Russia viii Be
Paid Out in b. S,
,rv nosslno Ious, Al SPECIAL .r.sso w,Rs

icy MORNING iouR, Al SPECIAL LEASED ~tHsl
Denver. Colo. May 22.-Secretary
McAdoo of the treasury department
announced here late today his intention
to make a second trip on behalf OF
the liberty loan. This Journey will
carry him co New York, Boston. De-
troit, st. Louis. Cincinnati, Pittsburgh
and Harrisburg, Pa. He will leave
Washington June 4 to make this tour.
Because of the patriotic response
of the people of the cities | have al
ready visited and the deep interest
they have displayed in the liberty
loan" Secretary McAdoo announced
upon his arrival here late today. II
am convinced / should go to other
cities and explain the situation.
West Is Cooperating.
II have found the people of the
middle west and west cooperating
magnificently to make the liberty loan
success. We must greatly over
subscribe the first issue of $4,000. 000,-
600 to show the enemies Of liberty
that the American people are aroused
and thoroughly In earnest In this war
for freedom and humanity. Pressing
public business requires my return to
Washington before visiting some of
the cities | had been urged to include
in my itinerary, but l am planning TO
make another short trip to reach as
many of the people Is possible"
The plans of Secretary McAdoo's
present trip which already had been
announced. carried him as far az Kan
sas CITY He arranged today to go
from Kansas City to Columbus, O.,
arriving there Saturday. May 26, and
leaving the same night for Washing
ton. ton.
Mr.. McAdoo arrived in Denver at s
o'clock. two and a half hours late, his
train having been delayed by heavy
rains in Nebraska. Despite the delay
and consequent changes in the pro-
gram here he was given an enthusias-
tic reception as the parade Of automo-
biles led by a military band and a
company OF infantry which escorted
him passed through the business dis
trict to the auditorium.
Crowd Waits Long.
The crowd. which filled every avail
able part of the theater portion OF
the building, had been waiting more
than an hour for the secretary's ar
rival. and gave him a tremendous
ovation when he stepped upon the
stage. Every man and woman In the
audience rose and cheered while the
band played THE Star Spangied Ban
ner."
Before discussing the liberty loan,
Mr.. McAdoo told his hearers war was
"just as unacceptable for the American
people as II is to escape the rising Of
tomorrows sun"
After repeating President Wilson's
statement that the United States IL
not fighting the German people but
"the German military system which
is trying to enslave the world" Mr.
McAdoo referred to the new democ-
racy of Russia, ito those people we
have lust extended recognition and
to whom I have just, in the exercise
of powers conferred upon me by con-
gress, extended a credit of 100000
900 to let them understand that Amer
ica's profession of friendship and sup
port are not lip service"
Not Martial Ends Sought.
This is the only kind Of war. Mr..
McAdoo said. in which the United
States could afford to engage. I'VE
would not go into any war for ma
terial ends. We would not lift a fin
ger to take square inch of the soil
of any other nation. We do not want
any indemnities or any compensation
for what we do in this war. W are
fighting for an ideal, which Is the
only thing that makes any nation
great. We do not intend to be drawn
on the chariot wheels OF any mill
tary autocrat, as poor bleeding Bel
GUM has been for the past three years
and as Serbia has been for the same
period of time.
"And when America sits at that
council table of peace she must bear
upon her brow the crown Of Justice
and in her eyes must shine the light
of liberty and love of humanity.
THAT is the problem" he contin-
ued. What must we do to meet II
Wars cannot be fought without mon-
ey. The first step In this war, the
most effective step that We could take
was to provide the money for It's
conduct"
Tells of Steps Taken.
Mr. McAdoo then related the mon
etary steps already taken--the au-
thorization by congress of a $1,000.
100000 credit and the extension by
the government Of credits totaling
1925 100000 to the entente allies.
But it makes no difference" he
added, how much credit we extend;
We are extending it for service which
Is essential for our protection.
This money Is not going out Of the
he said. 'All this financing
is largely matter of shifting credits;
1t is not going to involve any loss OF
gold. it is not going to involve any
loss Of values These moneys are go-
Ing to be put back In circulation, put
back promptly into, the channels Of
business and circulated and recircu>
lated to take care of the abnormal
OF the country---a prosper.