Bridgeton pioneer., 1917-06-07

Unparalleled
10 Billions To Be Spent in
United States.
A PLEA FOR LOAN
Secretary rlcAdoo Presents Strong
Statement to the American
Public.

AOih n, cuAC C'-l6U
dollars to be spent during the coming
year by the United States and the al
lied governments for the products of
American farms, mines and factories,
Secretary McAdoo declared here last
night, will bring to the country the
greatest prosperity in its history.
Some people express apprehension
about the future in business. said
Mr.. McAdoo. "Why, gentlemen. pros
perity in the next twelve months will
be greater than it ever has been in
our history. You cannot prevent it.
if you try. The only thing that could
stop prosperity would be the refusal
OF the people to support the reason
| able measures of taxation that are
needed, and to buy the bonds of the
Government"
| The Secretary addressed a great
| mass meeting at Carnegie Hall in
behalf of the Liberty Loan, which, he
warned, would succeed, as it must
succeed, only if every one did his du-
| ty. He appealed to those who cannot
night on the battle field to supply the
means that will enable the Govern
ment to provide for the soldiers who
| 90 to the front.
IF this war continues for another
twelve months, continued Mr.. Nc
| Adoo, 'it is probable that the total
amount of financing that the Govern
ment will have to do to cover it's own
expenditures and to extend the ne
cessary credits to the Allied Govern
ments will amount to $10,000,0OO 900.
1t is proposed that only Is per cent.
Of tais colossal sum, namely $780,
| cO9,O00, shall be raised by new taxa
ton. When one considers the mag
| nitude of this task and the probable
economic effects of the sale of S.
| 20O,O0O,O00 of bonds within twelve
months and the expenditure of the
proceeds in the purchase of supplies
IN this country, it does not seem pru-
dent or wise to provide by new tax
alton less amount than $1,000 .OOO,
900.
There is always a serious danger
of hurtful imitation in wartime when
such great bond issues must be made
A reasonable amount of wholesome
taxation, properly distributed. is the
best corrective.
We shall not fail if every one does
his duty, but l warn you that these
great things do not achieve them
selves. The can only be achieved
through the combined energy, deter
| mination and spirit of the American
people.
Where there is democracy and
f-governme1t nations cannot be
hurled into war by the arbitrary will
Of any individual. We have lived
here in the United States alongside
Canada, which is virtually great re-
public, because they have self-gov-
ernment, for more than 100 years,
and we have never had to patrol one
foot of the 5000 miles of border with
an armed soldier.
"The overshadowing danger to ci-
vilization today is the German mill
tary autocracy.
DO you know what would happen
If Germany should be victorious, as
should would be, if she could bring
France and England to their knees?
She would take the entire British and
French fleets, release her own great
fleet, which has been tied up in the
Baltic during the war, and combining
these with tne most destructive sub
marine fleet on the earth-because
she has it-she would come here and
put the iron heel of conqueror upon
your shores. We should have to fall
back to the interior, and there is no
telling how long it would take to ex-
pei the enemy, if We ever did. II we
couldn't do it promptly, do you know
what would happen to America? We
should have to make the most humil-
iating terms that any great nation
ever made to get peace. We should
have to pay an indemnity that would
represent probably half the wealth of
America, which is $25O.OOO, ,0OO, 900,
ttt" Hlt ests5lv t.taE "A tC 4iIC