Arizona republican., 1917-05-23

greater Tn the present year than ever before in our history"
 10 make the loan a success, the sec retary said, every man must work
 Every man and woman in this country must realize that the first duty they can perform for their country is to take some of these bonds," he contin- ued. Those who are not able to take some Of these bonds ought to begin saving money to 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 bonds. subscribe. It depends up- on you Your government cannot do what you can do for your government A government is not worth a continen- tai unless it has the support of the peo- pie of the country.
 We cannot all serve in the field; we have got to serve where we are called Let us make thunderous response on ! the fifth of June-draft registration day-and then let us on the 14th of June-flag day-go out and worship the | flag which means liberty and protection fol all of us. Then on the next day, June l5, let us all send in our subscrip- tions so that this great liberty loan i Will be five billions or ten billions, in subscriptions instead of two, as notice to the enemies of the United States that they had better pause and think wheth- CT It isn't better to stop this shedding l or blood and further expenditure of treasure than to have to fight this or ganized and invincible republic
 MT. McA1oo then referred to the ne- cessity for financing part of the cost of the war by taxation.
 We shall probably have to finance hn like ten billion dollars" he said He pointed out that the total amount of new taxation proposed was only $1,8O0, OO0,O00 or IS per cent of the total fi- nancing to be done. Eighteen per cent of the total of ten billion dollars " he added, ''is the very least possible amount to be raised by taxation if we understand to finance this war conser- vatively and soundly. Never was there a nation so able to bear that taxation 80 able to bear that tax burden, as the American nation, and never was a time when the American people were more willing to make the essential sacrifices to meet the situation"
 Referring to the necessity for victory MT. McAdoo said that if Germany de- feated Great Britain and Trance and got possession of the British and
 French fleets, she would make it very uncomfortable fof the people of tht
 United 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 1T carrying this war to successful issue.
 He also touched upon the question o1 price regulation. saying that it might
 be necessary to regulate prices during
 the war to protect the producer anC
 that after he is given a reasonable re-
 turn, i've are going to see that the con- sumer does not pay an abnormal diff ference between the cost of production ard the selling price,
 After the meeting at the auditorium
 MT. McAdoo was the guest of honor al
 luncheon at the Country Club where he met prominent bankers of the stat,
 and discussed the question of floatin, the liberty loan.
 He left at 9:15 tonight for Kansas City.
 At the Country Club luncheon, MI McAdoo urged bankers, who were pres ent from all parts of the state, to as ! sist in selling the bonds. He compli ! n.ented the bankers for the assistanC they already have given, which h termed a work of patriotism inaSmuc as no commission is paid bankers fo handling government bonds. After MT. McAdoo had left for tn train, Governor Harding of the federa J reserve banks were ready to aid in thi work