New Britain herald., 1918-03-02
NEW LIBERTY LOAN
 OFFERED APRIL 6
Opening of Campaign on AnniVer'
 Sary Of War With Germany

against Germany, Wnlcn IallS OH April $, will be distin2uishe ed by opeu- ing the campaign for the third !ib- ertv Loan. This announcement sub icct to the action of congress in the matter of additional legislation i,i creasing the authority of the secre- tary of the treasury. was made last night by Secretary McAdoo.
 The precise nature of the modifica- lions to be sought from congress lu the character of the next issue Of bonds has not been indicated. How ever it is more than suggested by discussion in banking circles for seT- eral weeks past A feeling exists that to successfully place the large volume of the third issue there must be some and the taxable character of the sec ond issue, otherwise, it is contenled, the bonds would not be accepted by the investment public.
 It is recognized by high financial authorities that three successive de- mands on the investment power of the American people within less than a year may have diminished the ;tI'jl- ity of the country to respond in the measure and with the promptitude that characterized the sale of the other issues. It is not unlikely, therefore, that within the next fort night the banking opinion of the country may advance the impression that the next issue of bonds must be free from all taxation in order to make the issue sell up to the volume of $3,000, 900, ,0O0 as it is the desire to do.
 It has been argued that such an issue would be almost wholly calcu- lated for sequestration in the posses sion of the rich and the loan would lost it's popular character. Secretary McAdoo has said to this that he has abiding confidence in the American people and will endeavor to make this issue as the preceding ones, accept able to the people generally, avoid 'ng any appeal to a special class of Investors and relying on the vast re- sources of wealth in the United States and the patriotism of the people.
 McAdoo's statement.
 After stating the date of the cam paign opening, the secretary con- tinued:
 '"The amount, terms and conditions of the loan have not yet been decided, but the features are dependent on fur ther legislation. | expect to ask con- gress at an early date to grant the necessary additional authority. Of course, the opening date of the cam paign is somewhat dependent upon the new legislation, but it IS hoped and believed that the matter can be con- sidered and determined in ample time
 S fo suggested. April will forever be consecrated day in Ann erican history and it seems peculiarly appropriate that the opening of the second year of our participation ill this war for the honor and rights of America and freedom of the world should be cele- brated with d nationwide drive for another Liberty Loan.
 '"The campaign should begin with great demonstrations of patriotism in every city, town and hamlet in the country that will truly express the spirit of aroused America. On that date every American should pledge anew to his government the tu1l measure of his resources and resolve to make every required sacrifice in the same fervent spirit that impels our gallant sons in the trenches of France
 
 shed their blood in Americas sacred cause
 "To carry forward Americas es- sential part in this war for righteous ness and justice every man and Wom- an in the country must lend their available means to the government, and l know Of no more fitting time for such a patriotic response to the i call of duty than the beginning of the second year of the war.
 '"The Campaign in an probability l will last three or four weeks, and an nouncement of the opening date is made at this time in accordance with l my promise to make public all mat i CTS connected with the loan as soon Is determined and in order that an- ole time may be given every com i munity to prepare for the event.
 1T earnestly hope that parades and 1 patriotic meetings will be held in all i parts of the country. The Treasury i! Department will endeaVor to make i the observance of the anniversary of I the declara ton of war as memorable l as was the patriotic observance dur ! ing the second Liberty Loan cam ! paign of Liberty Day on the 24th of ] October, 1917.'
 The nation already has absorbed | S5SOS.000, 0,000 of Liberty Bond ! $2,O0O,O00000 of the first issue and i $3,SOS. 900 900 of the second issue. In ! addition nearly $1,4OO, 100000 of cor tificates of indebtedness to be met ! from proceeds of the third loan and l about S1,125, 100000 tax certificates due next June, are outstanding.
 With April only five weeks dis tant from tomorrow Secretary Me Adoo will have to rush his program for issuing $3.000, 100000 of certif- | cates before the loan campaign opens. 1 When he announced his intentions of issuing this quantity of certificates