The Washington times., 1918-09-25
PRESIDENT SPEAKS
FRIDAY IN GOTHAM
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cation: 20 per cent in November: 20
per cent in December; 20 per cent by
January 15, and the remaining 80 per
cent by February l.
Treasury officials have instructed
the loan campaigners to dig hard for
subscriptions from persons OF large
means and comfortable circum-
stances" Individual holdings of
bonds up to $4,000 are tax exempt
On this phase the loan workers will
direct their main selling campaign.
There will be an even greater ef-
fort at boosting community sales.
Numerous trophies are offered as
prizes. Competition is expected to be
the keenest ofSny loan yet author
lied.
The aIlotments for the country, d.
vided into the zones fixed by the
Federal Reserve banking system. are
as follows:
Boston, $500, oOo, 900.
New York. 1880 .0O0, 900.
Philadelphia, $500. OOO, 900.
Cleveland. 5000. OOO.0O0
Richmond. $3.50, 100000.
Atlanta, $192.OOO,oO0.
Chicago, $4,000, 900.
St Louis. $26O,000.0o0.
Minneapolis, $21O000.00o.
Kansas City. 10000. 900.
Dallas, $126,oo0.Oo.
NEW YORK. Sept. 25.-In an ad-
dress before a large gathering of Lib
erty Loan organizations of the Sec
ond Federal Reserve District, Secre-
tary McAdoo announced that the
amount of the fourth bond issue
would be $4,000, o0O. 900 bearing an in
terest of Az per cent.
Secretary McAdoo said that every
one should buy Liberty bonds because
wages and salaries in America are
higher than ever before in the history
OF the country and those who are not
saving money are not only living in a
FOOLS paradise but injure their coun-
try.
He declared thar every dollar saved
now and invested in Liberty bonds
will be worth much more when peace
man in the United States will hnd
their savings worth twice as much
in purchasing power after the war.
mo great army can fight in the
field under modern conditions Of war
fare" said Mr.. McAdoo, unless 1t Is
supported by other great armies at
home, equally strong for the various
parts they must perform, and equally
co-ordinated and synchronized in eff
fort with the lighting forces These
home armies must be organized for
every part of essential war work.
We must have an effective army OF
transportation, an effective army of
war industries, an effective army of
food and fuel production, and we
must have and maintain all the time
an effective army for Liberty loans.
while no one thing will win this
war, certain things are basic to the
war, and, therefore, are Of outstand-
ing Importance. The Treasury OF the
United States is basic to the war.
There is no activity OF the Govern
ment engaged in war work, and there
are few activities of private enter
prise engaged in war work which do
not ultimately transmute their re-
quirements into demands upon the
United States Treasury. Unless the
Treasury is strong enough to answer
every call instantly and in full, the
essential war Industries OF the nation
may be arrested or slowed down, and
the fighting power of the armies in
the field may be gravely reduced, with
serious possibilities of disaster.
'"The Treasury OF the United States
asks the American people to subscribe
OO0, 900. This money is needed to carry
on the war. We can not lick the
Kaiser Sri,uo IL We can not restore
peace to the world and re-establish
liberty and democracy without it"