The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1918-03-06
THIRD LIBERTY LOAN.
ANOTHER BIG WAR FUND no BE
RAISED NEXT MONTH.
"Details OF Loan tn be Announced Ia
tci-Amount OF Bonds to be Of.
fcrcd and Rate of Interest Not Yet
Decided.

first anniversary Of the United States
entry into the war. the third Liberty
loan will open. There will be a cam
paign of three or four weeks.
In announcing the date tonight Sec
retary McAdoo said the amount OF
the loan, the interest rate and other
features such as convertibility OF
bonds of previous issues. maturity
and terms of payment are yet to be
determined and that new legislation
will be necessary before plans can be
completed.
The fact that the amount of the
loan is dependent on further legisla-
ton indicates that 1t will be for more
than $4,000. COO, 900. the remainder au-
thorized by unissued bends. and the
fact that certificates of Indebtedness
now being sold in anticipation of the
loan bear 4 1-2 per cent. affords
some indication of the interest rate.
How large the loan shall be depends
largely. however. on tho fate of the
pending war finance bill carrying an
appropriation of $500, 900, and ac-
tion on the railroad bill with it's ap-
preparation of similar amount.
The statement concerning the date
OF the campaign was made at this
time. Secretary McAdoo explained. to
give every community time to pre-
pare for the big bond sale, and he
strongly advocated popular demon
strations of patriotism on the day OF
the opening of the loan and the sec
ond year Of war
After stating the date of the cam
paign opening the secretary contin-
ued:
THE amount terms and conditions
OF the loan have not yet been decid-
ed because these features are de-
pendent upon further legislation. /
expect to ask the congress at an
early date to grant the necessary ad-
ditfonai authority" or course the
opening date of the campaign is
somewhat dependent upon the new
legislation but it is hoped and be-
lieved that the matter can be consid-
cred and determined in ample time
to begin the campaign on the date
suggested. April 6 will forever be a
consecrated day in American history
and 1t seems particularly appropriate
that the opening Of the second year
of our participation in this war for
the honor and rights Of America and
the freedom of the world should be
celebrated with a nationwide drive for
another Liberty loan
THE campaign should begin with
great demonstrations OF patriotism i'm
every CITY, town and hamlet in the
country that will truly express the
spirit of aroused America. ON this
date every American should pledge
ure of his resources and resolve to
make every required sacrifice in the
same fervent spirit that impefs our
gallant sons i'm the trenches of Frame
and on the waters OF the Atlantic to
shed their blood in Americas sacred
cause.
ITO carry forward Americas essen.
tial part i'm this war for righteousness
and justice, every man and woman i'm
the country must lend their available
means to the government and know
of no more fitting time for such a
patriotic response TO the call of dutv
than the beginning of theNsecond year
of the war.
THE campaign in all probability
Will last three or four weeks and an
nouncement of the opening date is
made at this time--in accordance
with my promise to make public all
matters connected with the loan ms
soon as determined and in order that
ample time may be given every COM
munity to prepare for the event.
II earnestly hope that parades and
patriotic meetings will be held i'm all
parts OF the country. The treasury
department will cndeavor to make the
observance OF the anniversary of the
declaration of war as memorable AS
was the patriotic observance durine
the second Liberty loan CAMPAIGN of
Liberty day on October "a. 1917"
Campaign work for the third loan
already has started actively. Posters
have been prepared, publicity planS
drawn and local organizations reaIien-
cd. Important essential securities
have been Kept off the investment
market through voluntary coopcratioo