Bisbee daily review., 1918-03-02
THIRD Liberty
LOAN DRIVE TO
START APRIL 6
Anniversary of Nations Entry
Into War Date M'Adoo Has
Set for Opening New Bond
Issue Campaign.
CBy Review Leased wire)

WASHINGTON March lon
Apri. 6th. the first anniversary OF
he United States entry into the war.
the third liberty loan viii open. There
viii be a campaign OF three or four
weeks.
In announcing the date tonieht.
Secretary McAdOO said the amount Of
loan, the interest rate and other fee
lures such as cOnvert rtibility of bonds
of previous issues, maturity and terms
Df payment, are to be determined,
and that new legislation will be neces-
sary before plans can be completed
The fact that the amount of the loaH
is dependent on further legislation
indicated that it will be for more than
s3. 500 0O0, 600 the remainder of au-
thor1zed but unissued bonds and the
fact that certificates of Indebtedness
now being sold in anticipation of he
loan bear AZ per cent affords some
indication of the interest rate. How
large the loan shall be depenGs
largely, however. on the fate of the
pending war finance bill carrying an
appropriation of half a billion dol
lars. and action on the railroad hili
with its appropriation of a similar
amount.
Although Mr.. McAdoO made nc
specific announcement it is now taken
for granted in official circles thaI
there will be but one more loan oe
fore June30, the end OF the fiscal
year.
Wants Demonstrations.
The statement concerning the date
of the campaign was made at this
time Secretary McAdoo explained. ~
give every community time to pre-
pare for the big bond sale mad he
strcnsly 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 coEtin-
ued:
The amount, terms and conditions
of the loan have not yet been decided
because these features are dependent
upon further legislation. expec; 10
ask congress at an early date to
grant the necessary additional au-
thOrity. OF course, the opening date
Of the campaign is somewhat depend
ent upon the new legislation, but *
is hoped that the matter will be con
sidered and determined in ample tirc
to begin the campaign from the Gat"
suggested. April 9th will forever he
a ccnsecrated day in American history
and it seems peculiarly appropriate
that the opening of the second yea
CT cur participation in this war for
the honor and rights OF America and
the freedom of the world shuld be
celebrated with q nationwide drive
for another liberty loan
THE campaign should begin with
great demonstrations of patriotism in
every city. town and hamlet that will
truly express the spirit of aroused
America On this date every Ameri-
can should pledge anew 10 his gov
ernment the full measure of his re-
sources and resolve to make eveTy
required sacrifice.
To Last Several Weeks.
''TO carry forward Americas es-
sential part in this war for righteous
ness and justice every man and w1IE-
an in the country must lend their
available means to the government
ard | know OF no more fitting time
for such a patriotic. response to the
call of duty than the beginning of the
second year of the war.
The campaign in all probability
viii last three or four weeks and an
nouncement of the opening date is
made at this time in accordance with
my promise 10 make public all ma
ters connected with the loan as soon
l..
pie time may be given every COM
munity to prepare for the event
Il earnestly hope that parades ar d
patriotic meetings will be held in all
parts of the country. The treasury
department will endeavOr to make the
observance of the anniversary of the
declaration of war as memorable as
was the patriotic observance during
the second liberty loan campaign OF
Liberty Day or the oath of October,
1917"
Campaign work for the third loan
already has started actively. Post
ers have been printed, publicity plans
drawn. and local organizations rs-
aligned. Even more important. non
essential securities have been kept
off the investment market through
voluntary cooperation of business and
financial interests with the federal re-
serve boards issues commission.
The nation Ia salready absorbed
5.SOS.0OO.00O of liberty bonds-S2.O 2.OOt.
900 Of the first issue and SS.SOS. 900
of the second issue.
Wants More Money.
With April 9th only Give weeks
rro,,, ~ A. ...sst
have to rush his program for issuing
$4,000. 100000 OF certificates before
The lean campaign open. When he
announced his intention Of issuing
this quantity of certificates to pre-