The sun., 1918-03-02
THIRD LIBERTY
LOAN ON APRIL6
Campaign Begins on Anniver-
sary Of Americas Entry
Into the World War.
DETAILS NOT YET READY
McAdoO Expects Nationwide
Patriotic Celebrations
Will Mark Event.
DETAILS NOT YET READY
SpeciSl DespdfcA to THE SrN.

WASHINGTON, March THE third
Liberty Loan campaign will he opened
on April 8. the anniversary Of the
declaration Of war on Germany by the
United States. Official announcement of
the date was made by Secretary McAdoo
tonight. Terms and conditions, the in
terest rate and other details are de-
pendent on further legislation by Con-
gress. and will be announced at a future
date.
Under existing legislation the issue of
somewhat more than $4,000. 10000 is
authorised In addition to the amount Of
subscriptions accepted on the hrst and
SECOND loans This Is under the original
authorization. Necessary legislation for
the forthcoming loan will be passed in
Congress in time for fixing it upon a
DEFINITE basis.
The date Of the launching Of the cam
paign was announced Immediately after
the decision had been reached SO as to
give the fullest possible time for pep
aration for the loan by bankers COM
mittees, four minute men and other
local boosters in every community in tho
United States. The Liberty Loan bu-
reau Of the Treasury Is ready and wait
ing for the gong.
Posters Already Dlstributed.
Posters announcing the loan have
been printed and are ready for general
distribution. Thousands Of them have
gone to central distributing points. The
loan machinery has been reOrganized
and frightened up In many spots to in
crease efficiency on the basis of expert
ence gained in the first two issues.
In view OF the fact that loan subscrip-
tions will begin April 1t is probable
that there will not be more than two
additional issues Of Treasury certificates
Of Indebtedness of the biweekly series
being foated at Az per cent. interest.
About $500, 900. 900 of these certificates
have been subscribed by banks and sub
scriptons are being received OH second
issue OF the same amount,
It is believed by Administration OFF,
cials that the economic and business
situation which was upset by the coal
and Transportation difficulties in one Of
the most severe winters in history Will
be adjusted and that the country will
be In a position to absorb heavy bond
issue.
In addition hope is expressed that the
bill and other similar measures will be
out Of the way. 30 that the nation can
give enthusiastic cooperation to the loan.
Many communities have been planning
patriotic celebrations OF the war ami
versary date and Secretary McAdoo Is
confident that these meetings will be
converted into loan rallies. They are
counted upon to give fine send OF
to the third campaign.
The statement announcing the date OF
the campaign was made at this time.
Secretary McAdoo explained, to give
every community time to prepare for
the big bond sale, and he strongly ad-
yocated popular demonstrations on the
day OF the opening Of the loan and the
second year Of the war.
After stating the date Of the cam
paign opening the Secretary continued
''The amount. terms and conditions OF
the loan have not yet been decided, but
the features are dependent on further
legislation. ! expect to ask the Congress
a. an early date to grant the necessary
additional authority. OF course the
opening date OF the campaign is some
what dependent upon the new legisla.
tion, but Il is hoped and believed tina,
! the matter can be considered and de-
| ternaiHed In ample time to begin the
| campeign on the date suggested. April
8 VIII forever be a consecrated day In
Ams11can history. and It seems peculiarly
appropriate that the opening of the sec.
ond> year of our participation In thii
| war for the honor and rights Of America
| and fresdom OF the world should be cele.
brated with nation wide drive for an
other Liberty loan.
"The campaign should begin with
c.,u...d :, TlS,s po..