Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-09-25
SECRETARY MCAOOO OUTLINES
GOVERNMENT PLANS FOR
FOURTH ISSUE.
BONDS TO RUN FOR
PERIOD OF TWENTY YEARS
Government Reserves Usual Right to
Redeem Thorn in 1933-Seeretary
MeAdoo Urges All People TO Buy
Ronds-condemns S~indler-mooe
Needed to Whip Kaiser. He Says.

New York. Sept. 25-Six billion dol
lars is the minimum amount which the
people Of the United States are asked
TO subscribe for the fourth liberty loan.
according to an announcement by
William G. McAdoo. secretary OF the
treasury, in an address here last night
outlining the governments plan for the
campaign, which starts next Saturday.
The loan, which will bear AZ per
cent interest. will run for twenty years,
maturing Oct. Is. 1888. unless the gov
eminent should exercise its reserved
right to redeem the bonds on or after
Oct. Is, 1888.
Needed to Lick Kaiser.
Asserting that, without this vast
sum I'VE can not lick the Kaiser" Mr..
McAdoo made special appeal for the
subscriptions OF corporations and
wealthy individuals. as returns. from
the third liberty loan indicated that
wealthy corporations and persons OF
large means had not responded com
mensurately with their abilities to
help"
He pointed out that Of the $4,000, 900
Americans who subscribed for the last
loan, only 22,500, including corpora
tons, bought bonds in excess Of s10.-
600
1T would be preposterous. he said.
ito say that there are only 1880 men,
women and corporations in America
able to lend more than $4,000 each to
their government in liberty bonds"
Condemns Bond SwindIers.
Mr.. McAdoo also condemned the
practice Of "swindlers and unscrupu-
lous and unpatriotic people, who, con-
trary to the request Of the treasury de-
partment. had induced holders Of lib
erty bonds to exchange them for stocks
or investments Of doubtful value"
Appla uded by a crowd which filled
Carnegie hall, Mr.. McAdoo said, in
part:
THE treasury Of the United States
| asks the American people to subscribe
to the fourth liberty loan. $4,000, 900.
900. This money is needed to carry or
the war. We can not lick the kaiser
| without It. We can not restore peace
to the world and re-establish libert.
and democracy without II.
I'VE are building a great merchan
marine. Upon completion it will be the
| largest. most efficient, and moderl
merchant fleet in the world. The mon.
| ey used for this purpose is an invest
| ment of immeasura,ble value to tn.
American people"
| All Should Buy Bonds
Asserting that Everybody SHOULD
! buy bonds" Mr.. McAdoo continued:
| Il was asked not long ago what ar
! gun. ent5 could be made for the fourti
liberty loan. 1 replied Immediately
'Pershing and our heroes in France
No other argument is necessary.
What we, must do in America is t,
| keep the pressure high. Now that W,
have the kaiser and his brutal horde
on the run, let us not relax effort blu
intensity effort. Keep hitting hard an,
smashing harder. That is the way t
win surely and quickly, That is tn
way to eliminate the Rhine; that is on
way to open an American parade O,
Inter den Linden.
h9ne Can Shirk Duty.
No man can shirk his duty withou
mourning the just apprehension Of pub
lie opinion. The acid test will be IN
piled and the shirker, whether frcr
military service or in the field OF labo
or in the ranks Of the wealthy, will b
unable to Withstand the finger Of scor
which will be unerringly pointed a
him"