The Washington herald., 1918-09-25

New York. Sept 24-secretary of
the Treasury McAdOo addressed a
large gathering tonight of the mem
bers Of Liberty Loan organizations
and workers of the Second Federal
Reserve District, at Carnegie Hall
Secretary McAdoo announced that
the amount of the fourth bond issue
would be 81, s,Ooo. 0oo, coo. bearing an m
teTest Of 81 per cent. He said that
besides living in a FOOLS paradise,
those who do not save their money
by investing in liberty bonds will be
doing a grievous injury to their
country.
All Must Buy Bonds.
The Secretary said: who should
buy liberty bonds? Everybody. The
laboring men and women, the SAL
aried men and women of the country.
and the people of moderate means
should buy liberty bonds.
Wages and salaries are higher in
America today than ever before in
its history. Those who spend every
thing they earn are not only living
in q fools paradise, but they are
doing a grievous injury to their
country. They are living in a FOOLS
paradise because the same degree of
prosperity cannot be expected to
continue upon the return Of peace.
when the inevitable readjus tments
Of all industries must take place !;
and they are doing their country a
gFievOus injury because II is only
by saving that we can provide our
government with the money which
il must have to buy the essential
supplies for our military forces.
May Double Savings.
Every dollar saved now and in
vested in Liberty Bonds will De
worth much more when peace comes
again. Every provident man and
woman in the United States may
find their savings worth twice as
much in purchasing power after the
war as now. How can any one
more certainly make money than by
saving It now with assurance of its
enormous enhancement in value
when normal conditions ars re-
stored?
I'VE must provide the machinery
and the means through which those
who have to sell their bonds may do
so and get the highest possible price
for them, while at the sams time
pEOLECLAHS Allc innocent investor
against swindlers and unscrupuIous
and unpatriotic people. who. contrary
% to the earnest request OF the Treasury
Department, have induced holders OF
liberty bonds to exchange them for
stocks or Investments OF doubtful
value. The effect OF these operations
is to force the Treasury to buy liberty
bonds which these unscrupulous or
unpatriotic people acquire end throw
upon the market The Treasury,
therefore, must take a part Of the
money 1t has borrowed from the
American people after so mich diff
cult and patriotic work or the part
Of bankers and libersy loan organiz7-
tons and buy back these liberty bonds
in order to protect the market and
the credit OF the government.
Needed TO Lick Kaiser.
The Treasury of the United States
asks the American people to subscribe
10 the fourth liberty loan, 5000 600 OOO.
This money is needed TO carry on the
war. We cannot lick the Kaiser
without IT, We cannot restore peace
to the world and re-establish liberty
and democracy without il. The money
is required for food and clothing and
munitions for our army and navy;
for the ships that must transport
these supplies to them; for airplanes
to bot out the vision of the Huns in
the skies; for the support of the de-
pendent wives and children. of our
gallant soldiers and sailors who have
gone to the front; for the payment of
the life insurance which the govern
ment issues to its heroic men: for
the construction OF wharves and docks
and facilities at home and In France
for the military and naval operations;
ard for loans to our gallant comrades
who are fighting shoulder to shoul-
der with US in this war-the Bel
Sians, the Serbians. the Greeks, the
Italians. the British. the French ana
every other nation which has es-
poused with Us the cause OF liberty
and humanity.
I was asked not long ago what ar
CONTINUED on PAGE TWO.