The Kadoka press and Kadoka reporter. [volume] (Kadoka, S.D.) 1910-1923, 1918-10-04
s6,O0O,000,Q0O
SIZE OF new LOAN
McAdoo in Speech at New York
Says Issue Will Bear
q IA Per Cent.
URGES ALL TO BUY BONDS
Secretary Says We Cannot Lick tho
Kaiser Unless We Back Up Persh-
ing and Our Boys in
France.

New York, Sept. 26.-SiX billion dol
Iars is the minimum amount which the
people of the United States are asked
10 subscribe for the fourth Liberty
loan, according TO an announcement by
William G. McAdoo, secretary Of the
treasury, in an address here on Tues
day night outlining the governments
plan for the campaign, which starts
next Saturday.
The share allotted to the New York
federal reserve district is 81 1,SOO,OOO
000 or 80 per cent of the loan. The
share allotted to the Chicago district
is 14A per cent, or SS70,0O0,OOO. The
Boston and Philadelphia quotas are
$500 100000 each and Cleveland is to
raise S600,O00,0OO.
The loan, which will bear AZ per
cent interest, will run for 20 years, ma
turing October 15, 1898, unless the gov
ernment should exercise its reserved
right to redeem the bonds on or after
October 10, 1888.
Asserting that, without the vast
sum I'VE cannot lick the kaiser" Mr..
McAdoo made a 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 1S,OOO,OOO
Americans who subscribed for the last
loan, only 22,500 including corpora
tionS, bought bonds in excess Of S10,-
900.
1T would be preposterous," he said,
ito say that there are only 22,5OO men,
women and corporations in America
able 10 lend more than $4,000 each to
their government in Liberty bonds"
Applauded 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, $6.000,0O
000 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 it.
I'VE are building great merchant
marine. Upon completion ii will be
the largest, most efficient and modern
merchant fleet in the world. The
money used for this purpose is an In
vestment of unreasonable value to the
American people"
Asserting that Everybody should
| buy bonds" Mr.. McAdoo continued:
II was asked not long ago what ar
guments could be made for the fourth
Liberty loan. l replied Immediately,
'Pershing and our heroes in France
No other argument is necessary.
"What we must do in America is to
keep the pressure high. Now that ice
| have the kaiser and his brutal hordes
on the run, let us not relax effort but
| intensity effort. Keep hitting hard
and smashing harder. That is the way
| to win surely and quickly. That is ne
way to eliminate the Rhine; that Is
| the way 10 open an American parade
on Inter den Linden.
mo man can shirk his duty without
incurring the just apprehension Of pub
lie opinion. The acid test will be ap.
piled and the shirker, whether from
military service or in the field Of labor
or in the ranks of the wealthy. will be
unable TO withstand the finger Of scorn
| which will be unerringly pointed at
him