The daily star-mirror. (Moscow, Idaho) 1911-1939, 1918-09-25
NJ 'ADOO MAKES
APPEAL TO PUBLIC
SECRETARY TELLS WEALTHY
THEY MUST GET BACK OF
n BOND ISSUE

| NEW YORK, Sept. "a. - Secretar,
fsWilliam G. McAdoo, announcing thu
$o,00O,000,0O0 Liberty loan in an ad
dress here tonight, asserted that withou
| this vast sum Eve can not lick the
! kaiser" The secretary made a specia
appeal for the subscriptions of corpora
tions 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 100000
Americans who subscribed for the last
loan, only 22,50O including corporations,
bought in excess of $4,000.
at would be preposterous," he said,
"to say that there are only 1850 men,
women and corporations in America
able to lend more than $4,000 each to
their government in Liberty bonds"
x Mr.. McAdoo also condemned the prac-
tice of "swindlers and unscrupulous and
unpatriotic people, who, contrary to
urgent advice of the treasury, had in
duced holders of Liberty bonds to ex-
change them for stocks or investments
Of doubtful value
He pointed out that these operations
forced the treasury to buy the bonds
;thus thrown Upon the market in order
to protect the market and the credit of
the government
4 Applauded by. a crowd which filled
Carnegie hall, Mr.. McAdoo said, in
part:
q Restoration of Peace.
"The treasury of the United States
asks the American people to subscribe
to the fourth Liberty loan $6,0O0,OO0,0OO.
This money is needed to carry on the
war. We can not lick the kaiser without
It. We can not restore peace to the
world and reestablish liberty and democ-
facv without it. r. ~- -ss
"The huge amounts expended by Am
erica in this war are not wholly used tor
destructive purposes. Great sums are
used for constructive work which will
be of permanent value to the American
people.
1--WE are building a great merchant
marine. Upon completion 1t will be the
largest. most efficient and modern mer
chant fleet in the world Our commerce
after the war will be facilitated by these
great national undertakings and the
money used for these purposes IS an IN
vestment of i1n1neasurable value to the
American people.
..The loans to the allied governments
are. represented by obligations Of great
nations who will in time repay them.
Out of the $3OOO0,000,0O0 of appropria
tions made by the congress for the fiscal
--~-'1o1o = &c probable that $4,000, ,OOO,-
900 to OOOOOO,D0 will represent loans
% the alned governments and expendi-
.ures for ships, shipyards, docks, wharves
and other facilities which will be sal
yaged to the American people"
Everybody Should Buy.
Asserting that Everybody should buy
,onds," Mr.. McAdoo continued:
''Wages and salaries are higher IN
America today than ever before IN its
history. Those who spend everything
hey earn are not only living IN tools
but they. are doing grievous
injury to their country. Every dollar
saved now and invested in Liberty bonds
will be worth much more when peace
comes again.
4 .eWhat we must do in America is keep
he pressure high. Now that we have
he kaiser and his brutal hordes on the
-un, let ,us not relax effort but intensity
effort. :,
"No man can shirk his duty without
Mourning the just apprehension OF public
opinion" continued the secretary.