New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1918-04-27
McADOO APPEALS TO
FARMERS TO BUY BONDS
Twenty Million Subscribers Needed To
Make Third Liberty Loan
Complete Success

Atlanta-"The more people who bu!
$50 bonds and 800 bonds and $500
bonds, the better it is for America
and the more discouraging it is to oul
enemies"
This is the message which Secretary
OF the Treasury McAdoo bore to the
people Of the Sixth Federal Reserve
District In his tour of the district last
week In the interest Of the third Lib
orty Bond campaign.
Speaking before thousands OF people
in six cities of the Southeast, the Sec
rotary was cheered to the echo by his
immense audiences, as he told Of the
needs of the government, the character
of the bonds, and made stirring plea
for every man, woman and child in
the district to get into this war which
is now being waged for their liberties,
II only by the purchase Of the smallest
bond.
Mr.. McAdoo made it plain that with
out the aid of the farmers OF the
South, Of the merchants and profess
sional men and all the labOring classes,
the third loan would be failure,
which would be worse than German
defeat.
The banks must perform their nee
essary functions and keep their funds
in liquid form to supply credits to the
Industries engaged in the manufacture
of munitions Of war and in carrying
on the general business Of the country.
and we must not take all the funds out
Of these banks" he continued.
Want Twenty Million Buyers
"DO you know, it would be most
impressive thing if we could say to
the Kaiser that not 100000 Amert-
can citizens, as in the last loan, had
subscribed, but that this issue was
taken by fifteen or twenty million OF
American citizens!"
In his speech, which rang from one
end OF the district to tho other, the
head of the treasury traced the part
which America has played in her one
year of war; how she was forced into
the struggle against her wish, and
only took up arms after all her sacred
rights had been contravened by the
unprincfpled Hun. He told how the
American nag was ordered of the high
seas by Berlin, and how the only Amer.
lean ships that were allowed to sail
would have had to be painted like q
barber pole In order to escape the tor
pedoes of the submarines.
In defense of freedom and the |
worlds liberty, America has in one
short year marshalled her resources to
4 wonderful extent, and now at this
great crisis, when the supreme strug- |
gles are being waged in Picardy and |
our allies are crying for more men
and supplies, it is our problem to !
mobilize Americas might for the bat |
tleneld as quickly and effectively rs |
possible The only way this can be |
done Is through the Liberty Loan;
through the subscriptions which must |
come from the rank and filo Of the |
people Of America.
Appealed to Women.
Mr.. McAdoo spoke OF the fine work
that is being done by the women of
the nation, and urged them on to
greater efforts. He stressed the Ahso-
lutte necessity for saving. both food
and materials Of clothing, that eur
armies may be fed and our allies sup
piled. He insisted that the people Of
this country must learn to sacrifice In
order that the war may be won.
I'VE must realise that We are really
In this war. and that war does mean
sacrifice" the secretary emphasized.
We must learn In the second year
of the war that we must not indulge
ourselves to the extent that We have
III the past. We must purify our souls
and fortify our souls for this great
and mighty contest which Is now pro-
ceeding upon the battlehelds Of p
cardy. And the extent to which we do
that Is the extent to which we are 60
Ing to help ourselves.
Il have been told BY some people
that the rate Of interest on Liberty
Bonds is too low, and, therefore. we
could not rely upon the patriotism Of
the American people to buy these
bonds. l have been urged to make
the rate OF interest higher than It IL
today, in order that the bonds might
sell more readily. do not believe.
my friends, that it 10 necessary to
raise the rate Of interest on the bonds
In oxder to sell them. do not believe
that the patriotism Of America 10 ex-
pressed In the rate Of interest on Z
Bond. do not believe
that the American dollar IL fugitive
md must be chased by high rates Of
Interest when the governments credit
Is back Of them
VAIN ~ tOA yOus ACuOW'CltlZcUS, /
because this is your problem. rs well
as mine, that II we do not all take
an intelligent stand now In faver Of
keeping the rate Of interest on gov
eminent bonds stabilized at ~ per
annum. unless we are willing to make
/ fight to preserve the Governments
credit upon that basis, then It IL 60
ing to be the most unfortunate thing
hat can possibly happen to the Amer
can people. We have got to make II
clear to every man, to every woman,
and to every child who buys q govern
nent bond, that while It may be true
hat they could invest their money in
else that would pay larger
return. they can invest their money
n nothing else that Is so full Of blood
Ind necessity as United States Gov.
srnment Bond II we do the wrong
hing at this time, 1t comes back to
rou"
The response to Secretary McAdoo's