The Watertown news. [volume] (Watertown, Wis.) 1917-1919, 1918-04-08
LIBERTY BOND DRIVE
FORMALLY STARTED
AT Big MEETING
High School Gymnasium Packed With
Audience To Hear University of
Wisconsin Professor In
Loyalty Address.

The high school gymnasium was
crowded Friday evening when Prof
w. A. Scott, head of the department
Of commerce of the state university,
began his loyalty address. He was in
troduced by Prof. w. H. HUH of
Northwestern college, The City band
was out before the meeting, and the
Liberty orchestra of the high school
rendered a musical program. In intro
ducing the speaker, Prof HUH said:
Many of our brave men are at the
front engaged in a titanic struggle for
democracy. Today on the anniversary
of this great struggle our national
and loyal people of this common
wealth to help along plans that have
been made to bring this war to a sue
cessful close
Prof. SCOTS Address.
In his address Prof. Scott confined
himself chiefly to what was neces-
sary to push this war to a successful
close. He raped the Business as
usual theory which is being advocat-
ed throughout the United States. ct
is necessary that some industries be
curtailed and other increased in order
to meet war demands" he said
This war has presented to us two
gigantic tasks. The first, the task of
selecting ten million of the abIest
and brightest men in these United
States and to see that their training
in the art of modern warfare is the
best so that they can fight our great
battles for US.
THE second, the task of equipping
them with the implements necessary
to conduct this work. The like of this
task in millions, size and proportions
was never experienced before.
The draft system has seemed to
have solved the first problem, that of
securing men.
THE second task is the most diff
cult of the two phases, that of trans
ferring to the United States govern
ment sufficient amount Of revenue
to pay the enormous expenses in
voIved.
the Treasury McAdoo estimated that
fifteen billions of dollars would be
required every year the war lasted.
Latest reports seem to point that his
figures are correct. If the war lasts
three years it will have cost us forty
five billions. If such is the case it is
safe statement that in order to fight
these battles and bring victory to the
United States One-quarter, probably
one-third or even one-half of the in
come OF every man, woman and child
in these United States must be saved.
There are two possible ways
whereby incomes can be transferred.
The first is the compulsory method,
the second is the voluntary. The first
in early stages is the taxation method
through a bill by congress. The sec
ond is by appealing to the people to
voluntarily turn over the required
amount needed
Our government has adopted the
last method. The people are asked to
contribute one-ffth and the govern
ment gives fOurfifths In other words,
the United States is putting the uues-
ton squarely up to you and me-"
Prof. Scott then showed why we
should help in the third Liberty loan
| drive to the extent of our abilities as
soon as it was started that we might
| be able to say we followed the sec
| ond voluntary method of giving and
| had not to submit to the compulsory
method. Every soldier put in the
held must be furnished two thousand
| dollars worth Of equipment The
| dream of increased production will
not work. The curtailing of some in
dustrles, or the production of articles
necessary to war must be done" he
stated. He also spoke OF women doing
their share in our great industries
that the transfer of labor in non
productive industries ITO productive
industries was necessary.
In previous wars we have been
able to borrow from other nations and
able to buy munitions. For the first
time in the history of our country
and that of the world that is impos-
sible. Our country cannot buy or bor-
! row. They are calling on us to pro-
duce a surplus for them
The speaker then stated that it was
necessary for the people to save as
| they have never saved before. He
quoted the Civil war period when spe-
Gle payments were suspended and de-
clared that we should not fall into
such an error. That saving and keep
| ing the money in circulation was ne
| cessary.
Remember, we are in this war to
stay. If the voluntary method of rails
| ing money does not succeed, the com
pulsory method will be used, and that
| means bread guards and the making
! of the people do what they refused tc
voluntarily do. 1t will take two years
| more to complete this war if the COM
| pulsOry method is used and thirty bill
lions of dollars. That is not the ONLY
thing though, you are going to make
sWeethearts, and sons, and friends
| targets for the German bullets. Put
that sacrifice against going without
that new spring suit, hat or automo-
bile. Put that up against $4,000 U. s.