Cleveland County herald., 1918-05-02
II..1TIIlHI'S PRESENT ], CIlI5|5 REQUIRES ]
 FULL DUTY IF ALL
SECRETARY McADOO POINTS OUT TIE OBJECT OF WAR SAVINGS
 AND THIRD LIBERTY LOAN.
LOAN CAMPAIGN INTENSIVE
The Work of Neither War Savinos aor Loan Organizations Should
 Be Permitted to Overlap.
By WILLIAM G. McADOO, Secretary of the Treasury.

By WILLIAM G. McADOO,
 Secretary of the Treasury.
 To the Executives and Workers of
 the Liberty Lean and War Savings
 Campaigns: |,
 As the time for the opening of theI l campaign for the Third Liberty LoanI approaches, it seems advisable to setI forth in definite way plan by| Which the activities of these two cr.l 8anzations shall be brought into uniI son for the period of this campaign.
 The War Savings Organization should have for it's primary object the education of our one hundred mill lion of people to the idea that at this time of war and national crisis the| practice of thrift is not alone a mat ter of personal wisdom or advantage. but is vitally necessary to the welfare of the nation. The United States gbv- ernment, in it's prosecution of the war, requires the use of the products of labor to the extent of billions of dol lars per annum while at the same time Il has been necessary to remove from productive employment over onel million five hundred thousand men. This demand for material cannot bel met if the normal needs of our popu-l latlon are continued. To a reduction Of these needs the chief activities of the War Savings Organization should be directed, and as a complement to! this work the savings thus effected when translated into terms of money.l should be invested in U. s. govern-I ment securities.
 On the other hand, the LibertyI Loan Organizations are confronted with problem of raising within a short space of time billions of dollars to meet the immediate requirements or the Treasury Department. Insofar as these monetary requirements can be met out of savings, the situation Is thereby benefited, but in any case the neney must be raised, and raised
 -s.. The campaign must there sr'.er ro'h sive and, while pointing
 Not 'aro TOT A"'S' ,self-denial in ex. i 'f-.17 -.17e-sTS5afS.is, illliSr De directed toward amounts of subscriptions as we'll as numbers of subscribers The needed amount must be raised, even though present savings are not sufficient and even though it becomes necessary to pledge future savings through the use of credit facilities.
 In the coming Liberty Loan drive. therefore, the War Savings Organiza- ton should continue their efforts in the formation of War Savings Socie- tles, educational work in the schools and general thrift propaganda. Their actual selling organization should- however, be combined and co-ordinat. ed With that of the Liberty Loan Or ganlzation to the end that during this period sales of government securities. both Liberty Loan Bonds and War Savings Stamps, should be made in the largest amounts possible to each individual buyer, hut the purchase of Liberty Loan Bonds rather than War Savings Stamps should, during this period, be the main object. To thia end, during this period, all donated advertising space should be devoted to Liberty Loan offerings.
 The first effort of both the I.ihayt, Loan and War Savings organizations during the coming drive should be to sell Liberty Loan Bonds, and no mem- Der of the War Savings Organization should endeavor to divert purchaser or Liberty Loan Bonds to the nur. chase of War Savings Stamps. On the other hand, there are persons who fN h1yxy
 Bonds. and all these persons should be urged to buy War Savings Stamps.
 With regard to partial payment sub- scriptions to Liberty Loan Bonds.I these should be encouraged. but wherel employers of labor or others hayeI formed efficient War Savings SocieI tles which are actually obtaining sys.I tematc and adequate subscriptions toI War Savings Stamps this work should not be interfered with by an endeayor to supersede the War Savings Socie- ues by the introduction of the partiah payment plan for subscriptions to Lihl erty Loan Bonds. Such War Savinps Societies should make every possihle ehaeavor to promote the sale not onlv VI " 'ot oe'' A-is,sa SIdlllpS put LlD6rtyI Loan Bonds during the coming drive,I
 The loyal army of workers in hothi these organizations must realiz. tbati they are working for commco cause though by different methods: thatl each is a part of the Trsasury Depart- ment force, and that each is underI Treasury Department control
 complete Lernaeny and unity of pur-| pose he'ls both organizations in thel a1falimest of the purpose of each--( the successful financing of the wark 9n seund basis. We must have com-E pfete and cordial cooperation betweenk the two organizations, and am suret that may count upon every memberi of each organizat;on-for that kind oil patriotic wors
 l ask taat these suggestions De car riod into effect both in letter and inl spirit.