Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1918-10-02
SIX BILLION SET
AS MINIMUM FOR
4TH LIBERTY LOAN
McAdoo Gives Figures in Address
at New York.
TO BEAR q IA INTEREST
Quota for Seventh District Is $780,
,o0o-Secretary Says 1--WE Can
not Lick the Kaiser Without
This Vast Sum-"

New York, Sept. 25.-Six billion dol
lars is the minimum amount which the
people of the United States are asked
to 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, S00,O00,-
900, or 80 per cent of the loan. The
share allotted to the Chicago district
is 14A per cent, or $870,O00,0OO. The
Boston and Philadelphia quotas are
S50O,000,000 each and Cleveland rs to
raise $6O0,O0OOOO.
The loan, which will bear Az per
cent interest, will run for 20 years, ma
turing October 10, 1888, unless the gov
eminent should exercise its reserved
right to redeem the bonds on or after
October 10, 1888.
Needed to Lick Kaiser.
Asserting that, without the vast
sum ''we 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
lnensurately with their abilities to
help"
He pointed out that of the 100000
Americans who subscribed for the last
loan, only 22,500 including corpora
tons, bought bonds in excess of $10,-
OOO
1T would be preposterous," he said,
ito say that there are only 22,500 men,
women and corporations in America
able TO lend more than $4,000 each to
their government in Liberty bonds"
Applauded by a crowd which filed
Carnegie hall, Mr.. McAdoO said, in
part:
1.-The treasury Of the United States
asks the American people to subscribe
to the fourth Liberty loan, $6000,000,-
900. This money is needed to carry on
the war. We cannot lick the kaiser
without 1t. We cannot restore peace
to the world and re-establish liberty
and democracy without it.
1--WE are building a great merchant
marine. Upon completion it 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"
All Should Buy Bonds.
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 we
have the kaiser and his brutal hordes
on the run, let US not relax effort but
intensity effort. Keep hitting hard
md smashing harder. That is the way
to win surely and quickly. That is the
way to eliminate the Rhine; that is
the way to open an American parade
on Inter den Linden.
mo man can shirk his duty without
mourning 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."