The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1918-03-27
M'ADOO DISCLOSES
FINANCE PLANS FOR
NEXT EIGHT MONTHS
Continued from Page One)

extensions of additional credits to the
SIN, of 81 500 oo0, 900 Mr. McAdoo esti-
mates that this will be sufficient TO
fill allied needs until October and an
other authorization will be asked OF
Congress before the amount is used ny.
Actual credits and payments are made
at the secretary's discretion, subject
only to the limitations imposed by the
act of Congress.
FOR NINETY DAYS
In the same way the amount of GER
tjficates of indebtedness actually to be
issued depends on Secretary McAdoos
suggestion and it is regarded as en-
trely likely that he would not have
outstanding at one time the entire sS,-
o0e. 900 900 which may be authorized by
Congress. These are issued usually for
9O-day periods and are redeemable at
times when receipts from Liberty
Leans or taxes are heavy.
Secretary McAdoo will appear to-
morrow before the ways and means
committee to explain further the de-
tails of the bill under consideration
of the issuance of s4,500,0o,000 Liberty
Bonds, or more certificates and allied
loans.
The Secretary tonight explained that
he plans to issue the third Liberty
Bonds in denominations of $50, $780,
$500 and $1,000, as in the first and Sec
ond loans, and that terms of payment
- c,,nc tar, 40 u
the same as in the past.
.In the coming Liberty Loan drive"
said the Secretary tonight, The war
savings organizations should continue
m cir efforts in the formation of war
Swings societies, educational work in
the schools and general thrift propa-
eanda. Their actual selling organiza
tons should, however be combines
and coordinated with that of the Lib
ertv Loan organization, to the end that
during this period sales of government.
gecurtties, both Liberty bonds and War
Savings Stamps should be made in tbs
largest amounts possible to each IN
diyidual buyer but the purchase o.
Liberty Loan Bonds, rather than Wal
Savings Stamps, should, during this
,, period. be the main object. To thi.
enc, during this period, all donated
advertising space SHouiu pc uoHatSs
| to Liberty Loan offerings.
LIBERTY LOAN COMES FIRST
4 THE first effort OF both the Libert,
Loan and war savings organization
during the coming drive should be Z
sell Liberty Loan Bonds, and no mem
| bcrs of the war savings Organization
| should endeavor to divert purchase
of Liberty Loan Bonds to the purchas
| of War Savings Stamps. On the othc
| hand, there are persons who are uii
able to buy Liberty Loan Bonds AM
all these persons should be urged Z
buy War Savings Stamps.
| with regard to partial payment sub
scriptions to Liberty Loan bonds, thes
should be encouraged, but where employ
ers of labor or others have formed eff
Gent war savings societies which ar
| actually obtaining systematic and ade
1 quate subscriptions to War Saving
Stamps, this work should not be inter
4 fered with by an endeavor to superced'
the war savings societies by the intro
duction of the partial payment plan TO
! subscriptions to Liberty Loan Bonds
4 Such war savings societies should max,
every possible endeavor to promote tn
i sale not only of War Savings Stamps
but Liberty Loan Bonds during the com
Ing drive.
WORKING FOR COMMON CAUSl
THE loyal army of workers in aotl
| these organizations must realize tina
they are working for a common cause
| though by different methods; that eac
| liz a part of the treasury department
! force, and that each Is under treasur.
department control.
complete harmony and unity Of pur