Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1918-09-13
FOURTH LOAN WILL
REQUIRE BIG EFFORT
"GREATEST PIECE OF FINANCING
EVER UNDERTAKEN" DIS
TRICT MANAGER SAYS.

Declaring that the floating of the
Fourth Liberty Loan will be the
greatest piece of financing ever un-
dertaken in this or any other cOun-
try, yet voicing his confidence in its
success, George X. Weeks of San
Francisco, general campaign man
ager of the Fourth Liberty Loan for
the Twelfth Federal Reserve district,
paid flying visit to Seattle recently
to inspect Wahsington's arrange
ments for handling it's quota.
Manager Weeks expressed his sat-
isfaction at the progress of the Wash
ington state central committees or
ganization and at the excellent re-
ports from all parts of the state tell
ing of the preparations to put all the
counties over the top.
Elaborate plans are in formation
for parades, music, speech making
and various patriotic demonstrations
to arouse the people to the necessity
of fully subscribing the fourth issue.
Soldiers and sailors from nearby
cantonments and forts will in general
be available for Liberty Loan pur-
poses and all departments of the
armed forces of the United States
are ready to cooperate with the Lib
erty Loan committees, the govern
ment officers have assured.
On leaving Seattle. where he had
been in conference with the state
committee ocials, Campaign Manager
Weeks issued the following state
ment addressed to the people OF
Washington:
1.-The floating of the Fourth Lib
erty Loan will be the greatest piece
of financing ever undertaken in this
or any otheDcountry. We should not
underestimate the task before us, but
1t can. and l am absolutely confident
it will be accomplished through the
organization which has been perfect.
ed and the universal response from
the patriotic citizens which we antic-
pate.
"In addition to the unprecedented
size of the loan, which will probably
amount to $6,0O0,000.0OO, we must
frankly face the fact that the calls on
the banks during the year have been
such that they cannot be expected to
absorb any large amount of these
long term securities. Corporations
also have already subscribed to such
an extent and are facing such large
requirements in the matter of taxes
that the demands of their own bust.
ness limit the amount which they car
permanently invest in Liberty bonds
This places the responsibility square
" on the shoulders of the individual
and means that all citizens. the rich
i and those of moderate circumstances
alike, must subscribe to a much larger
extent than ever before--to an ex'
tent which really involves sacrifice.
From the standpoint of the indus
trial needs of the government as vel
as from the standpoint of tho Liberty
Loan, the most rigid economy u h
part of all citizens has nov become
essential. When the president com
mitted the country, with the acQui
escence of congress, to the policy o.
throwing the utmost strength of the
nation into the war through an ex
tension of draft ages and otherwise
for the purpose of bringing the wal
to speedy and successful conclusion
they adopted program which means
much more than personal sacrifice OF
the part of the men who are to go t.
the front.
'If this enormously enlarged arm.
is to be properly provided with trans
port and with supplies of all kinds
every ounce of industrial energy o
the country must be concentrated ol
war essentials, and the purchase o
non-essentials must be absolutel,
eliminated. This seems to be tn
hardest lesson for the American peo
ple to learn. Those who stand will
ling cheerfully to make the grea
sacrifice of personal service, and thos
of their own families whose heart
are with them in this sacrifice. ar
I still failing to make the lesser sac
rifice of the absolute elimination i
their normal life at home Of all ex
penditures not absolutely essential.
"But, while the task of making tn
Fourth Liberty Loan a success vii
involve general sacrifice and wide