Every evening, Wilmington daily commercial., 1918-09-25
$4,000. 100000

+ Total ... $4,000. 100000 Il
fl ain aloting these quotas the II
II Treasury Department has taken II
II into account the conditions existing u
Il in various parts of the country, rs X
Il well as the banking resources, the X
- department stated. y
ACKNOWLEDGEMENTS
New York. Sept. Secretary Nc
Adoo announced IN an address before
more than 5000 Liberty Loan workers
at Carnegie Hall last night that the fourth
Liberty Loan will he S6,00000O, 900, the
greatest vet offered, and will run for
from fifteen To twenty years, bearing IN
terest at 4 "a per cont.
The allotment for tho Third Federal
Reserve district. which includes I'hIla-
delphia and Wilmington, Del, will be
$500 00O,000
Asserting that without this vast sum
Eve cannot lick the kaiser. the secrc-
tary made special appeal for the sub
ecriptions Of corporations and wealthy
individuals. as returns from the third
Liberty Loan Indicated that wealthy
corporati0ns and persons Of large means
had not Responded, "commcnsurately
with their abilities To help lie pointed
out that Of the lS.O0O,oO0 Americans
who subscribed for the last loan only
-, 500 including corporations, bought
bonds in excess OF $1,000
lit would he preposterous, he said,
"to SAY that there arc only 800 men,
women and corporations IN America
able to lend more than $4,000 each 20
their government in Liberty Bonds
Nr. NcAdoo also condemned the
nracticc ar 'swjndlcrs and INSCRIPTIONS
and unpatriotc people, who. contrary to
tho urgent request ~ the Treasury he
partrncnt. had induced holders of Liberty
Bonds to exchange them for stocks or
Investments Of doubtful value lie
pointed out that these operations forced
the treasury to buy the bonds thus thrown
upon the market IN order 10 protect the
market and the credit Of the government.
Thus the trcasurv's available re-
sources from the loan. he declared ''arc
depleted and forced IN unworthy chan
nals, oftentlmps IN wildcat enterprises, 10
the injury Of the American people and
to the dctrimcnt Of the war VT must
Great a healthy public opinion which will
rep1ehcr.d such practices. We must pro-
vide tho machinery and the means through
which those who have 10 soil their bonds
NAV do 50 and get the highest possible
pncc for them, while st tho same time
protecting the innocent investor.
SECRETARY MADoo's srEECH.
Applauded BY crowd which filed
Carnegie Hall. MIR NcAdoo said. in part
"1'hc treasury of the UnitCd States
asks the American people 10 subscribe
to the fourth Liberty Loan. $4,000 000.-
600. This money Is needed to carry on
the war. We cannot hex the kaisc
without it. We cannot restore peace TO
the world and rc-establish liberty and
democracy without IT. The huge
amounts expended by America in tins
war are not wholly used for destructive
PURPOSES Great sums are used for con
structive work which viii be Of permanent
value to the Amencan people.
HOW THE MONEY WILL BE USED.
eve are building q great merchant
marine. Upon completion il Will be
the largest most efficient and modern
merchant feet in tho world. The wharves
and terminal facilities We are construct
ing in America for the accommodation
of this merchant marine are an essential
part of It. Our commerce after the war
Will be facilitated by these great national
undertakings, and the money used for
these purposes Is an Investment Of I'M
measurable value 10 tho American people
The loans TO the allied governments are
represented by obligations Of great ma
aIons, who Will IN time repay them. Out
OF the $50 00a 900, 900 Of appropriations
made by Congress for the fiscal wear 1919
II is probable that SS,000000, 900 to So
100000, 900 will represent loans to the
allied governments and expenditures for
ships, shlpyards. docks, wharves and
other facilities which will be salvaged To
the American people.
Asserting that everybody should buy
bonds, MIR. McAdoo continued:
''Wages and salaries are higher in
America today than ever before in its
history Those who spend everything
they earn are not only living in FOOLS
paradise, but they are doing a grievous
injury to their country. They are living
in fools paradise because the same de-
gree of prosperity cannot be expected 10
continue upon the return Of peace, when
the inevitable readpstments of all in
dustries must take place; and they are
doing their country a grIevous injury be-
cause il Is only 10y saving that we can
provide our government with the money
winch It must have to buy the essen
tial supplies for our military forces.
Livery dollar saved now and invested
in Liberty Bonds will be worth much
more when peace comes again.
MEN IL FRANCE ARE ARGUMENTS.
Il was asked not long ago what ar
guments could be made for the fourth
Liberty Loan. replied immediately.
'Pershing and our heroes in France
No other argument Is necessary. The
American people know and feel the need
Of those men and are prepared to 20 tile
limit 20 supply that need
who is not thrilled bv what Per-
shing and bis glorious men have done
already upon the field Of battle? These
freemen Of democracy have
met the veteran fighters and the best
trained soldiers Of autOcracy and have
vanquished them, not by foul means.
but by fair fighting. They have al
ready demonstrated that the power Of
and of democracy is ir-
reslstlble: that the doom Of autocracy is
sealed and the day Of reckoning near at
hand
What we must do in America is To
keep the pressure high. Now that we