Ripley County democrat., 1918-04-26
NATIONS PRESENT
Crisis REQUIRES
FULL DUTY 0FALL
SECRETARY McADoo POINTS OUT
ThEosJEcT or WAR sAvlNcs
AND THIRD LIBERTY LOAN.
LOAN CAMPAIGN INTENSIVE
The Work Of Neither War savings
,er Loan Organizations should
De Permitted to oyerIaR
BY WILLIAM @. McADoo.
Secretary Of the Treasury.

BY WILLIAM q. McADoo.
Secretary Of the Treasury.
TO the Executives and Workers Of
the Liberty Loan and was Sayinss
Campaigns:
Az the time for the opening Of the
campaign for the Third Liberty Loan
approaches. It seems advisable to set
forth In definite way plan by
which the activities Of these two CT.
sanizations shall be brought Into uni
son for the period Of this campaign.
The War Savings Organization
ahould have for Its primary object
the education Of our enc hundred mil
lion Of people To the idea that at this
time Of war and national crisis the
practice OF thrift Is not alone mat
ter Of personal wisdom or advantage,
but Is vitality necessary to the welfare
Of the nation. The United States gov.
ernment. in its 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 II has, been necessary to remove
from productive employment over one
million five hundred thousand men.
This demand for material cannot be
met II the normal needs of our pepp
lation are continued. To q 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.
xhen translated into terms Of money.
should be invested In y. 8. govern
ment securities.
On the other hand, the Liberty
Loan Organizations are confronted
with q problem of raising within .
short spaoe Of time billions Of dollars
TO meet the immediate requirements
Of the Treasury Department Insofar
- these monetary requirements can
be met out Of savings, the situation is
thereby benefited. but in any case the
money must be raised. and raised
quickly. The campaign must there
fore be intensive and, white pointing
out the necessity Of seif.denial In. ex-
penditnres, must be directed toward
amounts. Of subscriptions as vwcll as
numbers Of subscribers. The needed
amount must be raised, even though
present savings are not sufficient and
oven though 1t becomes necessary to
pledge future savings through the use
OF credit facilities.
In the coming Liberty loan drive,
therefore. the War Savings Organise
ton should continue their efforts In
the formation Of War Savings Socie.
ties. educational work in the schools
and general thrift propaganda. Their
actual selling organisation should,
however, be combined sad co-ordinat'
ed with that Of the Liberty Loan Or
ganisation to the end that during this
period sales Of governmeut securities,
both Liberty Loan Bonds and War
Savings Stamps. should be made ID
the largest amounts possible to each
individual buyer. but the purchase oi
Liberty Loan Bonds rather than wal
Savings Stamps should. during this
period. be the main object. 10 this
end, during this period. all donated
advertising space should be devoted
to Liberty Loan offerings,
! The first effort Of both the Liberty
Loan and War Savings organisation
during the coming drive should be 4
sell Liberty Loan bonds. and no mem
Der Of the War Savings Organization
should endeavor 70 divert purchaser
Of Liberty Loan Bonds TO the Dur
chase Of War Savings Stamps. OF
tho other hand. there are persons whs
are unable TO buy Liberty Loar
Bonds. and all these persons shoult
be urged to buy War Savings Stamps
With regard to partial payment sub
scriptions to Liberty Loan Bonds
| these should be encouraged, but wher,
employers Of labor or others hay,
formed efficient War SAVINGS Socie
ties which are actually obtaining sys
temAtic and adequate Subscriptions /,
War Savings Stamps this work shoul,
not be interfered with BY an endeayo
to supersede the War Savings Hocie
| ties BY. the introduction Of the partia
payment plan for subscriptions 10 Lih
erty Loan Bonds. Such War saving
Societies should make every possibl
endsavor to promote the sale NOT onf,
cf War Savings Stamps but Labert,
Loan Bends during the coming drive
| The loyal army Of workers Ii bot
these organizations must realize tha
they are working for ! common cause
though By different methods: tia
each is a part "a the Treasury Depar,
ment force, and that each d vnde
Treasury Department control.
| Complete harmony and unity Of p,l,
pose helps both organizations IL III
| attain,nent of the p,irposs Of each.
| the sucoessfu1 fipzncing of The va
on . sound bassz we mnst hive con
plste and cordial co-operation bstwee
| The two organizations. and am sur
that may count upon every menbe
Of each organization Tor that kind Z
| patriotic work.
i lax that these suggestions bs 81
risd into effect both IN letter xnd !
s0'rit