New Britain herald., 1918-09-25
SIX BILLION GOAL
 OF NEW WAR LOAN
Secretary McAdoo Issues Stirring
 Appeal for Support Of Nation

which the people of the United States are asked to subscribe for the Fourth Liberty Loan, according to announcement by William G. Me- Adoo, secretary of the treasury in a stirring address here last night out lining the governments plan for the campaign which starts Saturday.
 The shares allotted the New York federal reserve district is $1,SOO,OO0,- coo, Or 30 per cent. of the greatest loan yet offered. The loan. which will bear 4 IA per cent. interest will run for twenty years matuing Oc- tober 15, 1938, unless the govern ment should exercise it's reserved right to redeem the bonds on or after October 15, 1933
 Asserting that without this vast sum, we cannot lick the Kaiser" the secretary made a special appeal for the subscription of corporations and wealthy individuals as returns from the Third Liberty Loan indi- cated that the wealthy corporations and persons of large means had not respond ''commensurately with their abilities to help" He pointed out that of the 1S0,OOO,O0O Americans who subscribed for the last loan only p, 500. including corporations bought bonds in excess of $10,O0O.
 'It would be preposterous, he said, ito say that there are only 22,5 300 men, women and corporations in America able to lend more than $10, 900 each to their government on Liberty Bonds"
 Raps SwindIers.
 MT. McAdoo also condemned the l practice of 'sWindIers and unscrupu- 1 lous and unpatriotic people, who 1 contrary to the urgent request of i the treasury department had in- duced them 0icc,fp duced holders of Liberty Bonds to l exchange them for stocks of invest | ments of doubtful value. He pointed | out that these operations forced the ! treasury to buy the bonds thus l thrown upon the market, in order | to protect the market and the credit | of the government
 Thus the treasury's available | resources from the loan," he de- l clared, 'are depleted and forced in 1 unworthy channels, oftentimes in i wildcat enterprises, to the injury of ] the American people and to the det- 1 riment of the war. We must create l
  reprehend sUCh practices We must 1 provide the machinery and the 1 means through which those who i have to sell their bonds may do so 1 and get the highest possible price for them while at the same time protecting the innocent investor
 Applauded by a crowd which filled | Carnegie Hall, MT. McAdoo said in part:
 "The treasury of the United States asks the American people to sub- scribe to the Fourth Liberty Loan, $6, 100000 This money is need ed to carry on the war We cannot | lick the Kaiser without it. We can- not restore peace to the world and | re-establish liberty and democracy with out 1t. The huge amounts ex- pended by America in this war are not wholly used for destructive pur- poses. Great sums are used for con- structive work, which will be of per manent value to the American peo- pie.
 We are building a great merchant marine. Upon completion, it will be : the largest, most efficient and mod ern merchant fleet in the world. The wharves and terminal facilities we
  accommodation of this merchant ma rine are an essential part of it. Our commerce after the war will be fa- cilitated by these great national un- dertakings, and the money used for these purposes is an investment of | imm easurable value to the American l people. The loans to the allied gov ernment are represented by obligations of great nations, who in time, will repay them. Out of the $50, 900, 900 of appropriations made by the Con- gress for the fiscal year 1919, it is probable that 000,000,000 to $9,- 000,000, 1000 will represent loans to the allied governments and expendi- lures for ships, shipyards, docks, wharves and other facilities which people.
 Asserting that Everybody should buy bonds," MT. McAdoo continued:
 Wages and Salaries Higher.
 Wages and salaries are higher in America today than ever before in | it's history. Those who spend every thing they earn are not only living | in a fools paradise, but they are doing a grievous injury to their coun- trv. They are living in a fools par | adise because the same degree of | prosperity cannot be expected to con- tinue upon the return of peace, when 1 the inevitable readjustments of all | industries must take place and they l are doing their country a grievous l injury because it is only by saving | that we can provide our government | with the money which it must have to l buy the essential supplies for our l military forces. Every dollar saved l 41ow and invested in Liberty Bonds l will be worth much more when peace l comes again.
 q was asked not long ago what |