The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1918-09-25
N[W DRAWING Of
r,0la1,REG|s7RAkTs
i0 IS POSTPONED
Expects Nation to Subscribe
This Amount in Bonds
SCORES HIGH LIVING
Free Spenders Living in Fools Para
disc and Injury to Their
Country.

New York. Sept. 24.-Six billions OF
dollars is the minimum amount which
the people of the United States are
asked to subscribe for the fourth Lib
erty loan, according to an announce
ment by William g. McAdoo, secre.
tary Of the treasury, in stirring adj
dress here tonight outlining the gov
ernments plan for the campaign
which starts Saturday
The share allotted the New York
Federal Reserve district is $l,SOO,O0O-
600, or 30 per cont. of the greatest
loan yet offered. The loan, which
win bear IA per cent. interest will
run for 20 years, maturing October
Is. 1898. unless the government
should exercise its reserved rights to
redeem the bonds on or after October
Is. 1888.
Asserting that. without this vast
sum. we cannot lick the kaiser" the
secretary made special appeal for
the subscriptions OF corporations ana
wealthy individuals, as returns from
the third Liberty loan indicated that
wealthy corporations and persons OF
large means had not responded com
mensurately with their abilities to
help He pointed out that OF the
1S.000,000 Americans who subscribed
fer the last loan, only 22,500 includ
ing corporations, bought bonds in ex-
cess OF $4,000.
ct would be preposterous,' he
said, TO say that there are only %.
SEQ men, women and corporations in
America able TO lend more than SO,
600 each to their government on Lib
erty bonds
MI. McAdoo also condemned the
practice OF "swindlers and unscrupu
lous people. who, contrary 10 the ur
gent request of the treasury depart
ment. had induced holdes OF Liberty
bonds to exchange them for stocks OF
I investment OF doubtful value
He pointed out that these operat
ions forced the treasury TO buy the
bonds thus thrown upon the marke
| in order TO protect the market and the
credit of the government
"Thus the treasury a available re
sources from the loan he declared
ARE depleted and forced into un
worthy channels, oftentimes in wild
cat enterprises, TO the injury OF th'
American people and to the detrimen
/ of the war We must create heal
thy public opinion which will repre-
hend such practices. We must pro
vide the machinery and the means
through which those who have to sci
their bonds may do SO and get th'
! highest possible price for them, while
at the same time protecting the In
nooent investor"
Asserting that everybody shoul'
buy bonds" Mr. McAdoo continued
Wages and salaries are higher il
America today than ever before in IL
history. Those who spend everything
they earn are not only living in
FOOLS paradise. but they are doing
grieyous injury to their country The.
are living In fools paradise be
cause the same degree OF prosperit
cannot be expected to continue upol
the return of peace, when the newt
able readiustments of all industrie
must take place and they are doin
their country a grievous Injury be
cause Il Is only by saving that we ca
provide our government with tn
money which Il must have to buy tn
essential supplies for our militar
forces Every dollar saved now an
invested in Liberty bonds will b
worth much more when peace come
again
II was asked not long ago what AT
gumont could be made for the fourt
Liberty Loan ! replied Immediately
Pcrshing and our heroes in France
No other argument is necessary. Tn
& American people know and feel tn
, need of those men and are prepare
to 20 the limit to supply that noed.
who is not thrilled by what Persl
! ing and his glorious men have done ,
. ready upon the field Of battle? Thes
J unframed FREQ men OF domocrac
, have met the veteran fighters and IN
! hest trained soldiers OF autocracy an
l have vanQuishcd them, not by fol
2 means. but by fair fighting The
3 have already demonstrated that III
| power OF righteousness and of d
| mocracy Is irresistible; that II
. doom OF aulocracy Is sealed and Il
a day OF reckoning near at hand,
What we must do In america Is
:. keep the pressure high Now that v
J. have the kaiser aud his brutal hord,
e on The run lot us not relax effort bl
n intensity effort Keep hitting hal
!. and smashing harder That is q
d way to win surely and quickly TIL
n is the way to eliminate the RhinI
e that is the way to open an America
parade ON Inter den Linden
c ON any holding OF $4,000 Of q
e bonds. interest Is exempt. until "
years after the termination Of Il
b. war. from surtaXes, excess prof
r taxes and war taxes. The taxnay
1t who subscribes Tor S3O0OQ OF The
a bonds. and still holds ihom at q
e time of making his tax return. viii
.e so receive an exemption from su
IN taxes for like period. as to the int
'o est on an aggregate amount OF $3.50