Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-03-02
NEXT LIBERTY LOAN
over ; II BILLIONS
Exact Amount and Interest
Rate Dependent on Fur
ther Legislation.

There was every indication here to-
day that the goal for the third liberty
loan, which begins April 6, will be more
than $500, 100000
Secretary McAdoo stated last night, in
announcing the date, that the amount
of the loan, the interest rate and other
features, such as convertibility Of bonds
of previous issues, maturity and terms
of payments, cannot be determined until
more legislation passes Congress.
The fact that the amount of the loan
is dependent on further legislation. in
dicatcd that it will pass $500 900. 600.
the remainder of authorized but unissued
bonds. The fact that certificates of in
ton of the loan bear Az per cent
affords an indication of the interest
rate.
Amount Depends on Legislation.
The amount of the loan depends
largely on the final passage of the war
finance bill, which carried an appro-.
priation of half billion dollars, and
on the railroad bill. with it's appropria-
ticn of n similar amount
1t is taken for granted In financial
circles here that there will be but one
more loan before June 80. the end of
the fiscal yeah No Official statement on
this question shas been made by the
Treasury Department. however.
To Mark Second Year Of War.
The statement concerning the date of
the campaign was made at this time.
Secretary <McAdoo explained; to give
every community time to prepare for
the big bond sale, and he strongly ad-
vocated popular demonstrations OF pa
triotism on the day of the opening OF
the loan and the second year OF war.
The Secretary says:
''On this date every American should
pledge anew to his government the
solve to make every required sacrifice
IN the same fervent spirit that impels
our gallant sons in the trenches of
France and on the waters of the Allan
tic to shed their blood in Americas sa-
cred cause.
ITO carry forward Americas essen
tial part in this war for Righteousness
and justice, every man and woman in
the country must lend their available
means to the government, and know
of no more fitting time for such pa
triotic response to the call of duty
than the beginning of the second year
of the war.
"The campaign in all probability will
last three or four weeks.
For Patriotic Meetings Everywhere.
'T earnestly hope that parades and pa
triotic meetings will be held in all parts
Of the country. The Treasury Depart
ment will endeavor to make the observance
of the anniversary Of the declaration of
war as memorable as was the patriotic
observance during the second liberty, loan
campaign Of Liberty day on the 24th Of
October, 1917.
Campaign work for the third loan al
ready has started actively. Posters
have been prepared, publicity plans
drawn and local organizations re-
assigned. Even more important, non
the investment market through volun-
tary cooperation of business and
financial interests with the federal
reserve boards capital issues COM
mittee.
The nation already has absorbed
$5.S0S, ,00O, 900 of liberty bonds-$2, ,000.-
0o0, 900 of the first issue and $3,80s. .000,-
600 of the second issue. In addition.
nearly $1,400. 100000 of certificates of
indebtedness to be met from proceeds
of the third loan, and about $1.125,-
100000 tax certificates. due next June,
are outstanding.
Will Have to Rush Program.
With April only five weeks distant,
Secretary McAdoo will have to rush his
PIOSIdIL lot iocolAiS FosVuVpOtV,0VU OI GER
tificates before the loan campaign opens. !
When he announced his intentions Of is
suing this quantity Of certificates to pre-
pare the way for absorbing the huge loan |
he said they would be put out in blocks |
every two weeks One Of these, for $780, |
900, 600, is now open and will continue |
until next Tuesday. II it is subscribed in |
full 81, SOC, ,000. 900 Of the hree-billion-dol-
lar program will remain to be fioated |
within the month.
Former Navy Secretary Rests Well.
BOSTON. March 2.-The illness of /
George Won L. Meyer. former diplomat
and cabinet officer. continued today to /
be q source of anxiety to his family |
and friends. DR.. Henry jackson. after