Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-09-25
OUTLINES CAMPAIGN PLAN
Subscriptions Open Saturday
Term Of Bonds 20 Years;
Interest Unchanged.
APPEALS TO MEN OF WEALTH
Corporations Did Not Re-
spond "Commensurately"
In Third, He Says.

NEW YORK. Sept 2i-Six bill
Non dollars is the minimum amount
which the people OF the United
states are asked to subscribe for
the fourth Liberty loan, according
to an announcement by william G.
McAdoO, secretary OF the treasury,
in a stirring address here tonight
outlining the governments plan for
tho campaign, which starts Satur-
day
The share allotted to the New
York federal reserve district Is
S0O,0OO,000 or 50 per ceu- Of the
greatest loan yet offered. The loan.
which Will bear "a per cent inter
est, will run for twenty years. ma
turing October Is, 1898, unless the
government s. nd exercise its
right to redeem ed" bonds on or af-
ter October Is. 1898.
Sum Is Needed.
Asserting that without this vast
rum I'VE can not lick the kaiser"
the secretary made a special appeal
for the subscription Of corporations
and wealthy individuals, as returns
from the third Liberty loan indicat-
ed that wealthy corporations and
persons OF large means had not re-
sponded "commensurately with their
abilities to help" He pointed out
that OF the 100000 Americans
who subscribed for the last loan,
only 22,500. including corporations,
bought bonds in excess Of 1000.
1T would be preposterous." he
said, ito say that there are only
23,5o0 men, women and corpora
tons in America able to lend more
than $4,000 each TO their govern
ment in Liberty bonds"
Mr., McAdoo also condemned the
practice OF "swindlers and unscrup-
ulous and unpatriOtic people who,
contrary TO the urgent request OF
the treasury department, had in
duced holders of Liberty bonds to
exchange them for stocks or invest
ments of doubtful value"
Operation Hampers Treasury.
He pointed out that these opera
tions forced the treasury to buy the
bonds thus thrown upon the market,
in order to protect the market and
the credit OF the government.
Thus the treasury's available re-
sources from the loan" he declared,
ARE depleted and forced in unworthy
channels, oftentimes in wildcat en-
terprises, to the injury OF the Ameri-
can people and to the detriment Of
the war. We must create a healthy
public oHI1ion which Will reprehend
such practices. We must provide
the machinery and the means
through which those who have to
sell their bonds Snay do so and get
the highest possible price for them,
while at the same time protecting
the innocent investor"
Mr.. McAdoo. who was heartily ap-
plauded, said in part:
The huge amounts expended by
America In this war are not wholly
used for destructive purposes. Great
sums are used for constructive work
which will be OF permanent value
10 the American people.
We are building a great mer-
chant marine. Upon completion 1t
will be the largest, most efficient and
modern merchant fleet in the world.
The wharvcs and terminal facilities
we are constructing in America Tor
the accommodation OF this merchant
marine are an essential part of II
Our commerce after the war will be
facilitated by those great nationa.
undertakings, and the money used
Tor these purposes is an investment
of immeasurahle value to the Amer
lean people The loans To the allied
governments are represented by oh
legations of great nations, who will
in time repay them. ont OF the
Ot.OOO,O0O,oOO Of appropriations
made by the congress for tho fiscal
year 1919, 1t is>probable that $1,000
100000 to $4,000. 100000 will repre-
sent loans 70 the allied governments,
and eypenditurpe for shiDe, ship