New-York tribune., 1918-09-25
McAdoo Calls on ~ Y. for
$1,000, 600, 900 of 4th Loan
Continued from page l

MIGHT and thrown into the battle scale
in France.
"New York's allotment is $500, ,o00,-
600 or 80 per cent Of the entire loan. You
have the privilege. the opportunity of a
glorious service in connection with this
work. 1t is no less an essential part of
war operations than the actual fighting
on the front although it involves no
similar measure of sacrifice and carries
with it no comparable share of labor
and suffering.
"No great army can fight in the field
under modern conditions of warfare un-
less it is supported by other great
armies at home. equally strong for the
various parts they must perform, and
equally coordinated and synchronized
in effort with the fighting forces. These
home armies must be organized for
every part OF essential war work. We
must have an effective army of trans
portaton, an effective army of war in
dustries, an effective army of food and
fuel production. and we must have and
maintain all the .ime an effective army
for Liberty loans.
Money Is Basic Essential
while no one thing Will win this
war. certain things are basic to the
war. and. therefore. are of outstanding
importance. The Treasury of the United d
States is basic to the war. There is no
activity of the government engaged in
war work and there are few activities
of private enterprise engaged in war
work which do not ultimately trans
mute their requirements into demands
upon the United States Treasury. The
Treasury must at all times he prepared
10 meet those demands, which invari-
ably take the form Of money payments.
Unless the Treasury is strong enough
10 answer every call instantly and IN
full the essential war industries of the
nation may be arrested or slowed down,
the vital prosperity Of the people may
he imperilled and the fighting power Of
the armies in the field may be gravely
reduced, with serious possibilities of
disaster
Our great national army of Liberty
Loan workers, composed of men and
women alike. spreading over every
state of the Union and spending each
time to the call to the colors, is, there
fore, basically one Of the most impor-
tant of all the armies in the fed. AS
! review the work they have done in the
last eighteen months. the unselfish pa
sponded to each call and their splendi ID
achievements in the three Liberty
Loans already subscribed and oversub-
Scribcd, ! am proud to be a member Of
that army, and more than proud to be
It's commander. No historian who
writes in the future the record Of these
tlmes can eXaggeratc the Importance
and effectiveness of the work done by
the Liberty Loan army of the United
States and by the bankers Of America
who constitute so large a part Of that
army.
S6,OO0,OO0,OOO Needed
The Treasury of the United States
asks the American people to sub
scribe to the fourth Liberty Loan
s6,000.0o0, 900. This money is needed
to carry on the war. We can not lick
The Kaiser without it. We can not
restore peace to the world and rees-
tablish liberty and democracy without
II. The money is required for food
md clothing and munitions for our
army and navy; for the ships that must
transport these supplies to them; for
airplanes to blot out the vision OF the
Huns in the skies; for the support of
the dependent wives and children Of
our gallant soldiers and sailors, who
have gone to the front; for the pay
ment of the life insurance which the
government issues to its heroic men
tor the construction of Wharves and
uOCks ana IacIltleS at nome ana IN
France for the military and naval op-
erations, and for loans to our gallant
comrades, who are fighting shoulder to
shoulder with US in this war--the Bel
gians, the Serbians, the Greeks, the
Italians, the British, the Frencl: and
every other nation which has espoused
with US the cause of liberty and
humanity.
"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 tc
the American people.
1--WE are building great merchant
marine. Upon completion it will be
the largest. most efficient and modern
merchant feet in the world. The
wharves and terminal facilities we are
constructing in America for the accom-
mediation of this merchant marine are
an essential part of it, Our commerce
after the war will be facilitated by
these great national undertakings, ard
the money used for these purposes is
an investment of immeasurable value
TO the American people. The loans to
the Allied governments are represented d