Gilpin observer., 1918-04-18
Secretary McAdoo Sounds Ntte
of Warning.
BUSINESS As USUAL WRONG
Present WastefvI Spending Cannot
Continue Without Vital conse-
quences-of Utmost Importance
Nation eonomize-Radieal Read
Justment 10 imperative-War Saving
Stamps and Liberty Bonds Help.
BY WILLIAM g. M'ADoO,
Secretary Of the Treasury.

BY WILLIAM G. M'ADoo.
Secretary Of the Treasury.
Economy In the consumption Of NIL
the things needed by the nation for
the winning of the war-the releasing
OF lubors and materials from the pur-
suits Of peace to the business Of war
these fundamental necessities of our
war program must be understood by
all our people IL we are to put our
whole strength behind our men in
France.
We must work and save us never
before In our history. We must in
crease our output and reduce our do
mestic consumption of all necessary
products, in order that there may be
u great increasing volume Of war ma
terials going forward to our armies and
the allies who are fighting side by
side with us. AS the people reduce
their personal consumption they will
be enabled to finance the war by lend.
ing their savings to the government,
while at the same time they help them.
selves by increasing their personal
resources and income.
The economic readjustments neces-
STATED by the transformation of an un-
armed and peaceful nation into for
midable armed cOmbatant have caused
unavoidable losses and hardships. Such
things can no more be avoided in time
Of war than sacrifices Of blood IL the
rights Of the nation are to be vindi-
Gated and made safe for the future
and a just peace is to be secured for
the world
Gail to Supreme Effort.
We must face these trials with phil
osophy, resolution and calmness. We
must see in them not alone the inspira-
tiOn but the call to supreme effort.
When these readjustments have been
completed it will be found that all the
brains and energy Of the nation which
have been released from occupations
non-essential to the war will be re-
Quired in enterprises and activities
which are essential to the war, and
that the welfare and prosperity Of the
country as whole will not be Inn
paired.
Business MS usual" cannot of course
be adopted as the guiding principle in
time Of war. 1t is a wholly wrong the
ory and should find no advocacy or ac-
ceptance by the sensible and patriot
ic people Of America. Business must
be readjusted to the war-making func-
tion Of the nation.
What is of superlative Importance
In the rendjustment that must take
place Is that our people must be i'm
pressed with the necessity of econo-
mizing the consumption of articles Of
clothing, food and fuel and of every
other thing which constitutes drain
upon the available supplies. materials
and resources of the country.
The waste of anything now is nothing
short Of criminal. So far as 1 have
been able to observe the American peo-
pie are not sufficiently aroused to the
necessity of economy and of saving in
this really serious time not only in
the life Of America but of the nations
of the world.
Up to the present there has been n
relatively small denial of pleasures
comforts and conveniences on the pnrt
Of the average citizen. He is draw
Ing upon the general store supplies
in the country with almost the same
freedom as before America went into
the war. This cannot continue with.
out serious hurt to the nation md
to the world.
The great financial operations of the
government cannot be carried forwo ri
successfully unless the people of the
United States ecOnomize In every nos.
sible direction. save their money and
lend It to the government.
Aid Own Prosperity.
They are mt the same time increos.
Ing their own material prosperity in
their savings and they are directIv
helping their government by lending
1t the money with which II can INV
the necessary supplies and command
the necessary services to make our
hghting forces stronger ana hore Of.
fective In the field, and this means
an early victory for American arms
The grent difficulty is to Impress this
lesson of economy upon the Americor
people. 1t will require widespread prop.
ngandn and constant effort, with thIs
In view 1t was my privilege to suupest
to the congress the raislng of $1,000.
100000 by the sale Of War Savings
stamps and Thrift stamps. SO that the
American people would have the oppor-
tunity as well MS the direct encouraua
ment to economize and save money hv
putting within their reach the oppor.
tunity Of lending their savings in s,ch
small amounts even as 25 cents to their
own government