Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1918-10-02
s6,OOO,OOO,OOO
SIZE or NEW LOAN
McAdoo in Speech at New York
Says Issue Win Bear
q IA Per Cent.
URGES ALL TO BUY BONDS
Secretary Says We Cannot Lick the
Kaiser Unless We Back Up Perish
ing and Our Boys in
France.

New York, Sept. 26.-Six billion doi-
lars is the minimum amount which the
people of the United States are asked
TO subscribe for the fourth Liberty
loan, according 10 an announcement by
William q McAdoo, secretary of the
treasury, in an address here on Tues
day night outlining the governments
plan for the campaign. which starts
next Saturday.
The share allotted to the New York
federal reserve district is $1,SOO,OOO,-
600, or 80 per cent of the loan. The
share allotted to the Chicago district
is 14% per cent, or SS70,0O000O. The
Boston and Philadelphia quotas are
$500,000,000 each and Cleveland is to
raise $6O0.OOO,O00.
The loan, which will bear Az per
cent interest, will run for 20 years, ma
turing October Is, 1898, unless the gov
eminent should exercise its reserved
right 10 redeem the bonds on or after
October Is, 1888
Asserting that, without the vast
sum we cannot lick the kaiser" Mr..
McAdoo made "a special appeal for the
subscriptions of corporations aud
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,OO0,0OO
Americans who subscribed for the last
loan, only 22jO0 including corpora
items, bought bonds in excess of $l0,-
600.
ut would be prepOsterOus. he said.
ito say that there are only 22,50O men,
women anr corporations in America
able to lend more than $4,000 each to
their government in Liberty bonds"
Applauded by crowd which filled
Carnegie hall, Mr.. McAdoo said. in
part
THE treasury of the United States
asks the American people to subscribe
to the fourth Liberty loan $1,000 0O0,-
GOO. This money is needed to carry on
the war. We cannot lick the kaiser
without it. We cannot restore peace
to the world and re-establish liberty
and democracy without it.
I'VE are building great merchant
marine. Upon completion 1t will be
the largest, most efficient and modern
merchant fleet in the world. The
money used for this purpose is an in
vestment of unreasonable value to the
American people"
Asserting that Everybody should
buy bonds" Mr.. McAdoo continued:
Il was asked not long ago what ar
guments could be made for the fourth
Liberty loan. | replied Immediately
'Pershing and our heroes in France.
No other argument is necessary.
What we must do In America Is tC
keep the pressure high. Now that W,
have the kaiser and his brutal horde.
on the run, let us not relax effort bu
intensity effort Keep hitting hare
and smashing harder. That is the way
TO win surely and quickly. That is tn,
way to eliminate the Rhine; that II
the way To open an American parad,
on Inter den Linden.
''No man can shirk his duty without
incurring the just apprehension of pub
lie opinion. The acid test will be ap
piled and the shirker, whether from
military service or in the field of labor
or in the ranks of the wealthy, will b,
I'M lie to withstand the finger of scorr
which will be unerringly pointed Al
him"