The Watertown news. [volume] (Watertown, Wis.) 1917-1919, 1918-09-25
$6,000,00o,00oIS
MINIMUM SET
FOR Attn LOAN
McAdoo in Speech at New York
Says Issue Will Bear
4 IA Per Cent.
URGES ALL TO BUY BONDS
Secretary Says We Cannot Lick the
Kaiser Unless We Back Up Persh-
Ing and Our Boys In
France

New York, Sept. 25.-Six billion dol
lars 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, tn an address here outlining
the governments plan for the cam
paign, which starts next Saturday.
The share allotted to the New York
federal reserve district is $1,8OO,00O.-
600, or 30 per cent Of the loan. The
share allotted to the Chicago district
Is IAN per cent, or $S7O,OOO,OOO. The
Boston and Philadelphia quotas are
$5OO,0OO,OOO each and Cleveland Is to
raise ssoGOOOOOO.
The loan, which will bear Az per
cent interest, will run for 20 years, ma
turing October Is, 1893, unless the gov
ernment should exercise its reserved
right to redeem the bonds on or after
October Is, 1888.
Needed to Lick Kaiser.
Asserting that, without the vast
sum 1--WE cannot lick the kaiser" Mr..
McAdoo made special appeal for the
subscriptions Of corporations and
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 100000
Americans who subscribed for the last
loan,, only 22,5OO, including corpora
tions, bought bonds in excess Of $1O,-
600.
1T would be preposterous," he said,
ito say that there are only 22,5OO men,
women and corporations in America
able to lend more than $4,000 each to
their government in Liberty bonds."
Condemns Bond SwindIers.
Mr.. McAdoo also condemned the
practice Of "swindlers and unscrupu-
lous and unpatriotic people, who, con-
trary to the request Of the treasury de-
partment, had induced holders Of Lib
erty bonds to exchange them for stocks
or investments Of doubtful value"
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, $4,000, ,OOO,-
GEO. 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 1t.
"We are building a great merchant
marine. Upon completion it will be
the largest, most efficient and modern
merchant feet In the world. the
money used for this purpose is an in
vestment of immeasurable value to the
American people"
All Should Buy Bonds.
Asserting that Everybody should
buy bonds" Mr.. McAdoo continued:
II was asked not long ago what er-
guments could be made for the fourth
Liberty loan l replied Immediately,
Pershing and our heroes in France
No other argument is necessary.
"What we must do In America Is to
keep the pressure high. Now that we
have the kaiser and his brutal hordes
on the run, let us not relax effort but
intensity effort. Keep hitting hard
and smashing harder. That Is the way
to win surely and quickly. That Is the
way to eliminate the Rhine; that Is the
way to open an American parade 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 be
unable to withstand the finger Of scorn
which will be unerringly pointed at
him"