The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1918-04-26
NATION 8 PRESENT
CRISIS REQUIRES
FULL DUTY OF ALL
SECRETARY McADoo POINTS OUT
THE OBJECT OF WAR SAVINGS
AND THIRD LIBERTY LOAN.
LOAN CAMPAIGN INTENSIVE
The Work of Neither War Savings
Nor Loan Organizations Should
Be Permitted to Overlap.
By WILLIAM G.. McADOO,
Secretary of the Treasury.

To the Executives and Workers vi
the Liberty Loan and War Savings
Campaigns:
As the time for the opening of the
campaign for the Third Liberty Loan
approaches, it seems advisable to SET
forth in a definite way plan by
which the activities of these Two n |
CARNATIONS shall be brought into uni
son for the period Of this campaign.
The War Savings Organization |
should have for its primary objeci
lion OF people TO the idea that at this |
time of war and national crisis the
practice of thrift is not alone a mat
ter of personal wisdom or advantage,
but is vitality necessary to the welfare
of the nation. The United States gov
eminent, in its prosecution of the war
/ requires the use Of the products Of
labor to the extent of billions of 1oi
, lars per annum, while at the SAM
! tine il has been necessary TO remove
from productive employment over one
million five hundred thousand men
| This demand for material cannot b.
met il the normal needs of our popu
lation are continued To a reduction
OF these needs the chief activities OF
the War Savings Organization should
be directed, and as a complement to
this work the savings thus effected.
when translated into terms of money
should be invested in u. S. govern
| ment securities.
On the other hand, the Liberty
Liam Organizations are confronted
With a problem of raising within
| short space of time billions OF dollars
TO meet the immediate requirements
Of tho Treasury Department. Insofar
as these monetary requirements can
be met out of savings, the situation is
thereby benefited. but in any case the
money must be raised, and raised
quickly The campaign must there
fore be intensive and, while pointing
out the necessity of self denial in eA
2enditures, must be directed toward
amCuatS of subscriptions as well as
numbers of subscribers. The needed
amount must be raised, even though
present savings are not sufficient and
even though it becomes necessary 10
pledge future savings through the use
Il credit facilities.
In the coming Liberty Loan drive,
therefore, the War Savings Organiza-
ton should continue their efforts in
The formation Of War Savings Socie-
ties, educational work in the schools
aid general thrift propaganda. Their
actual selling organization should.
however, be combined and co-ordinat-
ed with that of the Liberty Loan Or
ganization to the end that during this
> period sales Of government securities
both Liberty Loan Bonds and War
Savings Stamps, should be made In
the largest amounts possible to each
: individual buyer, but the purchase OF
Liberty Loan Bonds rather than War
Savings Stamps should, during this
period, be the main object To this
end, during this period, all donated
: advertising space should be devoted
:, to Liberty Loan offerings.
=. The first effort of both the Liberty
= Loan and War Savings organizations
during the coming drive should be Il
: sell Liberty Loan Bonds, and no mem
: Der OF the War Savings Organization
should endeavor to divert purchase
=. of Liberty Loan Bonds to the pur
:, chase OF War Savings Stamps. Or
:, the other hand. there are persons VIII,
,c are unable TO buy Liberty LOAF
Bonds, and all these persons shoul,
20 be urged to buy War Savings 5tamps
ic With regard to partial payment sub
scriptions to Liberty Loan Bonds
these should be encouraged, but wher
:, employers of labor or others hay
. formed efficient War Savings Socis
-, ties which are actually obtaining sy.
tematic and adequate subscriptions I
!, War Savings Stamps this work shout
o. not be interfered with by an endeavo
to supersede the War Savings Soci,
ties by the introduction of the partis
- payment plan for subscriptions 10 Lii
> erty Loan Bonds. Such War Saving
Societies should make every possibl
endeavor to promote the sale not onl
:. OF War Savings Stamps bat Eibert
= Loan Bonds during the coming driv
:, The loyal army Of workers In bot
=. these organizations must realize tn.
81, they are working for a common caus
=. though by different methods: tn.
:. each is a part of the Treasury Depa,
ment force. and that each Is und'
!" Treasury Department control.
We Complete harmony and unity of pu
'es post helps both organizations In Il
w attainment OF the purpose OF each
III the successful financing Of the W,
iu on sound basis. We must have cor
ou plete and cordial cooperation betwet
us the two organizations. and am su
AZ that may count upon every memb
ies OF each organization for that kind
"' patriotic work.
ask that these suggestions be CT
-. -, ried into effect both In letter and
spirit