Arizona republican., 1918-03-02
TRepublican A. P. Leased Wlrel

WASHINGTON, Mar. Ion April 6, the first anniversary of the United States, entry into the war, the third Liberty loan will open. There will be a campaign of three or four weeks.
 In announcing the date tonight Sec retary McAdoo said the amount of the loan, the interest rate and other fea- lures. such as convertiDillty of bonds of previous issues, maturity and terms of payment, are to be determined, and that new legislation will be necessary before plans can be completed.
 The fact that the amount of the loan is dependent on further legislation indicates that 1t will be for more than S3,G00 900 ,000 the remainder of author ized, but unissued bonds, and the fact that certificates of indebtedness now being sold in anticipation of the loan bear 45a per cent affords some indica- tion of the interest rate.
 How large the loan shall be de- bends largely. however. on the fate of the pending war finance bill carry ing aO appropriation of a half-billion dollars, and action on, the railroad bill, with it's appropriation of a similar amount.
 Last Loan Until June
 Although Mir. McAdoo made no specific announcement it is now taken for granted 3n official circles that there will be but one more loan be- fore June 90. the end of the fiscal year. The statement concerning the date of the campaign was made at this time, Secretary McAdoo explained, to give every community time 10 prepare for the big bond sale and he strongly advo- cated popular demonstrations of pa- triotism on the day of the opening of the loan and the second year of the war.
 After stating the date of the cam paign opening, the secretary continued "The amount, terms and conditions ot the loan have not yet been de- cided because these features are de. pendent upon further legislation expect to ask congress at an early datt 10 grant the necessary additional au. thority. Of course, the opening dat Of the campaign is somewhat depend ent upon the new legislation, but it i. hoped and believed that the matter car be considered and determined in ampl, time to begin the campaign on the dat suggested. April 9th will forever be |; consecrated day in American history and. it seems peculiarly appropriat, that the opening of the second year O our participation in this war for tn honor and rights of America and tn freedom of the world should be cele brated with a nation wide drive fo another liberty loan.
 To Start With Demonstration
 "The campaign should begin wit great demonstrations of patriotism i every city. town and hamlet in tn country that will truly express tn spirit of aroused America. On thi date every American should pledg anew to his government the full meas ure of his resources and resolve t make every required sacrifice in tn same fervent spirit that impels ou gallant sons in the trenches of Franc and on the waters of the Atlantic { shed their blood in America's sacre cause
 "ro carry forward America's es sential part in this war for right oousness and justice every man an woman in the country must len their available means to the govern ment, and l know of no more fittin time for such a patriotic respons to the call of duty than the begin ming of the second year of the wa
 The campaign in all probabilit will last three or four weeks an announcement of the opening dat is made at this time in accordanc with my promise to make public a