Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-09-25
"HELP LICK KAISER
BY BUYING BONDS"
ssCannot Be Done Unless You
d." Says Mr.. McAdoo, in /:
Outlining Drive.
SIX BILLION IS MINIMUM

NEW YORK. September 25.-Six
billion dollars is the minimum
amount which the people of the
United States are asked to subscribe
for the fourth liberty loan. accord
ing to an announcement by William
G. McAdco. Secretary OF the Treasury.
in o stirring address here last night
outlining the governments plan 70.
the campaign. which starts Saturday.
The share allotted to New York
federal reserve district is $780,
100000, or 80 per cent Of the great
est loan yet offered. The loan, which
will bear ~ per cent interest, will
run for twenty years, maturing Octo-
Der IS, 1888. unless the government
should exercise it's reserved right to
redeem the bonds on or after October
Is, 1898.
Appeals to Corporations.
Asserting that without this vast
sum I'VE cannot lick the kaiser" the
Secretary made a 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
mensurate with their abilities to
help" He pointed out that of the
100000 Americans who subscribed
Tor the last loan only 1880, includ-
ing corporations, bought bonds in ex-
cess of $4,000.
1T would be preposterous," he said,
10 say that there are only 22.500
men, women, and corporations in
America able to lend more than $780,
erty bonds"
Swindlers Are Condemned.
Mr.. McAdoo also condemned the
practice of "swindlers and unscrupu-
lous and unpatriotic people, who, con-
trary to the urgent request Of the
Treasury Department, had induced
holders OF liberty bonds to exchange
them for stocks or investments Of
doubtful value He pointed out that
these operations forced the Treasury
to buy the bonds thus thrown upon
the market, in order to protect the
market and the credit Of the govern
ment.:
Thus the Treasury's available re-
sources from the loan," he declared.
are depleted and forced in unworthy
channels. oftentimes in wildcat en-
terprises, to the injury of the Ameri-
can people and to the detriment of the
war. We must create a healthy pub
lie opinion which will reprehend such
practices. We must provide the ma
chinery and the means through which
those who have to sell their bonds
may do so and get the highest possi-
Bile price for them, while at the same
time protecting the innocent inves-
tor
Means Restoration Of Peace.
Applauded by a crowd which filled
Carnegie Hall. Mr.. McAdoo further
said. in part:
'The Treasury of the United States
asks the American people to subscribe
to the fourth liberty loan. $4,000, O00,-
900. This money is needed to carry on
the war. We cannot lick the kaiser
without it. We cannot restore peace
to the world and Te7establish liberty
and democracy without it. The huge
amounts expended by America in this
purposes. Great sums are used for
constructive work. which will be of
permanent value to the American
people
marine. Upon completion 1t will be the
largest, most efficient and modern mer-
chant feet in the world. The wharves
and terminal facilities we are con-
structing in America for the accom-
mediation of this merchant marine are
an essential part Of it. Our commerce
after the war will be facilitated by
these great national undertakings, and
the money used for these purposes is
an investment of unreasonable value
to the American people. The loans to
the allied governments are represented
by obligations of great nations who
will in time repay them. Out of the
$40, 900, 100000 of appropriations made
1910 If ia probable that $4,000. 100000 to
So 0oo. OOO, 900 will represent loans to
the allied governments and expend1-
t,,. ~. for ships, shipyards, docks,
whsrves and other facilities which will
be salyaged to the American people.
Everybody Should Buy. .
that Everybody should