Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1919-04-26
HEAD
IS GUEST OF The
CITY OF OMAHA
Cabinet Member Leads 100
Per Cent Victory Loan Pa.
rade and Talks at Cham
Der Of Commerce.

THE middle west seems TO DC
thorouhly aroused to the Importance
of loaning its money to the govern
ment in order to put over the Vic
tory loan and indications are that it
is going to be fully subscribed, it
not oversubseribed," said Secretary
of the Treasury Glass yesterday
| morning upon his arrival at the
Union station.
Secretary Glass is out on a speak
ing tour in the interest of the Vic
tory loan. Omaha is on his itinerary
and yesterday morning upon his ar
rival in the government private car,
palm Beach," he was met at the
station by T. c. Byrne, chairman OF
the Victory loan committee. o. 1.
Eastman, Luther Drake and Arthur
Mullen.
Holds Informal Reception.
The secretary OF the treasury
came in from Chicago, where he
spoke yesterday afternoon. Upon
his arrival, he posed for picture
and then was taken in charge by
the local committee and escorted to
the Hotel Fontenelle, where at 10
o'clock he held an informal recep.
ton, bankers and representatives OF
financial institutions of the city be-
ing among the callers.
At noon the secretary and Mr..
Byrne marched at the head of the
Victory loan 100 per cent parade.
Afterwards he went to the Cham
Der Of Commerce. where he lunched
and delivered an address to the
business men of the city, former
Senator Willard presiding.
At the Chamber of Commerce the
large dining room was crowded to
capacity. AS the secretary arose to
speak, he was greeted with most
enthusiast site reception. AS the ap-
plause died away the secretary de-
voted few minutes to review of
the disadvantages of the old ma
tional banking system prior to the
adoption of the federal reserve plan.
Loans to Other Nations.
He called attention to the fact
that the government has loaned for
eign nations $l1,000000,0O0 for war
purposes and has Aoated $18,000,-
100000 of Liberty bonds and war
saving certificates, besides billions of
dollars of treasury certificates of in
debtedness, issued in anticipation of
the Liberty loans.
Launching into the main part of
his address, the secretary in part
said:
"A world is to be rebuilt. Should
we timidly pause and debate as to
who should rebuild it? Not for an
hour, gentlemen; the enterprise
should be started right away, here
at Omaha, by the blare Of your
furnaces and the whirr of your mills
and the din of thousand essen
tial industries. 1T should spread, in
healthy progression, to the utter
most parts of the land.
THE American people should sup
plement the patriotism of war by
the patriotism of peace; and just as
American soldiers on the fields of
battle made notable conquests for
liberty, so American business men
in different way and through diff
ferent instrumentalities should now
give expression to their patriotism
BY promptly and cheerfully meeting
the obligations of citizenship which
EFFICIENTLY involve triumphs of peace
easily comparable, in their ultimate
consequences, to the greatest vic
tories of war. --
1--WE are not going to approach the
last Liberty loan strictly in a COM
mercial spirit. We are not going
to float it strictly on a commercial
basis. 1t is impossible to do it.
A little thought will teach the wis
est among the fnanciers of this
country that it is impossible now to