The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1919-04-16
Glass Wants
People to Buy
Next Loan


spread distribution of the fifth and fl
nal liberty loan-the $4,50O,OOO, 900
"Victory" loan-as an antidote to
bolshevism was urged by Carter
Glass, secretary of the treasury in an
address here tonight before 1000
loan campaigners of the New York
Federal Reserve District.
"You want to give it widespread
distribution" he said, because in
my belief the surest way to shoot
down bolshevism is to let the people
of this country have a material inter
in the government. You want to do
it in order to inculcate the lesson of
saving and of thrift"
An additional reason for absorp-
tion of the loan by the people rather
than by banks, Secretary Glass said,
was that the greater amount of the
loan the banks were called upon to
finance, the more their ability be i'm
paired to meet the demands of capi-
tai for commerce and industry.
eve should not hesitate mo-
ment," he declared, 1--WE should 60
forward at once. Just as our Ameri-
can boys illustrated the heroism and
valor of this nation upon the battle
field so American business men and
business women should illustrate the
patriotism of peace in different
way, and will do it. ~
"We call this a Victory loan," he
continued, "and it is that. But |
think it might as well have been call
ed a thanksgiving loan. a mappeal-
ing to my fellow countrymen to give
thanks to God that the war was,
through the valor and spirit of our
American nation, kept 5000 miles
away"
Secretary Glass then took up the
frequently heard statement that it
would be impossible to float another
loan.
"They said that it was impossible
for this country to organize an army
that would be deciding or even help
full factor in the great European
struggle" he said, "and yet you know
and William Hohenzollern knows, that
the United States did organize an ar.
my that helped drive the mad mon
arch into exile and restore the peace
of the world
when we had organized that army
they said it was impossible to trans.
port it across the seas in time to be
of service and | sat in the halls OF
congress and heard a discerning anC
distinguished statesman bitterly de
ride the American secretary of wal
for suggesting that within giver
period we could transport 100000
men to France; and yet, my friends
within the appointed time we hac
transported not only 100000 mer
but 100000.
"Then it was said after they hat
been transported that this unframed
untested army could not be made fl
in time to be of service at the front
eve know that it was at Chateau
Thierry that the American troops me
the brave, heroic French shaken a
7 most shattered, retreating from tn
battlefend and imploring the Amer
can officers to turn back. | was j
France last October and PERSONAL
heard of the laconic reply of tn
American commander.
d" Turn back! said he, why, hel
, we just got here and our orders ar
to go forward!
go forward they did and frol
- that moment the Prussians never cal
tured foot of French soil. For MOI
than three years it was said that
was impossible to take the st. Mihe
salient from the Hun and yet tn;
American army made the assault an
in fourteen hours took the salient an
penned $4,000 Prussian prisoners.
impossibilities are constantly mac
q possible.
II get little impatient with II
impression that the American peop
e shall requite the goodness of &C
# by looking upon this Victory loan
] cold blood and upon a commerce
" basis. 1t is higher in considerable
= than that. 1t has something of righ
eousness about it and we ought to r
quite the goodnessAof God in a bett
than by its consideration from cor
'1ercial point of view"