Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1919-03-22
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SATURDAY, MARCH %, 1919.
THE COMING LIBERTY LOAN.

The Victory Liberty Loan, which
will complete our payments on the
war preparations that brought Ger.
many to- her knees so suddenly last
November, will be fioated between
April q and May 10. The Secretary
OF the Treasury has announced that
the terms offered on the new loan
will be such as to make the govern.
ment securities the best buy" on the
market at the time II Is circulated.
While Mr. Glass has not announced
the amount he would call for. the best
informed public men say that the
issue will be $4,000, 100000, with the
right to accept all Neutrality-suspicious..
And now to consider briefly why
the Victory Liberty Loan has to be
foated among the American people.
In the first place, the loan Is a
good investment. Before the war,
most of us were not investors. Today
one.fourth of our population are bond
holders and half of us hold some sort
OF government securities. We have
begun, at least. to learn the thrift
habit that we may lay up some treas
ures on earth.
In the second place, this was our
war, war OF the American people,
democracy against tyranny. We have
testified fully TO our sanction of this
war by sending 100000 men to the
battle front, training 1.750,O00 more
and getting ready 100000 to go into
training. We testified to our interest
in II when we subscribed S7,000,000,.
900 to the Fighting Fourth Liberty
Loan and gave literally to our war
charities.
Now the war IL over and we wonder
a bit why we are asked for more mon.
ey. There are still million Of our
fighting men In France who must be
brought home. There are thousands OF
our wounded and sick in hospitals who
have yet to be cared for. Our mer'
chant marine Is still building that
America may take her place in the
world mart. All these take funds.
Yet that Is not the real reason for
the Victory Liberty Loan. Our gov
eminent had In process Of construc'
ton. when Germany capitulated, war
machine which was planned to ami
hilate the armies of the Fatherland
during the coming summer. The al
lied experts believed that Germany
would not surrender until she was de-
feated, so they planned for that over
whelming defeat during the coming
summer. Germany, however, conclud
ed that she had enough before the
full force Of our war catapult struck
The German general staff knew that
we were building that great machine
They had felt the first blows al
Chateau Thierry, Belleau Woods, the
Argonne and st. Mihiel and had learn
ed that the American mob" knew
no defeat, gave no ground, but went on
in spite of losses of eight to one
They knew, too, that the American
and British navies had rendered the
U.boat impotent with American depth
bombs, strung in a barrage twenty
miles wide across the North Sea.
They saw the American ships in
an almost endless stream bearing aer
ial armadas, flocks of tanks, battery
after battery OF rifles, howitzers, and
mortars, gas and high explosive shells
by the million, rifles and machine
guns with their ammunition and men
regiment after regiment until there
seemed no end to the khaki clad
fighters coming out OF the west. Sc
the German showed his "yelloH
streak"
And that yellow streak" engender
ed by our preparations, saved thous
ands OF lives of American boys ant
millions of lives OF their compatriots
Had we not made this vast prepare
tion our boys would be blowing ahead
through Flanders mud and French for
ests, paying with their life blood tht
price OF the worlds freedom. The
preparation was made. The war Is
over. Our boys for the most part are
returning to our hresides, safe and
sound.
With the Secretary Of the Treasury
we should issue our thanks TO GOO
that our preparations made possible
their speedy return. With him We