The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-04-16
URGES NEW LOAN
AS ANTIDOTE FOR
SOVIET DANGERS
Secretary Glass, Addressing
New York Workers, Also
Calls Issue Thanksgiving
Lean for Victory Over Hun.

NEW YORK, April Handicapped
distribution of the fifth and final LIB
erty loan-the $4,000, 600. 900 Victory
loan-as an antidote to Bolshevism,
was urged by Carter Glass. secretary
Of the treasury, in an address last night
before 1000 loan campaigners Of the
New York federal reserve district.
You want to give it widespread dis
tributlon," he said, because. in my
belief, the surest way to shoot down
Bolshevism is to let the people Of this
the government. You want to 40 IT
In order to ~inculcate the lesson OF saw
ing and Of thrift"
An additional reason for absorption
Of the loan by h 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 would their ability DO i'm
paired to moet the demands for capl-
tai, for and industry.
We should not hesitate q moment, !"
he declared. I'VE should go forward
at once. Just a. our American boys
illustrated the heroiam and valor 0f
this nation upon the battlefield. so
| American business men and business
NV AlNAAN WV HhA
Do DC e RsA'0 !" a 0''''''"' way ana WIN
we call this a Victory loan" he
continued, land It Is that. But I think
1t might as well have been called \
Thanksgiving loan. ] am appealing to
my fellow countrymen to give thanks
to God that the war was, through the
yalor and spirit Of our American ma
ton, kept 5000 miles away"
ptdtry1lno Aro11 m amt
Secretary Glass then took up the
frequently heard statement that 1t
would be impossible to float another
loan.
"They said that It was impossible for
this country to organize an army that
would be a deciding or helpful factor
In the great Hun struggle" he said.
And yet you know, and William
Hohenzollern knows, that the United
States did organize an army that
helped drive the mad monarch into
exile and restore the peace OF the
world.
when we had organized the army
II was impossible to transport 1t across
the seas in time to be OF service, ami
! sat in the halls Of congress and
heard a discerning and distinguished
statesman bitterly deride the American
secretary OF war for suggesting that
"i1ihl - tiNbH pCAlOu VIC Cuulu LTdnh-
port b00. 900 men ~to France; and yet,
my friends, within the appointed time
we had transported not only 500, 900
men, but 750, 900 men.
Then 1t was said after they had
been transported that this unframed,
INFESTED army could not be made tit
in time to be of service at the front.
We know that It was at Chateau
Thlerry that the American troops met
the brave, heroic French. shaken and
almost shattered by four years OF des-
perate struggle. retreating from tho
battlefield and imploring the American
officers to turn back. 1t a In France
last October, and | personally heard
Of the laconic reply Of the American
commander:
Turn back said he. why, he'll,
we Just got here and our orders are
to go forward
60 forward they did, and from that
moment the Prussians never captured
a foot OF French soil. For more thar
three years It was said that Il was
impossible to take the st. Mlhiel salient
from he Hun, and yet that American
army made the assault and in IA hours
took the salient and penned up 1920
Prussian prisoners. SO lmpossibilitfpa
are constantly made possible"