Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1919-03-28
SAY 5TH LOAN
WILL co over
Liberty Loan Workers Of the
Seventh District Tell Glass Is
sue win Be Subscribed.
MEETING HELD IN CHICAGO
Secretary Of Treasury Declares sour
Honor Is Pledged to Preserve What
Has Been Won by Those Boys
of Ours Over There"


Chicago. March 22.--The even tenor
Of the speech of Secretary Of the
Treasury Glass before 1,5O0 Liberty
Loan workers at the Hotel La Sale
here was interrupted by some one at
the speakers table, who called out:
Make II five per cent?
The secretary dropped the manu-
script from which he was carefully
reading and made vigorous reply:
There Is gentleman present who
thinks the loan would be more attrac-
tive at five per cent. want to say
to you that the loan looks attractive
TO me regardless Of the rate of inter-
est.
sour honor is pledged to preserve
what has been won by those boys of
ours over there. The honor Of the
nation, which is our honor, is at stake,
and would give every dollar have
and every dollar ever expect to make
before would dishonor the memory OF
those men. Five per cent interest does
not concern me-"
But the secretary was answered
when he had closed his speech. The
chairman called upon Abner Larned
of Michigan who confessed to being
"in way" Detroit banker, but
said that principally he is a manu-
fncturer Of overalls.
"There are two things we beg OF
you, Mr.. Secretary said he. First,
that the treaty of peace be signed
as quickly as possible; and second,
that the rate Of interest on this bond
Issue be made so attractive that we
can put it over in record time.
'It is your duty and privilege, sir,
to fix the rate, and l will not now
suggest what i think it ought to be.
But do want to remind you, sir, that
whatever be the rate, 1t win be paid
to the 20.OOO.000 bond buyers we have
developed in this country, and I for
one win not begrudge 1t to them"
The audience leaped to its 1,5OC
pairs Of feet and cheered and yelled
approval.
This scene was the sequel to con-
fernce earlier in the day, when five
of the Liberty loan leaders met the
secretnry I'D argued with him fol-
a rate Of five per cent on the fifth, ol
"victory Loan" He did not say what
he would do, but he gave the com
mittee the Impression that the rate
would be lower. .U.
Secretary Glass promised that this
would be the last loan on the wal
account and the Liberty loan organiza
fion would pass out OF existence when
It is put over"
At noon Mr.. Glass was a luncheon
guest Of the Chicago Press club. where
he addressed editors and publishers
of local newspapers and trade Journals
and met flnanciers and business men
Il am told IN a rather disconcertlnl
way by men of steady judgment ant
tested patriotism that we must ap
proach the problem Of future loans II
n distinctly cold-blooded mood" sai'
Mr.. Glass In his evening address
.that things have assumed differen
phase; our attitude of mind and hear
is altered; we must consider the mat
ter strictly from an investment poln
Of view, and put the loan on a com
mercial basis.
"Sone men tell me 1t will be i'm
possible again to appeal to the pa
triotism of the American people
Frankly, gentlemen, should despai
OF my country II these things wer
exnctly true.
'What is meant by the sacrifice:
of war for America? Where are ou
devastated fields and ruined cities
Where our cathedrals destroyed m
homes profnned2 Where our fioode
mines and pillaged factories? Wher
cur lost treasures and purloine
works Of art? Where our dehled won
en- and starved children and wrecke
men2
"France and Britain lost millions {
men killed and millions of other
wounded Less than 10000 America
heroes sleep beneath the sod
France. These men made the suprem
sacrifice. Should we dlshonor the
memories Jr diminish the glory
their service by pausing in the chee
ful performance of an imperati,
duty7
''We call this last the Victory Lii
erty lonn. II is that and more. 1t
n Thanksgiving loan.
A convention of the war loan orga
xntion of the Seventh Federal Reser,
district was held at Hotel La Sal
with representatives from Illinoi
Wisconsin, Indiana. Michigan al
Iowa