New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-21
Loan
into Bankers,
Says Morrow
,r,mber of Morgan x Co.
Tells 800 Financiers at
Waldorf Banquet of Duty
falls 1t Duty to Dead
.seris the Fifth L. S. Issue
Will Test Real Loyalty of
the People of the Nation


RESPONSIBILITY for the successful
a.,ticn of the Victory Loan was
.,esd firmly ON the shoulders of the
rims bankers by Dwight w. Morrow,
amber Of the firm Of J. P. Morgan &;
+. IN speech last night at the eighth
,cnal banquet of the trust companies
inc United States at the Waldorf
storia.
The banquet was under the auspices
the trust company section Of the
,nerican Bankers Association. Eight
mdred bankers from all sections of
,s country were present, and took
sms with them Mr.. Morrow's declara-
on that on them rests 1.-The o'clock
|, the morning courage" to make the
an success.
1 That is going to be very hard
st for you men," he declared. 1T
not going to be easy. II is going
be hard to sell bonds two months
ON now. l. is not going to be easy
i get the bands to play in the same
Nv that they played when the sol
RS were going to France. 1t is 60
! K TO be a test of character that
! int come when the war was on.
is going to be test of whether we
re able to 20 on when things do not
ok bright, when We are not stimu-
lied by the greater sacrifice that
Younger men are making, and that test
going to come peculiarly to the
banking community Of this country
Pay Left To Men Who Died
Gentlemen IT is going to rest with
la as to whether this country rises
II the great opportunity of paying
debts, paying its debt to the men
shO died in France, paying for some
lang that has already been expended.
I I'd doing it with as fine an enthusi,
I'm, even deeper enthusiasm, than
sat which marked your conduct at
as time that YOU were trying to
PIE money to keep an uninterrupt-
flow of American soldiers going to
y other side
4 1t Is going TO be what some has
led the 3 o'clock in the morning
1Iage- There wouldn't be any
3inour about it, but it is going to be
thing that bankers, particularly
ght to recognize. 1t is going to be
81 discharge Of obligations, the dis
irge Of q sacred obligation to men
dA dled on the other side of the WA
Il TO our own men and to our allies
q q the Secretary of the Treasury
~ Is confronted with a task TO-DAY
8 great as, or greater than, any OF
3ie tasks that confronted his predc-
Il eesscr. be has the right to rely upon
Z the men Of tins meeting, and men that
3 ron rspfesent from all over the Unite d
4 MATES, to give him not only your un-
j luahHed support, but your enthusiasts
i tc support.
s Haven't Reached England's Record
and, so far as our capacity to do so
81 Concerned, don't make any mistake
~ you raise a seven billion dollar loan
"a ten-billion dollar loan for this gov
4 nnent- Ii the people of this country
N so, 000,000,000 more to the govern
sa they will not have begun to
ne as much money for the prosecu-
8 OF this war, either per capita or
III proportion 70 their wealth, as the
s9le OF England, without boasting
1T It, have raised while the war was
lg On"
8 IL Morrow declared that the United
n s'es has before it at this time a diff
sal problem with reference to the
IA Ahonshlps Of all the people to each
~ Than 1t has ever had before. He
3safsd that he was not talking about
mess, but rather the position which
united States would take in the
10 in the future. He said that it
81 Do severe test for the United
~.ss 10 get the right sense Of pro-
s-on as to who won the war, be-
.As there Will be so many stories
sass was done by the different ma
=. borrow paid tribute TO Premier
y eneeau OF France, declaring that
ouia be hundred years before
3 nation knows how much it owes
i. lsaeeau. He declared that on the
q y 'ae armlstice was signed if every
man IN France had been killed
PRICE that America would have
q you'd have been much less by
~pafison than the price paid by
Pepper Fayors League
*"1ge Wharton Pepper, promi-
IN. - al.;adelphla lawyer and chair
" Inc Pennsylvania Council of
~ e was another speaker. He de-
~ referring 70 a league of
"a 80, mat ne was mot opposed to
IS sss 70 enforce peace, if the
aes eeeth IN it and If | may
ss.s voice IN the committee which
on applications for member
ogc am not so eager for a
q - " any sort that | am willing
ys,s epe tooth also and an i'm
81 substitute for the real thing"
- 80 Yang that We are facing is as
h no" az the issue which our
49, ~.sa at Chateau Thierry. There
Il. ~ ornamental question which each
&,slt - must face and settle for
So, ana that question is whether
ssy physical force, used in such
-. 40 70 command the respect that
NJ slost' IS part Of the God
Equipment Of the man and Of
H. 0n' Or whether it is not. And
tss Me l assert that it is the God
|. Equipment Of the man and Of
,ssea' and J believe that upon
, SnaH9n Of this fact fundamen-
II esnos the personal liberty, pri-
se.s,espsfSy and national security"
v aasea that he favored a reason
saI s ..aa Of compulsory and uni
% w.. stary servicc for the Amer
sss ;naason, Mayor Of Seattle, had