The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1919-03-27
SAY 9Th LOAN
WILL co over
Liberty Loan Workers of the
Seventh District Tell Glass Is
sue viii Be Subscribed.
MEETING HELD IN CHICAGO
Secretary of Treasury Declares "our
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 1900 Liberty
Loan workers at the Hotel La Sale
here was interrupted by some one at
the speakers table, who called out:
MAKE it 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
"Our 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
Sin way" a Detroit banker, but
said that principally he is a manu-
facturer of overalls.
"There are two things we beg Of
you, Mr. Secretary" said he. First,
that the treaty of peace be signed
es quickly as possible and second,
that the rate of interest on this bond
Issue be made so attractive that we
J can put II over in record time.
at Is your duty and privilege, sir,
20 fix the rate, and l will not now
suggest what l think 1t ought to be.
But I do want to remind you, sir, that
whatever be the rate, it will be paid
TO the 20000000 bond buyers we have
developed in this country, and | for
one will not begrudge 1t to them"
The audience leaped TO its 1,5OO
pairs of feet and cheered and yelled
approval
This scene was the sequel to ii con-
fernce earlier in the day, when five
| Of the Liberty loan leaders met the
secretary and argued with him for
a rate of five per cent on the fifth, or
"Victory Loan" He did not say what
he would do, but he gave the com
mittee the impression that the rate
would be lower.
Secretary Glass promised that this
would be the last loan on the war
account and the Liberty loan organiZa-
ton would pass out Of existence when
Il 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 financiers and business men.
81 am told in n rather disconcerting
way by men of steady judgment and
tested patriotism that we must APP
proach the problem Of future loans in
distinctly cold-blooded mood" said
MIR Glass in his evening address
that things have assumed different
phase; our attitude of mind and heart
IS altered we must consider the mat
ter strictly from an investment point
Of view, and put the loan on a com
mrrcial basis.
Some men tell me il will be i'm
possible again 20 appeal to the pa
triotsm of the American people.
Frankly, gentlemen should despair
Of my country If these things were
exactly true.
"Whut is meant by the sacrifices
Of war for America? Where are our
devastated fields ana ruined cities?
Where our cathcdruls destroyed and
homes profuncd? Where our flooded
rdncs and pillagcd factories? Where
our lost treasures and purloined
works of art? Where our dchled WON
en- and starved children and wrecked
men2
"France and Britain lost millions of
men killed and millions of others
wounded Less than 10000 American
heroes sleep beneath the sod Of
France. These men made the supreme
sacrifice. Should we dishonor their
memories or diminish the glory Of
their service by pauslnR in the cheer
ful performance Of an imperative
duty?
I'VE can this last the victory Lib
crty loan. It is that and more 1t is
Thanksgiving loan.
4 convention of the war loan organ
cation of the Seventh Federal Reserve
district was held at Hotel In Sale
with representatives from Illinois,
Wisconsin, Indiana, Michigan and
Iowa
To Govern Asace-Lorraine.
pnrls MMrch 2l-AleXnndre Million