The Penn's Grove record., 1919-05-09
Glass HTS At
LOAN "GLOOMS"
Treasury Head Has Supreme
Faith in American
Patriotism.

car people Carter Glass, secretary
Of the Treasury, places full reliance
or the success of the Victory Liberty
Loan.
Mr.. Glass does moi agree with the
."giooms' who contend that CONNER
rialism is in the hearts of the people
md that a spirit of avarice vii! re-
ard the loan. Sentiment and the
spirit Of sacrifice are. in his opinion
uIst as closely allied to the present
'9mpaIgn as they were to it> pfede-
"eSs0rs He is confident that an APP
zeal TO public patriotism Will succeed
where a campaign based Oh strictly
commercial or profit-tak.ng argument
would be ineffective.
In an Interview he stated Ms rea-
SonS for holding to the patriotic T.ew,
Is follows:
Some men tell me it will De .mpoS-
a'''!e again to appeal to the patriot.
s!a of the American people. Frankly,
! should despair of my country II
/ Is were exactly true. | wonder i
hose who talk in this fashion speak
cons derately? They tell about the
sacrifices the American people have
made. and in their voices there is a
metallic one and in their mien uncon-
scious ansferity.
What is meant by the sacrifices
of war for America? Where are our
devastated fields and ruined cities?
Where our cathedrals destroyed and
homes profaned: Where our flooded
mines and pillaged factories? Where
our detiied women and starved chill
dren and wrecked men? Where On
this wide continent does hunger stalk
abroad or %pestilential disease claim
its thousands Of victims?
is it, then a serious sacrifice to
invest ones money in the interest
bearing obligations of ones govern
ment in order to make everlastingly
secure the nations freedom as well
as the nations property? Is it a
grave sacrifice to devote ones labor
to such a cause and in the process to
acquire the habit of thrift and saw
ing, so sadly lacking as a character
istic of the American people?
"Our allies fought for us nearly
with them. For nearly that period of
time the United States profited ire
m~endouSly, in a commercial and indus
trial sense, by the European war.
Immense fortunes were made; pros
perity %pervaded our land. Our domes-
tic trade was almost past cOmputa-
ton our foreign trade in many lines
was epochal.
France and Britain lost millions
of men killed and millions of others
wounded. Less than sixty thousand
American heroes sleep beneath the
sod of France. These men made The
supreme sacrifice. Should we dis
honor their memories or diminish the
glory of their service. by pausing in
the cheerful performance of an i'm
perative duty?
do we quite fully appreciate the
sacrifices made by these boys for us
when we talk about discharg:ng our
debt on a commercial basis, in a cold
temper, present a distasteful contrast
with the spirit Of that American SOL
der who, standing at the brink Of
eternity, pulled out and gave over his
last farthing to help the Red Cross
aid other wounded men!
II want to be sensible in dealing
with the Victory Loan. But. as the
question looks to me, we should not
approach it in cold blood. We have a
right to invoke the patriotism of the
Upon this l shall confidently
rely; and I predict that the response
will in no measure disappoint the ex-
nectatiOn of those who set a high
estimate upon the fine spirit of the
American nation.
I'VE call this last the Victory Lib
arty Loan. 1t is that and more, II
is a Thanksgiving Loan. We are not
going to approach it strictly in a
commercial spirit. We are not going
10 float it strictly IN a commercial
basis. IT is impossible to do it. A
little thought win teach the wiseSt
among the ~financiers of this country
that it is impossible now to float,
purely for investment purposes. a
.oan of five or six billions of dollars.
"We have got to appeal to the pa
of the American people, and
will not be done in vain. There
ire vet two million American boys in
France and Germany who must he
maintained in comfort and brought
in safety and provided with en-
)lOyment on their return. While
congress is writing off the books S1l.-
)OO. 100000 of authorizations, for which
funds would have been expend-
ID had not the war suddenly termin-
tied, the government is still expend-
two billion dollars per month to
neet the honorable commitments of
he country.
"The honor of the government is
Ev~olved,and l know that the appeal
Il the American government to the
American people will meet a response
# which the nation will be proud"
VICTORY LOAN LIMERicH3.