Newspaper Page Text
TIE LMT LOAN.
Continued from page two.)
.. price our government haslo
n , you. its people, for the use of
I ney, because we do not want
any profit on our allies. We
I , , , )t want to profit by the bicod that
; . ]USt shed upon the battle field
, , . <auie cause in which we are
I engaged.
I T |, e L berty Loan Must Bea Success.
What can you do to make this loan
S , K . ( ~s S? You have.got to work, gen-
I . , ... t 0 make this loan a success.
lAm Ia never before was offered a
I t . . miO.OOO issue of bonds. This gov-
I , ni . lt never has had to borrow so
. " llK .h noney at one time. The money 1
I , country and can be had if you
I. i simply say that the govern-
I, . , n lmve it. The annual increase
I | wealth is estimated to be fifty
| ■ of dollars. You are asked not
■ . my thing to your government,
ly to invest 4 per cent of the
Increment of wealth in this
I -to take hack from your gov
■ : the strongest security on the
I ( ;oil’s earth, and to receive in
I. it 3'/. per'cent per annum,
I \ front all taxation, with the
I provision that if the govern-
I tes any other bonds during
I ,„1 of this war at a higher rate
I t than 3% per cent bond may
In and get anew bond at the
, rate of interest. Could any-.
I Isirer than that? Could any
more secure than an obliga-
K . ; your government, an obliga
■ ~ked not alone by the honor of
■th ,\ ■ ican people—which of itself
■ Lent —but backed also by the
B> ; of the richest nation in the
B. a nation whose aggregate
B * day is two hundred and fifty
H:! ion.-, of dollars; so that you take
Bo ri.-U, my friends, in buying these
Ronds.
■The First Duty of Every Man and
Woman.
Tin- bond offering is not going to be
Biiccessful of its own momentum. Ev-
Bry man and woman in this country
Burnt. realize that the first duty they
Ban perform for their country is to
Bale some of these bonds. Those who
Bre not able to take some of thes'e
Bonds ought to begin saving monthly
Bo take some oi them; and if they can
Bot save monthly, or at all, they
Bnglii to make some man or some wo-
Bian who is able to take some of these
Bonds subscribe. If you do that, my
Bi tends, this first issue of $2,000,000,-
B" 11 will be largely oversubscribed. Tt
Bepends, however, upon you. Your
Bovermuent can not do what you can
Bn for your government. A govern-
Bient is not worth a continental unless
B has the support of the people of the
Bournvy. And one thing that makes
Bm .. . d —l ought not to be glad that
Bheie is a war—but I can not help
Beeling a certain amount of reverent
Blation that God lias called us to this
Breat duty, not alone to vindicate the
Bkds that inspire us but also because
B has, for the time being, eliminated
Betestable partisanism from our nat
|>ual life and made us one solid peo
le. As one people, my friends, with
uvh an ideal, the republic is invinc
>le and irresistible, and there can be
o doubt whatever of the outcome. I
[Bant you to give a thunderous reply
r ‘ the 15th of June —Liberty Bond
Bun c;option day—to the enemies of
Bour country.
f I I like to think of the young maa
|Bvod of America registering in legions
B the sth of June in response to their
[Bountry’s call. 1 hate to think that I
i Bni a part of the ohl manhood of
B m enca, because they will not have
B e in ’he army; I would rather be in
IB army or navy, where I could help
I ■' l ' ke a physical blow for this noble
|Han-o ihan be talking for bond issues
[V ll< (la >’ of the year. But we can not
lE* s erve in the field; we have got to
IBive where we are called, and that
I jr one of the splendid things about
| raft system. It is the very es
lß,llCf! r>t> <leniocracy - does not pen
[V e brsb patriots who abandon
I Ben;, a , io ns in which they can serve
j B Hr country with greater benefit and
IB ' 'he front, where they can do
IB but it says that a discrim-
IBjii n- and just government, through
IB 'lnly authorized agencies, will find
I B who are eligible for military ser-
IB tUl d will determine where every
Kb' 1 ' oUght to t>e b lace d. SO that in
t "' er task >s assigned to him he
i H ll1 '" 1 the maximum of service to
IB '-"'uitry. Let us make a thunderous
I I 0n tbe sth of June—draft-
I I ; n ,lay — b >’ recording the mil-
IM freemen who are willing to
IB !or wor 1-d democracy, and then
IB 'he 14th day of June go out
|H dag which means
■ ! : ‘ 1 Prof cction for us all. Let
■ 'own on our knees on the 14th
B Flag Day, a r.d thank God
|H " S!3rs and Stripes are again
'or humanity and libertv
t£ ~-out the world. Then, on the
B : - 15 * let send in
gPjj l son, so that this great
l iberty loan will be five billions or ten
billions in subscriptions instead of
two as notice to the enemies of the
United States that they had better
pause and think whether or not it isn't
better to stop this shedding of blood
and further expenditure of treasure
than to have to fight this organized
und invincible rebublic,
War Taxation.
y lv friends, there are several things
which have to be done in addition to
selling bonds, 1 should like to explain
to you for a moment that nothing
could be more unsound than to at
tempt. to finance this war by bonds
alone. I have no sympathy with the
argument that we ought to pass this
burden along to succeeding genera
tions. I have sympathy with the argu
ment that we ought to pass a part of
this burden along to succeeding gen
erations, but not all of it. Succeeding
generations did not put us in this war;
they have had no voice in this decis
ion. Not only that, but liberty is just
as dear to us here as it will be to suc
ceeding generations, and if we want
it for ourselves, and if we want to
transmit, it to posterity, we must do
the things now that are necessary to
preserve it. We must have taxation as
veil as bond issues. In the first place,
if we had bond issues alone we would
.have a period of dangerous inflation
which would react, upon the termina
tion of the war, disastrously upon our
prosperity. There are many bankers
here, and I know that they understand
full well the dangers of inflation. Bus
iness men understand it, too. We
must, of course, have a certain amount
of wholesome inflation to carry on
this war. That is inseparable from the
situation; it is "an essential thing to
have, and l do not decry it. Perhaps
i ought to say not wholesome inflation
but wholesome expansion. We must
keep credit in this country easy. We
must see that our great prosperity is
properly financed; and while we are
doing that we must keep interest rates
down, so that business may prosper
and production be keyed up to the
limit, because with the great demands
that are going to be made upon our re
sources by our government and by the
allied governments during the next
year it will require the utmost energy
and industry on the part of every
American citizen in every 'line of en
deavor to produce the things that are
needed to win this •war.
And so, while that must be done, we
must also apply a reasonable measure
of taxation. It is the best corrective
for the inflationary tendencies which
grow out of large bond issues. We
shall probably have to finance in the
next 12 months something like $lO,-
000,000,000. The total amount of new
taxes proposed in this revenue Dill is
only $1,800,000,000, or 18 per cent of
the total financing we shall probably
have to do. lt doesn't make any differ
ence that we shall get back from the
powers bonds for a large part of these
expenditures. We have got to finance
it all —their needs as w’ell as ours—in
this country. The money is going to
stay here, that is very true, but 18 per
cent of the total of $10,000,000,000, T
must tell you, fellow citizens, is the
least possible amount that, ought to
be raised by taxation if we undertake
to finance this war conservatively and
soundly. Never was there a nation so
able to bear that tax burden as the
American nation, and never was there
a time when the American people were
more willing to make the essential
sacrifices to meet the situation.
Economy and Thrift.
Not only is it necessary to correct
inflationary tendencies, but a certain
measure o£ wholesome taxation is ab
solutely essential. to encourage econ
omy and thrift in this country. When
I say economy, I do not mean a lot of
hysterical self-denial, the refusal to
satisfy the ordinary needs of ours
selves and our families, the normal
needs, during this time of war. We
do not have to cut off our normal
needs. What we do need to do is to
prevent waste, to stop extravagance,
and to give up luxuries for the period
of this war. Unless we have a certain
measure of wholesome taxation to
make men realize *'necessity for
saving and for the pretention of waste,
we are not going to effect these nec
essary savings. Reasonable taxation is
in every direction a beneficial measure
in time of war.
Why are savings necessary? They
are necessary, first of all, because
waste is a crime against civilization at
this timet secondly, because every
thing we save makes us more able to
respond to the demands of our coun
try for the necessary finances to con
duct this war and to pay the propor
tion of taxes that must be imposed for
that 'purpose; and, thirdly-, because
everything we stive, everything that
every man, woman, and child in the
United States can save in the way of
food, in the way of clothing, in the
way of any other of the essential
things of life, is Just fftat much less
demand upon the general store of the
country. I want you to think of this
situation for the moment as one big
general store, with Uncle Sam as pro-
THE BARTOW TRIBUNE-THE CARTERSVILLE NEWS, JUNE 14, 1917.
prietor. Uncle Sam has got to see that
his own people are fed and taken care
of; he has got to see, in addition, that
the 1,000,000 men, perhaps 1,500,000
mem, whom we are going to put into
the field are fed and clothed and equip
ped with the things that are necessary
to enable them to beoome trained
soldiers. T'tiese men will be taken out
of the fields of productive enterprise.
They will be for the time they are in
the war idle men from an economic
standpoint. They have got to be fed
and clothed and equipped. That means
an enormous drain upon the general
store that we have not heretofore had,
and unless we economize and prevent
waste it is a very serious question
whether we shall be able to produce
enough to meet all of our demands and
the demands of the rest of the world.
Everything that we save is going to
release that much in the general store
for the support of our own armies ami
the armies of Europe. It is therefore
most important, my friends, that that
-should be done; and 1 want to urge
you all to practice that'kind of econ
omy which, while not restricting legi
timate business, because that is un
necessary, will prevent, valuable food
and other things from being thrown
into the scrap heap, literally wasted
and rendered valueless to everybody.
Life and Property.
Wars involve sacrifices, as J said
before, l have heard some grumbling
about taxes. I have sympathy always
with the feeling that we ought not to
have new burdens put upon us. J
don't want to put burdens upon any
body, and I cetrainly do not want,
where additional burdens must be im
posed,, to have them unjustly or un
fairly distributed. These new'taxes
ought to be equitably imposed. The
difficulty about it is that everybody
has got a different idea about equity.
Every man has his own notion about
equity; and I find, as a rule, that his
notion about equity is very much dis
torted when his own interest is af
fected. That is human nature, and 1
am not. criticising human nature. The
man who does not reckon with human
nature had better quit trying to do
business. You have got to realize that
fact. The point I want to make, fellow
citizens, is this: We have got to stand
these burdens and make these sacri
fices, I want to draw a contrast for
you. You have just passed this draft
bill. You have said to the young men
of. the country between 21 and 30
years of age, ‘‘We take you; we take
your life; you must die if necessary
to protect the property and the liber
ties of the people who do not go upon
the field of battle" —you men who stay
here at home, my sons and your sons
must go. I have three sons who have
already volunteered for the navy;
thank God, they said they were will
ing to serve their country; and, as I
said in St. Paul on Saturday, T would
not confess that I had three sons if
they did not have the spirit of Ameri
ca in them. We send our sons, my
friends, out to fight to protect you and
your property. Now, because we are
stingy about taxation, or because we
quibble about how the money shall be
raised, are we going to let our .sons go
to the front ill equfpped, improperly
armed, so that they can not sell their
lives as dearly as possible, so that
they can not make their lives count
for all that their blood and spirit are
worth? I don’t believe that there is
a corporal's guard of men in America
who will quibble about taxation, who
are unwilling to give more freely of
their property than of the blood of
their citizens. Shall we be more ten
der with our dollars than we are with
the lives of our sons?
I want to ask you men today, be
cause you are the men who form pub
lic opinion in this country, to get be
hind your government and help wake
up the people to the necessity for
making these sacrifices of property as
well as these sacrifices of blood, be
cause after all it is perfectly useless
to expend the blood of our sons upon
the field of battle unless we support
them at home. Not only that, my
friends, but I want you to think of
this: All the sacrifices of treasure
that we may make to gain a victory—
and we are going to gain that victory
no matter what the sacrifice may b*
—will be infinitesimal compared with
the sacrifices that every man of prop
erty in this country will have to make
if Germany wins this war and plants
the iron heel of conqueror upon our
shores. You may think that I am
speaking extravagantly when I say
that, birtj am not, my friends. Some
wit or philosopher said that the best
friends of the United States were the
Atlantic~and Pacific Oceans. Do you
realize that that fime bas K° by ’
The Atlantic Ocean today, under the
conditions of modern warfare, in t
anything than a 3-mile wide stream;
It has been crossed bv submarines ,1-
ready. Canadian manufacturers. I am
told, have sent submarines to Europe,
of which you have never heard. Ger
many has sent her submarines over
here. Only last summer a G°rman sub
marine came into one of our harbors,
and, after going out, sank a lot of mer-
chantmeu off the New England coast.
Suppose Germany wins this war. She
can only win it by overpowering
France and England. If she does, and
gets possession of the British fleet
and the French ileet, combines these
with her own strong fleet and with her
gi eat fleet of submarines, do you
think it likely or unlikely that she can
make it very uncomfortable for tho
people of the United States? She will
make it very uncomfortable, and the
amount of indemnity that you will
have to pay will be thousands oi
times greater than any amount you
will have to raise now by taxation to
carry this war to a successful issue.
So, my friends, let us not quibble
about these que.-tions of property; let
us not be more gentle with property
than we are with the lives of our citi
zens; let us strive earnestly, diligent
ly, loyally, and patriotically to equit
ably diffuse these burdens of taxation,
because I am just as much opposed io
making any one class light for my lib
erty as I am to fighting alone for ev
erybody else's liberty, but let us pay
the necessary taxes. Let us all try to
secure an equitable distribution of the
burden-; of taxation, but let us not be
overrefined about it, nor oversensi
tive as between classes, because—let
me take you into my confidence —I
have learned this after four years in
the treasury department—although I
do not make the revenue bills; the
congress makes them—you will never
get a perfectly equitable tax measure.
So let us not waste lime over that.
Let us as true patriots put up the
price and win the war.
Price Regulation.
Along- with these problems you have
another thing to consider in this war:
You have got to consider the question
cf essential price regulation. The gov
ernment may have to regulate prices
during this emergency. If it does it is
{ urely an emergency measure. The
government in the regulation of pric
es must see that a
turn is given to every producer, and
that is what the object of the govern
ment is going to be. it is going to be
to protect the producer, and after he
has been given a reasonable profit we
are going to try to see to it that the
consumer does not pay an abnormal
difference between the cost of produc
tion and the selling price. These meas
ures do not, smock of democracy; in
themselves they are opposed to the
ideal of democracy. But whenever war
comes to a democracy it is necessary
to shuffle off the clothes of democracy
to some extent and to organize and
Mascot Range
Here Is a Range So Good We Say
TRY IT AT OUR RISK
H— • '
' . ,|y| ;
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s '" BB|s\ jt J i jjfWtegyftgSgM' £| B
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ATCO STORES CO.
“THAT COTTON MILL STORE”
Retailers of Everything and Buyers of Produce
We are}the'jmly distributors of this Range in this territory.
consolidate the power in the president,
so that it may be effectively exercised
for the benefit of the nation. That Is
what we are trying to do. We must at
the same time, in the purchases that
the government must make from our
industries, from our mines, from our
farms, from every other source of pro
duction, uot attempt to take produets
at cost. The government must pay a
fair profit to the producer. It is not
unreasonable to ask the producer to
sell to the government at a fair profit
for tl>e benefit of the people of the
country, but it is unfair to ask the pro
ducer to sell at cost. So that we have
got to see that a nice equipoise be
tween all of these essential economic,
factors is maintained.
While I would not suggest to any
man in this country that wholesome
and legitimate criticism of public of
ficials be prevented, I would suggest
that we try to offer helpful and con
structive criticism. Let us not merely
carp and find fault. 1 would not hold
an office for one second if I felt that
the gag was put upon the people of
the United States so that they would
not tell me when 1 was going wrong.
1 want them to criticise. I never get a
chance to read or hear anything else
but criticism. 1 tell you, my friends,
citicism, however unfair —and there
isn’t a country on earth where criti
cism is so unfair as in America—is
wholesome. I prefer any kind of criti
cism lo none, because it keeps a fel
low’s feet on the ground, and if he has
any tendency to "swell up,” it will
prevent him from “busting” in short
order.
“A Scrap of Paper.”
PC week ago a patriotic citizen of
.the United States came into my office,
and said, "Give me a pad and pencil.”
L picked up a piece of paper, a “scrap
ot paper” that was on my desk, and
handed it to him. With a lead pencil
he wrote: “I hereby subscribe for
$5,000,000 of the Liberty Loan of 1917,
and I agree to pay for it whenever
called upon by the secretary of the
treasury to do so,” and signed his
name. Gentlemen, that was a thrilling
incident to me, because there was the
answer of the American people to
German's declaration that a sacred ob
ligation Is no more than a ‘‘scrap of
paper." We answer it with another
“scrap of paper.” Upon that “scrap of
paper” was expressed the spirit and
determination of America that the bil
lions of dollars of resources of this na- j
tion would be expended, if necessary,
to vindicate the principles of liberty,
justice, and humanity throughout the
world.
Fellow citizens, you all know that
the security of modern civilization
rests upon the inviolability of treaty
obligations. You know that when Ger
many tore up the Belgian treaty, a
tieaty to which she was a party, when
she had given her solemn >!edge that
she would respect the integrity ot
Belgium, she struck a mortal blow to
civilization, she struck a motal blow
to the security and the peace of the
world for the future, if she can vindi
cate that doctrine. Her excuse for it
was not tiie excuse of the German peo
ple, but the excuse of the German
autocracy, that national necessity, jus
tified the breach of a sacred contract,
rot alone with Belgium, but with her
copowers in that solemn obligation.
We can not allow' that principle to pre
vail in this world. We have got to
make it clear, my friends, no matter
what tho cost, that the obligatiohs of
nations are more sacred than the ob
ligations of individuals, that the rights
of the smallest nations upon the face
of the earth are just as sacred and
must have the same respect as the
rights of the largest, nations!
MOTHER! DON’T TAKE
CHANCES IF CHILD’S
TONGUE IS COATED
If Cross, Feverish, Sick, Bilious, Clean
Little Liver and
Bowels. ■*
A laxative today saves a sick child
tomorrow. Children simply will not
take the time from play to empty their
bowels, which become clogged up with
waste, liver gets sluggish, stomach
sour.
Look at the tongue, Mother! If coat
ed or your child is listless, cross, fev
erish, breath bad, restless, doesn’t eat
heartily, full of cold or has sore throat
or any other children’s ailment, give a
teaspoonful of “California Syrup of
Figs,” then don’t worry, because it is
perfectly harmless, and in a few hours
all this constipation, poison, 6our bile
and fermenting w’aste will gently move
out of the bowels, and you have a well,
playful child again. A thorough “in
side cleansing” is oftimes all that is
necessary. It should be the first treat
ment given in any sickness.
Beware of counterfeit fig syrups.
Ask your druggist for a 50-cent bottle
of “California Syrup of Figs,” which
has full directions for babies, children
of all ages and for grown-ups plainly
printed on the bottle. Look carefully
and see that it Is made by the “Cali
-1 fomia Fig Syrup Company.”—(advt.)
If you could try out
any Ordinary Good
Range for a week in
your own kitchen and
then try out the MAS
COT for one week,
you'd find such a differ
ence and distinction in
favor of the MASCOT
that you wouldn’t give
the ordinary range a
second thought.
We know the MASCOT
will give you greater service,
‘doing your baking and cook
ing much better, and last long
er—but you, yobrself, don’t
know this, so that’s why we
make this remarkable
SPECIAL OFFER
Order a MASCOT, put it. in
your kitchen. Try it out thoroughly
on your baking and cooking. If it
doesn’t prove better than any range
you have ever used, and you
decide within thirty days you
don’t want to keep it, notify us
and every cent will be refunded.
Could anything be more fair ?