New-York tribune. [volume], May 09, 1919, Page 4, Image 4

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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President Lost
Prestige in His
China Decision
Ardent American Admirers
Alienated by His Support
of Japanese Claims in
the Shantung Peninsula
League May Take Hand
Belief Is That Loans and
Concessions Will Be
Controlled by Nations
New York Tribuna
Special Cable Service
(CoBFrtcht. 1,919, New "York Tribuno lue.)
TARIS. May 8.?The effect of Prcsi- ?
dent Wilson's* decision to support
Japan's claims in the Shantung
Peninsula has been to alienate a num?
ber of Americans who were 1?% ardent
admirers and supporters, so that, hav?
ing formerly lost much British, much
French and all his Italian prestige, ho
finally estranged the Chinese and
many Americans in the Crillon who
felt intensely on the Shantung
question.
The President, however, felt that
there was much to be said on the
Japanese side, in view of the fact that
Great Britain, France and formerly
Russia', and, to a minor extent, the
United States, were similarly trans?
gressors of China's integrity.
League May Control Loans
A plan is being considered which
Americans here hope can be accom?
plished under the league of nations to
unify and regulate various foreign en?
croachments now existing in China
and to control future concessions and
loans, which, as is well known,
has been a source of most of the dan?
gerous rivalry existing there.
But in many quarters there is little
hope of the league of nations func?
tioning with such efficiency, the gen?
eral belief being that the league will
have difficulty functioning even in
Europe. In Far Eastern circles the
question is naturally discussed as to
what effect a decision will have in the
Orient. Chinese and Americans with
a knowledge of the Peking government
generally agree that the consequence
will be to give Japan a dominant in?
fluence in the Chinese government, the
group of Chinese represented here
being unable further to retain power
in the difficult circumstances of disor?
der at, present prevailing in China, and
any other party in the future being
unwilling to risk the dangers of oppos?
ing Japanese influence without Ameri?
can backing.
Explained to Chinese
After President Wilson reached his
decision on the Shantung controversy
lie is said to have sent a message to
?he Chines?/ delegation intimating
that his choice lay between accepting
the Japanese, terms and trusting to the
league of nations to protect China in
the future, and failing to bring Japan
into the league.
Some Japanese, here speak of the con?
fidence that the Allies and America
have placed in them, inspiring them
? ??onerous behavior toward their un
v i; idly, incompetent neighbor. But
Others .-peak frankly of the necessi?
ties of the mainland empire and admit
finit Japan's enormous increased popu?
lation must colonize Corea, Manchuria
and Eastern Siberia. Corea and Man?
churia have been hitherto uncount?
able by the Japanese, because the na?
tive cuolie labor lives cheaper than the
Japanese. Adjacent Siberia, however,
not only forms a vast northwestern
extension of those territories, but also
is sparsely settled, the Russians never
having emigrated there numerously,
despite Russia's lone; possession.
In this connection an eminent Japan
ese said to me :
"We Janane.-" have equally our, fears
of the white races, one of which is that
the Americans and Canadians may some
day-? combine and cross Alaska into
Siberia."
Chinese in Shantung to
Oppose Japanese Rule
Missions To Be. Sent to All
Great Nations to Present
Demands and Aspirations
New York Tribune
Waehinaton Bureau
WASHINGTON, May 8.--Chinese
residents of the Shantung Peninsula
bave organized to oppose the cession of
Shantung to the Japanese, according to
advices from the Far East reaching
Washington to-day. They are asking
the ?"hi?ese of all parts of the republic
to join their organization and are un?
derstood to have received promises of
support from government officials,
'i-h'-y will base their demand for the
return of Shantung to China upon the
arguments presented by the Chinese
delegation t(, the peace conference and
upon the principle of the self-deter?
mination of peoples.
It is proposed to hold demonstra?
tions, to petition the powers and to
refuse to submit to Japanese authority.
This organization was started and the
plans laid before the peace treaty was
made public and it is not believed that
the publication of the treaty will
cause any change in plans.
According to the advices, the Chi?
nese do not contemplate, at present
at least, any armed opposition to the
Japanese, but demonstrations will be
held similar to those in Corea in ef?
fecting the "passive revolution." The
Chinese leaders in Shantung, it is re?
ported, have no desire to plunge China
into war with Japan, but say that war
n.nd annihilation would be preferable
to submiasion to Japan.
A part of the plan as reported in
the dispatches is to send missions to
all the great nations to present the de?
mands, claims and aspirations of the
Chinese of Shantung, all the time re?
fusing to accept the rule of the Jap?
anese and ignoring any regulations
that Japan may lay down for the gov?
ernment of the province.
U. S. Studies War Lessons
New Yrsrh Tribuna
Sjter.iot (Juble Sarpto?
(Copyright, 1813, New 'forU Tribune Inc.)
COBLL.VZ. May 8.~Major General
Dickman, who recently retired as com?
mander of the Army of Occupation, is
now chief of a military commission
which is studying lesson? learned from
the war. General Dickman will con?
tinue to make h!? headquarters at
Coblenv:, where the commission will
meet. Genere] Dickman will continue
to occupy a handsome mansion facing
the Rhin?*?, the property of a Prussian
count. This necfsxitates finding other
???table quarters tor Lieutenant Gen?
eral Liggett, who is now in active com?
mand of ?h<- Army of Occupation. Bil?
leting officers were scouring Coblenz
to-day for General Liggett's quarters.
The most wonderful sunny weather
yei, encountered by the Americans pre?
vails to-day, Ba#ebaU, in all its forms,
i* ?t Us htig>*.
American Press Calls Treaty Just;
German Paper Terms It Death Knell
Comment of the 'American press, English and German-language, on
the treaty of peace, the league of nations and the proposed Franco-Anglo
American alliance is summarized in the following special dispatches to
The Tribune ?
ENGLISH
"St. ! .oui? (?lobe Democrat:" "Severe
as the terms are, few can say they are
not essentially just. With the payment
of its debt, the eradication of militar
ism and the development of a govern- j
ment upon a foundation of humanity,
there will be nothing to prevent the j
restoration of Germany to a high placa
in the affairs of the. world."
"The Milwaukee Journal": "Tho
treaty is not a treaty of conquest of
territory, but of restoration. May it
not be hoped that Germany's compul?
sory disarmament, when completely
carried out, will encourage voluntary
disarmament by general consent of tho
nations? The league is an essential
part of the treaty. Not to have a
league would be fatal."
"The Kocky Mountain News": "Tho
supplemental agreement, if affirmed, i
will be a triple alliance, holding the. j
balance of power as against a world in I
arms, including a Germany returned to !
her imperialism. This supplemental;
document is the hope of peace-loving j
countries."
"The Cleveland Plaindealor": "A j
hard peace it is, bjit not an unjust one. I
Germany saves more from the wreck i
than she has any moral right to claim.";
Louisville "Courier-Journal": "A j
summary of the exceptionally volumi?
nous treaty reveals the terms are so- |
verer than had been forecast by those i
who have been trying to forecast (hem ?
for months. There is in them no senti?
mental softness. There is in them the
purpose of justice rather than of |
mercy."
"The Springfield Republican": "Some
of the issues which seemed most
threatening have been cleared away.
The spirit of justice appears conspicu?
ously in the treaty."
"The Minneapolis Tribune": "Out?
standing in the treaty is the fact that
Germany is to be thoroughly de-Prus?
sianized, and- hence denatured as a
state. Outstanding from the American
standpoint is that the treaty and the
league covenant are joined in such
manner that the United States Senate
apparently must accept or reject both."
"The Kansas City Star": "They are
such terms as only victors could dic?
tate, and that none but the vanquished
would accept."
"The Kansas City Journal": "No
American can feel1 the term? are un?
duly harsh. It is ? altogether probable
that even the league of nations will ba
relegated to a secondary place in the
thought of the American people when
they study tho enormous and imme?
diate significance of the more tangible
and concrete provisions of the treaty."
The "?Memphis Commercial-Appeal":
"Let there be no maudling sentiment
about the hard terms. If the burden
of the treaty destroys Germany, then
let. Germany perish as a nation. But.
the world is yet far away from set?
tled peace and order."
"The St. Louis Republic": "If Ger?
many, the mighty and the haughty,
wishes for peace and protection under
the treaty it must beg for peace and
protection. It will not have the powei
to enforce either. The losses and bur?
dens inflicted mean that Germany sinks
for a time at least to the rank of a
second or third class state. It is a
safe conclusion that the treaty as pub?
lished will be substantially the treaty
that Germany signs."
"The New Orleans Times-Picayune":
"The terms presented are such as could i
be imposed only upon a thoroughly j
beaten foe. It does not follow they!
are unjust or too severe. There will j
bo angry protests and complaints from ;
the Germans, but their spokesmen will '
find it difficult to point to a provision
which commits actual injustice."
"The Providence Journal": "The
term3 of the treaty are a rigorous em- ?
bodiment of the stern principles of j
reparation, restitution and indemnity. j
The vast majority of the civilized peo- !
pies of tho world will read its demands i
with joy and gratitude in the realiza- :
tion that tho great war has not been |
fought in vain. The Allied statesmen ?
have risen nobly to their task. The j
treaty has teeth in it. The crime of |
the Lusitania is avenged."
"Charleston News and Courier": "It
is not a 'soft' peace which is offered
Germany. It is the just and merited 1
end of a conscienceless brigand."
Japanese Are Given
Mexican Oil Rights
?Explorations and Surveys Are
! Being Made in Undeveloped
Fields by Experts
MEXICO CITY, May 8.?A Japanese,
government commission, headed by
Baron Hasegawn, captain of engineers,
has virtually completed an investiga?
tion of the petroleum possibilities in
the Tampico region, it was learned to?
day. The Department of Industry and
Commerce states that the commission
plans to conduct surveys in other parts
of the. republic, and that concessions
for oil explorations in the northern
part of the country, particularly in the
j states of Durango and Chihuahua, have
! been secured by the Japanese.
These activities constitute only one
j phase of what apparently is an almost
I frenzied campaign of exploration
| throughout the republic by Mexican
j and foreign interests. Reports are
i common that signs of oil have been
discovered not only in undeveloped
' fields in Durango and Chihuahua, but
| on the Pacific coast, and also on the
: Isthmus, in the states of Chiapas and
j Tabasco.
' Senator Says Wilson
Appeals to Socialism
CAMBRIDGE, Mass., May 8.- Sen
? ator Poindexter, of Washington, speak
j ing before the Republican Club of
Cambridge to-night, declare da dual
attack was ebing made against the in?
dependence of the United States and
i charged President Wilson with itlding
! the movement.
"The independence of the. United
i States is being attacked from two di?
rections," said the Senator. "One,
the 'internationale of the proletariat,'
represented by the I. W.W., the radi?
cal Socialists, the Bolshcviki and an?
archists, and the other, a movement
of certain element's of international
business and international pacificists.
Strangely, each of htesc movements re?
ceives support rfom tho other.
"In every country in Europe Presi?
dent Wilson haB appealed to the social?
istic clement and they, in return, have
supported his purpose. Likewise, the
President and his administration have
reciprocally aided and encouraged the
communists. Like certain internation?
al business men, the communists care
nothing for the, principle of national?
ity."
Irish Delegates to
Meet Lloyd George
LONDON. Mav 8 (By The Associated
Press).?"We have had no conference,
?and bava requested none, with Premier
GERMAN
St. Louis "Westliche Post": "By the
peace treaty the German empire ceases
to exist as an independent national
unit. She has been eliminated as a
factor in international commerce as
well as in world politics, having lost
her merchant fleet. Deprived of her
agricultural province in the eastern
part of the empire and of her colonies,
Germany faces a serious economical
problem to feed her people. She must
rely upon other countries for grain
and transportation. Germany's mili?
tary power is wiped out. The condi?
tions imposed upon her in that respect
allow no circumvention. The repara?
tion question is still unsolved, Ger?
many being burdened with tremendous
expenses without the means of ade?
quate revenue to meet them. Still, the
Allies must insist upon reparation in
order to stave off internal unrest. The
treaty as a whole is a death knoll to
German independence in all spheres
save that of abstract science."
The Detroit "Abend Post": "The
pence terms reduced Germany to tho
lowest placo among the nations. Any
one Avho thought them drastic will now
find them far more so than the news?
papers have told us. The conference
has ended in bitterness and hate. The
world, not made solid lor democracy
and in spite of the league of nations,
is doomed for moro war, and possibly
worse than ever before. The blockade
which has been on since November 11
and will bo kept on has placed thou?
sands of women and children on the
death list. This is the doing of un?
kindly hearts which will have no good
for the future."
Milwaukee "Germania": "Nobody
has any more doubts as to the guilt
of the old imperialist German govern?
ment in starting the war on August 1,
1914, but imperialist ambitions at that
wore not confined to the Gorman gov?
ernment. President Wilson's famous
fourteen points were recognized by
both sides at the time of the armistice
nr, the basis of peace. Have they really
been decisive in formulating tho peace
terms? Let everybody form his own
judgment. Also, let everybody form
his opinion of the principle of jus?
tice."
"The Davenport Demokrat": "The
feature of the peace treaty, which
stands out most prominently, is the
completeness of the account which is
presented against Germany and which
she will have to pay. If it is objected
that moneys and lands could never
efface many of her crimes, there is an
answer in the provisions for the trial
of the ex-Kaiser and all other violators
of the rules of war whoso persons the
Allies may demand shall be handed
? over to them. 'A good peace,' ?Premier
Clemenceau termed it. It seems to be,
and after German leaders have studied
it, they will sign it, and Germany will
undertake the long and hard task of
reparation."
The Cleveland "Waeohter und An?
zeiger": "President Wilson was pos?
sibly forced to yield somewhat in his
stand for the Fourteen Points, by the
adverse action -of this country in the
last election."
The Cincinnati "Volksblatt": "The
loss of the Silesian and Sear Valley
coal districts will bo a great economic
blow to Germany. The transfer of the
Saar coal field to France, as part pay?
ment of the indemnity will cause the
destruction of tho south Rhino in?
dustries that drew their coal from
this field. Cermany will be under such
heavy financial burdens that every man
will have to pay over to tho state all
earnings above those needed for a bare
existence."
The Cincinnati "Freie Presse": "The
treaty is built on tho principle that tho
victor has the riffht tn dictate to tho
defeated opponent tho terms of poae'e
I and then force him to accept if neces?
sary."
Lloyd George, as has been stated. In
; fact wo sou no reason why we should
j confer with him." was a statement
j made last night by Frank P. Walsh,
i chairman of the delegation of repre
j sontatives of Irish societies in tho
. United States which has been visiting
; Dublin during tho Tast week. Mr.
Walsh loft Dublin Monday night, leav
| ing his colleagues in that city.
"We wanted safe conducts from Ire
I lund to Paris for Professor Edward de
j Valora and a delegation representing
! the Irish Republic," he continued,
"and transmitted our request to Mr.
Lloyd George directly. lie answered
to Colonel E. M. House that ho wished
to confer with us before acting, but
that bi:> duties precluded his seeing
us in less than a week. So we went to
Ireland and will bo back early next
I week to meet the Premier.
"We want the Irish Republic's
i claims placed before the Allied diplo
I mats at Paris, and not tho head of
any one government."
Peking Wires
Cut, Reinsch
Tells Lansing
American Minister Informs
Secretary That Only One
Remains, to Siberia; Na?
tional Sentiment Aroused I
Former Envoy Beaten
_
| Students Attack Ex-Minister
to Japan and Burn House
Where He Was Guest
TARIS, May 8.?American Minister
Reinsch at Peking has informed Secre?
tary of State Lansing that all wire
communication out of Peking has been
cut except for one wire which goc.? to
Siberia.
PEKING. May 8 (By The Associated
Press).?National sentiment has been
aroused in Peking and China over the
peace conference decision regarding
Shantung and Kiao-chau. The pre.;
is united in demanding that the ter?
ritory be roturned unfettered to < hin ,.
Parliament on Monday adopted a
resolution addressed .to the peace c< u
fcrencc deprecating the decision to
give the disputed territory temporarily
to Japan. A boycott of Japanese goods
is much discussed in official circles
here.
Students oi. Sunday burned the
home of Tsao Yu-lin, Minister of Com?
munications, and severely beat Chang
Tsung-hsiang, former Minister to
Japan, who was a guest at Tsao Yu
lin's house. Tsao Yu-lin suffered a
broken leg in escaping from the crowd
which pursued him.
The police observed an attitude of
"benevolent, neutrality" during the
trouble, but made several arrests after
urgent orders were received from police
headquarters. Previous to the attack
on Tsao Yu-lin's house the students
had marched through the legation
quarter.
Dispatches dated in Peking Tuesday
and received in the United States
Wednesday said that the Chinese Cab?
inet had decided to instruct Chinese
delegates ?in Paris not. to sign a treaty
assigning the German rights in Shan?
tung to the Japanese.
It was reported also that the Min
j ister of Education had resigned as a
protest against the decision of the
Cabinet to punish the schoolboys ar?
rested in connection with the attack
on Tsao Yu-lin.
WASHINGTON, May 8. Serious
concern is felt in official circles here
over the agitation in Peking and Tokio
in opposition to ratilication by China
of the peace treaty.
Japanese warnings to Chinese au?
thorities, it is feared, may he the
prelude to action.
Almost total suspension of cable ser?
vice between China and the. United
States at this particular moment has
added to< this feeling.
I Bavarian Soldier?s Kill
Munich Civil Prisoners
i Break into Jail and Slay 21 of
.30 Detained for Holding
Prohibited Meetings
COPENHAGEN, May 8.?A Munich
| dispatch received hern says that after
i the arrest of about thirty citizens
I there for holding a prohibited meet
| ing a party of Bavarian soldiers broke
i into the prison Tuesday night and
' killed twenty-one of the persons under
detention. It is said the soldiers be?
lieved the prisoners were Spartaeides.
| A court-martial has been ordered and
j an order lias been issued that the sol
I diers found guilty of causing the death
I of the persons held in jail be shot.
MUNICH. May 8 CBy The Associated
; Press).?Munich is quieting down after
; four weeks of turmoil. The last of
? the Spartacan nests in the city has
i been cleared out by the Hoffman
government forces, and one of the
chief problems now remaining appears
to be that of the elimination of the
communist, money, of which more than
20,000,000 marks (about $5,000,000)
was issued. This sum in bills, which
closely resemble real money, is yet in
circulation.
J The Hoffman government announces
| that it will introduce the council form
! of government in Bavaria, minus the
j Communist features.
| Professor Bernhard, one of the re
| leased hostages, says the Munich ex
| p?riment sought improved production
| and better living conditions, but that it
? failed because no one worked.
?ffiwaB
If you've bougl
all the
VICTOI
you can afford
to, you can still
buy some that
you can't afford to!
*M?j? HdvertTsecrArtl contributed *f
.wi?giuM?*giHinir
UTi?t?
tkM* m ? mu. C;
The itiglxent Class Talking Machine in the World
Mi
Wmtm.
Jeremiah O'Leary !
Assails Wilson in
"Free Ireland" Talk:
President Is Referred To as
"Recent Occupant of the
White House"; Audience
Cheers Rap at Britain
In the first speech he has made since
a jury acquitted him on a charge of
violation of the espionage act, Jere?
miah O'Leary, at a meeting of the
Irish Progressive League, at the Cen?
tral Opera House, Sixty-seventh Street
and Third Avenue, last night dis?
played his usual antagonism against
Great Britain and made a few scath?
ing remarks about "the recent occu?
pant of the White'House."
"In January, HUT," said O'Leary,
"we were told by the present occu?
pant of the White House?I mean the
recent occupant- of the White House
that small nations ?hould have the
right to self-determifiation. That was
no! a new doctrine, but is a principle
that goes back to the timo \vh< '? God
handed the Ten Comraandme.its to
Moses on Mount Sinai."
O'Leary spoke with vigor and was
greeted uproariously by the audience
of more than 1,000, who gathered to
protest the treatment that Ireland
had received from the peace confer?
ence and to demand the freedom of
Ireland as an independent republic.
Rap at. England Cheered
O'Leary continued with an exposi?
tion of the principles of the Declara
?ion of Independence, and added: "If
you believe in the principles of the
Declaration of Independence you are
an American, if you don't you are an ?
Englishman." This was greeted with j
a tumult of cheers, and when silence
was regained O'Leary shouted: "That's
the reason I'm called an anti-British
agitator."
"That's the reason," he continued,
"they framed me up and threw me into
the Tombs until the war was over.
They were afraid to have a man at lib?
erty who believed in liberty." This was
followed by another exposition of
American history, with England play?
ing the role of "villian" and a final
peroration demanding liberty for lre
lahd.
Pat Quintan, Irish radical, who spent
?: year in jail at Paterson because of
his activities in strikes there, de?
nounced the peace treaty and said all
the talk of the late war being a war
ef liberation and democracy was "a
sham and a fraud and a lie." He urged
that. Irish workers no longer should
submit to "bondage" by Great Britain.
He went, on to call the peace treaty
"a covenant of devils and all that is
necessary Is to register it in hell."
Wilson Called a Viceroy
"When Wbodrow Wilson conies
back," continued Quinlan, "he returns
as the viceroy of Great Britain, and
the White House becomes a royal
house as is the Dublin House in Ire?
land." Quinlan then went on to cite
George Russell, an Irish writer, as
saying that Wilson had lost his chance
to be of service to the world, and
instead of being the most popular
country in the world the United States
has become the most cursed.
On the conclusion of Quinlan's
speech,^ Alfred W. McCann, of "The
New York Globe," arose and said
"Let's give three cheers for the Russian
people and for the free peoples all
over the world, and three cheers for an
unadulterated Irish applause." The
cheers were given with great en?
thusiasm.
Norman Thomas, pacifist, and Peter :
Golden, president, of tho Irish Pro- I
gressive League, also spoke, and Joseph ,
Cannon, of the Western Federation of j
Miners, presided. '
Youth, 17, Gets Life for Murder
NEWARK. N. J., May 8.?Benjamin
J. Dumback. seventeen years old, !
was sentenced to life imprisonment to- j
day by Judge Harry V. Osborno for |
the murder of John W. Niemetz, with ?
whom Dumback quarrelled over the ;
division of loot from a store they bad
robbed.
After his arrest the boy made a fa?
confession. Examination into his ?
tality proved that he wat sub-norm?
but that he could distinguish bet-?
right and wrong. Judge OsbornT^
ntencing him expressed regret ?i.W
no institution ??JJ9?
the state had
r.aia, "au "? 'nsutution esne..i,n
designed lor youthful offender? ^
Dumback s type. 5 ?*
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IIIBIllllI
Cfhe United States Railroad Administration
^ Removes all Restrictions
?jNE year ago, under the pressure of war necessities, the public was
requested to refrain from all unnecessary travel, and under the stress
of war conditions, the public was necessarily subjected to a great deal of
inconvenience when it did have to travel.
Now the war necessity is passed and it is the settled policy of the Rail?
road Administration to do everything reasonably within its power to
facilitate passenger travel and to make it more attractive.
In furtherance of this policy, the Railroad Administration is entering
upon a moderate program of advertising, to remind the people of the.
extraordinary opportunities for sight-seeing and for pleasure-seeking
which our country affords?the National Parks, the seashores, the lakes,
the mountains, the woods, and the many places of historic interest.
The vacation season is approaching, and the time is at hand to plan
for a change of scene, for rest and recreation. It will be the effort of the
Railroad Administration to aid in such planning and to make, your
travel arrangements convenient and satisfying.
The staff of the United States Railroad Administration will be
glad to furnish illustrated booklets and provide necessary informa?
tion as to fares, train service, etc. Such information may be obtained
from the local Ticket Agent or Consolidated Ticket Offices, 64
Broadway, 57 Chambers Street, 31 West 32nd Street, 114 West 42nd
Street, New York, and 336 Fulton Street, Brooklyn, or by address?
ing the Official Travel Information Bureau at 143 Liberty Street,
New York; or 646 Transportation Building, Chicago; or 602 Healy
Building, Atlanta, Georgia.
Every official and employee of the United States Railroad Adminis?
tration is a public servant. Call on them freely.
^X^iL>JV^^^
Director General of Railroads
Washington, D. C.
nmiiniii?iTi?f
'EVER before have
American people had such
an INVESTMENT OPPOR?
TUNITY as Victory Notes.
ABSOLUTE SAFETY OF
PRINCIPAL?every penny paid
back in four years.
Interest?4^4%, the equivalent
of over 5% considering tax
exemption.
Victory Notes are a good in?
vestment for banks and wealth.
They are a good investment for
YOU. But banks and wealth
are given no big amounts until
your subscription up to $10,000
is satisfied. So subscribe before
the books close on May 10th.
As investment specialists we
recommend Victory Notes for
present savings and as a founda?
tion on which to build future
savings. Your purchase will at
once serve your country, protect
your dependents and benefit
yourself. At the same time you
will be insuring your present
government investments, and
in addition you will protect
future prosperity from the
blight of excessive taxation.
Good sense and patriotic pride
demand Victory Notes for every
bank account.
Members of the New York
Stock Exchange and their clients
subscribed for 900 million of
the previous War Loans. We,
therefore, can in good faith
recommend the purchase of
Victory Notes as the best Gov?
ernment offering.
Opportunity passes on next
Saturday.
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GOVERNMENT LOAN ORGANIZATION
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