William G. McAdoo to Benjamin Strong Jr.




William G. McAdoo writes Benjamin Strong Jr. regarding the Liberty Loan campaign.


Benjamin Strong Jr. Papers, New York Federal Reserve Bank




Dear Governor:
I have had such a tough time with a bad case of laryngitis that I have not been permitted even to dictate letters, and the few efforts I have made to do business against the advice of the doctors have only set me back. I have come here to try to rest for a few days and get myself in shape for the strenuous times ahead. This is the only reason why I have not acknowledged sooner your kind letter.I deeply appreciate your cordial congratulations and want you to know how much I admire the splendid work you and your associates have done in New York. The whole country came forward on the Third Liberty Loan with the most heartening and inspiring patriotism. I hope that we shall have an even greater response on the next.
I am sorry we have to have increased taxes, but I am even more sorry that we have to send thousands of our splendid sons to their death in Europe. All of these things constitute the price we must pay for liberty. I believe, from what I have seen of the American people, that they are willing to pay taxes to the limit that may be necessary to win this war. There will be grumbling in some quarters, but it will be a wee small voice as compared with the general and resolute and unselfish purpose of the people. The great thing to do is to secure a well-balanced and just measure. I shall do everything in my power to bring this about.
I earnestly hope that you have taken care of your own health. The Nation needs all of the brains and courage and strength it has, and I do not want you to impair the situation by injuring yourself.
With very kind regards, I am

Cordially yours,

Original Format





McAdoo, W. G. (William Gibbs), 1863-1941, “William G. McAdoo to Benjamin Strong Jr.,” 1918 May 29, WWP18592, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.