Evening star., 1917-10-02
S20,0O0,0OO AIM
Of LOAN CAMPAIGN
Washington Expected to Ab-
sorb Large Block of
New Bonds.
BANKERS PLEDGE SUPPORT

Washington is counted on to absorb
sl2 900 of the second liberty loan
and is expected to return subscriptions
for $4,000 900, according to the esti-
mates of the officials of the fifth re-
pional federal reserve bank.
1t will thus be seen that a little more
push and a little more vim must be put
into the campaign to cover the excess
of sl.o0o.00O over the record made In
the first campaign. about s1s.oo0.0eo.
which was 100000 in excess of the
revised expectations" as to Washing
tons subscriptions.
AT the special meeting of the District
Bankers Association last night the
bankers pledged themselves to do all IN
their power to aid the loan and TO
finance the installment buyer. They
did not agree TO any one form. but in
the matter of interest on delayed pay
fnents 4 per cent was agreed upon, the
same as the bond itself bears.
Method for Payments.
Some bankers will use punch cards
end others coupon books to simplify the
paign. while others will accept sub
ecriptions on the club plan, so much a
week or so much a month-wfth oppor-
tunity for the would-be buyer to ne
go.iate terms almost to his own satis-
faction.
War savings certificates. bearing per
cent interest will also offer an oppor-
tunity to the small investor to make
his contribution to the cause
The bankers also set aside an appro-
nj advefs
ttsing purposes.
Because of the delay in furnishing
the specified forms on which subscrip-
tions are to be made few actual orders
were accepted by the banks today. al
though number of subscribers signi-
fed their intent to get back of the loan
for good amounts and some cash pay
ments were made on banks receipts.
Open Liberty Loan Branches.
ed in nearly all the banks, and they are
ready, or will be just as soon as the
forms are delivered. and they are ex-
pected this afternoon.
Local bond statesmen have again
agreed to lay aside their own business
that they may devote their entire time
to selling second liberty loan bonds.
New York city bankers. in order that
second liberty loan campaign. have
raised fund of S200,0oO,O00 further to
sta ''i'ize the money ma~*et and nave
urged members of the federal reserve
rediscounting with their regional bank.
Meets Publicity Committee.
This afternoon the committee having
charge of the campaign in this city
meets with the subcommittee on pub
1icity of 1e0 members in the Gridiron
room at the New Willard and will dis
ro1a nc fnr fhn n
paign. Discussion of ideas to advance
in four minute talks in furthering the
interests of the campaign in selling
bonds and other matters of vital inter-
est will be discussed.
!. The speakers campaign will open
Thursday in all pu biic places of amuse-
ment and wherever few workers are
gathered together. in the great depart
activities, before employees of depart
ments and other commercial establish
ments everywhere in the interest Of the
buy-a-bond movement.
The Treasury Department has issued
bulletin telling what the second liberty
loan bonds are and how to buy them. The
following are some Of the questions and
answers which appear in the publication:
What Is the securityp
ment bond is frequently spoken of as
best security in the world" Why is
this true?
Answer-Because the promise to pay
a government bond is backed by the
faith and honor of the United States of
America and by the taxing power of
this whole country. which is the richest
nation in the world.
Question-Has the United States
issued bonds before; and. if SO, has it
ever failed to pay all of its bonds when
they became due?
Answer-This government has issued
bonds before, and has never failed to
pay every bond when it became due
with all the interest on same. Even
after the civil war. when the country
was not nearly SO rich it is today.
all of the government bonds were paid
when they became due.
Amount of Present Loan.
ouestion-What is the amount of the
second liberty loan?
Answer-The Secretary of the Treas
ury is inviting subscriptions for 5000 :
600. 900 and reserves the right to allot
additional bonds up to one-half the
amount OF any oversubscription.
Question-How was this bond issue
created?
Answer-It was authorized by an act
of Congress and approved by the Presi-
dent of the United States.
How to Buy Bonds.
Question-IIow much do bonds Of the
second liberty loan cost?
Answer-From $50 to 100000, what
ever their face value calls for. The
law states that these bonds must be
sold at not less than par" that is,
their face value-100 cents on the dol
lar.
ouestfon-How can buy the bonds
of the second liberty loan?
any,l{