New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-30
Nanderlip Announces Big
Purchase by Unnamed
Institution
Says Victory Hangs
On Success Of Sale
Tells Insurance Men i. S.
Doesn't Yet Realize
What War Means

a single subscription TO the Liberty
Loan Of S75.OOO.O0O was received yes
terday afternoon. Frank A. Vanderlip,
president Of the National City Bank
and chairman of the Liberty Loan Pub
lefty Committee. announced last night
at a mass meeting of life insurance
agents at the Century Theatre. Two
other subscriptions, each of 10000
O0C, we're taken by New York and Bos-
ton trust companies.
The subscription announced by Mr..
Vanderlip. the largest single pur-
chase of Liberty Loan bonds yet
recorded, was made by one Of the
country's great banks. but Mr.. Wander
lip refused to specify which one. He
was asked by reporters if the sub
scription came from the National City
Bank, of which he Is president.
"NO. We hope to do much better than
that" Mr.. Vanderlip replied. "But
small investors must not let the banks
do IT all. They have other things to
attend to for the government. For one
thing, they must take 100000 900
worth OF short-term Treasury notes,
and they must also be ready to lend
money to other purchasers Of Liberty
Loan bonds.
within the next year the govern
ment will raise S7,000.000, 000-and the
cash in all the bank vaults in the
country amounts to only s2,000.0 900, 900
and that Of the savings banks TO So
600 GOO, 600. So. you see. this loan is a
big job in which everybody must help"
A lesson in the fine points Of selling
Liberty Loan Bonds TO small investors
was gwen to the life insurance agents
al the Century Theatre meeting by
Mr.. Nanderlip. The insurance agents
viii devote their entire time on June
: and 6 TO selling the bonds.
The success of the Liberty Loan is
absolutely essential to victory for the
Allies, Mr.. Nanderlip declared. Even
its partial failure would fill England,
France and Russia with despair and
hearten their enemy. To assure vic
tory, it must be doubly subscribed, but
he said he could foresee no early end
to the struggle.
Nation Not Yet Awake
This country doesn't yet fully re
alize what serious war ii is in" said
Mr.. Vanderlip, "but it may be brought
home 10 US sooner than we expect
There is no power outside of Germany
that can beat her. Her own people in
side her boundaries may beat her. but
! am authoritatively informed there is
less probability of revolution in Ger.
many than in any other country of Eu
rope.
81 don't believe Russia will make a
separate peace. But Just imagine what
will happen if she should II would re-
rease 100000 German and Austrian
prisoners IN Russia for active service,
TO say nothing Of the German forces on
the Eastern front. which could be
shifted to the Western lines. 1t would
also give starving Germany access to
Russia's great food supplies. 1t would
mean that The war would quickly be
brought to our very shores
81 believe we will soon solve the sub
marine problem but consider what it
will mean if we do not There would
be a very hungry England. Her next
harvest will not feed her longer than
ninety days. and it is up to US to supply
her and France with the food they will
need from January till the next har-
vest The worlds greatest need is for
ships. And suppose II is not met. No
nation can fight on an empty stomach.
What We Might Face
Thus a separate peace with Russia
and the submarine menace are two
things that might bring US into the war