Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-05-22
city to Buy Full
Share of Bonds

annually each year from tHe date OF the
issuance Of the bond until 1t Is fully and
finally paid"
Tomorrow morning the statesmen will meet
at the Bellevue-Stratford and map out n
campaign that will put real life and vigor
into the movement George w kendrick,
chairman Of the distribution committee, win
address the statesmen and tell them how
to reach the average chap II Is reach-
ing the average chap" that is causing the
committee its only trouble.
we want the man with few dollars
to get I'm on this Liberty Loan" said Ken
drlck today THE man with 81 in his
pocket and 81 a week until a $50 or 500
bond is paid for is the fellow we are after.
As matter OF patriotism every one in the
city ought to subscribe and probably WILL
At the Strawbridge & Clothier store
nearly 900 persons have subscribed to the
loan at the Liberty Loan booth
Just as a bit Of sentiment the committee
has obtained buttons for the purchasers Of
Liberty Bonds The button has red CEN
ter with the Statue of Liberty In blue. on
the blue border Of this button is the in.
scription, Get Behind the Government"
ELKs JOIN MOVEMENT
The Elks, who never fail to get behind
patriotic movement have joined in the
Liberty Loan campaign and at tonights
meeting will appoint committee to CO.
operate with the campaign committee. Gil
bert Walter Exalted Ruler Philadelphia
Lodge, No. . will address the Elks and
outline how the organization can aid the
Government by buying bonds.
Reports from surrounding cities indicate
that the enthusiasm is keen outside the
city George X. Reilly. who returned from
Scranton and Wikes-Barre today, reports
that both cities are organized for bond
campaigns.
Philadelphia school teachers decided that
Liberty Bonds are the safest investments
In the world and organized today for a
buying campaign Superintendent CARRIER
announced that committee consisting Of
William Dick, Doctor Wheeler and Doctor
White and himself has been formed to pro-
mote the sale and work in conjunction with
the Liberty Bond Committee Henry r.
Edmunds president Of the Board Of Edu-
cation, heads the teachers subscription
list Mrs. Edmunds also purchased sub
stantal block Of the bonds.
Your patriotic duty - buy a Liberty
Bond" is the advice o. the Judges and
Federal court attaches in this city on
all letters sent from the Federal courts
stenographers call attention to the Liberty
Bonds.
Warning is given by the committee that
persons subscribing for Liberty Bonds must
not make payments of money to solicitors.
The bond statesmen will take your subscrip-
employer. but in no instance will they ac-
cept money,
UNCLE SAM BACKS IT
What is the security for a Liberty
BOnd?"
The faith and honor of the United States,
backed by all Of the resources of the ma
ton and the American people II is mort
gage on all resources and taxing powers OF
the Government and all the resources of
the American people"
II you are not reached by a bond sales
man you can purchase a Liberty bond
through any bank. express office or your
employer.
Many Of the department stores and news
papers are also acting as agents. The com
mittee suggests that persons wishing to
purchase Liberty bonds on the instalment
plan should make application to their en-
pOyers or nearest bank
That the withdrawal of 1000, 900, 900 from
banks and savings institutions all over the
country by patriotic citizens to pay for
their subscriptions to the Liberty Bonds
is net likely to have a detrimental effect
on general business is the opinion of many
prominent bankers in this city.
BANKS WON'T SUFFER
When the question was put to Charles
]. Rhoads, governor of the Philadelphia
Federal Reserve Bank today, he said:
"UnqueRtlOnably there is bound to be
money stringency. In spots later on, but
1t will be of very short duration. This
money from the sale of the bonds is going
to come in very quickly. II will be spent
very quickly, and will soon find its way
back through a hundred and one different
routes. Every cent of II is going to be
spent here in the United States, so It can't
get away from us; it must come right back
to its original sources That is a process
which takes a little time, and some people
may get impatient. but the process will
go on just the same. in some instances very
rapidly and in others slower"
How would you explain to the man on
the street just how that process works?'
Mr.. RhOads was asked
"Supposing" he replied. "a wealthy man
here in Philadelphia should buy 81 900. 900
of Liberty Bonds. lie. would draw that
amount from his bank. That money would
go to pay for material ordered by the
Government either for ourselves or our
allies. Some of it would go TO Indianapolis,
some 10 Pittsburgh, some TO st. Louis. etc
Ihere IT would be paid out in wages or
Tor raw material or partly finished ma
teriaL Perhaps some of these materials
were purchased here in Philadelphia and
some of that money will come back to nav
ior them, Perhaps sorc Of the money
paid in wages viii pay fer sugar made
mere IN Philadelphia or for dress goods
made mere or for carpets or window cur
tains made here Working men who are
making good money by manufacturing the
ammunition and supplies which the money
which has been paid for these bonds will
purchase can afford more of the necessaries
made in Philadelphia, so we get our money
mack again not onl\i in that way but also
in many other ways"
But Mr. Rhoads was asked. twill the
withdrawal of large amount of cash
from one hank, like the 81 900, ,OOC referred
TO- not have some effect on the bank s
resources?"
That" said Mr.. Rhoads. sis what we