New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-09
Borrow to Your Limit to
Subscribe" Is Advice of
Local Supervisor
Solicitors Hope to
Reach Every One

Canvassers, Covering City,
Will Explain Partial
Payments Plan
Liberty Loan subscriptions for the
New York distric; so far approximate
1850. 600 600 according to statement
made Yesterday by Nelson n. Jay, vice
,-,.ident Of the Guaranty Trust Com
,,nv ard a member of the local COM
n,ttee supervising the work of dis
.riburne the governments new war
bonds.
The figure given out ny Mr.. Jay
makes allowance for large number Of
sran applications ior Liberty bonds
which sre known TO have been made
ss, not yet reported to the Federal Re
.rv. Bank or Liberty Loan head
quarters.
l0IAi SAFES ffFt FNiNsobNsVNN
According 10 sho daily report com
rled by Guy Emerson. director of pub
lcitv. the total Of subscriptions for the
district NJ 10 p. m. yesterday was
only S2i6.350,0OO. or about s7.OOO.O 900 in
excess Of the total reported last Sstur-
day
The schedule for this district calls
ior daily average Of s62,5OO.0
Among the larger subscriptions ar
rosrced yesterday were the following:
s,,osiyn savings Bank ...........s 600. 900
| Bans o. the Manhattan Company,
| ior themselves ................ l,OOV,oOO
| United states Ru5ber Company.
| through Kuhn. Loeb & Co...... 100000
| Adopt LeVisohn sons ......... 100000
| Tiesry Co.................. 1000
| Continental Rubber Company 49,. 100000
| ; Hutton & Co.............. 100000
/ JesUp & Lamont ............. 100000
| Jorss { Baker. .................. 100000
| United states and Australasia
| steamship Company ...-....... $4,000
Our motto must be work." said
Nr Jay we must speed up our eff
forts from now on. The subscription
MARI for the Federal Reserve district
| vas placed az a minimum Of $780,
100000 10 be raised within a period Of
four weeks.
MI Must Help, lie Says
We ind that the subscriptions ag-
gregatc but approximately S250,OOO,OOO
| The pressing necessity for immediate
| and energetic action on the part Of the
| entire business community IS clearly
| shown by these figures. The time is
| row here when every man Of large or
small means must ask himself whether
| he IS doing his part.
Those who have money and credit
| must use not only their current funds,
| but borrow for future payment TO the
| limit OF their capacity TO subscribe.
| For others. partial payment plans are
| available and may be employed by
every money Garner and money saver.
The opportunity 20 subscribe for
liberty bonds is within the reach OF
| every one. Several thousand canvass
| ers are now covering the city. They
will give information IN regard 10
| plans for payment to any who ask
| them. viii receive applications and dl-
| rect me subscriber 10 the nearest bank
for the completion OF the transaction.
az is not desirable that funds be
| withdrawn froE: savings banks Tor the
| purpose Of subscriptions, nor that Sc
eun.ics should be sold 10 raise the
money for Liberty bonds.
The necessity OF financing the pres
emf government. loan out OF current
funds aad future savings cannot De
emphasized TOO strongly.
May Entail Sacrifices
This means some sacrifice. but sac
| ufce cannot be avoided if the war is
| 70 be- successfully prosecuted, and every
| instinct Of self-preservation, as well az
patriotism. demands that no EFFORT
which makes for the speedy and sue
cessful prosecution of the war be ne
elected
The lob AT hand is the successful
Ao,atiou Of the second Liberty Loan.
| Everyone has d part 10 play IN IL,
and no one can shirk the responsl-
billty without doing INJURY 10 hlmse!l
l ana al thht means MS IiAe 40 " N'''
/ zen and business man OF wage Garner.
This is not the time 10 give con
Ndtration 10 differences Of opinion IN
regard 20 governmental policies. What
ever our thoughts about these matters.
our individual and national duty -
clearly the successful fotation Of the
present loan. and every other thought
or need must be held IN allegiance until
Il that Is acOmplS shed"
Stock Exchange to Help
So far as individual subscribers are
/ concerned the Wall Street district has
/ made a rather poor response as com
| pared with its showing on the nrst Llo.
| erty Loan. and, as result, action wa
taken yesterday to bring every nrh
every partner and every ndiViouAl
connected with the New YORK Stoch
Exchange into the present campaign III
an active and enthusiastic way.
Ar executive committee, OF when
William II. Remick is chairman, Will
hold frequent meetings with the STOCK
Exchange men and advise them how TO
simulate interest IN the new offering
Of bonds.
The fact that the stock market IS
subject 20 frequent sinking spells, de-
spite efforts made by the banking in
'erests 20 keep prices bolstered up, is
gwen By brokers as one of the prln-
opal reasons why good many traders
and investors have not shown much en-
'husiasm in subscribing for the new
bonds.
To Issue $50 Registered Bonds