Evening journal., 1917-05-23
BANKERS make BOND
PURCHASE PLAN easy
CONTINUED from Page one)


| the request of the local bankers, and
outlined the methods which have been
approved by the Federal Reserve
Bank of this district, for disposing OF
the loan. The working classes are
! the people who will subscribe this
issue, It is felt, and thus benefit both
the government and themselves The
importance of this Loan cannot be
over-estimated. Mr. Pequignot said
Deaware's allotment is $4,00O,000.
Mr.. Pequignot told of the subdivisions
Of the general committee in charge OF
the Philadelphia district, which were
seven subcommittee, as follows: Banks
I and trust companies, savings banks, in
surance companies, publishing companies
and newspapers, industrials (which is
tho most important of ALL railroad and
public utilities; retail merchants; de-
partmont stores and chain stores; relig-
ious, charitable, fratornal and educa-
tional societies. municipal employees and
investment dealers and private investors
Each committee comprises five men, one
of whom is member Of the general
committee, and the duty of each is to
work among the employees of the or
CARNATIONS outlines in the lines iudi-
Gated by the names of the committees.
Preachers had given material assist
ance, and could do more, the speaker
said. in calling attention of their congre-
cations to the Liberty Loan and Just
w at it meant to government and PEG
pie. Circulars have been sent to all
rural banks for distribution. Whining
ton is being circularized today. An
Office has been offered to the local bank
ing people in the building for the trans
action OF business in connection with the
handling of subscriptions, which. open at
night, will be for the benefit of people
who are employed during the days.
Partial Payment Plan.
The meeting decided TO adopt the par
tial payment plan, as approved by the
Federal Reserve Bank for this city. BY
this method one win be able to Join n
club under direction of his favorite
bank. or through his employers, and bv
payments of 81 week for each $50 of
bonds, he able in a year to have paid
for his bond without seriously feeling
the payments. and have q good paving
investment aud the habit of saving. at
once. The bankers expressed the belief
that the majority of these bonds would
be sold TO people who could afford but
one or two $50 or 500 bonds. and earn
estlv hoped that every person in vii.
mington would purchase at least one
bond on the weekly installment plan.
This will mean an immense amount Of
additional work for the banks. but the
representatives indicated that they
gladly would give any assistance in their
power in the work IL also will mean
that the banks or large industrial ostab-
lishnents will have u take the bonds
and hold them in trust for their pur-
chasers until they have paid their week
ly dollars for fifty weeks.
"Our feeling is that the savings
funds of the people will not be de-
pleted by the purchase OF these
bonds" said Mr. Pequignot, "but that
they will be paid for through savings
and thrift from week to week. with
out the necessity OF people withdraw
ing their savings from the banks, and
that they will be able 10 take care Of
it without trouble Arrangements Will
have to be made regarding the time
when the payment OF interest TO the
! buyers on the installment plan will
! begin The Philadelphia banks Will
imr ely commence the payment
OF j, st on these payments, OF 3iz
per cent.
instructions should be made plain
regarding the partial payment plan,
and that when these payments have
been commenced the purchaser must
complete shem until the bond is paid
| for. otherwise he will forfeit what
! payments have been made. This APP
plies to the payment of the 81 weekly
per $50 in bonds. A payment OF that
amount will buy a bond in fifty
/ weeks, and then when one once owns
bond, it will surely bring the de-
sire and determination to continue the
saving habit, and purchase another.
This is not only patriotic duty OF
everyone, but is really good bust
ness proposition.
1.-THE Philadelphia general commit
tee will loan the Wilmington Commit
tee any number of trained bond sales
men to assist both the people and the
government"
Massmeeiing Tonight.
Practically every branch OF work
Of the bond and stock brokerage
houses in this city has been dropped
until the Liberty Loan has been sub
scribed, it was learned today. and
their entire effort directed toward this
end.
A public mass meeting will be held
in The Playhouse this evening for
the purpose of considering the Lib
erty Loan, and of giving full and COM
plete information to all regarding it,
its necessity, effect. and wherein lies
the benefit to the individual subscrib-
er. This meeting will be free and
open to- all, and it is urged that
everyone who possibly can do so,
attend it, There will be no requests
for subscriptions, but the reasons for
the loan will be thoroughly explained.
There will be several interesting
addresses. among the speakers being
Col. Benjamin Nields who will open
the meeting; Robert II. Richards, L.
Irving Handy. and Joseph Wayne, Jr.,
president Of the Girard National Bank,
Philadelphia. Thomas Il. Bayard will
preside.
! Delawareans are supposed TO buy
S4,0O0000 worth OF the liberty loan
bonds, according to the allotment by
/ Gfofoe F,rr, NIaobsu