The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1917-10-11
DOUGHTAUTO WITH
LIBERTY BONDS

How the purchase of $3.50 in Liberty
Bonds enabled a bright young AmeiF
ran To become the owner OF an auto
mobile. and consequently to douoie HE
earning capacity, has just been re-
yealed to the Liberty Loan CommiIIe7
in New York by book publishing con
Germ. The Young man is salesman
for the company, working on cominlS
sion. He sells the firms books IN
suburban territory by means OIL
house-to-house canvass.
The company had given the SAFES,
man a limited territory and ne "alheu
from house TO house in the course oil
his work. He was fairly successful
hut. being married, he was always loon
ing for opportunities to increase us
income.
When the first Liberty Loan was OF
fered he communicated with DroKer
who had offered in advertisements 10
permit the public to buy the Liberty
Loan bonds on the so-cal.ed partial
payment plan. The salesman hau
saved 500, and in the fourth week OIL
May ne turned the money over 10 the
broker as the first instalmeno on SzoV
of the bonds. Then, by means OF sVs-
tematic frugality he continued to pay
$40 a week to the broker until at the
end of fifteen weeks, on September 4
last he had paid for the bonds in full
Meantime he had been making dlll'
gent search for a good chance to Duy
a used automobile, and in the end ne
found a small runabout IN good condl-
ton which he was able to purchase
for 1925. He went to the broker and
borrowed that amount OF money, leaV-
ing his Liberty bonds as collateral, or,
as the broker termed it, on margin.
The company agreed to pay the cost
Of gasoline and oil for the young sales
man when he explained lis plan. In
the first week he covered twice as
much ground as he had been able to
cover wnen working on foot. His COM
missions, which mad previously aver
aged s27 week, jumped to Sal in the
first six days that he used the auto
mobile.
Convinced that his pan was sue
cess, he took $40 of his addition earn
ings back to the broker to start repay
ing his debit balance on the Liberty
/ bonds. He expects at the end of an
other half year to again have the
bonds paid for In full. Whatever other
spare money he has is used in paying
for tires and other necessary upkeeE
on the automobile.
On learning of the salesman's thrift
the company placed him on guaran
tee basis The sales manager of the
/ concern is trying to interest other EN-
ployes in this plan to improve theil
! own condition and at the same time
build I'D the business and extend 1t tC
new territory Instead of requiring
their employees, to buy the bonds
through brokers, however, the com
pany has agreed to carry bonds of the
| Second Liberty Loan on the instalmen
basis for them. and expects to emp,o!
an expert to examine the automobiles
before they are purchased and to trair
The statesmen to operate them,
The manager believes that his stat
will gain many benefits in the way O.
amusement from driving the cars, al
we'll as in a business way. Besides
by urging them, as matter of patri
otism, to resume payments on thu
bonds after they have purchased thu
cars, he expects to develop in then
the habit of thrift which is being advo
Gated by so many bankers of the coun
try.