Evening star., 1917-05-23
BANKERS PUSH SALE.
OF LIBERTY BONDS.
Plans Made for Meeting the
Districts Allotment of =
$8,500,00 ..iR
MANY AGENCIES ENLISTED

Washington bankers have determined
that every person in Washington shall
have a. thorough knowledge of the
liberty bond issue of 1917: that they
shall understand the need of united ef.-
fort and of each one doing something
to make the loan a complete success.
and that the banks will leave nothing
undone that might in any way aid in
accomplishing that purpose.
The share of the District of Columbia
in the liberty loan. as apportioned
among the states and cities of the ma
tion. is ss,50O.oo0. This is more than is
expected Of each of ten states of the
Union. Maryland is expected to provide
s2s,o00.000 and Virginia $1s,500,000. =
While many of the local banks have
put in force a plan for the sale of the
bonds on the installment plan. the com-
rnittee having the matter in charge has
determined that every fiscal institution
should accept these subscriptions.
Association to Consider Plan.
In aid of this important feature Of
the movement the District Bankers As
sociation has been called to meet to-
night at the New Willard Hotel to
agree upon uniform plan of INSTALL
ment subscriptions, IL possible, or, fail.
ing in this. to have each financial in
stitution adopt plan of its own so
that all will be working for the desired
end.
At meeting of the bond committee
held Yesterday afternoon it was decided
to hold special meeting in the interest
OF the sale OF the bonds tomorrow after-
noon at 8: 80 O'clock, to which the presi-
dents Of the Retail Merchants Associa-
tfon, the Chamber of Commerce. the Board
of Trade and the Rotary Club should be
invited. in furtherance of a plan to enlist
the support of these organizations
1t was also decided to erect booths for
the sale of bonds in all the prominent dry
goods and department stores, with Ma
tional City Company bond statesmen CIV.
subscriptions through these mediums.
Clergy Asked to Aid.
All ciergymen in the city will be asked
to make proper Eeforence to the necessity
for subscribing te( the liberty loan from
their .IsaL psulpits ,.1n next sunday: ,..s = ,ss..
patrons of Keith's. BeIasco. Polfs and
New National theafers and the larger of
, the moving picture houses.
competent speakers who VIII bring home
the exact facts and needs Of the matter
in hand to these audiences. The commit
as farhsr scs.d q ostsn
the secretary Of each department permis-
| sion and the allotment OF proper time for
addressing the army Of government en-
ployes. putting before them the need OF
their subscriptions in making the bond
sale a success.
Medical and law schools win have the
merits of the liberty bonds placed before
them in like manner.
Al the sa me fir,oe the tery,,u NJ nayy,apt.
dates. etc. and all the various. attractive
features OF the issue as an investment for
savings, as collateral for loans. practically
carrying themselves. will be set forth.
The committee. having decided on these
activities. added all public utility EN-.
ployes and all letter carriers to the en-.
titles that must be brought into line and
then adjourned until this afternoon.
Personnel of Committee.
and that has barely begun its activities. is
composed of John Poole. president Of the
Bankers Association. chairman: Eugene
E. Thompson. representing private banks,
bond houses: B. F. Saul. representing
savings banks. and Corcoran Thom, rep.
resenting trust companies.
The action of the federal reserve
board in aiding member and non-mem-
ber banks in the flotation of the loan
was announced in a letter written by.
Paul NJ. Warburg. vice governor. to all
reserve banks. {
"The board has been advised" Mr..
Warburg wrote, that many corpora
tions. including savings banks. have
agreed to subscribe substantial amounts
to the liberty loan. carrying the bonds
for their employees subject to payment.
in small installments. ~.
Special Rate Suggested.
be helpful to the banks in placing the
liberty loan. and particularly in as.
sisting corporations which make sub
scriptions of this character, il federal
reserve banks were authorized to estab-
lish a special liberty loan rate of az
per cent for notes, drafts and bills Of
exchange drawn by customers of the
banks. including savings banks. having
a maturity not in excess of ninety days
and secured by liberty loan bonds or
United States Treasury certificates of
Indebtedness. 49,
The board has given this matter it's
careful consideration and has deter
mined that it will grant such rate to
any federal reserve banks requesting
it. good until countermanded or modi.
fed"
Col. Roosevelt Subscriber.
Former President Theodore Roose-
welt is self-announced as one of the
subscribers to the liberty loan. 4
The Pennsylvania Railroad Company
has arranged with the Mutual Beneficial
Association of it's employees for easy
terms of payment so that every one OF
its 10000 employees may subscribe to
the liberty loan
Small Stores in New York
Help to Sell the Bonds
NEW YORK. May 23.-Participation
of retail stores in the campaign for
subscriptions to the liberty loan today
spread to cigar stores speciality shops