Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-10-28

| the fiscal agents of the government
in placing the first Liberty Loan, and
500 employees were added to the STAFF
for office work 1t was also neces-
sarp to organize large force of sales
men, and when the campaign for the
second Liberty Loan was opened last
Monday $4,000 men and women were
ready for the canvass of the Second
Reserve District, which reached into
every town, city, trade. activity, and
even individual in the district.
Many of these workers, especially
the Office assistants, had to be special
| II trained. For weeks before the
starting gun for the second loan was
| fired squads of bookkeepers, clerks,
accountants, and other specialists
were drilled at the bank. Specimen
transactions were practiced by them
until they developed speed and accu-
racy in their work The bookkeeping
necessary for receiving, recording ana
tabulating subscriptions to the loans
is extensive During the last few
days before the subscriptions for the
first Liberty Loan closed, the Federal
Reserve Bank handled thousands OF
kilograms, letters, telephone calls, and
visitors. The volume of business that
the business encountered in foating
the second loan will greatly exceed
that of the first
The bank is the centre of the sell
ing organization, but works through
committe, composed largely of the
bankers. which has subdivided the Re-
serve District and organized a COM
mittee in each subdivision. The main
committee has also formed publicity
organizations which have particular
charge OF news. advertising, public
speaking. and in general of educating
the public to save money and buy
Liberty Bonds.
me Hl@eA!nel! ~ se4IIhS lHS 70'
ernment's bonds, keeping proper re-
cords Of their issue and making de-
Hyerles Is not, however. the most i'm
portant part Of the banks work OF
much greater importance is the prob (
lem of floating 2 Liberty Loan with
out disturbance 10 the uonsy market
The bank mast keep The anzacia.
boat stzzay. Before t14 IMAM is an
nou-css BANKS an 5rsr TIA a941-rF
receive 5s1oziss. -s5as-lzg c1s.aEs
from : e1-gzr,al5Ts1T small rs'ss--Ta.
z4 ss -asr ouz e1szass Wiz ta=
rest OF 1n41r czsta-zrs -a-sE W1@-
the zov=rz-azr Announces LE3as1y
Iran rh= bankers q t1a eozzlrF a.
9-ee realize thar gzalr Customers wlll
~zut money lu more tzaz uE1al
amounts IN order TO pay for Lo15s
zach banz. therefore. mus. increase
{ it's supply Of czsE. There derelops
( WIDESPREAD demand for money. an6
under conditions that existed be-
+ fore the creation Of the Federal Re
serve Banks. the available supply
might have been greatly insufficient.
4 A panic might have been brough,
5Bolt.
Bur Is c9nauions are. all Of the ma
/. tional banks keep supplies Of money
I in the Federal Reserve Banks upon
I which they can draw. and in addition.
I srv iauk in the system may borrow
l frcu Reserve Bank. In oder to
meet The demands of the state and ma
tional banks the Reserve Banks keep
in their vaults money equal 10 about
/ 80 per cent OF their deUosits and 9TH
or liabilities The result is thai. when
depositors cali upon their banks for
none, with which to buy hocds. The
hank oils unon tho Reserve Baut5
for money with which TO nav their de-