The Detroit times., 1917-09-29
.LARNED TO
AGAIN SELL
WAR BONDS
Big Drive For DCtrOit's
$780, 900, 600 Quota
Begins Oct. 10

Ralph Stone. president OF The De-
troit Trust company. has hurried
home from the convention OF the
American Bankers association IN
Atlantic City 90 prepare for Do.
trolts second big Liberty Loan
drive, which IS expected 90 begin
about oct i0. or earlier ~ possible.
Mr. Stone arrived Saturday morning
and al once buCkleA down Co work.
As treasurer OF the campaign and
member Of the executive commit
tee he will be ono of tho busiest
men n Detroit from Tho beginning
OF he drive until it ends. oct %
Detrolts quote OF The new So
000.O00,000 issue Will be- al least $50
0O0, 600. Nothing short OF 90 per
cent ovorsuhscri puOn VIII satisfy
MI. stone and his associates on the
committee In New York. on his
way home De net Abner t. IArned.
who Will again he In charge OF sales.
ana the two called on the New lorl,
Liberty Loan committees They
came away with some valuable -ue.
gestions which VIII bo utilized so
FAR as possible IN the local cam
paign.
The four great needs Of the war
Hfe men, money. materials and
munitions the four NJ rs / call them
for short" said Mr. Stone 10 The
Times. "Our big 100 from now
until Oct 81 will be 20 help raise
the money which Is just rs import
ant right now a. men in the suc-
cessful prosecutor 81 the war. for
without n We arc powerless Mate
rails and munitions are equally val
uahle. by doing things quickly vs
viii save both lives and money
While the drive ls on The mem
5ers OF the committee plan 20 d.
vote practically their entire uma
20 tht work. forgetting their own
business Interests LnaAal4-.n-a-
Will be established n 2 convenient
location and an adequate clerical
stan viii De engaged The commit
toe VIII meet Monday 20 80 over
the preliminary details
The work VIII be- more Eystema-
tized this time Instead ~ the free
lance methods that obtained In the
earlier campaign. The city will te
divided into districts. and solicitors
viii bee expected 60 confuo them
selves % tho districts al gnod them.
The executive committee Includes
John " Staley. executive secretary
Ralph stone. treasurer Abuc r.
armed. chairman ~ ths sales c0W-
mitfee, Harry rs Ford publicity
chairman. Richard W Wohber. Ia
charge Of ADMINISTRATION and WI.
liam G. ierchen. chairman OF Tic
Wayne county rural committee Tie
executive stat will include r. g.
locke. general secretary JQiias
Peter and arroll - iaw-oD. assist
ant sccretaries
IN The last drive With n quota OF
$50 .00u.o0o Tho bond subscriptions
reached s42 900 600 and ihero were
$4,000 subscribers Tho govern
mont cu the cilts allotment q
bonds to t2t000000 hu some So
100000 worth was purcha ed by pa
troitcrs outside br.nEIug tte total
for Detroit 20 about f8o. n00 Fn0
Mr. Stone emphasize fhD import
anos Of an over description ~ tie
new loan The government Do say
viii BE- prepared 20 handle 90 per
cent oversuusl ripfion and Dc wants
10 see Detroit DO its full share
The people should nor only sub
scribe FOR this loan. but they should
nlso begin now 10 save FOR future
loans" Nr Stone added II The
war r. long drawn out there are
likely 20 be several moro
Local banks will begin receiving
subscriptions FOR tho now Liberty
IOan next MONDAY Receipts Till be-
issued FOR tho initial and subsequent
payments. tho bonds 20 he de1iY
cred when payment is completed
The new ISSUE % $1,000 0o0oee viii
pav four per cent. Bankers advise
customers desiring 20 exchange the
.8i-2 per cent bands Of The FIRST ls-
sue for Tho new bond 70 wait until
after The selling campaien ends Tho
transfer viii involve fat deal n
clerical work which would seriously
Interfere with the work OF placing