Arizona republican., 1917-05-22
CAMP PAGN FOR
 RED GROSS |S
 SET F0R JUNE
President Sets Date for Big Drive; Appeal Made for Aid in Handling Liberty Loan Subscriptions

President Wilson has altered the date for the national financial cam naign of the National Red Cross to the week of June 1925. This infor- nation came to Phoenix Chapter Of the Fed Crcss in telegram received yesterday. It is planned to make this the great drive for as great as has been the work already done by the Red Cross it is but a starter to what must be done to care for the needs of such m army as the United States proposes to have in the field in the shortest possible time.
 Lyman l.. Pierce. so says the tele gram. western secretary Of the na- tional war council is now on his way west to hold the necessary con- ferences with western representatives of the war council and suggest plans for chapters west of the Mississippi river. John l.. Clymer. director or the Pacific division of the Red Cross. wires that he suggests that Phoenix Chapter will clear the deck for CO., operation with these plans. the de- tails of which will be forwarded soon. The Liberty Loan.
 One uf the very partical ways ways in which the government may 1e aided in addition To the, aid given the Red Cross, is by subscription to the Liberty Loan. All of the Phoenix banks are cooperating in this work and the local bankers yesterday received the following communication from the comptroller of the cur rency:
 There are in the United States at present more than 10 100000 individ- aals and corporations who are able to make subscriptions to :he new liberty loan in amounts ranging from s100 to Slh0 900 each
 This estimate is conservative wher we consider that there are more than 10000 0Ots persons engaged in gain ful occupations in this country be- sides the l2rge number of men and women whose income is derived from | their investments. If every individual in the United States should subscribe to the new bonds to the extent os only 5 per cent cs his or her tota: possessions, the loan will be sub scrihed 10 six times over
 | A few months ago the German gov errment offered new loan of several I billion dollars, and although this is- | sue had been preceded by four or five | other government bond offerings, it is reported that applications were re- ceived from 5,250.000 subscribers. The | population of Germany IS less than two thirds of the population of this | country, and the estimated total
 wealth of the German empire. accord : | ing to a computation made shortly 1 before the outbreak of the war by Dr. Helfferich, secretary of the German
 treasury, was placed at from s69,O00, l 100000 to $76,000, ,000, ,000. or about third of the wealti: O. the United l States, which is now estimated at | more than S22C coo GOO GOO
 The reports of our national banks 1 of March ], 1917. show that on the
 day named these banks had a total
 of 15,737.969 deposit accounts. This | is an increase of 1,449,910 since May 1 l. 191c. when the total number of de
 posit accounts was 14.2SS.059.
 It is significant that 1.25S.691. or i seven -eights of this increase, was re-
 porter by the country banks. indicat-
 ing the wider diffusion of the wealth l of the country. The total increase of
 deposits in the national banks in this
 period Of ten months was approxi-
 nRtely S2,04000000C.
 The bank reports also show that
 on March D. 1917, there were 459.61s
 shareholders in the national banks of the country. including 13S,204 wo- l men stockholders.
 The latest bank returns indicate mat the total resources Of the banks of the United States at this time l incluing national banks, state banks trnst companies savings banks and private banks, is approximately s35.-
 000.000, 900, exceeding by far tn, greatest banking resources ever be
 fore shown in any country.
 Fifty years ago we raised oVei
 s3000 100000 to provide for the ex-
 penscs of the civil war. Tke wealtl of this country today is eight times
 as great as it was then; our bank ing resources are twenty times a
 great as they were then, O. even a:
 late as 1870. At this time we are il
 q position to raise, with far less C
 fort, s10.O00, 100000 or s15,000, 900, 00'
 or more: and if this money should
 he needed it will be provided and pro
 vided promptly.