The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1917-10-10
Will Lend T h e m
Money, Holding Secu-
rites AS Collateral
WORKMEN ARE
BUYING HEAVILY
Canvass of Factories
Is Proving Very
Satisfactory

SODScTlptiOnS 10 NA' SVNNAN 49,
crty loan passed the s5.000,0o mark
"wednesday noon, when Abner +.
Iarned. sales chairman. announced
that sales reported by teams and
banks. since Tuesdays meeting to-
tailed 1896, 200. The grand total
TO date is s5.142.0Oo.
One team alone. No. 16, OF Divi-
sion y. captaiued by Frank ID. Nicol,
reported $40 200 in nine subscrip-
tions AT the MONDAY meeting The
announcement set the Board or
Commerce auditorium In an uproar.
Instantly every salesman was on his
feet yelling for Nieoi and the team.
Mr. Nlcol and his associates were
invited TO the platform 70 repeat the
announcement. when the cheering
broke forth anew.
Yeilmaster Ted Reed, always
ready for an emergency, sprung a
special yell In honor OF the banner
team OF the campaign up 70 this
time, and IL was given with hearty
good will.
Capt. Nicol explained that OF the
$4,000. the Union Trust company
had subscribed S500000 and the Ma
tional Bank Of Commerce S2bo.0VO
each on ts own account. the bonds
not 10 be resold 20 customers This
brought more cheers. n was the
hrst real pep" meeting OF the
drive.
Emory W. Clark. president Of the
First and Old Detroit National bank.
announced the plan evolved by the
bankers TO finance the Liberty loan
subscriptions for the large corpora
tions and was given an enthusiastic
reception. Julius II Haass. presi-
dent OF the Wayne County e. Home
Savings bank, also spoke briefly on
the plan.
The Underwriters association re-
ported 367 subscriptions totaling
s92.50O. or this amount S14 050 rep
resented the subscriptions of the De
troit Seamless Steel Tubes com
pany, OF which Allan a. Temple
ton. president OF the Board OF Com
merce. rs head. Team Captain
Thatcher ". Root announced that
inasmuch as the capital stock OF
tho concern is only 100000, the
company's individual subscription
OF s25, 900 Is far In excess or the
2 1-2 per cent set as the amount
corporations are expected 10 sub
scribe The 175 employees gave
f19,050, the secretary-treasurer.
Raymond II. Phillips. $1,000. and
Mr. Templeton himself matched
the Arms $4,000 subscription lie
also closed down the plant for the
canvass.
There were loud cries OF Temple
ton, Templeton." and when the
tumult had subsidized Mr. Temple.
ton modestly stated that his iirm
had done merely what II considered
It's duty and what every other plant
in Detroit ought to do
Gaylord ellis team reported that
the Burroughs Adding Machine com
pany had duplicated the S250,00O
subscribed by their employees.
which. with the $4,000 subscription
of Joseph Boyer. president. and a
subscription of 5000 from one OF
the office men, made total OF S25o.
POO from this concern 10 date.
The Detroit Rotary club thu
Jen Webb. reported $50 subscrip.
tions totalllng slSl.S00. This in
cludcd 500 subscribed by the ush-
crs of the Temple theator. M.
webb read letter from lee a
Cady. Wholesale grocers. to the 81.
feet that they would subscribe 10
their limit
The real estate team spoke IN
praise of the ]. C. Widman com
rany. Mr.. and Mrs. widman ana
| their FIVE sons were all on hand 90
help In the canvass Of the factory.