New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-27
Helps Salesman Drive Loan
Message Home to
Foreigners
Subscriptions Grow
Savings Bank Plan to Sell to
Depositors on install
ment Plan

Requests for Liberty Loan buttons
arc pouring into the committees head
quarters, in the Equitable Building,
faster than the buttons are arriving.
Applications for 10000 buttons have
been received and the committee has
only 10000 of the 100000 allotted to
this district. This week and hereafter,
however. the buttons will be sent to
New York at the rate Of $4,000 day.
Banks and trust companies yesterday
reported large increase in subscrip-
tons to the Liberty Loan as result
of the weeks campaign conducted by
statesmen from the financial district
who started out in squads last Monday
to help the government raise war
funds. Many of the subscriptions re-
ported were fer amounts of $4,000 or
$4,000, while in some instances appli-
cations for larger sums were made.
+. J. Coffin, captain of Squad II, re-
lated how he was helped to drive home
the Liberty Loan message to group
of foreigners whom he was addressing
at Seventeenth Street and Fifth Ave-
nue.. They were attentive and inter-
ested, but il was apparent that many
were not sufficiently familiar with
English to understand all that was
said. Noticing this, Albert Friedman,
one of the hearers, volunteered TO
serve as Interpreter. With his aid a
number of subscriptions were signed
up.
To Sell on Instalment Plan
For the purpose of cooperating in
the fotation of the loan savings bank
officials have appointed a committee to
prepare a plan providing for the sale
of the bonds to their depositors and TO
the public at large on the lnstalment
basis. Upon approval by the State
Banking Department the plan will be
adopted by the savings bank system OF
the state.
William A. Day, president of the
Equitable Life Assurance Society, sent
an appeal to all policyholders and
benefciaries yesterday to invest IN
Liberty Loan bonds.
Ne points out that the nation is IN
the war and must win, and that sue
cess depends upon the response of the
Teople to war loans.
let no pride of personal opinion"
he says, mo partisan or religious
prejudice or any consideration wnat-
ever divert you from the one vital
prejudice, to help your country tri-
un,ph in this war"
The Chatham and Phenix National
Bank has set apart this week as Lib
ertv Bond week. The officers and
managers will give their entire time
and attention to receiving subscrip-
tions to the loan not only from GUS
toners, but from the public generally.
Big Subscriptions Announced
Among the subscriptions announced
Yesterday were 100000 by the Corn
Products Refining Company; the Calu-
met and Arizona and United States
Refining and Mining Company, each
$500 900; in addition to a $3.50 1000
subscription for its Boston account,
the Calumet and Hecla Mining Com
rany Will Subscribe for an additional
81 .J0OO 900 in Michigan for account of
Itself and subsidiary companies.
One bank announced yesterday that
ont of a total of 6S4 employees $50
had purchased Liberty bonds, the
other two being on their vacations.
John f. Gardin, vice-presidert in
charge of the foreign exchange de-
partment of the National City Bank,
in statement yesterday declared that
those who do not subscribe to the
Ioaa to the fullest extent of their
ability were giving aid and comfort to
the enemy, and were thus assuming an
attitude that is reasonable.
"The good faith of the government
is pledged for the prompt payment Of
this loan within thirty years." he
added, "and in the meantime it gives
to the investor an interest return Of
az per cent, which may be considered
veiv good, when the quality of the in
vestment is considered. Every citi-
zen of this country of ours is pledged
with all that he possesses now or in
the future to the prompt payment of
the debt at maturity, and, consequent
". every citizen has an interest in its
Ultimate redemption. Certainly bet
ter security than this cannot be ex-
pected."