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

HUUACtlUAlOIE
erty loan passed the 35,O00.00o marx
Wednesday noon, when Abner r.
Iarned, sales chairman. announced
that sales reported by teams and
banks since Tuesdays meeting to-
tailed y2.3ss.2OO. Tho grand total
10 date is S5.l42.000.
One team alone, No. l6, OF Divi-
sion p. captained by Frank y. Nicoi'
reported $4,000 in nine subscrip-
tions at the MONDAY meeting The
announcement set the Board OF
Commerce auditorium in an uproar.
instantly every salesman was on MS
feet yelling for Nicoi and the team.
Mr.. Nicol and his associates were
invited 10 the platform 10 repeat the
announcement. when the cheering
broke forth anew.
Yellmaster Ted Reed, always
ready for an emergency, sprung a
special veil In honor of the banner
team OF the campaign mp 10 this
time. and II was given with hearty
good will
Capt. Nicol explained that OF the
S91O.200 the Union Trust company
had subscribed 100000 and the Ma
tional Bank Of Commerce $2oO,Ooo
each on its own account. the bonds
not 10 be resold 20 customers. This
brought more cheers. II was the
first 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 20 finance the Liberty loan
subscriptions for the large corpora
tions and was given an enthusiastic
reception Julius " Haas prcsi.
dent OF the Wayne County &, Home
Savings bank. also spoke briefly on
the plan.
The Underwriters association re
ported 367 subscriptions totaling
y s92,5O0. or this amount $74.050 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. els head Team Captain
Thatcher w. Root announced that
inasmuch AZ the capital stock OF
the concern is only 100000, the
companys individual subscription
OF SIS. 600 is far In excess of the
2 IL percent set as the amount
corporations are expected 10 sub
scribe The i75 employees gave
$1,000 the secretary-treasurer
Raymond r. Phillips. $4,000, and
Mr.. Templeton himself matched
the firms sos. 900 subscription. he
also closed down the plant for the
canvass
There were loud cries OF Temple.
ton. Templetou." and when the
tumult had subsided Mr. Temple.
ton modestly stated that his firm
rad done merely what 81 considered
SIS duty and what every other plant
in Detroit ought 10 do
Gaylord ellis team reported that
the Burroughs Adding Machine com
pany had duplicated the s250.000
subscribed BY their employees.
which. with the $50. GOO subscription
Of Joseph Boyer. president. and a
subscription OF 5000 from one OF
the office men. made total OF $3.50
200 from this concern 10 date.
Jen webb.
The Detroit Rotary club, thru
Jon webb. reported 350 subscrip
tiong totalling NsllS00 This IN
cluded S400 subscribed by the ush.
ers OF the Temple theater. Mr..
webb read letter from Leo q
Cady, Wholesale grocers. 10 the ef
feet that they would Fubscribo 10
their limit.
The real estate to0m spoke in
praise OF The J. &. widmon com.
pany. Mr. and Mrs. Widman anc
their Eve sons were all on hand TO
help in the canvass Of tho factory,