Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-05-18
|LIBERTYLOANBOND
CAMPAIGN OPENS
Aim Is to Induce Every Phil
adelphian to Contribute
Share to Fund
GOOD AS INVESTMENT

A campaign to induce every man and
woman la the Philadelphia reserve district
20 purchase a Liberty Loan Bond Is In fui'
swing today in this city.
Everything that there is to be told about
the bond will be fully explained to the peo-
pie. Residents Of Philadelphia will he shown
the value Of the bonds as mere Investments
their worth as tangible sign OF patriot
ism. their value as moral asset in the
var between democratic government and
nutocratic government
This work has been undertaken by a
group Of Philadelphia bankers fec the terri
tory embraced in the philadelphia Reserve
District. and the idea is to continue II untH
every citizen in the district has al least one
hord The common feeling Of loyalty 10 the
f.evernment which moves alike the owner
OF millions and the servant In the mouse
will be appealed To, and the lteS'fNc tert'-
tory, which embraces most Of Penhsy'Nanhd
the southern half Of New Jersey ana an OF
Delaware, viii be covered by ono OF 'He
most comprehensive selling campaigns ever
fundertaken The campaign cry connenses
the issue OF the 1ay into phrase Lao
erty Bell--Ring II Again by buying
Liberty Bond
Secretary Of the Treasury McAdoo an
noUnced in Washington day tHat every pre-
caution is being taken TO prevent any as
furbance Of the American market when sub
ecriptons TO the Liberty Loan Of 1917 are
called in at the end OF June.
Word 10 that effect has been sent TO all
Che banks and trust companies In the coun-
fry at Mr. McAdoo's request To prevent
n disarrangement Of the money system by
large Withdrawals the Secretary Is urging
upon bankers the immediate purchase OF
convertible Treasury certificates or indebt-
edness now on sale. These certificates may
be turned in by the banks themselves or
by depositors in payment for Liberty Loan
bonds thus avoiding the actual physical
payment of cash.
Another means suggested is to have banks
and trust companies qualify as dcpositors
for the Liberty Loan.
CALL TO BANKERS
Actual work In floating the Federal loan
took shape yesterday, when Charles j,
Rhoads, governor Of the Philadelphia Re
serve Bank acting on the request Of the
general committee representing national
hanks trust companies, the Philadelphia
etocx Exchange and the investment bankers
OF the city, called upon the investment
.hankers for immediate work I'm placing the
(sovernment's war securities The invest
ment bankers so-called, at once named a
general committee OF twelve, exclusive OF
walter c. Janney, who is to be the executive
manager OF the whole campaign,
The Liberty Loan committee announced
today that treasury certificates would hI
accepted on the two per cent payment oi
application for Liberty Loan three and one
half per cent bonds, as well as for further
instailnent payments and for payment II
full All banks trust companies, invest
raept bankers and individuals are advised
by the committee TO purchase treasury GER
tifcatss against their subscriptions.
Every investment banker in the city is
enlisted in the work. and the committee. as
rtpresenting the entire Federal Reserve dis
triet. plans to canvass that territory
thoroughly. Owners Of all the newspaper
Of the city met Mr.. Rhoads and Rich
ard l.. Austin. reserve officer yesterday
afternoon. and promised voluntarily all tn
assistance in their power The member
Of the investment bankers committee me
At once and not a-single declination wal
reported. n
Mr.. Janney. executive manager Of the dis
tfict campaign. met representatives o
other Federal ResFrve districts in Wash
tngton, and chairrten Of the local subcom
mittees dropped ALI other duties to take VI
the larger service Of the nation. George X
Reilly. of Reilly. Brock Co.. chairman o
the committee TO organize Pennsylvania
started out on an early afternoon train
Mayor Smith agreed 10 act as chairman o
q committee to facifttate subscriptions iron
employees OF the city and by nightfall tn
groundwork Of the great enterprise hat
been laid.
The work I'm those parts Of the reserv
district outside OF Philadelphia will b
undertaken by bankers Of the RESPECTIVE
towns and cities, and the Liberty LOAF
committee will cooperate with smila
committees in other communities o
the Philadelphia reserve territory. 1t /
for such purpose OF cooperation that Mr.
Reilly has already taken the field,