The Washington times., 1917-06-01
To the Editor of THE TINES:


to say that what our committee Is
doing Is principally OF an educational
and publicity nature. We are great
ly assisted by some OF our citizens
in volunteering to speak before au-
diences wherever We are able to as
semble them, and this work has been
productive OF much good. On the
other hand, there are a number of
volunteers whom we find willing to
assist, but are otherwise engaged
just at the time they are most need
ed. Our committee needs speakers
not necessarily orators--who will aid
us In giving the Liberty loan tne
widest possible publicity by personal
work in five or ten-minute talks. l
need not say to you that our COM
mittee, composed of Mr.. Poole, Mr..
Thorn, Mr.. saul, Mr.. Allies, and my
self, are working day and night to
fulfill a most arduous task-a task
We are glad to fulfill-but we need
and must have the active, hearty CO.
operation Of the press and every
citizen OF the District OF Columbia,
and at the same time we are not at
all unmindful of the assistance al
ready given US in many directions.
Privilege A Well A Duty.
Outside of the fact that it Is a
duty to subscribe to the bonds now
being offered, l am sure that many,
many people will esteem IL q great
privilege. We are about to assemble
the largest land and naval forces ever
known in our history, and the flow
er of our youth are to offer their
services-yes, more than that-their
lives-and does II not behoove every
person to do everything In his or
her power to save every life that Is
offered? Surely there are many wives,
fathers, mothers, brothers, sisters, or
even children, who would give all
they have to spare the lives OF their
loved ones, and IL / mistake not, the
greatest help they can render to &C
complish this purpose Is to aid our
Government by subscribing to the
Liberty bonds and forcing, with
mighty speed, the coming OF liberty.
The authorized loan OF $4,000, 0OO,-
900 Is the largest financial transac-
ton ever known in the world. and the
81, zoo, 900 900 now offered should be
subscribed 30 quickly that the next
issue will be anxiously sought for.
A large oversubscription to the pres
emit offering will go before the world
with a most impressive effect, and I
doubt not but that our enemies will
stand in awe at the successful con-
clusion of this stupendous financial
undertaking.
/ have not the ability nor will space
permit Of my mentioning the many
patriotic reasons for urging subscrip-
tions to the bonds, but fear that our
patriotism has not been as sufficient
ly aroused as It has been in our allied
countries by the losses and suffering
OF their noble armies, and indeed /
sincerely hope that II will not be
necessary to await some calamity, but
that our citizens will rise as one
great army and accept the duty
privilege-which the Secretary OF the
Treasury now offers. am quite sure
that in the heart OF every true Amer
lean citizen there Is a full measure OF
patriotism, and this is readily shown
oy desire on the part OF thousands
to offer their services to our country.
but there are many millions OF people
who have not. and probably will not
be, permitted to join the ranks OF our
glorious and ever-victorious army
and navy, and who ought to Join the
army OF bond buyers-for our night
ing forces can accomplish very little
without the financial support WHICH
THEY MUST HAVE. The success OF
the loan, 1t seems to me. will be
measured more by the numbers who
subscribe than ny the amounts sub
scribed.
The Offer Of the Banks.
The FIRST war loan offered by Eng
land in November, 1914. had about
100000 subscribers. whereas the last
loan offered by England had 5.2s5. 900
subscribers, and in addition to this
increase OF 5.1s5, 900, there were about
1000. 900 additional subscriptions to
what are known as war savings GER
tificates.
Regardless of the conditions sur
rounding these subscriptions. We can
well afford to show our patriotism in
equally effective manner. and t. a.
complish Washington's share in doing
so, our committee has adopted the
slogan, a Liberty Bond in Every
Home" and every banking institution
of the District of Columbia stands
ready to help us accomplish this by
agreeing to loan any one SIS on a
500 bond, or $50 on a 500 bond, at
81 per cent interest. the loan to be
paid off IN monthly installments. In
addition, every banking Institution
will give safe-keeping facilities TO
any one purchasing up to 1000 IF
bonds, and further, the banks will be
open at various times in the evenings
to receive subscriptions and answer
Inquiries OF those desiring to sub
scribe. These facilities. so generous
Iy offered by the banks to the public,
have placed within the reach OF all
the opportunity to show their patriot
ism.
l have been asked by several PEG
pie as to what is the security for
Government bond. and / think that
the best answer to that question is
that everything you can see in the
United .,ates is security for its
bonds" Another question frequently
asked is, why are the bonds being so
extensively advertised? In reply I
may say that the Liberty loan Is to
be a popular loan by the people and
for the peopIe-both present and fu-
ture-and not alone for banking and
other institutions, who must maintain
their present financial status to en-
able our industries to continue their
operations. Subscribers who borrow
from financial institutions to buy
bond should repay the amount Dor
rowed in monthly installments, so as
to aid the banks to maintain their
loanIng facilities, and, above all. II Is
hoped that holders OF the securities
OF our corporations will not sell them
for the purpose OF subscribing to
coyarnr,ant hands as this really