The Washington times., 1917-10-01
WAR BOND SALE
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each of the Federal departments and
offices, and many of the stores, cor
poratiOns, and business establish
ments, have a first subscriber. There
were a hundred races in every sec
ton of the city and no final will be
run.
Before the day was half over,
washington's Liberty Loan commit
tee. headed by John Poole, had as
surance that the campaign had gotten
wonderful start in Washington.
Though only a rough guess can be
made as to the amaunt Of subscrip-
tion, the committee Is confident that
the first days total will reach the
$25. 900 mark.
Final plans for the campaign to
raise the Districts quota will be made
at a meeting OF the District Bankers
Association tonight at 1914 F street
northwest. Frank A. Vanderlip, who
has been designated by Secretary Nc
Adoo as official in charge of the bond
campaign, will address the bankers.
Five thousand posters advertising
the new loan will make their appear
ance in Washington tomorrow. These
posters are now being distributed.
School Boys to Aid.
The Liberty loan committee obtain
ed volunteers from the high schools
for this work, and for messenger ser
vice between the various banks of
the city on the loan. Eugene Thomp-
son, secretary OF the committee, has
written to Superintendent OF Schools
Thurston urging that permission be
given for Liberty bond speakers to
deliver addresses at every school
building in the Capital
Minimum OF slB,OOO.00O.
Every resource OF the Capital is to
be- marshaled by the committee, that
washington may set an example to
the nation in subscribing the second
war loan.
Final plans for the raising OF q
minimum of $4,000, 900 were drafted
at a meeting of the committee in the
Federal National Bank this morn.
ing. 1t is expected that this figure
will be greatly exceeded and that the
Capital will have an oversubscription
at least equal to that on the last loan
of 100000. Washington's quota In
the first loan was but $4,000 900, and
Sl9, 9,OOO, 900 was subscribed.
They will set in motion a gigantic ma
chine that has a most successful trial in
the floating OF the first Liberty loan Of
1917.
5000 900, 900 Is Goal.
The present offering Is 50 per cent
greater than that Of the first loan. which
was for 2yOOO.oOO.OOo. overscriptions up
to 5000. 900 900 will probable be allotted.
Five billion dollars, and 10,000,OOO
subscribers is the goal set by Secre-
tary OF the Treasury McAdoo and his
assistants, who are-charged with the
responsibility of financing the war,
and securing the biggest credit ever
sought by the nation.
Plans for partial payments on the
bonds by Washingtonians are being
discussed today by the local Liberty
loan committee. 1t is hoped that
some arrangement can be made
whereby those in the humblest cir
cumstances will be able to do their
bit in subscribing to the loan
The banks of the city, as well as
the stores, and corporations, are ex-
pected to arrange weekly payment
plans for their employees. The task
will be more difficult this time than
it was on the first loan, because there
are many subscriptions Of this sort
still being carried.
Every subscriber to the loan will
be honored with button, designating
him as one who has helped fill the na-
tions war chest for the struggle for
democracy.