New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-06
Bankers Getting
Ready to Sell
Liberty Bonds
Plans for Coming Cam.
paign in New York
District Outlined

Definite plans for selling the next is
sue of Liberty Loan bonds were dis
cussed yesterday at a meeting here OF
prominent bankers who are members OF
the Liberty Loan Committee for the New
York Federal Reserve District. The
Forthcoming offering of bonds will be
known as the Second Liberty Loan of
1917 and the campaign for its distribu-
ton is expected to begin October /.
One feature of the plan for organiza-
tion approved by the committee will be
the appointment of subsidiary commit
tees representing all the trades and in
dustries Of this district. The pre-
liminary work of organization which
has been carried on under the direction
Of the Federal Reserve Bank during the
past six weeks was ratified by the
committee.
Benjamin Strong, governor of the
New York Federal Reserve Bank and
chairman of the Liberty Loan Commit
tee, in a statement issued after the
meeting, said:
at has been necessary to do a con-
siderable amount of work along the
lines OF outlining distribution policies
and reaching various sections of the
district with a view to obtaining the
best possible help in the next loan.
First Gun Fired
"While the exact date of the begin
ming of the campaign has not been an
nounced, and we are not familiar with
the amount to be raised and various
other details, we feel that the an
nouncement by Secretary McAdoo last
week was the first gun in the new cam
naign. We know that the campaign
will begin within few weeks and we
know the amount to be raised Will re
ouire the best efforts of all our commit
tees and of the public who have gem
erously offered TO work with them.
"Our distribution and publicity or
carnations will be hard at work dur
are DESTROYS of Offering their services
or who have any suggestions TO make
with regard TO the next campaign are
urged TO communicate in writing with
the Liberty Loan Committee immedi-
ately."
The headquarters of the Distribution
Committee will be on the fourth floor
of the Equitable Building in Offices that
have been donated by the Federal Re
serve Bank.
Meeting Well Attended
The members of the Liberty Loan
Committee present at the meeting be-
sides Mr.. Strong were: James S. Alex
snder, president Of the Nationa! Bank
of Commerce: George +. Baker, chair
man Of the board, First National Bank;
Allen B. Forbes. Harris, Forbes & Co.;
Gates W. McGarrah, president Me-
chanics and Metals National Bank; J. 7.
Morgan. j. T. Morgan & Co; Charles
". Sabin, president Of the Guaranty
Trust Company; Frank A. Nanderlip,
president National City Bank, and
William Woodward, president Hanover
National Bank Seward Prosser, presl-
dent of the Bankers Trust Company,
was represented by A. II. Marckwald,
and Jacob II. SchifF, of Kuhn, Loeb G.
Co., by Jerome j. Hanauer. Others
present were James f. Curtis, secre-
tary Of the Federal Reserve Bank and
secretary Of the Liberty Loan Commit
tee; +. b. Sweeney, vice-chairman of
the Distribution Committee; A. NJ. An
derson, executive secretary Of the Dis
tribution Committee; Guy Emerson, Di-
rector of Publicity, and r. e. Gray, as
sistant secretary Of the Liberty Loan
Committee