New-York tribune., 1917-07-11
Wall Street Is
Making Ready
For New Loan
Governors Of Federal Re-
serve Banks to Meet
Here Next Monday

Governors of six Of the twelve Fed
erel Reserve banks Of the country are
scheduled TO meet in New York on Mon
day next to discuss ways and means
for the successful fotation Of the sec
ond installment Of the Liberty Loan,
which. is to be offered for public sub
scription early this autumn. Just which
districts will be represented could not
be learned yesterday, but it is under
stood that the heads of the Eastern
banks of the system are to take part in
the conference. The meeting, is is
said, will probably mark the opening OF
the big campaign that is to be con-
Quoted in behalf Of the governments
second war loan.
Plans for New Loan Laid
There has been some difference OF
opinion in financial circles as to wheth-
er $4,000, ,OOo, 900 or $4,000, 100000 would
be the amount offered, although lately
it has been generally thought that the
latter amount would be brought out,
thereby exhausting the total remaining
under the $4,000. 100000 authorization.
Locally plans are already well under
way for launching the new campaign.
While some weeks will elapse before
the drive will actually be started, the
ground work is now being laid. 1t was
stated yesterday that since the close
of the first Liberty Loan campaign a
large number OF people have offered
their services in connection with future
loans. In order that these volunteers
may be intelligently treated and their
services utilized Governor Strong OF
the Federal Reserve Bank OF New York
has decided to open e publicity office
in a few days. The Office will probably
be located in the Equitable Building.
The official publicity committee ap-
pointed by the Liberty Loan committee
70 act during the last campaign has
been dissolved, and no new committee
will be appointed at this time. For the
present officials Of the Federal Reserve
Rank have requested Guy Emerson,
vice-president of the National Bank OF
Commerce. who was secretary OF the
former Liberty Loan public committee
TO supervise the details Of the work OF
the new office. A small paid staff will
be employed, and this headquarters
will serve as rallying point for all
those who can render effective service
in publicity way.
No Committee Appointed
ave have been given to understand"
said Mr.. Emerson yesterday, that the
second Liberty Loan of 1917 will be
offered to the public some time in the
early autumn. The amount of the loan
has not been officially stated, but 1t
will certainly be large, and will require
the very best efforts OF all Of US to
distribute it as thoroughly as the last
$4,000 100000 was distributed. No
official publicity committee has as yet
been appointed, but there are many
preparations for the next loan, which
ought to be started Immediately, In
order to avoid the rush and strain
which attended the last Liberty Loan
campaign. A great many people VINO
are influential, with large organiza-
tions, have offered their services on
condition that they be given plenty OF
time to prepare their machinery before
the loan is actually offered TO the
public.
MANY men who worked very efec-
lively in the last loan have stated that
unless they are now enlisted in the
Liberty Loan work they will feel under
obligations to attend officers camps
which will open in the near future. We
feel that the raising of the money for
the war is one of the most important
things to be done, and that it should
be done efficiently and literally. and
that an organization should gradually
take shane which will be more or less
permanent in character throughout the
war.
az believe that this is the idea that
Governor Strong, of the Federal Re-
/ serve Bank, has in mind in deciding
| 70 open publicity headquarters at this
| time"