New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-11
Bankers to Take
Stump in Rallies
For Liberty Loan
Committee Plans Campaign
in New York, New Jersey
and Connecticut

Political machinery which was used
i'm the campaign last fall probably will
be turned to account in arousing inter
est in the $4,000 900 Liberty Loan.
Allen y. Forbes, chairman Of the bond
] distribution committee Of the Liberty
/ Loan Committee, announced yesterday
| his intention of starting an active sell
ing campaign Immediately in the I'd
| Federal Reserve District, which in
cludes New York, New Jersey and Con-
recticut. Liberty Loan rallies will be
held in every community, and promi-
nent bankers have consented to take
the stump, among them Thomas W. La
mont, Of J. T. Morgan e. Co., and W. ).
Wise. vice-president Of the National
| City Bank.
The Liberty Loan Committee estab-
/ lisned its headquarters yesterday IN
tho Equitable Building. Rooms 5lS-
/ ES1. which were vacated Wednesday
hy the Belgian Relief Committee. The
/ Subcommittee on publicity was in
communication with newspapermen,
advertising men. bill posting COM
panies and other agencies that will aid
in the dissemination OF news regard
ing the loan.
Banks Lend Employees Services
Several Of the prominent banks in
the financial district have loaned a
number of their employees to assist the
various. committees in carrying on the
detail connected With the propaganda
for selling the bonds.
Subscriptions 10 the loan showed a
marked falling off yesterday. Among
those reported were 100000 by
Speyer & Co.; 81 100000 by the Illinois
Central Railroad; S1.OO0,O00 by the
Bank for Savings, and S250,000 by the
: Underwood Typewriter Company.
The National Thrift Bond Corpora
ton. which recently organized for the
nurrose Of placing on the market
through retail stores small units OF
Government bonds as low as $40, has
/ taken up with the Treasury Depart
mcnt a plan to help in broadening the
distribution of me bonds TO be issued
under the Liberty Loan. II has Of
fered to accept Thrift bonds at their
face value in exchange for Liberty
bonds without charge. 1t has also
offered to purchase for transfer to the
trustee OF Thirst bonds only govern
ment issues until such time as the 2
ner cent issue commands a premium.
An intensive campaign 70 assist IN
the widespread distribution OF the
Liberty Loan among individual in
vestors is about TO be launched by. the
American BANKERS Association. Al a
meeting of the officers and section
heads OF the association held yester,
dav general committee, which Will
direct the propaganda, was formed
Numerous sub-committees in each Fed
eral Reserve district and every state
will also be organized to work under
the direction of the general commit
tee. 1000 ,..
and all will be asked to cooperate IN
The movement, but efforts will be con-
certrated mainly on the l1,OOO country
banks. as il is felt that the greatest
Tesults can be accomplished in that
way. 1t is pointed out that the CITY
,netitutions will be reached in other
ways whereas the association IS IN
more intimate touch with the country
hank. particularly those which are not
mrmbers Of the Federal Reserve syss'
,em. than any other organization ~
already has the organization. and needs
merely to adjust it to the present I'M
dprtakiug.