The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-10-05
INQUIRIES SHOW III
general INTEREST
IN LIBERTY BONDS
'Many Applications For the Seeu-
rites Are Received BY Banks
and Trust Companies Of City
ACTIVE CAMPAIGN IS ..E
/, &..a& GETTING UNDER WAY
Business Firms Are investigating
Practical Working Out Of De-
l'.t 2ferred Payment Plan, a..

and trust companies show the wide
spread interest in the second Liberty
Loan campaign just starting. Practi.
cally each one Of the banks and trust
companies had applications from bond
purchasers, while inquiries poured in as
to the different features of the bonds
The selling organization is compelled
to mark time to certain extent until
the necessary literature and printed
applications are received They are
expected to arrive today on the Nippon
Maru. The blanks will be turned over
at once to the printers and should be
ready for the slgneTs in n few days.
Literature and application blanks
viii be distributed by the publicity
committee, of which +. l. Spalding is
the head. When they have been given
out placards will be placed in front Of
! those financial institutions where appli-
cations may be signed directing the
attention of the public to the fact that
they can, buy their Liberty Bond in.
side.
Several large firms, among them the
Won Hamm- Young Company and the
Oahu Railway and, Land Company,
made inquiries Of J. F. Cockburn yes.
terday as to the practical working out
of the deferred payments plan for the
benefit of their employees. 1t is thought
/ likely that a large number of firms
will arrange some plan to finance those
employed by them in the purchase OF
bonds. This will further to a large ex-
tent the plans of the executive com
mittee, which is trying to put a Liberty
Bond in every home.
Hackfeld & Co. sent representative
| to r. F. Stever, executive secretary of
the committee, yesterday, requesting a
number of copies of all reading matter
about the bond issue already received,
application blanks, aud copies of The
Advertiser. Of yesterday morning con
tanning the story of Wednesdays meet
ing. A copy of each leaflet, an appli-
cation blank, aud an Advertiser were
sent out by them yesterday to the Of
fee of each plantation for which they
are agents.
Every sugar agency has made offers
| of hearty cooperation with the execu-
tive and the subcommittee, and it is
| likely that the plan of distributing the
literature and applications to each
plantation headquarters will be sug-
gested to them and followed out on
each one of the islands.
Liberty Bonds are rising into impor-
tancc and are considered by, many, at
/ present, pretty good investment. If
the present war should cease shortly,
the bonds will rise to n substantial pre-
MUM. With tn sc in mind the city treas.
urer is proposing to prevail upon the
other members of the Pension Fund
/ Commission to put their funds in the
bonds and in this way make a neat lit
| tie investment.
City Treasurer Conkling proposes to
ask the other commissioners of the
| fund commission to invest the present
| fund on hand. amounting to some thir.
| ty.seVen hundred dollars, and to try to
have them persuade the board of super.
, visors to advance to him further sum
of between six thousand and seven
thousand dollars as loan for the time
being, to be paid back before the end
| of the year. This action will be pro,
posed at II meeting to be called in the
near future for the purpose of discuss
| ing the Investment of the money on
| hand.
| 1t is possible that the banks might
finance the commission with the need
ed money, but there is the possibility
| of a Snag on account of the proceeding
| being of the manner of q loan and the
city may not be permitted to be
financed by the banks without the ex
press permission of the President of the
| United States There is, however, No
restriction against the board of super
! visors drawing from the general fund
for any special fund, and this is what
will be asked.
Handling the proposition in this man
ner it will be saving on the part of
the city, because it will he transacted
through warrant on the city treasury
| which will be presented to the banks
and registered by them just as any
other warrants are registered. In this
way five per cent interest will be
charged for the money, whereas were
, the money secured by a direct loan
made through the banks it Is possible
much higher rate of interest would be
charged.
Ten thousand dollars is the sum the
commissioners propose to invest in Lib.
| erty BOnuS, ana II Teuuy money IL ST.
durable through, the board and invested,
and should the war terminate, the
funds of the commission should be well
| increased.
The speaking campaign was begun
yesterday by l.. Tenancy Peck, president
of the First National Bank and chair
man Of the Liberty Loan executive
committee, with short talk TO Rotary
| Club members at the club luncheon.
Several applications were signed up on
the spot by different members,
A cablegram from James X. Lynch,
governor of the twelfth federal reserve
district, to l.. T. Peck, yesterday stated
that allowance of $4,000 had been made
for the expenses of the campaign. Prac
ticalIy the only expense locally will be
printing, advertising, and postage to
the other islands. All those who serve
on any of the committees have voun
tecred their services without charge
No commission is received by anyone
for selling Liberty Bond,