Evening star., 1917-10-01
Mrs. Blanche F. Gearing
Claims to Be First Pur-
chaser Here.
PLAN VIGOROUS CAMPAIGN .
TO MAKE LOAN SUCCESS
Bankers, Business Men and Citizens
Join Efforts to Uphold Wash =
ington's End. =

The second liberty loan campaign is
on!
Washington bankers started receiving
cash subscriptions this morning, and
from now until Saturday, October q,
when the campaign closes, every effort
will be made by bankers, business men,
women and citizens to make the loan .
rousing success.
Tonight officials Of the banks. trust
companies and savings institutions Of
Washington will come to an agreement
on the method to be used in arranging
installment payments for the great
throng of patriotic people who win buy
on monthly payments, and to the extent
of their ability.
All reports of sales must be in the
hands of the federal reserve banks by
November 1, and daily reports are ex-
pected during the conduct of the cam
paign.
Tuesday, November 6. the Treasury
Department will make allotments. and
all payments must be made on or before
November Is.
Take Over One Million.
Cash subscribers took over 81, 1,000.00o
of second liberty loan bonds today in
Washington. although the campaign
has just started, and scores Of inquiries
were made by intending ipstallment
buyers, indicating that the capital Will
not be backward in doing its full duty.
Business men are giving much OF
their time, in some cases all OF 1t, to
the work in hand.
The speakers bureau has been inau-
gurated, consent has been given
by the managers Of the various places
of amusement. and opening four-min-
ute addresses will begin either this even
ing or tomorrow. Claude N. Bennett.
chairman of the four-minute men. viii
have charge OF the speakers at the
various movie" establishments. while
Eugene E. Thompson will make -.
signmepts. for other addresses.
Claims to Be First Purchaser.
Mrs. Blanche Fisher Gearing Of Rock
Creek and Klingle road claims to be the
first purchaser in Washington Of second
liberty loan bonds. showing In substxn-
tlation a receipt from the Treasury De-
partment for IS, 600, thereby taking prece-
purchase" was only for $1,000 at Cleve-
land.
Washington bankers have been large
sellers OF interim certificates OF the nrst
liberty loan. through New York houses.
lately in clearing of the decks for the
second loan, so that it is safe to say
that their subscriptions Of $5.o00.0 600 In
the first campaign will be eQualed or
surpassed In the second effort
The liberty bonds of the first issue
are in good demand and are selling
steadily at a premium. Financfers have
computed the dividing line on income
at a point where the non-taxable 3h
per cent bonds will yield larger returns
than the 1 per cent with surtax in.
come tax, at $4,000 per annum.
Profitable to Exchange.
If your income is less than that
amount 1t will pay you to exchange
your -. per cents for the new IS. II
over the schedule It shows that your
income will be larger by retaining the
az with the non-taxable feature.
The local liberty loan committee OF
the District Bankers Association held
a meeting this morning. and will hold
another this afternoon. in preparation
for the full meeting Of the association
tonight.
The new series Of posters were given
general circulation in all banks and IN
many important places.
Adv;ces from New York indicate that
Wall street did the expected and dressed
its windows" with a strong stock market
pessimistic sentiment should not hamper
the great movement
Arguments to Be Better.
1t is believed that the speakers during
the campaign will have much better argu-
ments to bring to their aid than in the
last selling movement
The first liberty issue is salable at Q
premium: the war has reached the stage
where thousands of Americans are un-
dergoing intensified training abroad and
preliminary work of a strenuous char
acter at home: while the interest rate,
in which investors in the first issue par
ticipate has been raised to per cent
as suggested at the time of their issue.
officials of the Capital Traction Com
pany and the Washington Railway and
Electric Company gave the necessary
orders that brought all street cars TO q
stop on the stroke of IL o'clock: Com
missioner Brownlow ordered the fire de-
partment bells to ring. and the auspis
cious opening of the campaign was car
ried ont about schedule.