Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-06-02
PASS z MILLION
FIGURE IN CITY
Local Banks Announce Liberty
Loan Subscriptions Total
ing $2,000,0O0.
MESSAGE IN THE CHURCH
Ministers Asked to Give Time
to Bond Speakers Sunday
Forenoon.

Each minister In Tulsa will be
asked to donate five minutes of his
( regular service next Sunday morning
| TO speakers representing the commit
/ tee in charge of the Liberty loan sale
/ in Tulsa. This request will hc made
! on the theory that the oyerSubscrip-
ton of the Liberty loan Will bc a
means OF shortening the war and thus
/ render vast service to the Christian
world.
Representatives of the Tulsa banks
began their telephone campaign at g
O'Clock yesterday morning and contin-
uod IT during the day. All the banks
report considerable progress, the total
Mt noon showing over $2,000,00O worth
I Of subscriptions had been received to
/ date Another encouraging feature
was the increase in the number Of
subscribers, the reports showing that
| $50 people are now patrons of the
! loan. The report made Tuesday noon
| showed 412 subscribers, making an in
crease of POS subscribers this week.
c. OF &. VIII Assist.
At this meeting yesterday the cham
Der Of commerce directors pledged
their support. President McFarlin eX-
pressed the belief that Tulsa should
]
its share He pledged his personal
support and the support of all his
associates Reports from committees
show that work among the factories Of
/ the city is very encouraging quite
/ few of the manufacturers and oil COM
laEies Of the city are buying bonds
( for their employees i'm addition to their
own subscriptions Alexander Kerr OF
the Kerr Glass company announced
| th2t his company proposed 10 sell $50
bonds TO their employees at the rate
of 81 per week without any interest
and with a pledge TO redeem any bond
ont ut premium and TO pay back all
paid in by the buyer should he find II
| impossible To- complete his purchase.
other manufacturers are going to be
asked to do as much.
june Holiday.
All of the banks of the city will
close on June ., registration day but
it will not be a holiday for the bank
help. Instead every bank official and
employe win be asked to put in an
extra hard dgys work selling Liberty
bonds. Every corner of Tulsa is GO
ing to be reached on this day If pos
sibe.
Great encouragement was encoun-
tered i'm the telephone campaign yes
|
selves to buy Liberty bonds. Their
names Will be turned to the bank
where they do business and that bank
will follow up the campaign and
| Clcse the sale.
Considerable lack of information
was found regarding the bonds ana It
i hoped that the personal campaign
over the telephone and by personal
solicitation on June will clear up
,1I ~ L
ing the soundness and safety Of LIB
crty bonds.
In a report received from the comp
troller of the currency by the local
committee today much Information
or the bond issue is given. This re-
port follows:
Ranking Conditions.
Reports from all national banks
as of May l, 1917, just compiled.
show that the total resources of these
banks at this time exceed sixteen bill
lien dollars $4,000. 600, ,000), ana
are $16O, 100000 more than the great
est resources ever heretofore held. Ia
the country banks as well as in the
banks in the reserve cities, resources
have broken al previous records The
increase over March in resources in
reserve and central reserve cities eX-
coeds 100000, 900, while the country
banks are 100000 ahead Of all
previous figures.
Since July 1914, the resources of
our national and state banking organ
iZations have increased by the enor-
nous sum of eight billion dollars
(SS, 1000, ,000,0 ,000). This increase alone
exceeds the total deposits Of all banks,
large and small in Great Britain ano
Ireland. including several banks
whose total resources are greater
than those of any individual bank in
this country, and also including all
deposits in the Bank of England.
"Fnancially this nation is fully
prepared to meet successfully any and
every demand which duty. honor ana
the fullest protection to the lives ana
property of its citizens can impose. II
is ready anl able to vindicate before
the world the principles of democ-
iacy.
Lead the World.
"No nation ever before possessed
the immense financial strength and
power which are ours today. We
have become the greatest reservoir