The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1917-10-22
NE BOND
GOAT. HARD
TO ATT TAIN
Workers Take Up the
Question of Stretching
Quota to $50, 900, 900


IN asking Detroit 10 subscribe
$50 900 900 as rs share OF the sec
ond Liberty loan, the board Of the
seventh Federal Reserve district
be- Imposed a rather diflculi task.
A. early as last Wednesday the
eaiea force under Amer + Larned
,~rs riven 10 understand that The
drive would virtually end SATURDAY,
and that the intervening time 20
"wednesday night when the sales
men meet for a final rally and ioillss
nratlon. would be devoted 70 eieah
40 work.
The statesmen "came thru hand
samelv with their end OF 20. putting
the bond sale over the line IN the
Allotted time with more than 81
$40 600 10 spare. The cleanup
vsork was counted on 10 bring the
l6tal up 10 about S50.00ooVo bnt "
Detroit IL expected 10 raise SlS,.
GEO 900 over It's quota, the lon- OF
course. cannot be accomplished II
ehy such leisurely fashion.
There Is a possibility that me
anestion OF extending the campaign
10 next Saturday and making q de-
ternjned drive for the new goal
win 10 put up 20 the statesmen al
.he RAILS wednesday night In the
meantime. the campaign, as taI ~
the organized force Is concerned Is
rractically dead Unlees some &C
lion n taken the additional SlS,V0of
600 must come largely from Noiuh-
tary contributions.
Tho executive committee met al
luncheon in the Detroit clab Mon
day noon 20 discuss the situation
The new goal was fixed by the ex-
ecuiivp committee OF the local Lo-
erty bond campaign following The
recript ~ a telegram SUNDAY after
noon from w A. Heath. of Chicago,
chairman OF the board Of directors
of mo Federal Reserve bank OF THIS
district and of the banks Liberty
loan committee. In this Telegram
Mr.. Heath warmly congratulated De
froit on its fine showing, and SAID
that IL was a foregone conclusion
that WAYNE county would meet
every request for funds from the
goynrnment. But he added
eli the state OF Michigan is 70
raise Us fun quota. AZ fixed By the
government, II is important that the
leading city IN the state show the
way by subscription In keeping
with It's commercial, industrial ana
financial importance, and its re-
source. with the deepest appre-
citation OF the work already done,
we call upon you for still further
effort IN TnfE. tfrs-fe-.- y esx AZ III
campaign. hoping and believing that
YOU viii realize our full expectation
Of $50 GOO. 600"
This means that Detroit Is OK
.pecfed to raise az least $4,000 900
more az
eft seems almost unfair 10 impose
iAls additional burden on Detroit
tho I do not mean 20 say that ihc
government or Chairman Heath IN
tends 20 be unfair" said John "
Sfaley. executive manager OF the
campaign Detroit has alfea1y
done an that could be expected ~
81 on The basis OF it's banking ro.
sources, but Detroit will ge' thar
100000. or come mighty close
10 a."
William Livingstone. general
chairman OF the campaign. urges
efery salesman TO do his best and
wants The general public 60 help,
too. II the reports Wednesday night
show that the new goal has not been
reached. tns campaign Will be con
finued 30 Saturday night IL Is AN.
nounced. when the national drive
officially ends.
Tho money Detroit is subscribing
for the Liberty loan will not really
leave the city at all. or. az any rate
will all come back Secretary OF
the Treasury McAdoo announced
several days ago that every dollar
raised in the seventh federal reserve
district Will be expended within the
district. Detroit manufacturers have
war contracts amounting 10 many
millions OF dollars. This city is also
the home or the famous Liberty mo-
tor. which is counted on TO win the
war for the Allies.
Up TO Monday morning the lower
peninsula OF Michigan. outside OF
Wayne county. had subscribed SO.
o0n.00D. only about one-third OF tbs
amount the rest OF the state r. ex
pacied 10 raise after tacking on iht
additional s13,000,000 70 Detroit
This means that $4,000. 900 must b.
raised In rural Michigan in a week
n The state Is 20 come thru with IL.
quota.
Thr total reported Saturday wa.
saGi 1000. bringing the total 10 s47
b34.S00
W p q. Harding. governor OF m,
federal reserve board IN Washing
ton. wired the executive committee
thru Mr.. Staley. Saturday as fol
lowe.
THE federal reserve board OK
tends its hearticst congratulations q
Detroit for her magnificent work lr
over-suhscrihing her quota In tn
second Liberty loan
Only two other cities in the COM
tfy. Richmond. Va, and Tucson
Aria. have subscribed their quotas
TeTT0T- WIZ -ii.-- ilHst- large rlix II
ihe United States 20 reach the goal
The heidelberg club. a German OF
rNniza ion. subscribed 20 a 800 bonl
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