The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1917-10-15
LIBERTY BOND
CLUBS FORMED
IN RICHMOND
Furniture Company Starts
Ball Rolling Here-Big Eff
fort Needed.

Wayne county's campaign for the
purchase of Liberty Bonds has reach
ed the stage that unless the response
Of all classes of citizens Is immediate,
there is grave danger of failure. The
farmer, the business man, the me-
chanic, the retired citizen. and even
the children with accumulated savings,
are all needed and needed NOW to
bring to a successful conclusion the
campaign to finance the government
in it's hour of greatest distress.
Despite all publicity that has been
given the movement here and through
out the country, 1t has been made ap-
parent everywhere that more or less
misunderstanding still exists as to the
exact nature of the call for financial
assistance.
Richmond banks have found that
scores of persons who call to make
inquiries still seem to think that they
are called on to make financial sac
riffce; that they are being asked to
contribute funds without. return there
on. Just how such an erroneous opin-
ion should exist at this period in the
campaign is hard to understand. In
no sense is there sacrifice called for
or expected.
Will Get 4 Percent.
The man who loans the government
10000 Of his funds is not sacrificing
a penny. He will receive return CON-
puted at the rate of percent per an
| mum. Just SO with the man, woman or
child who has $50 or $100. One hun
| dred dollars saved for a year will be
| $100 at the end thereof unless it is
put to work" But 500 loaned to the
| government will be $104 at the end Of
the year.
Liberty bond clubs which have been
| springing up in many cities and towns
! probably will be formed in Richmond
| this week. The first example was re-
ported today to the committee. The
| w. H. Romey Furniture Co.. subscrib-
| ed for bonds at one Of the banks, rep
resenting the purchases of the pro-
prietor and every employe in the store.
With this idea followed Richmond bus
mess houses will become big factor
| in putting Wayne county's quota over
the line.
/ One of the Richmond banks report.
| ed to the committee today that in ad-
ditfon to cash subscriptions for bonds
which now Gre coming n quite rapid.
| ly, they also are making sales on the
installment plan. Persons who have
not the necessary cash on hand to
make purchases Of even bonds In
! smaller denominations may subscribe
for a bond in such denomination as
they select and pay for 1t In install
ments of 81 week or more. The bond
In such case is purchased by the bank
outright and turned over to the sub
scriber when payments are completed
| In no case Is there any charge what
ever to the purchaser.
Spekinheier Relates Plan
j. A. Spekinheier, formerly of Rich
mond, now cashier Of bank at Boga
lusa, La, has written to a Richmond
banker setting forth the manner In
which the Liberty Loan sale is pro
crossing In his state. In part be
says:
How 'yo ALI getting along in Rich
mond with the Second Liberty Loan
campaign? They loaded the district
Craftsmanship on me. covering all ter
ritory from the Mississippi line on the
north to Lake Pontchartrain on the
south, and we sure are hitting the bal
and preaching the red Gospel
New Orleans wants our crowd tc
visit that city October IA, and we are
going to show them some real enthus
iasm. Good luck to good old Wayne
county and Richmond
Surely the quota will be reached
there for Wayne never was behind in
patriotism and this is the hour wher
everybody should get behind the gov
ernment and do his bit''