New-York tribune., 1917-06-08
Corporations Aid1
Sought to Rai..
Red Cross Fund
Dawson Has Plan to G.!
Part of $780, COCOON,
Extra Dividend,
Need of Money Urs.,,
Will Be Used for u. s s.,,
and Soldiers; Finanei.,,
Favor Project
Need of Money Ur,,,,

A plan for raising "a. =,
sloo,ooo.Ooo fund for the A.. Z
Red Cross by requesting Corr.
throughout the country to d.el,,.
dividends Of l per cent or NOR, q. !,
organization was announced l,,,
by Henry P. Dawson, chairu.s a !. =
American Red Cross War coa,,S '''
Mr.. Dawson said that the n,,.,.
had come from a New York ma, ~. ~''
had been warmly indorsed by th.l...
of several corporations, and IA, !,
plan bade fair to solve one Of IA. A.
gest of the immediate war probl,.,
that of preparing to care for on, =,
soldiers and sailors.
Mr.. Dawson said it was slno,, ]
possible to raise at once the eno,r.]
sums of money needed for the j
Cross except BY resorting to som. :,
measure. Even generous contribus.
could hardly assemble such fund y
that the public as a whole has e.,,I
its attention on the Liberty bond =.
chases.
Banks VIII BE Asked TO HEN
The extra dividend scheme is M,
together perfected. In general. Arr.
ing TO Mr. Dawson, all banks and,,.
corporations of the country wi :
asked to join in the dividend NJ.
ment. After the extra dividend |, !
clared the stockholders will B. !,
suited. If they choose not TO or c,,,.
afford 70 part with their money \.
will not be pressed. Attorney Gee,
b. Case spent yesterday in drswirs
legal plan for presentation to tn, e
porations.
ave need at least 100000. 900 NJ
away" said Mr.. Dawson, "and u,
big sum of money cannot be raised /,
less we appeal to the big corporate
| have presented the plan to several
financial men, and I have found no ,
who has considered t as being on,
the way. One man, who is an Official
a big corporation, said his board OF
rcctors would act on tie suggest,
and if there was a single man on
board who objected he would make
that mans share out Of his o.
pocket"
Corporation Heads to Meet
Mr.. Dawson said he planned 70 ca
meeting of corporation heads in \
York shortly TO discuss this mat
The plan is of such recent origin 4
Red Cross officials in the East .
hardly had time TO submit it to or
OF corporations in other parts d!
Should the United States Steel {
poration, with its capitalization
$500, 1000, 900, declare a dividend Of Il
cent for the Red Gross the sun
s5,OO0,000 would be available imms
ately.
Seward Prosser, chairman Of the
eoutive committee of the American 7
Cross finance committee, said the R
Cross now had expert organizers
forty-two big American cities, and u
Red Cross work had been started
nine hundred other cities and towns
In the afternoon Mr. Dawson q
lined roughly the enormous work
fore the Red Cross 20 about three hg
dred prominent business men in !
Chamber of Commerce. lie declared
was impossible = prepare a budget
cause the requirements Of the S'
were so uncertain.
Red Cross to Aid Allies
The Red Cross, he said. planne
assist the allies OF the United slf
as much as possible. lie said the slI'
tion in Russia was at present unsps'
able, but that only time could tell |,
much the United States felt esl
urCn TO contribute 10 the armies On
Eastern front. ..
Bishop Charles Henry Brent o.
Philippines; John A. Gaade, rees',
from Belgium, and Miss hA
leen Burke, Scotch Red Cross ns'
urged support of the organlIIsSa
MOny volunteered 10 address ked "
meetings and organize chapters
raise funds.