The sun., 1917-09-06
new LIBERTY LOAN
CAMPAIGN OUTLINED
committee Completes Prelim-
mary Work; to Name Hun
drcds of Aids Soon.
STATEMENT BY STRONG
Services or Suggestions From
Public Invited by Reserve
Board Governor.

Inc Liberty loan CoTlInlttee Oh the
local Federal reserve district began pre-
rlrlng a campaign for the distribution
OF the second Liberty Loan Of 1917 at a
two hour conference yesterday in the
Federal Reserve Bank Of New York. It
was the committees first formal meet
ing since the closing of subscription
hooks OF the first Liberty Loan.
II was decided to hold formal meet
lngs weekly until a week prior to the
opening OF the next campaign on Oc-
tober I. after which the committee de-
cIded that the situation will demand its
entire attention. At next weeks meet
ing the committee will consider appoint
ing hundreds OF committees. which will
be expected TO cooperate with the Treas
ury Department and the local reserve
bank In the distribution Of tho loan.
These committees will cover every in
dustrial, social and civic organization
within the district. which includes New
York State. northern New Jersey and
Fairfield county, Connecticut.
The departments and committees con-
nected with the loan will be located on
the fourth and fifth floors of the Equi-
table Building, formerly occupied by de-
pagtments Of the local Federal Reserve
Bank, which have been moved to 50
Wall street.
Those who attended the meeting were
BENJAMIN Strong. govSsnor of the local
reserve bank and chairman Of the COM
mittee James g. Alexander, president Of
the National Bank Of Commerce George
+. Baker. chairman Of the First National
Bank; Allen b. Forbes Of Harris, Forbes
4 Co.. Gates w. MoGarrah. president Of
the Mechanics and Metals National
Bank; J. p. Morgan. Charles H. Sabin,
president of the Guaranty Trust Com
pany; Frank A. Vahderlip, president of
the National City Bank. and William
Woodward, president Of the Hanover
National Bank. There were also present
James +. Curtiss. secretary of the re-
serve bank and secretary OF the Liberty
Loan Committee: n. b. Sweezy, vice.
president Of the distribution committee ;
Guy Emerson, director of publicity. and
H. G. Gray. assistant secretary of the
main committee
After the meeting Governor Strong
issued a statement In which he said:
''The object OF the meeting was to
ratify the work Of preliminary organiza-
ton carried on under tho direction OF
the Federal Reserve Bank during the
last six weeks. While the exact date OF
the beginning Of the campaign has not
been announced, and We are not familiar
with the amount to be raised and various
other details. we feel that the announce
nent BY Secretary McAdoo last week
was the first gun in the new campaign.
We know that the campaign will begin
within few weeks and that the amount
10 be raised will require the best efforts
Of all our committees and of the public
who have generously offered to work
with them.
our distribution and publicity organi-
zations will be ha-d at work during the
next few weeks and any members Of the
public who are desirous Of Offering their
services or who have any suggestions to
make with regard to the next campaign
are urged to communicate In writing
with the Liberty Loan Committee i'm
mediately.''
Announcement was made by the Fed
eral Reserve Bank that the bond division
had completed its work OF issuing
interim certificates for the last Liberty
Loan bonds to all subscribers who paid
IN full prior to August 80. The total
par value of the certificates delivered at
the close OF business on August % was
s533.s4O,050. To effect these deliveries
the bond division has distributed 1,141,-
ssS certificates in denominations as fol-
loue