The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-10-09
HIGH TENSION
CLUB LOYALTY
C. w. Kellogg Explains Difference Be-
tween First and Second Lib
erty Loans to Club
Members.
HOW SUCCESS C~MEs
Contributions From the Millions of
Wage Farmers Necessary to
Make War Measure
Vital Issue.
HOW SUCCESS
L~ldES


eighty members were present, was
held last evening in the club rooms at
Eighth and Main streets. Following
the reading of the minutes of prev
ious meetings, Mr.. G. w. kellogg ex-
planned the differences between the
4 first and second Liberty loan bonds. |
He emphasized in PARTICULAR that
while each individuals contribution |
to the Liberty loan was insignificant
in comparison with the total, amount
ing to many billions of dollars, that
| it was the aggregate of small con-
tributions from all people all over
the country, regardless of recourses,
which is making the Liberty loan
success. The contributions of the
wealthy men Of the country are rela-
lively small in comparison with the
total sum obtained from the millions
| Of wage earners and men Of moder-
ate means, hence it is necessary that
everyone contribute to the full extent
Of his or her ability in order to make
the loan success. He further en-
phasized the point that everyone
should consider the investment fea-
ture of these bonds as secondary and
incidental to the urgent national
necessity for aiding the country to
carry the war with the central powers
| He described the differences be-
tween registered and coupon bonds.
In the case Of registered bonds, the
owners name is on file in Washing
ton, certifying to the ownership OF
the bond, and check for the inter
est is sent regularly to the owne-
each six months If registered bond
is lost, stolen, or destroyed by fire,
the interest, and when due. the prin-
lcipal, goes to the original holder
The coupon bond on the other hand
is in the same category as $4,000
bank note and can be lost, stolen, or
destroyed without the owner having
any remedy therefor. The coupons
are dated serially every six months
: up to the time of maturity Of the
bond. These coupons can be cut out
and cashed at any bank as ,they be-
come due.
Mr.. Kellogg further explained the
occasion for the great delay in is
( suing these bonds to their holders, in
> that between eight and nine million
bonds must be printed, checked,
counted and registered before de-
: livery to the four million purchasers.
The engraving of these bonds takes
many weeks and the printing is
: very slow process, entirely unlike
y
> second Liberty loan drive with its
: bonds at a higher rate of interest
and the privilege of conversion Of
l the first 3R per cent bonds to the
J.. new per cent bonds have also de-
5 layed matters, so that 1t will prob
v ably be one or two months before
I these new bonds are finally issued to
their owners.
The High Tension club as an or
;, ganization has probably contributed
v more toward the Liberty loan than
I any other organization in this vicin-
lily in proportion to it's membership.
/. Nearly every member has contribut-
!, ed something and many $4,000 bonds
r are jointly owned by several mem.
!. sbers contributing SIS, $40, or $25, as
q the case might be- These bonds are
4 held by the High Tension club and
the interest will be paid to the own
q ers pro rata.
+ Mr.. Edgar Present
Mr. Kelloggs talk was followed
: by the event Of the evening, which
y was talk by Mr.. H. T. Edgar, pres
: ident of the Mississippi River Pow
:, er company. Mr.. Edgar described
. the Liberty loan drive which was
> carried forward in the Boston offices
principal branches of the organiza
!, ton, composed of hundreds of EN-
y ployes, erected percentage dials a:
), the main entrance TO the Stone d
= Webster building, representing each
" branch AS the employees of each
> branch subscribed the pointer was
:, moved forward and there was much
!. keen competition to keep the pointer
of each branch ahead of the Other
two. Two of the branches recorded
" 100 per cent of the members con
tributing and the other branch re
corded ninety-nine and fraction pei
cent contributing. Only two EN-
ployes from the president down t
and these did not simply because
! they could not.
g Mr.. Edgar then outlined in a very
m interesting way the beginnings o
the High Tension club. Mr.. Edga
m lis the real founder Of this club A
- member of the Electric club o
n Seattle, which is an organization
:, similar to the High Tension club
- composed of employees of the prop
=, critics of Stone G Webster in thu
:, vicinity of Seattle, he wished to de
. velop club along similar democratic
lines here in Keokuk- While man.
different views were expressed re
,gardipg the character OF the proposed
club at Keokuk, he finally persuaded
j the other charter members to maxi
T. the High Tension club open to al
le employees of the various Stone {
Ie Webster companies in the vicinit.
IF OF Keokuk.
le The record Of the High Tension
r club for the past year fully prove!
l. Mr. Edgar's wisdom. Many success