The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1918-10-23
WAR STAMPS SALE
T0BE QU|ETUMIM
LOAN IS FINISHED
THRIFT CAMPAIGN IS TAKEN
OVER BY FEDERAL RESERVE
BANK, EIGHTH DISTRICT.
BONDS TO HAVE PRECEDENCE
Statement Of Rolla Wells Explains
How Sales Forces VIII
Operate.

Treasury Department, Washington, d.
c., was received in St. Louis that the
Federal Reserve Bank has assumed
the dictatorship in the War Savings
campaign. The instructions indicate
that the entire War Savings issue is to
be hereafter conducted under the ju-
risdiction of the Federal Reserve
banks in behalf of the United States
Treasury Department. This action was
made necessary because Of the resig-
nation of F. A. Vanderlip as chairman
of the National War Savings Organiza-
ton.
Hon. Rolla Wells, governor of the
Federal Reserve Bank of St. Louis. in
an interview Wednesday, stated that
from Washington to take charge of all
activities in the sale of Thrift Stamps
and War Savings Certificates in the
Eighth Federal Reserve District. This
will necessitate considerable reorgani-
ration to conform with the geographi-
cal lines Of the Eighth District. Here
tofore the Thrift Stamp and War Saw
tngs campaign has been carried on
through state directors, without regard
to the geographical lines of the dis
trict.
Fourth Loan Supersedes War Savings.
Mr.. Wells stated that 1t was too
early to announce definite plans, but
that the work of reorganization will be
taken up at the close Of the Fourth
Liberty Loan campaign. He further
stated, however. that it is absolutely
necessary that any aggressive selling
campaign Of War Savings Certificates
cease from now until after the close
of the Fourth Liberty Loan campaign.
The War Savings county and city
organizations are requested to cooper
ate with the Liberty Loan Organiza-
ton, In order that the campaign may
be successful and that there may be
no confusion in the two selling move
ments. Advertisements, public meet
tngs and all campaigns for the aggres-
Sive sale Of War Savings Certificates
must be discontinued temporarily, in
order that all energies may be duly
employed In the sal>N Of Liberty Bonds.
In FAC, hereafter the txa organiza-
lions will be closely related under one
leadership.
Mr.. Wells stated that at the earliest
possible date due notice of his juris-
diction will be given to all War Saw
fngs workers, but requests in the in
term that this statement be given due
publicity in the Eighth Federal Re
serve District and be accepted as his
official statement.
Cooperation Assured.
The state, county and city chairmen
Of the War Savings organizations have
been exceedingly helpful in instilling
in the minds of the people the ne
cessity of saving for the benefit of ou1
nation. A tremendous amount Of these
securities have been sold, and the
leaders of the War Savings Organiza
tion are deserving of great praise. Il
Is hoped that in the reorganization the
good work viii continue and that the
services Of large part of this OF
ganization may again be available.
Mr.. Wells was asked if this meant
that no Thrift Stamps or War Saving:
Certificates would be for sale during
the Liberty Loan campaign.
"Emphatically no." replied Mr.
Wells. Thrift Stamps and War Saw
angs Stamps can be purchased as here
tofore, but all public solicitation mus
cease during the conduct of the Lib
erty Loan campaign. The importanc,
of the sale of Fourth Liberty LOAF
Bonds cannot be too strongly empha
sized. Six billion dollars for our ma
ftun Is a tremendous sum Of money
and $3.50. 100000 for the people of tn
Eighth Federal Reserve District Ia
correspondingly heavy loan. Success
can only come through the co-opsrs
ton Of all. 1t is therefore vitality nee
essary that there should be but on
aggressive campaign during the p44io
Il the Fourth Liberty Loan. The greal
ee need Of our nation must take precs
dSuceo