The Birmingham age-herald., 1918-09-07
LOAN WITH PEOPLE

Mir. Wardlaw, during the course of
 his statements and explanations, stated that it was the intention of the govern
 ment to place the bonds of the forth coming loan with the people in so far as
 possible and to call on the banks to con
 tribute only to the extent of the failure
 of the people to take the bonds. The
 banks, he said, were heavily taxed in
 taking care of certificates and other war credits, and the government wanted to relieve them of the burden of carrying fourth Liberty Loan ponds in so far as it is possible could do so. Mr. Wardlaw presented the plan of or ganization and campaign as outlined by the district committee, which, he said, was based largely on the Minneapolis plan, the most successful of all in past
 campaignss The card index system was stressed by MT. Wardlaw as one of the most effective methods of selling bonds, and of reaching all who are able to buy bonds.
 Field Marshal J. Frank Rushton of the Birmingham allied armies explained the scheme of organization and told of their success in putting Birmingham over in all past campaigns. He stated that the card system had never been adopted here for the reason that they had not found it practicable to do so, partly on account of the large shifting population. From four armies covering the city in past eampai gns, MT. Rushton explained,
 the number has been increased to 10 ani in the fourth campaign will cover the entire county.
 Alex E. Walker, manager Of the Bir- minghan branch reserve bank, discussed the reserve system, stating it had been the salvation of the country since the United States entered the war Under the old banking system, through which Wall street controlled the money of the country, panic would have followed the declaration of war, he said, and the government would not have been able to finance the war. He strongly advised all banks not now members of the reserve system to join it, saying that the ad- vantages to be gained thereby would more than offset the disadvantages and that such action on their part would en- able the government to mobilize the en- tire money resources of the country. J. H. Cranford of Jasper stated that his bank is still carrying bonds pur- chased by several hundred persons in the first loan on which they had made an initial payment of 5 per cent and bor- rowed the balance. depositing the bonds as security. He said that he dld not have their addresses and could not com
 
 Walker county, he said, held large num- bers of the bonds under similar condi- tions, and as they did not feel ike pay | ing the postage necessary to send mo- tices to the owners they wanted to know what to do in the matter. | Mr. Wardlaw infromed him ana some of the other bankers present, who stated l that they had made loans similar to l Lose reported by MT. Crawford, that they | had the right to sell the bonds after { reasonable length of time, charge the amount of the loan against them ana to hold the balance for the owner. WOMEN TO AID | Mrs. Solon Jacobs, state committee of the woman's fourth Liberty Loan com mittee attended the meeting and assured MI. Wardlaw and tine zone and county chairmen tha the womans committee throughout the state would cooperate
 with the men in selling the bonds. The zone and county chairmen and bankers present were: l Albany zone, Thomas A. Boyles, chair man: Morgan, Clyde Hendrix; Limestone Rev J. D. Simpson; Lawrence, A. F. l Rebman, Jr.
 man: Calhoun, w. r. Johnston; Tallade- ! ga T. K. Dixon and S. F.. Mcdonald; l C,eburne. J. AI Atkins; Randolph, J. R. 1 Hollinger: Clay, T. R. Bell and A. F. Smith.
 Birmingham zone, J. D. Moore, chair man: Blount, A A. Fendley; Cullman k. I 10. Lee: Jefferson, Murray Brown; La mar W. w. ogden; Marion, J. C. Stall cup: Shelby, w. F. Davis; St. Clalr, ". l N. Maddox and Sam High; Walker, J. H. Cranford; Winston, Judge John s. Curtis.
 Florence zone, N. c. Elting. chairman; I.auderdale, P. R. Jones; Franklin, pr. J. M Clark.
 Gadsden zone. T. s. Kyle. chairman; E,towah. l.. Loveman and Oscar Noojin; Marshall, w. c. Rayburn; Cherokee, c. P. Smith.
 Huntsville zone. R. E. spragins, eaair- man, Huntsville
 Tuscaloosa zone, Frank M. Moody, cha irman; Pickens R. M. Pooley; Greene. B. B. Barnes; Bibb, L. Melton; Hale, k B. Evans.
 c R. Bell, Anniston. c A verbeck, Gadsden. F. w. Brandon, Gadsden. McLane Triton, Pell City. w, l.. Christian. Columbiana. George Stiefelmeyer, Cuilman. l.. N. Majors Montevallo. R. L. Halcombe. Calera. J. E. Haffner, Bessemer. O. D. Dupree. Attalla. Mir. White, Moulton. Field representatives, E. s. Myers, D. J. Bromley. Earl Lay. ~ \ "a