The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1918-10-04
INLAND EMPIRE COMING THRU
WITH LOAN SUBSCRIPTIONS
Spokane Moving for an Aerial Mail
ROute-New Scheme to Conserve
Money.

ton is aroused on the Liberty Loan
drive. Long before the actual cam
paign began several communities
went over the top with extra sub
scriptions. Never before has such uni
versal interest been aroused in a pub
| lie movement. Parades, mass meet
ings, sermons, newspapers, billboards,
| four minute men-all famed the in
terest until solicitors found their work
easier than ever before, despite the
fact that bigger sums were being ask
ed.
at is a magnificent showing" said
George p Hardgrove, loan director
for eastern Washington, who also re-
ceives reports from northern Idaho
and western Montana. "The loyalty
of the people of the Inland Empire
is reflected in this response. 1t is the
most tremendous demonstration of pa
| triotism ever witnessed.
"This liberality and cheerful out
pouring of funds is all the more re-
markable when we remember that the
| Inland Empire has had little income
| from the war, but on the contrary,
nearly all of its communities have
been drained of money and men thru
enlistments, the draft and campaign
after campaign for the numerous war
activities and patriotic funds"
900
The trade acceptance is steadily
gaining ground among business men
Of the northwest, replacing the open
book account and furnishing a liquid
asset in commercial transactions.
Manufacturers and jobbers were first
to take up the new idea though many
of them still hesitate over the inno-
walton. That the use of the trade
acceptance will extend rapidly is the
prediction of bankers who are watch
| ing the trend of events. They sec
war activities daily making it more
important that the selling end of
merchandise transaction has more i'm
mediate capital for use. Under the
open account the sellers money is tied
up 80, 60 or 80 days, while under the
trade acceptance he has immediate
use of the money and the bank carries
the burden as it properly should.
In brief the trade acceptance is a
negotiable paper passing between buy
er and seller for goods purchased,
The operation is simple: A retailer
buying a bill of goods, merely writes
the name of his bank, the date VIII m
he wishes to pay and his name across
the face of the paper which in itself
attests to the purchase of goods to
the amount noted thereon. The ac-
ceptance is then returned to the whole
saler who also signs it. 1t is then
eligible for immediate discount at the
bank.
In France the trade acceptance, be-
sides its familiarity in the jobbing
trade, is used by thousands of re-
tailers in transactions with their Gus
toners for amounts often not exceed
ing one dollar.
War activities have drawn heavily
upon the population of Spokane dur
ing the past year. Thousands of
young men have gone into service and
thousands of other persons have been
attracted to coast cities where high
wages prevail. And yet the report
of school registration on the first of
September this year shows an increase
in pupils of 1873 over the record on
September l a year ago. Spokane
boosters point to this fact with much
pride, declaring it shows an increase
in the permanent class of citizens
during the most trying times.
600
An aerial mail service, connecting
Butte, Missoula, Spokane, Ellensburg
Seattle and Portland, as a link of the
first northwestern chain, is proposed
in action taken by the Spokane Cham
Der of Commerce and now under con-
sideration by the city council. 1t is
the confident belief of the promoters
that the government will soon extend
the aerial mail service thru to the
Pacific coast. Data on the advantages
of the northwestern route is to be as
sembled for presentation as soon as
the government is ready for it.
The city council has been asked tC
build a municipal hangar in the up
river park, the building to be CONTROL
ed by the park board. Such han
gar would afford landing place fol
transoontinental air machines anC
would be a consideration in the loca
tons for air mail service. The gov
eminent has announced desire t.
have hangers located every 100 mile!
across the continent on approved
routes. Air mail service is now car
ried on between Washington, New
York and Chicago. Extension from
Chicago to Minneapolis is being con
L