New-York tribune., 1918-09-26
"Subscribe Early"
Bankers Urge Upon
Bond Buyers Here
Financial Heads Certain
City Will Get Its Quota
of $1,SOO,OOO,OOO
Out to Beat Germany
Present Teuton Loan Drive
Must Be Surpassed to
Back Up Boys"

Tho announcement Tuesday night by
Secretary McAdoo that the government
would call for $4,000 100000 OF sub
scyintions to IL. per cent Liberty
hoods. which arc to mature in between
sftecn and twenty years was regarded
hy the leading bankers as the state
men, Of 4 hard task, yet all confidently
rxprassed their belief that Americans
vould meet the new call cheerfully and
successfully.
Seward Prosser. president of the
Bankers Trust Company. struck a
fairly typical note, saying. every de-
cent man in New York City and else
where throughout the country will
Of this loan. The task Of raising the
quota allotted to New York is the hard
est ever asked Of any city or district.
bet patriotism and the realization of
the obligation due to the men who are
fighting the country's battles will put
tse loan over
Aexander J. Hemphill, chairman Of
me bosrd cf directors of the Guaranty
Trust Company. said:
New York is saddled with the great
est part OF the burden, but, rs always,
can be relied upon to do its patriotic
duty ard Will put its share Of the loan
ever.
Back Up Boys With Dollars
Walter t. F'rew, president of the
Corn Exchange Bank, said:
The amount of the new loan is
large. but the American people are pa
trotic to She core, end they also are
determined to see this war through to
a. finish. They realize that the only
way to DO this is TO back up our gov
ernmen1 4rd our boys at the front
with their dollars; and in this case.
as With the preceding loans, the money
asked for vii be forthcoming.
New Works quota is large one, but
il will be subscribed. in my opinion.
are the best in the world. All the re-
sources OF the country are behind them
and no better security could be had
Otto II. Kahn, of Kuhn, Loeb < Co.,
said:
The question whether the fourth
Liberty Loan will be a success is just
as superhuous as asking if we are go
ing 10 oe victorious in this war. OF
course we are going to .be victorious,
because we are going to put our whole
power into the struggle and are not
going to stop until victory is won; and
OF course the loan is going to be a
success. because The American people
are going to put all their power and
effort into making it So"
Mast Surpass Germany
Theodore E. Burton. former United
States Senator and president of the
Merchants National Bank. said:
"Liberty Loan subscriptions begin
September %. Germany commenced a
loan campaign September 23, five days
earlier, Our soldiers are competing
with the Germans and doing noble
work in France. Let us show that we
can compete in tie financial field with
Germany and surpass the Germans
quite as notably
AiTin ". krech, president of the
Equitable Trust Company, said:
"While the fourth Liberty loan is
the largest ever put out by any gov
eminent. it will be success. The
American people do not measure their
patriotism in dollars, and they will
gladly furnish the government all the
money it needs to win the war. That
IS all that really counts just now All
persons realize it. and will do what
they can to help"
Lewis t. Clarke, President Of the
-'''' 'N~H I>ASudlSt NdllOldl Dunn.
said:
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The terms of the loan are eminently
satisfactory and should be attractive
to every one. The New York quota
should be filled promptly, and there is
no doubt but what it will be filled
People should no. wait until near the
end of the campaign; they should make
their subscriptions at once. to give the
loan great push at the start"
George c. Van Tuyl, president of the
Metropolitan Trust Company, said:
The fourth Liberty Loan is going
10 be put over 1t is the first security
IN the world, and at this time every
body is encouraged and enthusiastic
over the war, New York will meet it's
quota, and there is no doubt the en-
IRE issue will be subscribed. and prob-
ably overs subscribed. Experience shows
that each succeeding issue is easier
10 sell than those that preceded it. 7
wouldn't say that the people are get
ing educated to buy bonds in general
mt their enthusiasm for Liberty bonds
Increases with every issue, and the
'enio nll be true TO greater extent
this time
James Spever, of Speyer e. Co.. said:
u am sure that every American citi-
zen realizes the Importance of sub
sserbing to the new loan, and I be
we've it will be as great a success as
the previouS Liberty loans wore -