The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1918-04-06
FIGURES ON LOAN
WILL Be HANDLED
AS IN ELECTION
Smooth Machinery Is
Ready for Third Campaign,

WASHINGTON, April 6-Maehin.
cry for gathering and reporting the
millions Of subscriptions TO the third
Liberty loan was in smooth working
order when the campaign opened today
on the anniversary OF the nations en-
trance into war. Campaign organizers
have perfected a system by which sub
seriptions today will be tabulated in
each federal reserve bank tonight, re-
ported 10 Washington and made public
there tomorrow. Delays and approSi-
nations OF the first and second loans
will be avoided, so that the nation may
know daily the exact progress Of lis big
money drive the day before.
National and state banks are the
principal original collectors Of sub
scription reports, since soliciting COM
mittees in most localities send their
signed applications Of subscribers 90
banks. At the end OF the day each
bank, or group Of local banks, will tele-
graph its reports to the Liberty loan
branch Of the district federal reserve
bank, and these in turn will report their
fluctuations 10 Washington,
How New York Prepares.
As an example OF the tremendous
task involved. loan directors point out
that the New York federal reserve bank
has rented two entire floors in a big
office building to accommodate the &C
countants and clerks required TO man
age Liberty loan reports.
This work accounts for a large part
Of the expense OF gathering posters and
pamphlets, and the engraving OF the
bonds, which has been under way al the
government bureau OF engraving and
printing for months. In addition, there
Is a multitude OF minor expenditures
connected with national and district
headquarters, despite the liberal dona-
tons OF service and materials by thou
snds Of patriotic workers.
Expense Is Light.
As compared with the usual J or 4
percent expense Of floating most private
securities issues, the appropriation for
selling the first Liberty loan was ITO
of | percent, or 100000, and the al
lowance for the second was Is OF | per-
cent or a little more than 100000 All
bills Of the past loans have not yet been
tabulated.
About $50 workers Of the campaign
are paid, and others Of the 10000 vol
unteer bond statesmen give their time
free. More than $500 public speakers
have been engaged to preach the merit
of the Third loan. Five hundred are
routed out of Washington, and the 9th
ers are directed by the speakers bu-
reaus Of each OF the twelve federal re-
serve districts.
Donations Worth Millions.
The donations of services and ma
%terials for promotion Of the loan runs
into millions of dollars value, cam
paign directors estimate. Printing com
panies have discounted heavily their ac-
counts for loan posters and pamphlets.
Newspapers, press associations, sign
board interests, music publishers, pho
nograph record manufacturers and 4
host Of others have agreed to give their
product to the government without cost,
or at less than their own expenses.
lhN pOntOlilNC uNpdl'ncil mas III
structed local offices TO deliver adver-
Using mail matter on the loan TO far
mers in every rural community. The
department of agriculture also is using
its hundreds of field agents as Liberty
loan boosters. War savings committees
will continue to sell stamps and certi-
~ficates since their cause is essentially
the same as that Of the Liberty loans.
and will cooperate in selling bonds.
Women throughout the nation have
been organized under the leadership Of
the Central Woman's Liberty Loan COM
mittee at Washington, headed by Mrs.
William G. McAdoo, wife Of the seere-
, tary.
The active manager Of the whole
campaign is Lewis B. Franklin, the
Itreasury's director of war loan organi-
ration. Frank B. Wilson is director OF
publicity, and Charles F. Homer 10