Every evening, Wilmington daily commercial., 1918-09-26
INDUSTRIES LINE UP
FOR LOAN DRIVE
Clearing House Association to
Aid Buyers OF Big
Bonds.

The industries of Wilmington and New
Castle county got together at Liberty
Loan Headquarters yesterday afternoon
and completed their organization Tor the
campaign.
Harlan G.. Scott, captain for this unit.
told the workers what WAS expecteu OF
them. and urged them to make the drive
loo, Only one week. instead of the three
weeks. He urged the necessity for thus,
showing why. IL the work here was com :
pleted in n week time, 1t would aid
business of all characters.
He explained to the workers that tue
committee stood ready to render every
assistance possible 10 the workers ana
their teams, and referred to the various
plants. In this connection, he explained
the Champions Today" flag, which was
the idea of Wilmington manufactures
10 stir up interest and cnthusflSih hifioiiS
workers. He said:
AN officer of each manufacturing COM
many in New Castle county, employing
20 or more persons IS requested to certify
io an average DAYS wages of the week
cnding~ScptcmhCr -.
"Thc company reporting the largest
total subscriptions, IN relation to tins
certified amount nj the close ot each day,
will III, champions for that day and en-
titled 10 fly during the next day the flag,
"Champions today. Fourth Liberty Loan.
''For instance. If company having
daily wages of> 81 900 secures subscrip-
tions for that dav Of $1,000 IT will, of
course. have rating of hVc tuncS It's
wages for the competition. IN honor
committee has been appointed to care Tor
this contest. and reports from committees
of the various plants should he made at
hcaduuarters before 10 o'clock each
morning.
John Il. Owens was called upon to
explain tho partial payment cards and
ot her technical features of the campaign
lie too. impressed upon the industrial
heads the necessity for subscriptions
carly. and particularly IN seeing that each
and every man IN m industry dld ms
part bv subscribing
John : Rossell, president Of the 50
curitv Trust and safe Deposit Company
made = report for the Clearing House
Assassination regarding the manner ~
which the banks. IN addition to providing
the Liberty Bank for partial payment
h,lyers. is 10 aid those who wish to buy
bonds Of large amounts, and also those
who wish to huv tho bonds outright
through borrowing the money from bank
The Clearing House Association con
sidercd the project Yesterday and adopted
this resolution
Resolved 1hnt the Wilmmgto on
Clearing House Association recommends
that. in order to assist in floating tho
Fourth Liberty Loan. ali member banks
loan to subscribers in sums OF $1,000 til and
upward 90 per cent Of their subscriptions
nj the rate OF IA per cont for the first
Guarter. "a per cent for the second
quarter, and at the current local rate there
after. all such loans 10 bc paid IN full
within one wear
Captain Scott referred 10 the neces-
sitv for each man subscribing IN proport~
ion to the amount he made. and said
that literature explaining this plan would
bc ready for circulation among The plants
this week. This scheme has been
figured out bv expert statisticians and
approved BY labor leaders and the Third
Federal Rerserve officials.
Henry F. Scott, chairman for New
Castle county. was able 70 throw con
siderable light on the perplexing dctalis
Of the loan campa ign. answering questions
hat were in the minds Of the workers
Henry TstnalI explained details
necessary to keeping accurate records
OF sales.