New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-01
Telling the People Liberty
Bonds Are Fighting Instruments
Managers Of the Third War Loan Plan to Make Ever,
Man, Woman and Child in This District Realize
That America Needs Their Savings

third Liberty Loan, and that in
subscribing the Individual is aiding
the conduct of "our" war.
The personnel of the local organi-
cations which will comprise neigh
bors Of the residents of every sec
ton will stress this attitude toward
the campaign. And this is one Of
the primary aims Of the Liberty
Loan Committee, which is a group of
distinguished tinanciers appointed by
the Treasury Department to direct
the people Of this district in their at
tempt to subscribe their allotted quota
in the new loan.
Preparedness marks the condition
of the Liberty Loan Committee and
the vast mechanism under it. The
workers have been devising ways
and means of handling the third
great financial war drive ever since
the end of the second Liberty Loan
campaign. With the experience
gained in the first campaign and the
opportunity to perfect the organiza-
tion which the past months have al
/ lowed, the Liberty Loan machinery
in the Second Federal Reserve Dis
trict is thoroughly oiled and fit.
The problems of the forthcoming
drive have been studied by financial
generals, whose services expressed in
terms of money are virtually inval-
liable. Some of the greatest leaders
of American finance have pooled
their intellectual resources in devils
ing ways and means of making the
third Liberty Loan campaign an un-
questionable success. Services, which
in the aggregate, no single private
. concern could afford to purchase,
have been enlisted without financial
compensation to motivate the Treas
ury Departments undertaking.
Loan Managers
Nations Best
Even to the stranger to Wall
Street the names of the members OF
the Liberty Loan Committee carry
associations of important achieve
ments. Such men as J. P. Morgan.
Jacob H. Schiff, George F. Baker
and Frank A. Vanderlp are COM
mittee members and work around
the same table at the Liberty Loan
headquarters with Charles S. Sabin,
James S. Alexander, Allen B. Forbes,
Walter E. Frew, Gates W. McGar-
rah, Seward Prosser, Martin Vogel
James N. Wallace, Albert II. Wig
gin and William Woodward, who are
their associates. The chairman of
this committee. who acts as their
spokesman in public statements, Is
Benjamin Strong, Governor of the
Federal Reserve Bank.
If these men draw a salary from
the government of $4,000 year
each they would cost the nation
three-quarters of million year.
And it is certain they would not con-
slider that remuneration adequate if
they took up the work on selfish
instead Of a patriotic basis. j. P.
Morgan, Jacob H. Schiff and Allen
B. Forbes each head private banking
enterprises of more than half a bill
ion each. And George +. Baker,
chairman Of the board of directors
Of the First National Bank; Seward
Prosser, president Of the Bankers
Trust Company, and Albert H. Wig
gin, chairman Of the board of the
Chase National Bank, are in the one
third-billion class.
And if salaries were paid to the
workers the pay check would rapidly
multiply, if all the hundreds who are
cooperating with the Liberty Loan