Baxter Springs news., 1918-02-22
HUGE ADVERTISING
CAMPAIGN LAUNCHED
Government Launches Big Lib
erty Loan Drive-Financiers
To Discourage Demand
for Capital

view lOTk, rcD. <O-DeChuhc IL w
expected the third Liberty Loan will
be "of tremendous size" a proportion
ate effort is being planned to insure
its overwhelming success, II was an
nounced by the Liberty Loan commit
tee here today.
A feature Of the coming drive for
Liberty Dollars" will be one Of the
most intensive advertising campaigns
in history, It was stated. This will be
imperative because Of the great va
riety of demands upon public atten-
tion at this time.
A special cndeavor will be made to
have users of newspaper and other va
rieties of advertising, who. assisted
generously in the first and second
Liberty Loan campaigns, contribute
still greater allotments Of space, the
committee announced.
Keep Down Demand for Money
Washington, Feb. 20-Financial
and commercial interests have given
hearty support to the governments
program for voluntary regulation Of
big capital expenditures, Paul M.
Warburg, chairman of the federal re-
serve boards capital issues committee
said today in a statement containing
the first official summary Of the COM
mittee's work since its organization
several weeks ago.
He cited resolutions adopted by the
governing committee of the New
York Stock Exchange, the League Of
Kansas Municipalities and the Rich
mond (Va.) Real Estate Exchange as
examples of support, which he de-
scribed as most encouraging"
The action of the New York Stock
Exchange in requiring the approval
Of the capital issues committee as a
condition for the listing of new capital
issues, said Mr.. Warburg, indicated
that the government would rely to u
great extent on the support Of finan-
tial interests without compulsory leg
iSlation.
The Kansas League of Municipal
tiles urged that cities during the war
undertake paving and other public
improvements only if they are immed-
lately necessary. The Richmond Real
Estate Exchange suggested that the
President and Secretary McAdoo ap-
peal to governors to have state and
local officials curtail improvements
wherever possible to conserve capital
Tor the war.
Somewhat less than fifty formal ap-
plications for approval of proposed
securities issues have been received by
the committee, but many informal re-
guests and inquiries have been made.
In scores of cases the committee, after
consultation with it's advisory body,
heard by Allen B. Forbes, has asked
for more information on contemplated
issues and is awaiting further details.
No announcement is made of actual
apprOvals or disapprovals given.
The committees policy on applica-
tlons involving the renewal of matur-
ing obligations, Mr.. Warburg explain
ed, has been favorable, and q similar
attitude has been displayed in dealing
with the funding of banking debt in
Cured before February /.
In road construction, the committee
has been moved primarily by the con-
sideration of whether these roads are
OF either military or economic import
snce and whether the results of the
new construction may be expected
within the present year.
For extension Of electric power
plants, the committees action gener-
ally has been favorable, since it was
felt that the power would be used
primarily for purposes connected with
prosecution of the war.