New Britain herald., 1918-02-25
WORKLESS MONDAYS
 AND LIBERTY LOAN
Owners Of Bonds Not Forced to
 Suspend Payments

Boston, Feb. 25.-The percentage l of persons who bought Second Lp- ertv Ronds on the partial payment plan. and who have been obnged to ] discontinue payments, is surprisingly small The impression that heatlesS and vork1ess Mondays caused a large nurnber of purchasers to stop pay l rnents on their bonds is not borne out b,, facts learned in an investigation, , the results of which are just report ed by the Liberty Loan committee of New Engand.
 Inquiries were made of several hundred corporations asking the number of subscribers and of de- faulters to the first and second loans on the partial payment plan. Replies have been received from S12 cor porations The results show that for the entire New England states only five and one-half per cent of sub- scribers to the second loan have de- faulted in their payments, as com pared with nineteen per cent who de- faulted in the first loan-
 Maine, with forty-three corpora tions replying, employing 14,033 per sons, reports that 1902 subscribed to the first issue of bonds, or eleven per cent of the number of workers. Thir- teen per cent defaulted. The same corporations reported 5,134 subscrib CTS to the second bond or thirty-six per cent, with only six per cent de- faulting.
 New Ham pShire, with thlrty-One corporations replying, employing r. 716 persons, reports that to the first loan 1895 subscriptions were taken, amounting to twenty-three per cent, and seventeen per cent default ed. To the second loan 2.247 sub scribed, twenty-nine per cent of the workers, and only six per cent de- faulted.
 In Vermont fifteen corporations re- ported, employing 21, Al persons, of whom 2,09S subscribed to the first tloan, ten per cent, and nineteen per cent of those who subscribed de- faulted. To the second loan 2466 subscriptions were reported, eleven per cent, and only six per cent de- faulted.
 In Rhode Island 102 corporations reported, employing 55,00O people. Of these thirty-one per cent, or 16,S S17 persons subscribed to the first loan. Sixteen per cent defauIted. To the second loan the proportion of per sons subscribing fell off to nineteen per cent. Of these, however, only five per cent have defaulted.
 In Connecticut 232 employers have reported, employing 1,427, of whom 49,673 persons, forty-two per cent, subscribed to the first loan. Defaults were made by eighteen per cent. To the second loan 3S,674 persons sub scribed, thirty three per cent, and the defaults have only amounted to six per cent.
 In Massa chusetts 39 employers re- ported, employing 10,356, of which twenty-eight per cent or 53,100 per sons subscribed to the first loan. Of these tWenty-One per cent defauited. To the second loan 54, S73, or twenty nine per cent, subscribed and five per cent have defaulted.
 For the entire New England states SIP corporations, employing 404,974, had thirty-one per cent subscribed to the first loan, of whom nineteen per cent defaulted. To the second loan twenty eight per cent subscribed and one-half per cent of these defaulted.
 This is a most gratifying showing and quite effectually disposes of the theory that a large number of de- faults have been made because of dissatisfaction among the workers over the workless Mondays. It also indicates the advisability of contin- uing the partial payment plan during the third loan which is now ap- preaching.