The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-04-17
BUYERS BEGIN
TO CLAMOR FOR
VICTORY BONDS
Outside Concerns and Local
Business Men Will Buy
: Quickly and Terms on Loans
Will Be Made Liberal.

The Continental Gin company from
the headquarters in Birmingham, Ala,
wired its local branch to purchase &c.,
600 worth of Victory bonds Friday.
The subscription was assigned TO the
cotton division of the sales director,
Joe r. Hyde. This is the first out-of-
town concern to express intention Of
buying substantial amounts of Victory
bonds. The subscription was an
nounced by H, w. Brooks. local man
ager.
With thu return of John ]. Heflin,
chairman for Shelby county in the
victory loan drive, which commences
next Monday, after a conference with
loan campaigners in st. Louis active
work Of assigning solicitors for the
work was redoubled Friday.
Expressions were heard on all sides
roicing confidence that the Shelby
quota Of $9,654,500 would be duly put
ever in week or less according to
the strenuous plan outliped by Joe r.
Hyde and his workers In the sales di-
vision.
Besides the subscription Of the Con-
tinental Gin company other applica-
tions from bankers, financiers and cap
ttalists commenced to come In and
investing early in the campaign.
Cotton Quota Assured.
The biggest division of all, the cot
ton division, through It's committee,
has assured c, w. Butler, assistant
100000 will be raised in less than two
days.
Henry C. Loeb, of B. Lowenstein
and Bros, Inc, breezed into head
quarters and offered to>bet C. w, But
Ter new hat that the retailers ouotp
OF $750,000 would be in the hands 6f
the sales division at headquarters with
In two days after the campaign opens.
Charles Albright, chairman Of tho
druggists division, frankly told the
leaders at headquarters that at meet
ing Wednesday night enough was given
In the way OF assurances on the part
OF druggists that the quota of $250000
would be knocked out" as Mr.. AL
bright expressed, on Monday. One day
Will be enough, alb the druggists agreed,
was Mr., Albright's cheering report.
Abe Plough Is assisting Mr.. Albright
with the druggists solicitation,
At meeting of the Memphis Clear
Ing House assoeiatlon Thursday aft
ernoon plans were under discussion to
make loans on Victory bonds and ia
specify the terms.
1t is believed that terms to Victory
bond buyers VIII be made by the banks
that VIII enable buyers to purchase
bonds without putting up the securities
for collateral on loans, Effort on the
part of members of the Clearing House
association, 1t is said, will be> made
to make loans as near as possible the
coupon rate Of AZ per cent.
Such an announcement, If 1t does
come, viii make the raising of the
county's quota much easier task
than IL would be otherwise.
S. f.. Ragland, John D. Mcdowell,
g. P. J. Mooney. r. Brnkley Snowden
and John j. Heflin, directors in the
federal reserve bank, returned from st.
raising the amount assigned to the
county in the first week, H. S. Gard
ner, director Of publicity, and others
connected with the district headquar-
ters for the loan, were loud in the
rraise of the Memphis method Of MAX
ing the solicitation and expressed will
ingness to aid in every way ip. putting
the campaign over. Local bankers are
unit In their endeayor to make the
loan terms OF the new issue as liberal
J as possible so that the job can be
finished and out Of the way with az
little time and inconvenience as such
task can be done.
The wholesale division, grocers, brok-
ers and dentists, all held meetings
Thursday and at each gathering sub
committees we're named and work out
lined to commence bright and early
Monday morning.
Dabney Crump, director Of sales In
the rural communities Of the county
was busy Thursday assigning quotas
to the various communities In the
county.
The women of the county outside oi
Memphis pledged their services for the
coming week at a largely attended
meeting at the Chamber of Commerce
Tuesday morning. The women will
make q house house canvass and
their efforts will aid in great measure
to fill the $1,000, 900 quota assigned tc
the women. q
Charles Apostolos raised the pledge
of the Greeks of Memphis from 5000
to $40. 900 Thursday and promised that
the subscription would all be In early
in the coming week.