Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-03-13

Definite announcement Of the details
of the Victory (ffth) Liberty Loan was
made today by Carter Glass, Secretary
OF the Treasury, to the Philadelphia
committee from the Third Federal Re-
serve Bank District which will conduct
the drive in this city from April q 10
May 10, inclusive.
The loan Ia to consist OF short-term
notes, payable in not less than one nor
more than Ave years. The rate of in
terest. while as yet undetermined, It is
understood. will be not less than Az
per cent Congress has authorized the
floating OF s7OOO.OoO.OOO. but 1t is un-
derstood that the issue will be for
$1,000. 900. 900 the Treasury Department
reservirg the right to accept all over
subscriptions.
Elaborate plans for floating the loan
here are being made by the Philadelphia
committee. 1t has been suggested that
President Wilson's message on the open
tlg of the drive be received in Inde-
pendence Hall and that the Liberty Bell
be rung and its peal conveyed by micro
phone t. all parts of the country. az
one of features Movies. new and
striking osters. full-page newspaper ad-
vertisements, speakers and decorations
and special exercises are included in the
program.
Secretary FayOrs short-Term Note,
In his statement. Secretary Glass de-
clares that he farors short term notes
because he believes that the notes will
remain at about par urter the campaign
is concluded. for more readily than
would longer term issue"
The sentiment that must prevail TO
make the loan n success was emphasized
by George Wharton Pepper, at meet =
ing Of the Chairmen held in the Belle
-Stratford last night
In full accord with the opinion Of Sec
retary Glass. John r. Mason, director
OF war loan organization. conceded that
the victory Loan cannot he put over on
q strict business basis. but must depent.
for success upon the patriotic enthusiasm
of the American people. This enthus-
asm can and will be revived before the
loan campaign opens, Mr.. Mason pre-
dicted.
An estimate that rehabilitation alone
would cost the nation s2,7OO,O0O,OO was
furnished by Richard +. Norton, asso-
ciate director Of loan. This is one argu-
ment for the success of the Victory
Loan. Mr.. Norton told the workers
that there must be an abnormal amount
of speaking and publicity work to pro-
pare the way for the loan campaign. 1t
was Americas preparation which caused
the German army of 1000, 900 men to
lay down their arms without the enemy's
foot having been placed on German
soil, he said. The Victory Loan Is tC
pay for that preparation.
Novel Features Promised
number of novel features 10 AZ.
tract public interest to the loan cam.
paign were disclosed by Gilbert f. Gable
director of publicity. II the present
plans are carried out, either Pres!den
Wilson or General Persh!ng will, on the
eve of the opening Of the campaign seno
radiophone message from the Eifre
Tower to Washington. This will be q
100-word appeal from the American
armies 20 the American people urging
success for the loan.
Secretary Glass, who will likely re.
ceive the message. will in turn relay Il
Immediately through master phone tc
sixty cities, in each OF which 100 Llbert
Loan leaders Will be assembled TO re,
ceiVe II, ana 10 pass II on to their loar
organization.
The plan suggested for Philadelphia
IL TO have the loan chiefs assembled &c
receive the message in independence
Z Hall. Immediately upon its receipt the
Liberty Bell will be rung and its pea
will be conveyed by means of microphont
10 all parts of the country over specia
I telephonic service.
A particularly elaborate newspaper ad
vertislng campaign will be feature GU
OF 1l5 pieces of advertising accepted fol-
the national campaign, 1O4 were Origi
mated by the Philadelphia publicity or
xanlzation