New-York tribune., 1919-05-14

pany of New York, is director of the
War Loans Organization. He is re-
sponsloie to the assistant Secretary of
the Treasury, Mr.. Lefingwell. The
head Office organization has publicity,
speakers, organization, sales, war saw
ings and Treasury certificate divisions.
The same outline Of organization was
followed in each of the Federal Re
serve Districts of the country, the
governor of the reserve bank being
the nominal district head. Usually
the real district manager was some
live wire business man with time
to spare, who was chairman of the ad-
vlsory committee. He may have had
a nominal salary of s100 or $500 o
month, but he gave time that was
worth anywhere from $1,000 to $780,
600 a month. Then states and coun-
ties were similarly organized down the
line, with an executive committee and
directing chairman in each political
subdivision.
Many general campaign ideas and
supplies were the same all the way
through the organization from top
to bottom, but the different regional
managers had schemes, devices and
tricks of their own.
Anyway. it is conceded that they
stirred the depths of the American
bank account, the stocking and the
bureau drawer as they never were
stirred before.
Most of the volunteer workers in
New York, who constituted the larger
part of its personnel, have already left
their jobs, and by July I, it is ex-
pected that no trace of the organiZa-
tion will be left
In addition to the volunteers are
about 700 paid workers, stenographers,
clerks. publicity men, advertising men
and executives. In accordance with the
rules Of the Treasury Department, they
are paid on the first and the fifteenth
of each month, and tomorrow many
of them will get their last checks. By
the first of June two-thirds of the or
ganization will be demobilized. A skele-
ton staff, to compile records, statistics
and reports, and to issue publicity for
War Savings Stamps, will remain a
month longer.
The Federal Reserve Bank. which
controlled the loan organization, is
seeking jobs for the departing workers.
The head of each department has been
instructed to make a report to Shep-
herd Morgan. comptroller of the organ
tions of the members of his staff who
have not found positions. 1t is ex-
pected that the leaders Of commerce
and industry who form the Advisory
Trades Committee of the Rainbow
Division will find places for many of
the loan workers.
The government loan organization
occupied two full floors of the Equitable
Building, 120 Broadway, and overflowed
into other buildings. Its largest branch,
the advertising department., had head
quarters in the Fatiron Building.
At the head of the organization was
the Liberty Loan committee, consist
ing of Benjamin Strong, governor of
the Second Federal Reserve District !;
James S. Alexander, George F. Baker
Allen B. Forbes, Walter E. Frew
Gates W. McGarrah, J. P. Morgan
Seward Prosser, Charles Fl. Sabin. ia
cob H. Schiff, Frank A. Vanderlip
Martin Vogel, James N. Wallace, AL
bert H. Wiggin and William Wood
ward
Arthur NJ. Anderson was director OF
the government loan organization in
this district. Guy Emerson was vice
director in charge of publicity and
war savings. George W. Hodges was
vice-director in charge of sales, and
Mrs. John 7. Pratt was vice-chairma an
in charge of women's activities. The
women's branch, composed almost en-.
tirely of volunteer workers, ran mos
Of the Liberty Loan booths.