The Birmingham age-herald., 1919-04-21
HOUSE-TO-HOUSE
 CANVASS ID PUSH
 THE VICTORY LOAN
Prospects Bright for Rais- ing Huge Amount-Ten Per Cent Cash to Be
 Required
By Assoeiatsd Press


 Washington April 20.-House to
 house canvassing methods will he em- pIoyed by many co mmunities tomor-
 row in effort to rnisc their quotas for the Victory Liberty Loan on the opening day. and to leave the rcmsind- CT of the three weeks for piiipE up
 over subscriptions. This method. devel-
 oped to n highly perfected state by
 hundred or more cities and towns dur ing the fourth Ionn campaign. has been adopted by many moro loan organiza- tions for the Victory drive, and can- wasting committees have been drilled tomorrow.
 Reports to the treasuy today were uniformly to the effSct that prospects for raising the huge loan of s4,5o0,o0o,- G0e were bright and that preparations had been made to push the work to the
 utmost during the first week or 10 days. Many cities held loan demonstrations today, although subscriptions will not be received formally until tomorrow. Until the middle or latter part of the week the treasury hopes to have the first definite reports on the volume of pledges. These reports, however, will
 run three or four days behind the ac-
 tual progress made.
 In the official circular describing the | loan, issued today by the treasury. it was explained that although the fed- | eral reserve banks are the only recog- nized official agencies for subscriptions | to the loan, the Secretary of the Treas | ury appreciates the efforts of unoffi- 1 cial agencies.
 l BANK TO AID
 | Large numbers of national banks. state banks and trust companies in- vestment bankers, express companies. | newspapers, department stores and oth- ! CT corporations, firms and organiza- | tions" said the circular ''haye patriot
 ically offered to receive and transmit applications for the notes without ex- | pense to the applicants. The Secretary of the Treasury appreciates the value 1 of these offers and will have applica- | tion blanks widely distributed, through l the federal reserve banks to these in- 1 stitutions throughout the country. Sub
 scribers' agencies must transmit or ] cover by thei rown subscriptions all l applications received by them. In the l latter case they must specify the num- | Der of subscribers and the aggregate ! amount of news subscribed for by each. | and furnish such further information as may be prescribed bN the Secretary
 of the Treasury. sAl
 ! No commissions will be paid upon subscriptions, and to thise who receive | and transmit application are therefore l rendering the service to subscribers as 1 a patriotic duty. Only the federal re- | serve banks are authorized to act as ' utq n l connection with the operations of sell l ing and delivering notes of the Vic | tory Liberty Loan"
 1 Individual subscriptions for amounts up to $10,000 are to be allotted in full | but those over that amount are subject l to pairing down in case the loan is over-
 subscribed Warning was given in the circular today that if any interests split | up their subscriptions into several of $1O000 or less. the treasury reserves 1 the right to combine these subscriptions
 and make the allotment on the aggre-
 gate, Allotments will be made before
 June 30.
 TEN PER CENT REQUIRED l Applications must be accompanied l by payment of 10 per cent of the
 amount of notes applied for,p said the circular No payment other than the 1 10 DOT cent required upon application
 should accompany any application for i an aggregate amount of notes in exr i cess of $10,00O. Applications for an az 1 gregate amount of notes not in excess | of S10. 900 may at the option of the /, subscriber, he accompanied by payment | in full, at face value without interest
 The subscriber should indicate on the application blank whether coupon 1 notes or registered notes are desired. l If no preference is indicated either | coupon notes or registrede notes may be delivered. All applications will be
 deemed to be for notes of the K per cent series except applications speci- flying notes of the & per cent series, but the subscriber may. nevertheless. at any time before completion of pay ment, by notice in writing, elect to re- ceive notes of either series in the nrsr l instance"
 The circular discusses that the right ! is reserved by the Secretary of the Treasury to close the books for ac- ceptance of subscriptions at any time
 before the end of the campaign, if the rate of subscriptions should warrant
 this