The Washington herald., 1919-04-20
1000, 900 WORKERS
AWAIT LAUNCHING
OF LOAN CAMPAIGN
CONTINUED ON PAGE FOUR.

@S e@N .e'e@ - - y
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parade at Cleveland. He will speak
at Cincinnati on the opening day Of
the loan.
The formal opening of the campaign
in the National Capital will occur
with a big demonstration on the
south steps OF the Treasury tomof-
row. with Admiral Sims as the
principal speaker
Movie Star Here.
Billie Burke popular movie star and
former Washingtonian. is further dis
tinguished by being the only celebrat-
the loan.
She will sell liberty bonds on the
steps OF the Treasury Department to-
morrow noon and is scheduled 10 take
trip in one of the displaying dirigi-
bles after her activities.
The New York Federal Reserve dis
trict will open its campaign Sunday
night at midnight with n speech by
Governor Smith. in Times Square. On
Monday New York will dedicate the
Victory Way. which has been turn
cd into a scene OF warlike triumph.
/ hung with war relics from the battle
| fields.
Secretary Glass yesterday received
/ a telegram from the Pittsburgh Trans
former Company saying that every
| employe of the company had sub
scribed TO the Victory Loan. This
was the first report received OF actual
| pledges.
+ A farmer near Dallas found a day
! old baby. and the city authorities
named it Victory V. Murray in
honor of the loan.
San Francisco will combine the
! opening of the loan with the triumphal
| return home of the 363d Regiment. of
| the Ninety-flrst Division. An official
| holiday has been declared. Portland,
! Ore, will open the loan with a flying
| circus and Seattle will feature a pa
| rade of school children. Los Angeles
i will stage a big military parade on
/ the opening day.
New England Plans.
/ New England will open the loan with
| a Practice what you preach" parade,
| headed by n central committee, the
| governor and mayor from the State
! House in Boston to Liberty court, on
! Boston Common. where every commit
teeman and worker will file his own
| subscription.
In Boston fremont street will be
christened Avenue Victorious" and
| it will be resplendent with 500 flags
of the allies. The buy early CAM
| paiEn will be conducted throughout
the New England district.
In Chicago the women workers will
| hold z o'clock breakfast Monday
morning and then get busy. A big
I coast defense ordnance train will be
exhibited in Grant Park and help TO
dedicate the Chicago Victory Way
which will be opened at noon Monday.
In all districts every agency for the
stimulation of enthusiasm will be en-
ployed, including war tanks. twenty
four war-exhibit trains carrying cap
tured German war relics, 5000 German
helmets to be distributed to workers,
medals made from captured German
cannon, aeroplane flights, flights by
navy dirigibles and parades of re-
turned soldiers in uniforms.
Outlook Optimistic.
Treasury officials believe that Vic
tory Loan notes will never be sold be-
low their par value. Measures look
ing TO the stabilizinE of market values
of the new notes have been outlined,
and officials asserted last night there
should be no repetition Of breaks in
government bond quotations.
Summarizing the reasons why the
notes should always be worth on the
market as much or more than their
face value, Frank X. Wilson ex-
planned that regulations governing
their sale prevent the absorption of
vast quantities of bonds by capital
interests.
Only subscriptions of $4,000 or
less are certain to be filled in full.
Through a wide distribution of the
notes, the percentage of the tstal
$500. 900 which naturally will find
its way to the open market will be
small, officials believe.
Government officials here general
ly recognize the fact that there is
apathy toward the Fifth loan in
many quarters. This. they say. can
be traced to various reasons, but the
principal one is the "disheartening
market quotations on previous is
sues" officials admit, and without
argument, that the depreciating OF
bond values is the argument which
the loan workers will be compelled
to meet wherever they go.
1t must be combatted. officials say.
and that is why they have adopted
rules believed to guarantee a wide
distribution of the notes which go
ION sale" Monday.