The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1919-04-24
= COUNTY WOMAN'S LIBERTY
3 >LOAN COMMITTEE.

1
Publicity Chm, Mrs. Joe p, Lane
Chairman School Districts, .
Mrs. l.. r.. Craig, Chm. Health. =
Miss Mamie McLees. .
8 Districts report to 20. Chairman .
Ward /. Mrs. T. W. Bethea.
Ward No. 2. Mrs. ]. B. Gibson. %
Ward No. 3. Mrs. LATHE Moody.
Ward No. 4. Mrs. ]. Monroe Rogers
Dear Workers for the Victory Lib
erty Loan Drive: :
MAKE THE VICTORY LOAN A
LOAN OF THE PEOPLE.
Hon. L. B. Franklin, Director, War
Loan Organization, Treasury De-
partment, telegraphs:
I'm reaching a determination as to
the various characteristics of the Vic
tory Liberty Loan, particularly as to
the rates of interest on the notes, the
| limitation of the amount, and the re-
lection of oversubscriptions, the Sec
retary of the Treasury had in mind
particularly the great Importance of
insuring wide distribution of these
notes to real investors so that they
could be paid for out of present or
future savings and consequently with
out creating any strain on the bank
ing. reserves of the country.
"The terms as announced have
met with universal approval; but 1t
should be impressed upon every Lib
erty Loan Committee in the country
that the real task before us is mot
accomplished simply by raising the
specified amount of money. If that
had been the sole object, it is prob
able that the amount of the Loan
would have been fixed at larger fig
IRE and the oversubscriptions ac-
cepted.
"It is most important at this time,
with the dissolution of the great vol
unteer Liberty Loan Organization af-
.er the close of this campaign, that
everything possible Should be done
to prepare the way for an absorp-
tion of the overflow Of government
bonds, which has been the chief rea-
son for the decline in the price Of
the old issues; and the plan of the
Secretary was adopted with particu-
lar reference to this situation.
ut is now the task of the Liber-
ty Loan Committees to conduct the
campaign in such way that this re-
suit will be realized. We must pursue
the same intensive methods Of distri-
buttons as have been so successfully
used in the past. In the Fourth
Loan the Committees distributed to
over 100000 subscribers who prr,
chased, in amounts of from $50 to
$40, 900, inclusive the sum of approx
imately $4,000, 900, 900 of bonds. II
equally good distribution can be real
lied at this time, very large over
subscription Is assured. The Secre-
tary has tried to devise note which
shall be a choice investment at the
time of its issue and which will main
tain its market: Having done this, II
is now up to the Liberty Loan Com
mittees to complete the work.
"It should again be emphasized that
it is Of the utmost Importance that
subscriptions for these notes should
be obtained from the public and not
from the banking institutions where
chnY11I ha loft prna fn fQ kQ
care of the commercial needs of the
country, particularly during this pc
riod of readjustment from wartime
production to peace time production,
and also to care for any short term
borrowings which the Treasury De-
partment may need to make in the
future.
Attention should be called to the
fact that this is the last Liberty Loan
and that those people, who had here
tofore limited their subscriptions to
the amount which they could pay for
in months time because Of the prob
ability of another Loan within that
period, can now more readily afford
to obligate themselves for longer
peroid of time.
Let this be truly Loan of the
people, a loan Of victory, a loan of
gratitude"
Additional copies of the enclosed
folder "The Banks and the Loan
may be hai on request to us.
Dear Victory Liberty Loan Workers:
There is very little to announce
this week as very few attended the
call meeting. However, some came
in On Monday. The chairmen came
at different times during the day,
and promised to do their part in the
Victory Loan Work.
Capt. John McSween, Jr., will
speak on Saturday the 26th, for the
Woman's Committee. 1t will perhaps
bo n plobcure In tha naOD1e of Dill