Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1919-04-24
Valley IOWA, THURSDAY April 24 1919
VICTORY LOAN
FLYER IN Lake.
SeapIane Used in Campaign at
/ Chicago PIunges Into Water
Off Grant Park.
FIFTH DRIVE WELL UNDER way

:.
B. Franklin, Director of War Loan
Organization, Warns Against Over
optimism-Subscriptions
Pour In.
Chicago, April 22.-A seaplane used
IN the Victory loan campaign plunged
into Lake Michigan, off Grant park as
IT'S pilot was trying to make landing.
: The aviator, Lieutenant Brown, and
his mechanic, Robert Lee, were both
rescued by submarine chaser No. 914.
For several minutes after the craft
struck the water only the tail was
visible above the surface A subma-
rine chaser rushed from the life saw
ing station at the mouth of the river.
Spectators in office buildings and in
Grant park, who saw the seaplane
fall, said that the aviator was about
to make landing when the machine
for some reason took sudden dive
into the water. When the submarine
chaser reached the plane the aviator
was taken out of the cockpit and was
not seriously injured. The plane was
towed to shore by motor boat
$12,00o,00O Bonds Sold.
With a cheer and song and a
shout, 10000 Chicago Victory loan
workers We're off at the tap of the
bell. Their aim was to put Chicago
and the Seventh federal reserve dis
trict in the lead in the nationwide
race to sell $4,5OO,OOOOOO worth Of
Liberty bonds, and help pay the cost
of the war.
1t was Triumph drive" in reality,
and the speed OF precampaign sub
scriptions indicated that the whole
district might develop burst Of speed
not shown even in any of the preced-
ing four campaigns and go under the
wire with splendid oversubscription.
The goal was $3.50, ,225, 900 for Chicago
and total of $652, 500 900 for the dis
trict, comprising five states. Early in
the day Chicago's subscription had
reached total of S12OO0,OOO
Chicago began its campaign on. time
Mt one minute after midnight. And
it ushered In the great and final event
of its kind of the war with magnif1-
cent spectacle on Michigan avenue
that brought out crowd Of people
estimated at nearly 10000 to wit
ness 1t.
Michigan avenue had been turned
into a boulevard of enchantment, with
streamers of red, white and blue lights,
from Randolph street to 18th street.
Washington. April 22.-The Fifth
Liberty loan-the Victory loan-drive
started off with rush. The morning
was still very young when kilograms
and telephone messages started to
pour in upon treasury officials, and
each told of quotas attained or over
scribed. The fact that all oversub-
scriptions are to be turned back in
the present loan did not seem to pre-
vent making large oversubscriptions
the object of workers all over the
country.
Although the formal opening of the
campaign was not scheduled until
Monday, in many places the workers
had been organized for week and
had gone about securing subscriptions
without waiting for any formal dem
onstrations. All over the country
parades and celebrations We're being
ho1J To. o,I1 30
the drive.
Warns Against Optimism.
Unless you have an income Of
$1,OOO,OOO it will not pay you to buy
the 3A per cent Victory bonds in
preference to the Az per cent bonds,
Lewis B. Franklin, director of the war
loan organization Of the treasury de-
partment advised. The treasury's de-
sire that the Victory bonds have the
widest possible circulation Is to in
sure their stabilization in the market.
He explained that every person sub
scribing for bonds up to $4,000 would
receive their full quota. The rich pur-
chasers will have to take their chances
over this figure, and If the loan is
widely distributed. the high interest
the bonds bring will always find them
readily marketable among those dis
appointed during the campaign. The
only advantage of the 3A interest
bearing bonds is their total exemption
from taxation, thus making them at
tractive for the people of large means.
Mr.. Franklin warned against over
optimism. Reports from all over the
country are too optimistic in regard
to the loan and this feeling may de-
feat the object of the treasury to
have the bonds taken up by the people
in order that the enormous surpluses
now crowding the banks may be re-
leased for industrial development.
New York Subscribes $6O,0O0O00.
4 New York. April 22-The Victory
loan got away to flying start in New
York, and was reported near the $780,
100000 mark. The Irving National
bank and the Irving Trust company
sent the loan figures skyward early in
the day with joint subscription of
S4O,OOO.OOO.
German Army to Be Dispanded.
Berlin, April 22.-Every German