Evening star., 1941-12-28
Defense Bond
Drive Nets
$5OO,OOO
Trade Board Unit
Reaches Campaign
Midpoint

Thornton w. Owen. chairman of
the Board of Trades Defense bond
campaign and his committee of 100
men. reach the midpoint of their
drive this week end with a total
sales of some s500,000.
The drive began on December 16
and is to extend until the next reg
ular board meeting on January 6. at
which time a full report of the total
sales will be submitted by the COM
mittee members. At that meeting
it is expected to have high officials
of the Treasury, Army and Navy De-
partments address the entire men,
bership.
The committee started off on the
campaign without any definite goal
in mind. On the first day the drive
yielded $4,000 in bond sales. For
the next several days the sales ap-
proximated 100000 On last Mon
day, the drive reached one Of its
high spots, when more than s159 900
was reported. Since that time, each
day brought in between S25 900 and
$50 900 in orders.
While this week end marks just
about the halfway point of the
drive, it is now estimated that the
campaign will net well over s1,000,-
900 in Defense bond sales.
Drive by Eight Teams.
This campaign, undertaken by the
~T t. 60. sc
known, the first large direct solici-
tation campaign in the country
board officials said. Up to this time
it has been the practice to put M
pressure on the sale OF the bonds
rather let the sale depend upon the
desires or wishes of the individua,
whether he wanted to buy them OF
not.
Owen has divided his committee
into eight teams, each man on each
team having proportionate share
Of the entire membership of the
more than 4400 members of the
Board of Trade. Each member will
be contacted personally. However,
the drive is not limited to members
Of the board. 1t is planned to con-
tact as many people outside the
! board as the time of the campaign
will allow.
To eliminate the possibility of the
committeeman collecting large sums
of money or collecting checks from
the purchasers of the bonds only
orders for bonds will be taken by
Owens committee. Special printed
order forms have been made up with
the cooperation of the District OF
Columbia Bankers Association and
the District of Columbia Building
and Loan League. On the forms is
printed an agreement by the pur-
chaser that he will buy the number
of bonds he desires. He then indi-
Gates the bank or building and loan
association from which he wants the
bonds bought, and the number and
type of bonds to be bought, and the
periods at which he wishes the de-
ductions to be made from his ac-
count.
Procedure Described.
The orders are made out in trip
licate. The original is sent to the
| bank or building association indi-
Gated by the purchaser. the dupli-
cate Is sent to the Offices of the
Board of Trade for its records in
the campaign. and the purchaser
retains the triplicate copy.
II the purchaser has a checking
account with bank, his bank, upon
receipt Of the signed order, will i'm
mediately begin charging his ac-
count with the amounts and at the
intervals he has specified. However,
II the purchaser has only a savings
account in a bank or a building and
loan association, he may place the
order for the bonds, but must per-
sonally arrange for the proper de-
auctions to be made. This latter
step is necessary in the case of saw
ings accounts to comply with the
banking regulations of the District
Of Columbia.
Whether the purchaser uses a
checking account or savings account
the bonds are Immediately turned
over to the purchaser as soon as
tney are registered. The entire ef-
1orts OF the Membership Committee
OF the board is being devoted to this
drive. Assisting Owen are his team
captains, M. c. MacKinnon, Edward
1. O1utt, Jr., S. Eugene Madden
Garrett A. Pendleton, j. Merrill Con-
ner, David c. Colladay, Howard C.
Drake and s. Dolan Donohue.