Omaha daily bee. (Omaha [Neb.]) 187?-1922, September 30, 1917, FINANCIAL, Image 46

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    OMAHA SHOWS WELL
OH LIBERTY BONDS
Takes Up Its Allotment of the
Great Issue, Just as It
Pushes Through All
Big Things.
f
Omaha's great drive in the
Liberty bond campaign made
.tor? and brought to many communi
ties in the east a new appreciation
of the wealth and prosperity of this
portion of the great republic.
Omaha maintained its reputation
for"putting thing's ovt." Omaha has
never been found wanting in big,
patriotic things, as in other affairs
where it has heen called upon. It
has never been weighed in the balance
and found fo be underweight, whether
it was opening its purse for the Boy
Scouts, the Visiting Nurses, the Red
Cross or any other good object So
it was in the initial Liberty bond
campaign. It did what Was its to do
and it did a good deal more.
When word came that Omaha's
allotment of the $2,000,000,000 federal
bond issue was $6,500,000, it looked
so big that some "bears" thought it
couldn't be raised. But Omaha went
ahead. A committee of business men
was appointed and the work was
thoroughly organized to reach every
body. The "Buy a Bond" slogan was
soon heard everywhere.
' Secretary McAdoo Comes.
Then a visit was secured from Wil
liam McAdoo, secretary qf the treas
ury of the United States. He was
in Omaha May 24 and delivered sev
eral addresses, the principal one at
a big meeting of the food conserva
tion congress. This served to rouse
popular interest in the bonds more
than any other one thing.
The newspapers gave of their space
unstintingly to advertising and quick
ening interest in the bond issue. Vari
ous organizations took up the sub
ject Business houses and big cor
porations interested their employes by
notices on bulletin boards, by letters
- and by talks.
Omaha barks announced that they
wbuld loan money to persons who
wanted to buy bonds, but who could
not pay lor them in cash. This made
it possible for persons to subscribe
'for a $S0bond and pay for it "on the
installment planet a dollar a week.
Corporations devised plans whereby
their employes could buy a bond and
pay for it by a small installment from
their pay each week or month. An
automobile company advertised to ac
cept Liberty bonds in payment for
their product, allowing $102 for each
$100 bond. The Nebraska Power com
pany made it possible for employes to
buy the bonds on a twenty-month
payment basis.
Gets a Good Start
The big drive in Omaha, preceded
by all this activity, started June 4,
the day before registration day for
the selective draft On that first
day the business men of the city held
a mass meeting and right in that meet
ing raised the astonishing sum of
$1,478,600.
On the first day of the campaign
the Omaha banks raised $4,000,000: the
building and loan associations, $1,000,-
uuu, while other applications for the
fconds totaled $950,750. The tatal
The Den Show Barters
Omaha, is Center of Rich
Part of United States
"Omaha is more prosperous now
than it has been in years," said L. M.
Swindler, cashier of the American
State bank.
"Thre is more building going on in
Omaha than there has been for years
ck-'-asJ M Kim ml'
' M. B. Griffin and W. D. Counseman. iff
. n namagmB mmm ammmm mmi mm mm mmm "
P I
at any one time. All the buildings are
rented, there are no 'vacant store
rooms or houses.
"As for bank deposits, f am sure
they are far ahead of what they were
this time last year. The middle west
is in the midst of a wave of prosper
ity that will continue for years, I
think. If the war lastaf'for years we
will be so rich here in the middle west
that we will not know what to do with
our money.
"As long as the present high prices
continue to be paid for farm products,
this prosperity will last, for these
products are wringing us wealth.
Farm products are the foundation of
middle west prosperity and the de-
. . , 1 .. -Mf war ic
mana tor tnese uccauac u. v.i.
making this part ef the country
rith." , ,
The flax of Ireland and Scotland that can
be used in linen for the manufacture of
aeroplane cloth must no longer be u.ed for
any other purpose without permission. I Ms
i. according to an order of the Bnti.h gov
6 Dividends Payable Quarterly
ccidental Building & Loan Ass'n
322 South 18th Street
Omaha subscriptions to the bonds the
first day of the week's campaign
totaled $7,484,350.
Clever advertising boomed the cam
paign. It was advertised that very
baby born on June 9 in Omaha and
Douglas county would be presented
with a $50 bond. Fourteen babies ap
peared on. that day to claim the bonus.
Kuth Law, aviatruc, was -to tly xiver
the city in her aeroplane and drop
Liberty bonds, bhe was prevented by
bad weather from carrying out this
part of the advertising program, s
City Thoroughly Covered.
The city was thoroughly c?mbed
for subscriptions. A large committee
canvassed the whnlaesafo district anH
the big manufacturing concerns and
stock yards. In the big corporations
committees were busy getting the em
ployes down to the least to subscribe
to the big bond issue.
Eighty-three insurance men, skilled
canvassers, neglected their ordinary
business and .went forth to canvass
for the bonds. And they "brought
home the bacon" although, they did
the hardest part of the work, other
easier jobs of soliciting having gone
to less skillful solicitors.
The principal of the High School of
Commerce supplied 200 boys to do
canvassing. The Boy Scouts, under
direction of Scout Executive English
combed the residence districts. A
special committee canvassed "automo
bile row." ,
Individual subscriptions among
Omaha's wealthy citizens went as
high as $100,000 each.
Saturday of that week was desig
nated as Children's day and a goodly
number of subscriptions came from
the little tots. ' ,
Interest Increases.
Popular interest grew greater as
the close of the campaign approached
and it was announced that Omaha's
subscriptions to the - bonds would
"probably" go aboxe, the allotment ;
The campaign closed officially at
noon on June 15. As soon as the
totals could be added up it was an
nounced that Omaha had taken $9,
183,650 worth of the Liberty bonds,
although the city's allotment was
only $6,500,000. Omaha had come
through with nearly 50 per cent more
than what was expected of her. The
subscriptions had come from approxi
mately I2.5UU subscribers besides the
banks, trust companies and building
and loan associations.
Ihe coy scouts had brought in
1,165 subscriptions, totaling $249,350.
Thenion Pacific employes here had
subscribed for $390,300, this sum be
ing taken by 3,529 employes. The
stock yards people had subscribed for
$97,500. Twenty-Seven employes of
the Maney 'Milling company 'had
taken $12,350 worth of bonds. The
Ford Motor company, from sixty-
three employes, reported $6,700. Two
hundred and twenty employes of the
Western Union Telegraph company
took $9,550 worth of Liberty bonds.
Omaha expects to do just as welj
on the next Liberty bond campaign
and on those that will follow.
OFFICERSsAND DIRECTORS:
JOHN F. FLACK, President
R. A. McEACHRON, Vbe Pesidint
' GEORGE C. FLACK, Treasurer ' -E.
N. BOVELL, Secretary '.
JOHN T. BROWNLEE, Ass't Sec'y ,
ROBERT DEMPSTfeR
Assets - . - - -Reserve
Fund - -
Increase Past Six Months
$6,210,361.19
200,000.00
, 939,524.36
$1.00 WILL OPEN A SAVINGS ACCOUN'
The Boy Wm Bight.
Food Controller Hoover laid the other
day: ,
"If fgod price! art not controlled they
will mount to famine helghti. Flour, for In
atanc. will mount to -120 a barrel next
year. ' 1 V
"Tea, food prtcei must be controlled
against the profiteer, for there wai lot
of truth In the answer of the little ichool
hnv
" 'la the world round?' hla teacher aiked
him.
" 'Nome,' he tald.
'Js it flat, then?'
" 'Nome.'
" 'Child, are you craiyT It the world lan't
round and Isn't flat, what In heaven's name
la It?'
" Top aayi It's crooked,' aatd the boy.
Washington Star.
6 Dividends Payable Quarterly
WT.w m.' jmrl::.rm'':mtl me iiw';;iaiL,iaii.:,wii:,jwtti,lir;,riiiffHaf,lia
I S6-555
ESP
Paid Up Capital $750,000
Authorized Capital $2,000,000 '
Most advrtiamnU ef Life Insurance arc mad up of an array of FIGURES only.
In this advartuemant tha only figures appearing ra HUMAN FIGURES, and
you understand them.
IF you want protection throughout your whole life at a constantly
decreasing cost; V
IF you want temporary protection cheap while in debt or while
v building up in your profession;
IF you want to strengthen your credit at the bank; v
IF you want to cache the earnings of your good jrears so that you
may draw them when bad years come;
IF you want to stabilize your business;
IF you want your heirs to remain in possession of the estate you
: have created;
IKyou want something to lift the awful burden of fear and worry
when you are sick; v :
IF you want to give bonds'" to guarantee, in event of your, death,
food, shelter and clothing to your wife and babies;
IF you want to come back from shadow-land and place in your
wife's bands on the first of every month of her life a check
( to cover her monthly expense; ' ,'
IF any of these WANTS is your WANT, (and it must be unless
you are a blanket Indian), come to the New England Life
office and examine the policy made to your orderi A card
addressed to any of the men named will receive prompt
attention. V , y' ' -
Of f ices 786-792 Brandeis Building, Omaha.
NOBLE & NOBLE, General Agents
Jl he
i
Federal
Bank
P. HOGAN, President.
JOSEPH M. CAREY, Vice President.
FRANK G. ODELL, Secretary.
E. D. MORCOM, Treasurer.
Dated May 1, 1917.
OF OMAHA
Offers $500,000
4 Jarm Loan Bonds
I 1
DIRECTORS
D. P. HOGAN.
JOSEPH M. CAREY.
FRANK G. ODETfL-.
E. D. MORCOM.
WARREN C.
MERTON L. COREY
Attorney it Registrar
BAKER.
Due May 1, 1937.
'SPECIAL AGENTS
Will F.Noble .
Dan R. Smith
Anna Mi Christensen
SPECIAL AGENTS ,
Chas. L. Hopper
N. M. Graham
Issued with the Approval of the Federal Farm Loan Board, a Bureau of the
Treasury Department of the United States Government.
Redeemable at par and accrued interest on any interest date after five years from
date of issue. Coupon bonds exchangeable for registered bonds which in turrl! are
re-exchangeable for coupon bonds. Denominations, $1,000, $500, $100, $50 and $25.
Interest payable semi-annually, May 1st and November 1st, at any Federal Land
Bank. Principal payable at the Bank of Issue. Both principal and interest payable
in gold or lawful currency. (Arrangements have been (made for the payment of
Ndvember coupons at the Federal Reserve Banks, which arrangements are expected
, . - to be made permanent.) J ' -
New England Mutual Life Ins. Co.
" OF BOSTON, MASS. '
. (Chartered 1835.)
OLD
STRONG
LIBERAL
V
Exempt from Federal, State, Municipal and Local Taxation -
. V -.r authorV-y of Act of oo .ccS v.ppr . July i7, 1916, tHe United States as divided into 12 districts
and a Federal Land Bank was created in each district. Farm loan bonds are primarily the obligation of the
bank issuing the same. All twelve banks, however, are, ultimately liable for the payment of each bond. '
The United States Government owns over $8,800,000 of the original Issue of $9,000,000 of capital stock of
these banks, The banks operate under Federal authority and Government supervision.
As security for these bonds, there are pledged either United States Government bonds or guaranteed first
mortgages on farm lands' cultivated by the owner. No mortgage loan may. exceed one-half the value of the land
mortgaged and 20 of the value of permanent insured, improvements thereon as confirmed in both cases by
Farm Loan Board appraisers, x
These bonds are declared by the Act to be "instrumentalities of the Government of the United States," and
as such the principal and interest thereof are exempt from United States, State, municipal and local taxation.
This includes the Federal Income Tax and income from these bonds need not be included in Income Tax returns.
In Europe, farm loan bonds of this same general character have long been a favorite form of investment,
selling at approximately the same prices as direct Government obligations.
The bonds are acceptable AT PAR as security for all Government deposits, including Postal Savings deposits,
and are legal investment for Trust Funds and for Savings Banks and Insurance
Companies in a majority of .the States.
i I .
PRICE 101 1-8 AND ACCRUED INTEREST
(This attractive issue is now available for investors who promptly send in their subscriptions. An oppor
tunity is afforded the investing public to procure an absolutely safe investment at a profitable interest rate.
N " Subscribers shouldaddress subscriptions to E. D. Morcom, Treasurer, and enclose check or drafl for 2 of
the principal amount subscribed. v
t