Money Will Win the War At Good Interest Says Uncle Sam
A wartime appeal urges citizens to lend money to the government, promising good interest returns. Officials frame the program as essential support for the war effort and national financing.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Oct 26, 1917
Page
2
A wartime appeal urges citizens to lend money to the government, promising good interest returns. Officials frame the program as essential support for the war effort and national financing.
The Luckenbach steamship battled a submarine for four hours in heavy seas, sustaining multiple hits but avoiding serious damage. An American destroyer arrived, forcing the U‑boat to dive, and the steamer escaped with nine wounded, two seriously. The Navy notes the vessel, unnamed, was a Luckenbach ship, engaged October 19 from 7:35 a.m. to 11:40 a.m. until rescue arrival.
Seven crew members of the Luckenbach and two members of the armed guard were wounded in the incident. The report notes injuries without detailing severity or names, focusing on the attack’s toll on the vessel and security detail.
An American steamer fought a German submarine for nearly four hours near a French seaport. After a shell exploded in the engine room disabling the engines, a U S torpedo boat destroyer arrived at full speed and drove the U boat away. Seven crewmen were wounded, two seriously, and the ship reached port for medical aid.
The will of Grace Parkman, valued at over 100000 dollars, was upheld as valid by a jury in a trial before Judge Fessenden. The panel found Parkman sound of mind, properly drawn, and free of undue influence by the four individuals named. Executors of the last will are Rev. Father McKone and Miss Emma Finne san.
The annual interclass tennis tournament for Lexington High School boys and girls has been postponed until next week, weather permitting. The advisory notes that buying a band supports Uncle Sam and offers good pay during the nation’s hour of need.
Nelson Byrne aged 19, East Boston, was awarded the crown armlet for bravery in taking a German machine gun squad in a French trench. He was twice wounded, returned home on temporary discharge, and arrived at his mother's home at 1056 Bennington Street. Byrne served as a bomber in the 20th Royal Hussars and fought near Thiepval during the Somme battle in September 1916. He and three comrades encountered a 12-man German machine gun squad. he ordered his carriers to join and bombed the position when the sergeant begged for mercy.
Washington Oct 25. The Federal Board for Vocational Education with the War Department will use every trainable school to teach radio and telegraphing in night courses for those drafted into the second call. Volunteer teachers are sought to run classes in towns and districts, aiming to mobilize schools nationwide for urgent war needs.
The draft numbers held by nearly 9,000,000 uncalled registrants will be applied to new classifications in each local district. Men in class one will be called in order of their serial numbers until exhausted, then class two and so on, potentially reshuffling who is drafted first or last.
The Boston school committee last night ordered smaller classes with 40 pupils in first seventh and eighth grades and 42 in second through sixth grades as part of a radical reform in Boston schools.
The move targets elementary schools with wide impact, as 59 new teachers were appointed and at least 25 more will join soon. Total pupil count rose by 1,381 to 108,444, while high and Latin schools declined due to ninth grade shifts. Dorchester shows growth. North and West Ends lose pupils amid limited immigration during wartime. The janitors seek cost of living relief, with a $3 daily wage noted, and Lavinia Grimes Sheehan is reinstated after marriage prompted resignation.
A report notes a national total for a loan effort on a transcontinental tour in support of the project has not yet reached the required minimum. The statement emphasizes the ongoing push to meet the target as the tour continues.
Official reports from local committees and federal reserve headquarters show unofficial subscriptions totaling 3.2 billion dollars with about 400 million added overnight. District by district tallies list Boston New York Philadelphia Chicago St Louis Minneapolis and others, while Treasury notes oversubscriptions may be accepted up to 50 percent of the amount over 3 billion.
The article notes a possible 4 billion dollar bond issue with New York nearing a 1.5 billion cap. Spurt began in Atlanta and Dallas, with San Francisco, Cleveland, Philadelphia, Boston and Richmond districts optimistic about reaching maximum allotments. Full national totals may not be known until November 1, the Treasury deadline for banks to deliver subscriptions to Federal Reserve banks.
Ten thousand people gathered in Central square East Boston for the dedication of the Liberty Arch. Mayor Curley and former Mayor Fitzgerald spoke praising local service members and urging Liberty Loan subscriptions despite a storm postponement.
A lighthearted line compares lending behavior to friendship with Uncle Sam as a best friend. It humorously notes that lending money without interest or a note is generous while highlighting the strong trust in government bonds as a guaranteed promise.
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