15 Jun 1917
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 15, 1917
Page
1
Washington reports indicate the Liberty Loan is vastly oversubscribed by hundreds of millions, with officials estimating at least 2.5 billion dollars in subscriptions and a possible run toward three billion before noon. Last minute small subscriptions flood in from all districts, signaling broad public support.
President Wilson spoke before a June Flag Day audience in Washington pledging that the United States entered the war to defend democracy and respond to German aggression. He warned against peace intrigues and asserted the flag stands for national purpose, urging unity and sacrifice. London reports the British government will release all prisoners from the Irish rebellion on Easter Sunday a year ago.
Washington June 15 The Senate Finance committee revised the war tax bill to grant a $200 exemption per dependent child and to cut the stamp tax on bank checks from two cents to one cent.
Washington June 15 The senate finance committee trimmed about 9 million dollars from the house war tax bill while keeping the 2.20 per gallon whiskey tax and 2.75 per gallon malt tax. Prohibitory duties on cereals used for distillation and on new spirit manufacture are debated with amendments by Senator Gore.
New Orleans reports an over subscription of the Liberty Loan apportionment at 8 million dollars with inscriptions today. officials estimate reaching 9 million by noon tomorrow. General Pershing visited the Paris aviation field and planned an extended trip to the battle front after conferring with French officials.
Charles A. Hunter, a non resident with 160 acres on the Monroe and Farmerville road, seeks $550 damages for the new road location. The engineer rerouted the line through land, reducing property taken to under 2.5 acres. Hunter says the land is worth $20 per acre, though assessor lists it as cut over timber land at $2. He claims to be the district's only owner to sue over a good road through his land.
A brief item highlights the Outlook membership committee of the chamber promoting outreach and engagement. Merchandising at work is discussed as a strategy to boost visibility and support.
The Monroe Chamber of Commerce membership committee reports strong backing from business interests as they push toward 500 members and 16000 dollars. Sub committees pace solicitations, dividing names by retailers wholesalers saloons professionals and travelers as they cover more ground.
Dallas June 15. In less than an hour after subscriptions opened the Eleventh Federal Reserve district vastly over-subscribed its allotment. Jr. W. H. Deputy Governor commends loyal banks and all citizens from all stations for their generous sacrifice and public spirit in the bond purchase drive. Officials say exact totals will be released later.
The finance committee led by W. L. Ethridge says the drive will continue until every city man is asked to join the Chamber. A businessman increased his last year's $50 subscription to $200. Be ready for the committee when it comes around.
Berlin reports in a German official statement that troops pulled back at two positions in Belgium. The withdrawal occurred between Hollebeke and the Douve river and southwest of Warneton.
Subscriptions poured into local banks at a lively rate with bonds sold in small installments. Ouachita Parish totals exceed 265000 with 200 plus individual and firm subscribers and major banks reporting varied sums and plans to carry portions. Large subscriptions late in the drive included Monroe Buildings & Loan Association at 10000 and Arkansas & Louisiana Midlands railway staff at 3500.
Wall Lodge No 8 Knights of Pythias doubled its bond subscription last night to 1000 dollars from 100 as part of the order s patriotic program. Montgomery June 15 Hundreds of delegates welcomed to Montgomery at the opening of the United Commercial Travelers annual Alabama convention with a two day program of entertainment and business sessions.
The British armed cruiser Avenger was torpedoed and sunk in the North Sea on Wednesday. One man drowned in the attack.
New York City reported aggregate Liberty Loan subscriptions of 952 million dollars as clerks lagged on tabulations, with expectations New York’s total could surpass 1 billion. Liberty Bond trading began on the Stock Exchange at noon, with bonds listed for temporary dealing. The first transactions ran above and at par with large lots selling at par in the initial rollout.
The Baltimore Federal league club today dropped the $900,000 anti trust suit against organized baseball. Counsel for the plaintiffs said they were convinced there was no conspiracy to wreck Federal clubs' business. No settlement was reached outside court.
British forces in Belgium push a defensive campaign that sharpens into a German rout as lines fracture and retreat accelerates. Allied units press the advance with strategic positions in flux and uncertain enemy resilience.
British forces press the Germans under constant pressure on the western battle front. The line extends seven miles from Klein ebake to the Warnave as the Germans retreat with big guns pulled back east and southeast of Messines. The advance covers south and east of Messines and astride the Ypres Comines canal.
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