Strong Appeal Boosts Dallas Bank Night Run
The appeal rate remained high as the Dallas bank reported solid support during a night run, with lenders backing the campaign and investors showing continued confidence in the financial institution.
16 Jun 1917
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 16, 1917
Page
1
The appeal rate remained high as the Dallas bank reported solid support during a night run, with lenders backing the campaign and investors showing continued confidence in the financial institution.
June 16 report from The News-Star records strong Liberty Bond sales with $3,600,000 shortfall noted in one district but praise for patriotic response. Bankers committees urge continued public purchase and quick distribution before next issue. Officials promise ongoing Liberty Bond sales and further issues as war funds flow.
Telegrams from Ouachita National Bank Monroe La raise question of publishing names of Liberty Bond subscribers. Officials reply it is inadvisable to reveal subscriber lists without consent. Treasury and Comptroller confirm policy, and War Loan Committee letter explains best banking practices for sale of Liberty Bonds.
The passage notes Monroe is believed to have taken more than its share of Liberty Bonds, estimated at 6 percent of banking capital. It calculates the city’s portion at about 240000 dollars, with best estimates suggesting higher subscription levels.
The Caldwell Bank reports Caldwell Parish residents have applied to purchase 10 500 of Uncle Sam Liberty Loan Bonds signaling strong patriotism from a fiscally modest community. A road project survey from Columbia to Monroe reaches the Caldwell Ouachita line with $45 000 in funds raised to begin construction mid summer.
The Belgium mission to the United States arrived today led by Baron Monchur, former minister to the United States and head of Belgium’s political bureau in Havre. Others include General Leclercq, Hector Carlier, Major Osterrieth, Count D Urdel, Jean D. Martens, and Monchur’s American wife, daughter of Anners Claxton.
American tanker steamship is sunk by submarine after a running fight. Navy reports indicate heroics by crew during the engagement, with details of evasive maneuvers and the submarine attack.
American naval gunners failed to hit a German submarine that destroyed the tank steamship Mogeni after a running fight in the war zone. Four crew members died, 43 survivors were rescued by a passing steamer, and the submarine commander showed courtesy to the vanquished.
The Moreni, an American tank steamer, was sunk June 12 after a two hour battle with a German submarine off the coast. Four crewmen died, including oiler Cunningham of Brooklyn, wireless operator Curran Jr of New York, and fireman Geisen. The vessel burned as crew abandoned in lifeboats during the engagement.
After a fierce engagement, the submarine crew fought bravely and were rescued by a passing steamer. Forty three of the original forty seven crew members were landed, with six slightly wounded sent to hospital. The German captain congratulated the American for the valiant defense and all attackers were saved.
Washington June 16 Senate Finance committee acts on President Wilson food control bill by ordering the Lever measure reported without recommendation. The move follows the president's demand for immediate action on food control legislation.
Washington reports the Senate Finance Committee may revisit plans to levy a 5 percent tax on net profits of newspapers and magazines instead of higher postage or an advertising tax, as part of the war tax bill revisions.
The British press reports a broad offensive along most of the northern France line as Marshal Haig readies a larger operation. Berlin confirms retirements in multiple sectors. Italians prepare to resume against Austria and bombard Carinthia. European instability threatens Spain, with rumors of a revolutionary army movement. French observers note continued German raids on the Meuse heights.
Copenhagen dispatch notes German press claims that U S forces will reach France in 1918. A staff lecturer says Americans will be treated as negligible due to transport and supply difficulties.
From Stockholm a special to the Demokrats reports Germany has made a peace offer to Russia through a member of the Swiss Federal Council.
Paris reports the transport Annum was torpedoed and sunk in the Ionian Sea on Monday while under escort. There were no casualties.
Berlin reports fresh engagements between British and German forces in the Hollecourt region near Knut Monchy. The brief item notes ongoing fighting with no detailed casualties or outcomes provided.
Liberty Bonds bought by Peters Furniture Co Inc and now offering to take any held by customers at a liberal premium. They will pay cash or apply as credits to accounts. Located at 16-61.
Public liberty loan drive reported a strong turnout with broad support across communities. Officials credit organized campaigns and patriotic sentiment for surpassing targets and displaying national resolve.
Secretary McAdoo announced oversubscription of the two billion dollar Liberty Loan and said no further offering is expected before fall. Officials noted a landslide of returns, with as many as 3,000,000 investors across districts, though final totals await tabulation at the treasury.
Detroit marks the fifteenth anniversary of Ford Motor Company founded June 16 1908. The firm began with 311 workers and produced 1708 cars in its first year. Now it employs about 40 000 and produces over 500 000 cars annually with thirty U S branches and overseas offices.
After three days in France with grand honors General Pershing moved to organize arrival and deployment of American troops. He noted many American volunteers in Allied ranks seeking transfer to the American army in France and numerous civilians applying for enlistment or commissions.
Monroe Chamber of Commerce launches a campaign led by W L Ethridge to recruit five hundred members and establish a ten thousand dollar working fund for the next year. Sub committees resume at 10 am Monday with no vacation until the drive ends. Names of contributors and retailers will be published and new display cards issued for subscribers.
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