The War Purse of Indiana the Five Liberty Loans And War Savings And Thrift Camp
The War Purse of Indiana the Five Liberty Loans And War Savings And Thrift Camp
Walter Sidney Greenough
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The last issue in the Victory loan series was dated May 1, 1919. Of the Victory loan series there were ten issues, varying only as to ma- turity date and total. There were five issues of $500, 000, 000 each, four of $600, 000, 000 and one for $750, 000, 000. Indiana banks in the northern counties purchased 130 per cent, of their total quota in this series, which would amount approximately to $110, 000, 000. This series met with a more generous response and a larger percentage of subscribing ban...ks than any preceding series. " The Seventh Federal Reserve Bank in Chicago during the periods between Loan campaigns extended credit to both its member and non- member banks in order to enable them to purchase certificates and at the same time promote wide distribution. 4. That the selling campaign was intensive is shown in the experience of John P. Todd, one of the state organizers, who is known to have made a very strenuous effort to sell Treasury certificates to the receiver of one of the state banks, the doors of which had been closed the morning of Mr.
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