view raw text
NATIONAL BANKS AND LIBERTY BONDS The comptroller of the currency has made an interesting statement of the part the national banks played in the three Liberty Loans LoansHe He reports that 0000000000 a little more than half of the aggregate of the loans passed through national bank channels By fur the greater part of this was absorbed by individual subscribers On June 29 only about 400000000 of Liberty bonds constituting less than 3 per cent of their assets were held by national banks At the same time the national bank loans on Liberty bonds were only 457000000 or 2V lier cent of their assets assetsThese These figures are taken by the treasury depart ¬ ment to indicate that Liberty bonds have been taken largely by individual investors and are being held by them themThe The comptroller of the currency has no jurisdiction over and makes no reference to the banks of the country other than the national banks but it is believed that an investigation would show that most of the other banks were equally active in the loans loansSecretary Secretary McAdoo in speaking of the work of tho banks for tho various loans mado no distinction between national and other banks in praising their efficient assistance and cooperation and be has ex ¬ pressed tho hope and belief that in the coming loan they will continue the policy which has been of such tremendous countryIt service to the treasury and the country It is well here however to quote further from Secretary McAUoos statement regarding the banks banksThe The loan must have the support of the peole of America Tin support of the banks great us thfir support i and welcome s It Is nnd fcplemlid an It lias been is not enough ulone to curry the burden The only true way to finance this war H to ssll the Liberty bonds to the people of the United States The more people who buy 50 bonds 100 bonds 5000 bonds the better it is for America and the more discouraging it is lor our enemies
