Evening Republican, Volume 21, Number 20, Rensselaer, Jasper County, 1 February 1918 — TO MAKE GOOD LIBERTY BOND LOSSES [ARTICLE]

TO MAKE GOOD LIBERTY BOND LOSSES

The Federal reserve bank of New York announced Thursday that the Bankers’ Life company of Dee Moines had arranged to make good the losses suffered by purchasers of Liberty bonds through the speculations of Elmer Dwiggins, former general manager of the insurance company’s New York, office. As a prelude to this plan the assets in the hands of the receiver in bankruptcy appointed for Dwiggins will be turned over to the Bankers’ life company. Thousands of persons who bought bonds on the installment plan will have their loss made good through the arrangement made.