Jasper County Democrat, Volume 23, Number 53, Rensselaer, Jasper County, 29 September 1920 — WHAT OFFICIAL RECORD SHOWS [ARTICLE]

WHAT OFFICIAL RECORD SHOWS

Of McCray Bank’s Sobscription to Treasury Certificates. ISSUED FOR THE THIRD LOAN - I Took Smaller Amount Than Any Other Newton Bank Subscribing, According to Statement. •‘During the war he (Warren T. McCray) led every Newton county activity in support of our government. He gave unstintlngly of his time and money, and was an untiring worker at home, and was one of the ‘recognized leaders in state and national war "work." —Paragraph, from testimonial advertisement appearing in Republican papers prior to primary and purporting to nave been paid for by people of Kentland.) We have before us the official statement issued by the ‘‘Federal Reserve Bank (Seventh district) Bond Department, Certificates of Indebtedness Division, List of Subscribers to Offerings of U. S. Treasury Certificates of Indebtedness Issued in Anticipation of the Third Liberty Loan. Complete as to All issues/' for "Indiana.” The part in quotations is the entire text of the title page of this report. On the second page Is the following: APPRECIATION AND EXPECTATION Not because we believe that any man or institution is entitled to special commendation, either from their friends or their Government, for the performance of the utmost of their ability in matters of service to their country under the present circumstances; but merely to voice our own feeling, we wish to extend herewith an expression of our appreciation of the patriotism of the bankers of the Seventh Federal Reserve District whose subscriptions are listed herein. According to our information there will be no further offerings of Treasury Certificates in anticipation of the Third Liberty Loan, though without doubt we may expect between the date of final payment of installments of the Third Loan and the sale of the Fourth Liberty Loan, offerings of certificates in largo amounts. With this In mind it is our feeling that the bankers of the Seventh.. District should begin a careful scrutiny of their credits to the end that they will be in position to subscribe regularly and liberally to all Issues that may be offered. . The banker ‘‘serves best who buys most." Sincerely, • M. A. TRAYLOR, May 4, 1918. Director of Sales. The banks were asked to subscribe 1 per cent per week for 10 weeks of the amount of their resources, beginning Jan. 22, 1918, for these certificates of Indebtedness, and they had the right to use the certificates In payment for the bonds. Each issue of certificates was to mature in 90 days from its date. The report from which we copy begins with the issue of Jan. 22, 1918, and is “Complete as to all issues” of the Third 'Liberty loan —"Jan. 22, Feb. 8, Feb. 27, Meh. 20, April 10 and April 22,” 1918 F, when the war was on and we were all asked and expected to do our Mt.— This report shows the following subscriptions for Newton county for the above certificates:

Bank of Brook - $ First National Bank, Goodland (Feb. 27, $5,000; April April 22, $5,000) 10,000 State Trust & Savings Bank, Goodland (Feb. 27)..... 5,000 Colburn Bales Lumber *Co. Goodland (Feb. 27) 3,000 Geo. O. Balls (Bales) Goodland (Feb. 27) - H.OOO Discount & Deposit State Bank, Kentland (Feb. 27, $1,000; April 22, $1,000)..--. 2,000 Kent State Bank, Kentland, Meh. 20, $5,000; April 10 $10,000; April 22, $5,000).... 20,000 Citizens State Bank, Morocco, (Feb. 8, $2,000; Feb. 27, $1,000) 3 >°oo Farmers’ State Bank, Morocco, (Feb. 8, $1,000; Feb. 27, $1,500) 2,500 Bank of Mt. Ayr (Meh. 20).... 3,000 *. .. I ■ < Grand total $59,500 The DISCOUNT & DEPOSIT STATE BANK Is Mr. McCray’s bank and he la president thereof, as Is generally known and published in the advertising and reports of this bank. The editor of the Rensselaer Republican has accused The Democrat of falsifying the subscriptions of this bank to the “Treasury Certificates of Indebtedness issued in an-

ticipation of the Third Liberty loan.” The Democrat will present SSOO cash to the charity board of Rensselaer if either Mr. McCray, the Republican or any one else will show where it has In any way juggled or misstated the figures or language of the official statement of the Federal Reserve Bank, from Which this information is taken, and which official statement can be seen by any doubter who will take the trouble of calling at The Democrat office. p. S.—Five of the six banks of Jasper county took $243,000 of these same certificates, The Bank of Demotte taking nothing.