Morning Oregonian., October 19, 1917, Image 9

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TO OUR DEPOSITORS:
The banks of the Portland Clearing-House Association desire to call
your attention to the patriotic duty we all owe our country by subscribing
generously for the second liberty loan. Up to date Portland is far behind
in subscribing for its allotment. It is imperative that subscriptions be
speedily and materially increased;
Aside from heavily subscribing themselves, the Portland banks are
willing to assist purchasers by loaning against the bonds at 5 per cent inter
est. For example, if anyone wishes to purchase a $1000 bond, all that he
needs is $20 for the first 2 per cent payment. Any Clearing-House bank
will loan him the remainder, $980, as the payments are required, to-wit: 18
per cent November 15, 40 per cent December 15 and 40 per cent Januarv 15,
1918. ;
It is probable the bonds can be sold at par at any time, but it is possible
they may be worth more than par, as today United States 4s are $105. In the
latter case, the purchaser will be out nothing and will receive a premium for.
his patriotism. Taking a $1000 bond as an example, it is easy to figure the
possible cost to the purchaser if he subscribes for $10,000, $20,000, $50,000
or $100,000 of bonds;
When our depositors understand what little actual outlay becomes nec
essary in order to subscribe for a generous amount of bonds, there should be
no difficulty in Portland's making good on its quota. With the banks willing to
advance 98 per cent of anyone's subscription, if our city does not take its
quota, the shame and disgrace will justly rest upon those slackers who have
failed the Government in its time of need.
BANK OF CALIFORNIA, N. A.;
. CANADIAN BANK OF COMMERCE,
FIRST NATIONAL BANK,
HIBERNIA SAVINGS BANK,
LADD & TILTON BANK;
NORTHWESTERN NATIONAL BANK;
UiNllD blAli NAllUNAL BANK;