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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 interest. For example, if
anyone wishes to purchase a $1000 bond, all that he needs is $20 for the first 2
payment. Any Clearing House Bank will loan him the remainder, $980, as the
payments are required, tq-wit: 18 November 15th, 40 December 15th and
40 January 15th, 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 4's 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. J,
When our depositors understand what little actual outlay becomes neces
sary in order to subscribe for a generous amount of bonds, there should be no dif
ficulty in Portland's making good on its quota. With the banks willing to advance
98 of anyone's subscription, if our city does not take its quota the shame and dis
grace will justly rest upon those slackers who have failed the Government jn 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
UNITED STATES NATIONAL BANK