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Circular No. 23 Series of 1918 D IR E C T O R S O F F IC E R S W . F . R A M S E Y , C H A IR M A N AN D FED ER AL R ESERVE AGENT W . B. N EW SO M E. . D E P U T Y C H A IR M A N J . J. C U L B E R T S O N , . . P A R IS , T E X A S F R A N K K E L L , . W IC H IT A FAL LS, T E X A S B . A . M C K IN N E Y , . . DURANT. O K LA . M A R IO N S A N S O M , . F T . W O R T H , T E X A S JN O . T . SCO TT, . . HOUSTON. T E X A S E . K . S M IT H , . . SH R EVEPO RT. L A . H .O . W O O TE N , . . A B IL E N E . T e x a s R. L . V A N ZA N D T , GOVERNOR J. W . H O O PES, D epu ty Go verno r LY N N P. T A L L E Y , C a s h ie r SAM R. L A W D E R , a s s is t a n t C a s h ie r R . R . G IL B E R T . a s s is t a n t C a s h ie r P AU L G. TAYLO R , A s s is t a n t Ca s h i e r Federal reserve Ba n k OF DALLAS C H A R L E S C . H A L L , A S S IS T A N T Federal Reserve a g en t w . C . W E IS S ........................................a u d i t o r R. B. C O LEM AN , A s s is t a n t c a s h ie r Dallas, T e x a s. May 15, 1918. A S P L E N D ID V I C T O R Y To Bank and Trust Companies, Liberty Loan Committees, and Workers of the Eleventh Federal Reserve District: According to latest tabulations, our total subscriptions to the Third Liberty Loan will probably exceed $110,000,000 as against our minimum quota of $80,000,000. Too much praise cannot be offered to the men and women who, by their untiring ef forts, complete forgetfulness of self, and their firm determination to win have made the victory possible. The Eleventh Federal Reserve District is proud of its success, and it has every right to be proud. This campaign has been conducted during a time when business ac tivity is at its ebb, being just between crop seasons. A number of counties are in the throes of an extended drouth, as the result of two practically rainless years, and yet in the face of these conditions you have successfully financed a loan for this District much larger than either the First or Second Liberty Loans. If we have not responded to requests made upon us, nor favored you with our acknowl edgment of individual efforts, it is simply because the volume was more than we could cover, and if, perchance, you feel that we are not appreciative of efforts which you have made, I sincerely trust that you will favor us with your indulgence and rest secure in the belief that your efforts have been appreciated, more than it is possible to express. It is indeed gratifying to note that in addition to the amount of money subscribed by the Eleventh Federal Reserve District the number of individual subscriptions will amount to almost three times the number subscribed to the Second Liberty Loan, thereby assuring us that the loyalty of the people of this District in the nations fight for world democracy stands without question. A L L HONOR TO TH E LIB E R TY LOAN W O RK ER S OF TH E ELEVEN TH DIS TRICT, AND T H A T V A ST ARM Y OF SUBSCRIBERS W H O H AVE SHOW N BY T H E IR M AGNIFICENT SUPPORT T H A T T H E Y ARE W IL L IN G TO BACK THE ARM IES OF AM ERICA W IT H A L L T H E IR RESOURCES IN A FIGHT TO THE DEATH FOR LIB E R TY AND RIGHTEOUSNESS. Sincerely yours. Governor and Executive Chairman War Loan Organization Eleventh Federal Reserve District. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)