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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)