College News and Departmental Notes: The Liberty Loan
by Departmental notes - 1917
On May 25, Dean Russell addressed a general letter to the staff of Teachers College as follows: "The trustees of Teachers College have authorized the treasurer and myself as a committee to receive subscriptions for the purchase of the United States Liberty Loan War Bonds. We are also authorized to arrange a system of partial payments by those who wish to subscribe but can not pay the full amount of the purchase price on or before July 1." This proposition was further considered at a staff meeting held May 31 and met with a very encouraging response. To put the matter before all the officers of Teachers College a committee was appointed by the Dean as follows: Professors Abbott, Andrews, Goodsell, Van Ars-dale, of Teachers College; and Mr. R. B. Williams and Miss Marion Pratt, of the Horace Mann School. This committee has met with the most gratifying success. In collaboration with Dean Russell, a plan has been worked out by which "the College will advance any sums pledged, deducting the amount in ten equal installments from next year's salary checks, and holding the bond for the subscriber until next June. It will also, if desired, provide permanent safe storage for the bonds, and arrange for the deposit of the coupons when due. If a subscriber should be unable to meet the payments, the College could, by selling 'the bond, protect him against loss."
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