Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
The men whom he addressed were all recognized as organizers, all had
been identified with big business. However, few of them had had the
general contact with the public so essential to popularizing the loan.
They knew how to sell, but not in small denominations or to millions of
purchasers. In an abstract sense they realized the value of advertising
and newspaper publicity, but not one of them had the remotest idea of
how the ideal of Secretary McAdoo could be realized.
ORGANIZING THE FIRST DRIVE
It was at this point that their resourcefulness came into play. Their
first move was the right one; they engaged specialists to undertake the
tasks of which they knew little. They addressed themselves to the public
through men skilled in establishing such contacts as are given through
advertising, publicity, and canvassing. In the brief time allotted to
them, they barely had time to surround themselves with this trained
talent.
Verily, it was shooting in the dark, a process of hit and miss. Some one
said that the campaign in the First Loan was planned as we went along,
and that is literally true. The patriotism was there--that was an
unquestionable fact; the problem was to make it manifest itself in
sacrifice of savings and earnings. The work of the whole three weeks was
experimental and the country was the laboratory. Let it be said that the
alchemy of patriotism transmuted the hearts and minds of the public into
pure gold. Once the people were informed of their duty toward the United
States they rallied instantly.
Newspapers turned over their columns, advertisers offered their precious
space--and it was precious in those days of paper shortage; stores and
banks opened booths for sales, public speakers cancelled every other
engagement that they might participate, factories strove to enlist every
person in their employment as purchasers, clubs responded in whole
memberships, women's committees were formed for the acceleration of
interest, churches consecrated themselves to the project, trade unions
abandoned all differences with employers and allied themselves
unselfishly, writers pleaded for a chance to exercise their influence,
foreign language groups demanded opportunity to prove their Americanism,
actors, singers, and lecturers begged for a place in the campaign.
Wholeheartedly and with utter disregard of personal sacrifice this vast
aggregation committed itself to the task. The initial momentum gave the
drive the force of an avalanche that swept everything else aside. There
came times during this first drive when the issue seemed in doubt, but
this was due more to an excess of enthusiasm than to a lack of support.
When the totals were in, it was realized that these misgivings were due
to the physical inability of the tabulators to keep abreast of the tide
of subscriptions. The subscriptions went to $3,035,226,850.
Public-domain text, read in full here on John Shaqi.
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