Excerpt from Report of National Woman's Liberty Loan Committee for the Fourth Liberty Loan Campaign: September 28th to October 19th, 1918
When the United States went into war with Germany the business of bond selling was a field so new to women that all work within it has been genuine pioneering. The organization of women for the task has been the work of the National Woman's Liberty Loan Committee, which has served in co-operation with the Treasury's war-loan organization. The members of this committee, serving as volunteers, have performed the work of enlisting more than a half million women as sellers of Liberty bonds.
The first labors of the members of the committee, after the closing of the first Liberty loan where their work had been general publicity of war finance among women, were concerned with the adjustment of established organizations of women throughout the country to the established machinery for the raising of the loans. Where organization existed, the women of the Nation were organized by States, while the Treasury's loan organization was based upon the twelve fiscal divisions of the United States. It was the problem of the committee to correlate the two schemes of organization. They solved it by the appointment of both State and Federal Reserve chairmen, the former responsible for actual organization of women in their respective States, the latter serving as the representatives of the women in dealing with the Liberty loan committees of the respective Federal reserve districts. Liberty loan committees elected the women Federal reserve chairmen members of their executive committees.
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