The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-06-16


& 6a1an D.yesS 70 cpme First
0hA thing - certain. the men who
Gnekx $50 ana eloa bonds will get
o5fo 1rst. The terms Of the icsn
poenly set forth that the secretary
81 oosvod the right to reject any or
tart of any application made for the
4 10Ndo Now the question arises which
6& xhe huge individual and corpora
eion subscriptions will he shave down.
AIR Of Elatton Peryades.
There WAS something OF the atmos-
1here Of citation in the secretary OF
H. trexsury's once during the after
neon. Telegram after telegram was
y received. all presumably with tidings
~ the most encouraging nature. Mr..
1fcAdoo did not reveal the contents
- any OF the messages, but as the
wires buEzed more vigorously he is
e0sd . statement as follows:
~T1ac liberty loan has been
Ovcrsuhsczfbed.
s~Tlac success Of the loan Is n
genuine triumph for democracy.
r. b the unmtstakablc expression
Of American determination To
carry on this war for the protes>-
tiOn Of American rights and the
re-estAhiiShment Of peace and
liberty throughout the world to
. swift and successful conclusion.
II am deeply grateful to the
bankers, the business men and
women OF America, the patriotic
organizations and the people gen.
orally. without whose cordial CO.
operation and enthusiastic sup
poft success could not have been
won.
cit has bren an inspiring cam
paiEu and II has had a glorious
Sntsh."
Then the secretary devoted him
self TO reading more returns as they
came In from the various Federal Re-
serve districts and was made hap
pier though still declining to give cut
any definite figures or to make any
predictions He sent the following
message 70 all Federal Reserve banks:
Message TO Reserve Banks.
II desire TO express my deep APP
probation OF the efficient and pa
triotic service yon have rendered in
Connection with the liberty loan. the
success of which has been so strik-
ing ard pleasing TO the country. VIII
you not convey 10 the liberty loan
committee of your district and to all
the other organizations which have
co-cperated with you N this great
liberty loan enterprise the assurance
~ my warm appreciation as well as
nav cordial thanks.
"wsll YOU not also urge these COM
mitfeSs to preserve their organiZa-
tons I'm order that they may be pre-
pared to render signal service of the
same character 10 their government
when II Is called upon again to seek
an additional credit II is OF the ut
most importance that the spienofd
machinery now perfected shall be
available when needed"
The frst definite figures OF the day
were those reported from the city
Of Washington. The banks OF the
district. which had kept open far be-
yond business hours last night. were
gwamped with applications when they
opened their doors this morning.
Right up 10 the last possible minute
in which to wire the Federal Reserve
bank In Richmond the bonds were
sold and II was estimated at the de-
partment that the nations ca ital had
ut leas. subscribed s1a.024, 600, Just
twice the allotment. These figures rep
resented 81 geo individual subscribers.
or one out of every seven OF popu1a-
ton. II avs said at the department
that many Washingtcnians had taken
their money direct to the treasury.
which will leave many more thou
sands to be added to these official
figures.
The navy. or at any rate that part
81 II represented in Washington. did
In share nobly. Subscriptions from
navy department amounted at noon
cants being 1920. In the next two
$4,000 more. but the deadline had
IN