New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-22
1000 individuals Place Or
dcrs Totalling $4,000, 900
with One Concern
400 Statesmen in
Broadway Parade
Many Subscribe in Drygoods
District; Department Stores
Giving Great Aid

Wall Street bankers. who last week
were pessimistic over the outlook for
the Hotation Of the Liberty Loan, yes
torday expressed great satisfaction
over the way subscriptions had begun
to come into the banks.
At one of the leading commercial
banks. which had subscribed for SlO,-
100000 worth Of the loan, 1000 indi-
vidual subscriptions calling for s4.-
100000 worth Of bonds have already
been received, and, If subscriptions
continue to come in at the same rate,
officials believe that il will be neces-
sary TO take an additional share OF the
bonds. BY far the greater number OF
investors desire the 500 and 5000
bonds. although the banks share is in
those of higher denomination.
Led by the 7th Regiment Band, 400
bond statesmen yesterday marched up
Broadway to Twentythird Street
where they separated and began a can
vass of the wholesale drygoods houses
in that neighborhood for subscriptions
to the loan. Although their efforts
were directed toward interesting hrms
in adopting plans under which EN-
ployes could subscribe for the bonds
on the part payment plan, hundreds OF
individual srbscri options were taken.
Worked in Squads
The statesmen were divided into
SQUADS Of about twenty each, under
the general direction of j. +. Patter-
son.
One of the largest sources OF SUD
scriptions promises TO be the depart
ment stores of the city, many Of when
permit charge customers to charge sou
worth OF bonds to their regular &C
counts. payable in instalments until
August 80. Yesterdays sales. because
~ this system, amounted TO thousands
~ dollar. in several of the larger
stores.
McCreery.. Hearn's and Altmans
are among the stores in winch ponds
are being sold, and regular bond
booths. in charge of clerks from the
Liberty Loan Committee. have peen
placed in prominent positions IN the
stores.
At the request OF the Liberty Loan
Committee Mayor Mitchell yesterday
appointed himself honorary chairman
Controller Prendergast chairman, and
the five borough presidents vice.chair-
men. of a committee TO promote the
ACQUISITION Of bonds by city and county
officials.
A committee representing the JOB
printing trade. with Charles schweln-
Ter. Of the Schwenler Press. as chair
man, met Yesterday at the Vanderbilt
Hotel to learn from W. r. Mckee, vice
president of the National City Com
many. how they could best aid IN the
sale Of the bonds.
4 subcommittee on state banks of
which Walter +. Frew is chairman,
meeting st the Clearing House, was
told by Stephen Barker that out Of
100000 circulars sent out only $50
RESPONSES had been received. NJ. De-
lano. OF Brown Brothers e. Co., de-
clared that New YORK would subscribe
for at least half the issue of the bonds.
DR.. Hills Starts on Tour
The Rev. Newell Dwight Hills left
Yesterday TO tour the country under
the direction OF the American Bankers
Association. To-day he will address
several organizations in Dayton, Ohio,
on the wisdom Of making the Liberty
Loan a success.
The largest subscription for the Lib
erty Loan bonds announced yesterday
was for S2,500,000 from the American
Smelling and Refining Company. This
corporation, which is controlled by the
Guggenheims. also took $2,500.0 900 Of
the last issue Of certificates Of indebt-