Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-06-13
MANY BANKS FAIL
TO REPORT ON LOAN
Treasury Unable to Make Fur
ther Report on Liberty
Bond Subscriptions.
EFFORTS ARE REDOUBLED
Tremendous Effort Will BE
Made for Success in
Final Days.
tBy Associated PressI

officials declared tonight that, because
of the failure Of many banks to report.
they had been unable even TO estimate
the progress of the Liberty loan since
last Friday night when only 1909, ,O0o.-
900 Of the $1,000. 100000 apparently had
been taken.
Another urgent call went out from
the Treasury tonight asking banks to
report subscriptions, SO officials may no
longer be kept in the dark. The call
was disseminated through the twelve
Federal reserve banks, headquarters of
the loan in their various districts.
Reports by telegraph and telephone
day from many cities told of crafty
ing progress, but in most cases con-
tained no figures. The small sub
scriber on the face of to days general
reports has awakened to the fact that
the country needs his money. and Off
cials expect the final count to show a
tremendous number of individual sub
scriptions of $50 TO 500 bonds.
TREMENDOUS NUMBER
or SUBSCRIPTIONS NEEDED
There will have to be :, tremendous
number Of such subscriptions if the
loan is 10 show the Sl0o.o0000o a day
needed for the closing seven days. One
official predicted the total number Of
subscribers would approximate 2,O)o.-
900. He based his prediction upon re-
ports from all reserve banks and many
other financial institutions.
As the situation stands tonight. OIL
ciais frankly do not know whether the
Sloo.00O,ooo a day has been obtained
Thousands of banks have failed to
notify the reserve banks of progress
made. and the tabulation showing only
$1,000. .00o,o00 stands as tho latest Off
cial figures. Another tabulation may be
made tomorrow.
To insure success the closing days of
the campaign will be devoted to re-
doubled efforts to bring out the dollars
OF the small investor AS part of this
campaign the old Liberty Bell at
Philadelphia, which proclaimed to the
world l41 years ago the birth OF the
American republic. will ring once more
in the cause of liberty. Next Thursday
at noon. beginning the last twenty
four hours of the subscription period
the clappcr of the bell will be sent re-
sounding against its cracked side
Mayor Smith. of Philadelphia, will be
the bell ringer.
At the same hour in every city town
village and hamlet throughout the
country the bells of churches schools.
courthouses and town halls will take
up the call. Factory whistles will
shrek a chorus.
SECRETARY WILSON
APPEALS TO WORKERS
To the workers of the country Sec
retary Wilson to-day addressed per-
sonal appeal, urging them TO rally their
savings for the loan.
Liberty. humanity and progress re-
quire that we must win this war" he
said our institutions and our rights
TO govern ourselves are at stake lie
who has the spirit of a free man will
make every sacrifice necessary to re-
tain his freedom. He who prefers
slavery TO sacrifice must not stand in
the way OF others. The Congress of
our nation has spoken and selected the
men who are to carry the spirit OF
democracy to the front. The impulse
for the common good has filled the reg
istration lists TO the limit and stirred
the patriotism Of those who have been
honorcd by the selection.
Others. too. must make sacrificcs
These men must he equipped and sus-
tanned. Funds must be Forthcoming 10
furnish the food. the firearms and other
supplies for the lighting forces of the
nation. The need is immediate We
cannot wait for the slower process Of
tax gathering. That can come later
FINANCES TO START
MUST COME FROM LOAN
The finances to start with must
come from the sale of bonds Two
billion dollars worth have been offered
by the Treasury Department as "A Lib
erty loan. The more freely our pco-
pie subscribe. the more thoroughly our
enemies will realize our firm dctcrmi-
nation to defend our institutions The
millions vino toll can help by buying
a bond. 1t may mean sacrifice. but YOU
have made sacrifices before for a less
important cause. If YOU cannot buy
Il bond outright. You can make arrange
ments with your employers or some
banker to buy IL on the installmcnt
plan. or number OF YOU can t.luh
together. each putting in his mite, to
buy IA bond. Every dollar counts. Let
me appeal to YOU. as you value our free
,Continucd on Second Pagc)