Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-10-20
RICHMOND PASSES
MAXIMUM GOAL
IN LIBERTY DRIVE
Oversubscribes Allotment of
Sl4,1O0,000 by Rolling Up
Sum of $14,291, 900.
SHINING EXAMPLE
FOR OTHER CITIES
Bankers Will Not Lessen Efforts,
but Continue to Cam
paign's End.
INSPIRING RECORD ACHIEVED
Atlantic Coast Limo Railroad Gives
$1,OOO,OOO Through Local
IustftufionS
INSPIRING RECORD ACHIEVED
Atlantic Coast Limo Railroad Gives
$1,OOO,OOO Through Local
Institutions.

Passing its maximum allotment, Of
3l4.loo.0oo to the second issue OF tho
Liberty loan bonds. with the close OF
the campaign seven days distant. Rich
, mond yesterday afternoon set an n,-
splrins example for all other cities Ct
the country. and bankers were deter
mined that the ovcrsubscription in this
city to the current issue of the bonds
shall be as great. in comparison. as
was the first. shortly before o'clock.
subscriptions to the bonds aggregated
$1,000, and by the close of bust
ness the total was approximately
&l5,ooo. 900. but official figures were not
available last night
Members or the executive commit
tee, of which John Kerr Branch. pres
ident of the Merchants National Bank.
Is chairman, were in their daily con-
ference when the report Was made
Great satisfaction was expressed by
the bankers at the record made By
Richmond. which is the first city OF
prominence In the United States to
pass It's maximum apportionment Tel
eErams were Immediately dispatched
to William G.. McAdoo Secretary OF
tho Treasury. and John Shelton Will
lians. Comptroller OF the Currency,
pafEn in this city
POINT TO RICHMOND AS
EXAMPLE TO HE FOLLOWED
Last night telegrams to every city
tn the Fifth Federal Reserve Dis
trict. and to each OF the eleven other
Federal reserve banks were sent by
George J. Seay. governor OF the Rich
mond reHerye Institution. announcing
h
this city. Washington authorities, ac-
cordirS to advicea received from tina /
city. pointed IL Richmonc as a gr.As
example to be followed by other ci,ies.
and declared that is city had made
remarkable sho Sing. With leading
financial C-ntnrs Of the country not
yet reached their minimum allotments
Richmond has more than passed ITS
maximum rppnrticnintnt. and SET has
one-fourth OF tho campaign TO work
Only during the past few days has
the campaien IN Richmond reached IFS
greatest momentum. 4ad the results
from day 20 day have been striking.
For this reason. bankers declared that
the oversubscriptIon to Il e second is
sue would he alTnost 8 great as for
the first series OF bonds In the first
campaign, Richmond was allotted a
maximum a.nouEE OF slightly more
than 100000. but subscribed nearly
fl3.ooo.0oo. Last night. oversubsc rip
tions. above the maximum allotment,
were moro than $780, .ooo and bankers
expect additional subscriptions OF AT
least $300o,000 in the remaining seven
days.
ATLANTIC COAST LINE
SUBSCHlBES MILLION HERE
Reports from every section of the
Fifth Reserve District indicated great
activity on the part of local committees.
with heavy subscriptions being made.
Bankers were urged to greater ac-
tivity by Governor Seay, In order that
the district may reach its allotment
Bankers throughout Virginia also re-
ported heavy subscriptions, but no fig
ures from either the district or the
State were available last night because
Of the vast amount OF clerical work
necessary for the tabulation of the
returns.
Featuring the developments in Rich
mond yesterday was the subscription
OF 100000 by the Atlantic Coast Line
Railroad Company through the banks
of this city. The matter had been un-
der consideration for several days by
tho railroad, bankers having impressed
upon them the Importance OF placing
their subscription through Richmond
banks. since the people of this city
were cooperating with the railroad
in every possible way in all its under
takings here during the past two years
Tho chesapeake and Ohio Railway
Company also subscribed an additional
100000 through Richmond
There were also several other large
subscriptions yesterday, the total for
the day aggresating more than $780,
600. Among the larger subscriptions
announced last night by w. #. Dabney,
executive manager of the local cam
paign. was the Bank of Commerce and
Trusts, an additional $780, 900, making
a total Of 100000 by this institution;
Richmond Forgings Corporation. $780,
600; Southern Manufacturing Company
$4,000; Larus Brothers Tobacco Com
pany $4,000: Virginia Fire and Marine
Insurance Company. sss.o00; the Corley
Company. $4,000; T.. C. Laird $4,000
HEAVY SUBSCRIPTIONS
CONTINUE THROUGH BANKS
The Merchants National Bank, which
was allotted $2,0s6.000 by the Federal
Reserve Bank. announced yesterday
afternoon that It's subscriptions totaIed
4 $500. .o00-50 per cent in excess of the
total apportioned to 1t. Other banks
likewise reported a continuation of
heavy subscriptions throughout the
day. and last night clerks were busy
listing the pledges and in completing
reports to tho reserve bank
Both Mr.. Branch and Mr.. Dabney
returned to Richmond yesterday morn
s. Continued on Fourth PaIe.l =