Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-10-22
AROUSE VIRGINIA
TO ANSWER CALL
Urgent Appeals to Every Banker
in State and District to Float
Liberty Loan.
NEED GREATER ACTIVITY
Of Allotment of $12O,Oo0,Ooo,
Fifth Reserve Has Re-
ported $54,0OO,Oo0.
NEED GREATER ACTIVITY

Urgent appeals TO every banker in
Virginia and the Fifth Federal Reserve
District to respond 20 the nations call
in floating the second Liberty loan
bond issue were issued yesterday by
members OF the central committee. di-
rccting the campaign, who declared
that unless there is greater activity
and heavier subscriptions the remain
ing days OF the campaign. the State
and district will not contribute their
apportionments. The Fifth District was
allotted n minimum amount of $780,
100000, but is expected to subscribe
5000. 100000 to the loan. Subscriptions
at the close OF business Saturday after
noon aggregated slightly less than s54.-
100000.
Bankers declared that with a few ex-
ceptions every city in the district had
responded nobly to the call, but that in
the country districts there was con-
siderable apathy. In many sections. it
was stated. there is little interest being
shown in the campaign. and fewer sub
scriptions being entered. This situation
Is said to be the result OF several fac
tors chief of which is the absence of
organization and concerted work. The
the seriousness of the situation, bank
ers said. and are giving the matter no
thought.
MANY BANKS Fail
TO REPORT SUBSCRIPTIONS
Since the government has placed the
burden of selling the bonds sauarely
on. the shoulders OF the bankers of the
country, members OF the central COM
mittee said that every financial insti-
tuition must urge upon its clients the
need Tor subscriptions, and TO do other
wise would be unpatriotic. While off,
cial reports show Virginia and the dis
trict far behind in subscriptions, bank
ers are hopeful that the real situation
Is not as serious as surface APPEARANCES
would indicate.
Fully one-half Of the bankers in yir-
ginia are not reporting their subscrip.
tions to either the central committee
or the Federal reserve banks, and bank
ers hop. that there seinstitutions.. have
entered heavy subscriptiohs.7sR = r Richard
II. Smith. chairman OF this COMMITTEES
addressed letters to more than 100
points late Saturday. urgently request
ing immediate reports as to the prog
Unless the committee and the reserve
oank Is fully informed at all times as
to the progress being made. the cam
paisn cannot be efficiently conducted
and II is for this reason that daIiy
reports are being requested But the
tardiness in reporting subscriptions is
not confined to Virginia alone. for tho
same situation exists in North and
South Carolina ha nj,
ing fairly promptly. but the rural sec
tions are exceedingly slow. and in MANY
instances have made no report OF any
character since the campaign began.
COUNTIES NOT RESPONDING
RAPIDLY AS EXPECTED
Allotments were made to the States
and cities after careful consideration,
and on the basis OF their banking re-
sources and the amounts apportioned
In every instance was necessary for the
Fi1th District to subscribe it's propor-
tionate part to the loan Every CITY ia
expected to furnish its quota. The
failure OF any city will throw an ad
ditional burden on some other section,
which bankers are determined shall not
be done.
The central committee yesterday ex-
pressed considerable surprise at the
tardiness of Norfolk is subscribing to
the loan. With an apportionment of
s5.1S9''2o, that city has only subscribed
S'6l.l5o. while Newport News with an
allotment of s9o7.2oO has reported only
$4,000. IT is possible. bankers said.
that subscriptions in both of these
cities we're being withheld until the
closing days OF the campaign, but IL
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