Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-05-26
SATISFACTORY PROGRESS
REPORTED IN BOND SALES
Governor Scay Urges Individuals to
Buy. Bonds tn Preserve Bank Re
sources for business.
REACH 800 WORKERS IN CITY
Publicity Manager Dab ncy An
nounces City-Widc Canvass To Sell
Liberty Bonds Allotted Richmond.
Banks 10 Meet on Monday.

All banks and hanllinc institutions in
Richmond will be represented at a Spc-
cial meeting Monday afternoon at $3.50
O'clock when III" executive committee
IN charge OF tho campaign now being
conductcd To soil this city's allotted
100000 of Liberty boud loans will
announce it's active program for the
campaign. which il has had under con-
sideration for several days. All banks
will. be requested To work together i'll
the campaign and i"nd general as
sistsnoe 10 the committee.
w. T. Dabncy. business manager OF
the Chamhcr Of Commerce who has
been named publicity manager of tho
campaign, said last night that a per-
sonai canvass would he made OF the
entire city within tho next few days.
This canvass will he in addition to the
house-to. house campaign to he con-
Quoted next week by tho Boy Scouts of
Richmond. Mr.. Dabncy said he hoped
10 have 500 canvassers al work within
several days.
Several large commercial and indus
trial corporations now have under con-
siderstion the purchase of the Liberty
bonds, and are expected 10 announce
their position in the mex; few days.
Among them arc three railroads hav-
Ing their general offices In Richmond.
tSe Chesapeake and Ohio, the Virginia
Railway and Power Company. and tho
Richmond. Fredericksburg and Poto-
mac Railroad Company. Subscriptions
already made by other Southern rail-
roads, however. can only be considered
IS subscriptions to tho Fifth Reserve
District, and not from this city.
BANKS REPORT
LIBERAL SUBSCRIPTIONS
Ranka last night reported generous
subscriptions during the day, mainly
for single bonds while capitalists arc
also investing In the bonds, and the
general sale was stated to be highly
encouraging Members of the cXecu-
tive committee said. however. that
from their reports Richmond was not
contributing as quickly to the loan as
they had anticipated and urged citi-
gens to delay in their patriotic duty
no longer.
In a statement TO the banks. bank
ers and investment houses OF the Fifth
District. Governor George j. Seay. of
the Richmond bank. said yesterday that
all hoarders OF money must he reached.
lie said that the Liberty loan gives
them the opportunity OF Il life time
q security better than cash, because II
carries interest and is readily con
yertible into cash. and safe under all
conditions.
DO not forget that IL subsequent
loans are issued at a higher rate, the
Tinterest on this loan will be raised to
that rate" Mr.. Scay said. I'VE know
that this is largely an agricultural dis
trict and that capital is now being put
Into the ground To raise food aud other
supplies, which we anu our allies must
have. But this loan cannot he raised
out Oft income of the past. That
income is AT work in this district and
the country at large. II is. then. not
only our savings. but the income of
the future which we must pledge for
investment I'm this loan. and II will he
necessary TO anticipate that income I'm
making subscriptions.
This is the peoples loan. II is OF
the greatest Importance that the bonds
be, placed to the largest extent pos
eiblc with individuals so that hank re-
sources may be kept available for bust
ness purposes. our own security and
liberties az we'll as H.. liberties OF
other people Of the world are drpcn-
dent upon the success of the Liberty
loan"