Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-10-05
LIBERTY LOAN CAMPAIGN
RECEIVES GREAT IMPETUS
Subscription of First National for
$1,0OO,OOO Encourages Lo-
cal Committees.
EXPECT AN MISREPRESENTATION
Governor Seay Issues Bulletin to All
Banks in Fifth Federal Reserve
District - Many Speakers Enlist
Their Services.

Governor George ]. Seay. Of the Fed
eral Reserve Bank Of Richmond, which
is the fiscal agent of the United States
| government, yesterday sent broadcast
word that the first big gun in the
second Liberty loan campaign had been
| fired in this city and that the honor
| belonged to the First National Bank.
| The board of directors OF that insti-
tuition on Wednesday voted to invest
Sl,oOo,oo0 in the bonds. as told In The
TimeS-Dispatch yesterday, and II was
the first subscription which went into
seven figures made in Richmond to
the second loan. This subscription was
for the First Nationals own account
1t was announced yesterday that the
Broad Street Bank would invest S5O,-
o0o in Liberty bonds. and long before
the campaign ends 1t is expected all
local hnaEcial institutions will have
subscribed literally in doing their part
TO help make the world safe for de-
mocracy.
While subscriptions from patrons are
flowing into every bank in the city.
no announcement SO far has been forth
coming which would give any idea
as to the aggregate sum invested.
Governor Seay expressed the convic-
ton that member banks would UNI
doubtedly refrain from making known
the quantity of bonds purchased until
the latter part Of the campaign.
EXPECTS RICHMOND TO
oVERSUBSCRIBE ALLOTMENT
Ihat Governor Seay expects Rich
mond and the Fifth District to over
subscribe its allotment of bonds goes
without saying, and that such will be
inc case seems to be certain Follow
ing the conference Of bankers from
throughout this reserve district, which
was held in Richmond last week. word
las peen received by Governor Seay
mat all member banks are actively
at work in behalf of the loan and
quick response from the public is CON
hdently looked for.
Advertising work in behalf of the
campaign has gone apace. but II has
bS no means been completed Already
naming posters and touching appeals
greet the public from many VANTAGE
POINTS. but there are more to cone
New material of this character Is he
ing received daily at Liberty loan
headquarters. Eleventh and Main
streets and 1t is being distributed
comes in q" ~
"hile the campaign Is on, its activ-
ny mas not reached the proportions
thal IL must assume. and will not fox.
se'eral days, the plans of the commit
tee In charge being for preliminary
campaign Of publicity before launching
aggressive work to bring in subscrin.
october 10 is the date agreed upon IN
go at the work in earnest, and from
that time OH things will move with vim
and enthusiasm. "
DABNEY PREPARING
FOR VIRGINIA CAMPAIGN
william T. Dabney. executive secre-
tary OF the committee which has the
task In hand. is busily engaged in put-
ing his machine in order for the big
push. Committees needed for various
duties are being whipped into shane.
ready to go ahead from the bark Of tho
gun.
From pulpit and stage, at all public
gatherings and any meeting where
men, women or children are attracted
the Importance of subscribing to I'm
Gle Sans gigantic war loan will be
driven home. Every minister in the
city has been invited to Cooperate to
TINS END, and several pastors have ac-
cePteu appointment to the speakers
committee from which orators will he |
selected to speak upon any and all
occasions. |
Men from every walk In life have
consented TO fulfill this patriotic SER
vice
The point which will be driven home |
Is that In subscribing to Liberty bonds |
no one Is contributing to charity Those |
who buy bonds, no matter in what sum |
are investing their funds in securities |
which have behind them the United |
states Treasury. and VIII bring in in |
terest at the rate of 4 per cent per an |
mum. Ihere Is not shade of doubt |
as to the stability of the investment.
In fact. it is regarded by fnanciers
as the golden opportunity for persons |