Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-05-22
SALE OF LIBERTY LOAN
OPENS AUSP|C|0UslY
Local Bankers Well Pleased With
Way Public Is Responding
to Demand.
RULES FOR WEEKLY PAYMENTS
Every Bank Will Sell Bonds on
Time. With Arrangements Similar
to Wcil-KnOwn Vacation and
Christmas Clubs.

Christmas Clubs.
Tho urSt days subscription in Rich
mond 10 the 5000. oOO. 900 Liberty Loan
bonds was entirely satisfactory and
highly encouraging yesterday. leading
bankers said last night. hut they re-
'cratcd previous statements that tho
government must he given the fullest
cooperation from every man and
woman in this city able to purchase a
bond If tho $4,000 allotted to Rich
in"nd - To he subscribed immediately
f.N"rN hahk ana banking institution in
Richmond and throughout tho United
states. opened subscription lists ycs-
'crd"! morning, and. ut tho close Of
BUSINESS. reported encouraging results.
NO announcement made last
night as to tho total amount of bonds
subscribed during the day. but several
OF tho larger banking houses had So
cured q number of Subscriptions some
at which were for fairly large amounts
ranging up to $1,000. In tho down
town section several Of tho banks cs-
tablished young women at tables in
the lobbics who distributed attractive
~ printed folders and entered sub
scriptions to the issue Practically all
the subscriptions secured by these
young women, however. were for "a $50
hond. each to he paid for in weekly
inStallmcntS.
PLANS ARE MADE ron
HOCSE-TO-UOISE CANVASS
Plans for housc-to house canvass
IN Richmond. afordnG tho widest nos.
S'o'r puhiicltE for the campaign being
conducted to dispose Of tho govern.
ment bonds. were discussed Yesterday
afternoon at meeting OF tho local OK
ccutiNe committee. of which Richard
~. smith. president Of the Planters
National Bank, is chairman. This chm
mittcc Is preparing attractive circu-
lars which will he placed in every
home in Richmond. together with sub
ScriDtion blanks for tho bonds
BANKERS Will enlist the help OF tho
Soy scouts in distributing tho circu-
lars. on which will he marked a date
when the Scouts will make another
canvass of the city. collecting .he sub
scriDtion blanks. In this way il is
believed that practically every per-
son in tho city able TO purchase "a
bond will bc approached while all
banks viii he only too glad to furnish
any additional information that is de-
sired. These blanks will probably be
distributed carly next week
Several other special committees
were appointed by the executive COM
mittee at its meeting Yesterday after
noon. but with one exception were not
announced. Their personnel will lie
made public after the committees
meeting to-day. when further details
in the campaign will be worked out
The committee announced Yesterday
was one which will devote it's work
especially TO advertising. and is head
ed ny Robert Il. King. Advertisers OF
Richmond Will be requested by mem
hers OF the committee to donate. as
thcir patriotic duty. :, part OF their
advertising space. in which attention
viii be directed daily to the Liberty
loan bonds. and reasons for the pur-
chase OF these bonds set forth
RULES LAID DOWN
F0H WEEKLY PAYMENTS
Richmond bankers entertain high ex-
pectationS from the savings clubs that
have been formed by every bank in
which subscribers may pay 81 down and
81 per week for every bond sub
scribcd. The rules for admission 70
these clubs were announced Yesterday
AS follows:
That weekly deposits are to he
made IN the bank Of the amount called
Tor on the date due That the mem
herShip card is not negotiable or trans
ferable and demand cannot he made
FOR any money paid in on same be
fore June 10 1915 That no deposits
VIII he received unless accompan MED by
members Liberty loan savings cards
Ihat payment must he made every
week O! in advance. That remittances
sent by mail are AT the depositorS'
risks and must be accompanied by re-
turn postage. That the membership
card must he presented at the bank at
inc time of making payment. to the
proper person or persons duly au-
thorized by the bank to accept and re-
ccipt Tor funds who will receive the
money and punch out the amount pa id
IN Inc members presence.
That IN case OF any difference he
tween the membership card and the
bank Office record Of duplicate num-
hcr AS to the amount paid in on this
account. the member agrees TO accept
the amount shown on the banks Office
records as the correct amount due the
member and viii release the bank from
any further liability.
Ihat the bank reserves the right
TO rcfus" deposits or discontinue re-
cciNinG further deposits from the mem
Der II the above rules arc misuscd or
abused. That June IL. 1alS. upon the
members having complied with all tho
rules OF this club. the amount then TO
tho members credit shall he used to
pay the bank for q United States 8 ID
per cent fifteen to thirty-ycar Liberty
loan bond of similar amount. with De
cemhcr. 1915. and subsequent coupons
attached. thc members application for
said bond having been duly signed and
filed with the bank as part az this
agreement