Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-06-17
STILL TABULAT|NC SALES
OF LIBERTY LOAN BONDS
Complete Figures as to Sales Will
Not BE Available for Sew
cral Days.
ESTIMATES ARE RECT
Unofficial Figures Show Richmond
Ahead Of All Other Southern Cities,
More Than Doubling Total OF At
lanta's Subscriptions to Loan.

Without official figures from the Fed
eral Reserve Bank. Richmonds sub
maincd substantially the same ycsterda y
as the estimates reported by the various
institutions late Friday. placing the
total in excess OF si3.4cO,O0 Tabula-
tions made late last night by the Fed
eral bank. which has not as yet COM
! plcted it's work. placed the total sub
scriptions for the Fifth Federal Reserve
! District considerably in excess Of
Sl0ho00.ooo, the maximum amount al
! lotted 10 IL by the Treasury Depart
! Incnt. with Indications pointing 10 a
| moderate oversubscription of the loan
in this section.
AZ midnight on Friday the Federal
bank had tabulatcd subscriptions
slightly above Sl00Ooo.oO0 and this
work was continued throughout the
day yesterday and into the night No
estimate of the total amount of bonds
taken in the district. however, was
available. beyond the statement from
Governor George ]. Seay that tho Fifth
Distric, had oversubscribcd its mlxi-
mum apportionment. Mr. Scay could
make no estimate as to how great tho.
II 1
would be probably forty-eight or more
! hours before any official statement
| could be made
PRELIMINARY ESTIMATES
ARE FAIRLY ACCURATE
Estimates OF Richmond's approxi-
mate subscription TO the loan, which
were placed At sl3.4o7.soo, were made
by the individual banks and trust com
"a hnr NJ
Liberty loan campaign committee and
! for that reason are believed TO have
been fairly accurate. The staff Of
clerks at the Reserve Bank however
has been unable TO complete its first
tabulations, and no statement of this
city's or any other sections subscrip-
tions could be obtained last night.
All excitement incident to the cam
paign had completely subsided yestcr-
day. with the corps OF stenoGraphers
| assigned by the various banks TO the
central bureau returning TO their usual
duties. The headquarters at lll4 East
I Main Street were closed early in the
day, and William T. Dabney, who
served as executive manager of the
campaign. returned TO his duties at
the Chamber of Commerce as business
manager. George w. Rogers. assist
business. which he had temporarily
abandoned to assist in the campaign.
Richmonds record in subscribing
Sl3.i07 500 of the bonds was even more
widely discussed by financial men yes
terday, when reports from other sec
tions OF the country were received,
showing that this city had far cx-
cceded many other cities of Il substan.
TALLY larger population. 1t is be-
licved that Richmond will lead all
Southern cities. and will demonstrate
| that ii is the most progressive finan-
cial center in the Southland Figured
on the basis of population, il is one
| OF tf, leading banking centers OF the
| country.
RICHMOND BELIEVED
| TO LEAD WHOLE SOUTH
Early unofficial reports placed the
! total subscriptions in New Orleans at
! Sll,45n.00c. which was s2.000.000 less
than in Richmond. Birmingham. ac-
cording to these figures, subscribed "A
total of s5,350.00o, and Atlanta. s5.O05.-
| $50 In q general way, though. any
| comparison is useless until official fig
urcs are available, for reports from
! other section. denote the same stua-
/ tion as existed in the Fifth District.
the banks having withheld heavy sub
scriptions until the last few hours of
| the campaign.
In explaining the work necessary be-
! fore official figures could be announced.
| Governor George j. Seay. of the Re-
serve Bank. said last night that prac-
| tically every subscription had to be
listed separately. Some people had
| paid per cent Of the total subscrip-
tion. others had made an initial pay
ment of 10 per cent. while still other
! subscribers were making a full settle
mcnt for their subscriptions. These,
and other factors. made it necessary
| to tabulatc almost every individual
subscription. with the result that the
clerks were far from completing the
| task before them. 1t is probable that
n statement will be issued by the in
! stitution late tonight or Tomorrow.
No official report from Washingto ton
has been received by the Reserve Bank.
that city's report having gone directly
| to the Treasury Department. This ac-
|