The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-10-25
NORFOLK COMES OUT
CONTINUED From First Page.)

!
! date amount to $4,000, 900 and ever,
Indication points to large oversub
scrfption. OF this amount more thar
s2,so0,00o was added Yesterday The
National Bank OF Commerce added
/ Sf50,oOo to It's other subscription oil
s25o.0oo bringing its total up to a..
100000. The Citizens bank also sub
scribed to 100000
The business men who made the
greet subscription at the Norfolk
chamber OF Commerce while in SEES
sion divided themselves into teams
OF ten men each and began an i'm
mediate canvass OF the city with re-
suits that were astounding.
Ranks Subscribe Heavily.
The banks of the city were unable
to attend to any other business except
the selling of bonds. In some of the
banks the rate OF selling was about
one per minute, Some of the largest
individual subscriptions were: The
Seaboard National, s150000; the vir-
ginia National 800, 900; John r.
Roper and F. r. Priest, $4,000 each
The customers subscriptions of the
largest of the banks were as follows:
National Bank of Commerce. $4,000:
the Citizens bank, $4,000: the Trust
Company of Norfolk $4,000, and the
Norfolk National. $40, 900.
Lynchburg reports an oversubscrip-
ton that is a credit to that patriotic
city, while the campaign at Peters
burg Is increasing its total by leaps
and bounds. and its apportionment
VIII, according to the report of that
committee. be ready by the close of
business hours on Saturday night.
The Lancaster Bank of Irvington
with an allotment of only $4,000 has
subscribed $1,000
However. all parts of the state are
not sending in these encouraging re-
ports. and many of the banks to which
were sent the hurry-up messages the
other day have sent In no reports
whatever. These are principally In the
farming districts. and there seems to
he no way of arousing this contingent
TO action.
Big Corporations Apply for Admission
Governor Seay. OF the Federal Re-
serve bank. reported yesterday the ap-
plication for membership to the fed
eral reserve system the following, cor
porations; Maryland Trust company.
resources $4,000, 600; Bal
timore Trust company, Baltimore, re-
sources $16.00o,000; Baltimore Com
mercial bank, Baltimore, resources
100000: Washington Loan and
Trust company, Washington, re-
sources. s1o,5oo. o00; making a total
Of s3s, 600. 900
The secretary of the treasury offers
a limited amount of United States
treasury certificates, dated October "a, !
and payable December is, at per
cent interest. The following is the
message received by Governor Seay:
Under authority OF act of congress.
approved September "a, 1917, for pur-
poses therein indicated, and as con-
to banks and trust compa-
HES and other subscribers to the sec
md liberty loan, and as further
means of avoiding concentration of |
payments on bond subscriptions, the
secretary OF the treasury through
'ederal reserve banks, will receive t
at par and accrued in
crest for limited amount of treas
Try certificates of Indebtedness, pay
lble December rs. 1917. with interest
1t the rate OF per cent per annum
rom October ~. 1877. Subscriptions
viii be received at federal reserve
banks Payment at par and accrued
interest must be made upon allotment, !
allotments will be made in the order /
are received Right IN
'eserved to reject any subscription
md to allot less than the amount of |
applied for and to close