New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-01

inc flrSt National BANK or New
York has entered the banner subscrip-
tion 10 the Liberty Loan. II has taken
S15.000,000 Of the bonds. part for it's
own account and part for its custom
erS. Its subscription probably will be
increased to s10O,000,OOO before the
books are closed. This is the sub
scripton 20 which Frank A. Vanderlip
referred in an address at the Century
Theatre on Tuesday night. Included
in the First Nationals subscription are
subscriptions Of George F. Baker
chairman OF the board, and of other
men of great wealth. as we'll as heavy
participation by railroad and indus
trial companies.
Liberty Loan SO participation GER
tifcates. offered by the New York Fed
eral Reserve Bank for the first time
yesterday. met with a big demand
Large blocks were taken by the uptown
stores which have been pushing the
sale of the Liberty Loan bonds among
small investors.
Banks TO Sell Certificates
The downtown banks also took large
amounts of the certificates 10 sell
cover the counter" TO those who wish
10 buy their Liberty bonds in small
instruments. The National City Bank,
the Mechanics and Metals National
Bank and the Chatham and Phenix
National Bank were among the larger
institutions receiving substantial allot-
ments.
zimmerman & Forshay, who before
the declaration of war with Germany
by the United States were active in
offering German bonds here. made a
special window display of the certiii-
Gates and reported the sale OF a large
number 70 customers whose sympathies
were with the Teutonic allies until this
country entered the war.
To correct misunderstanding which
has arisen in some quarters the Lib
erty Loan Committee stated that per
sons desiring to use the short term
certificates of Indebtedness in payment
for bonds must enter a subscription, IS
the certificates are not directly con-
vert BILE into the bonds except in pay
ment Of formal subscriptions.
Of the large number of individual
subscriptions to the loan announced
Yesterday Wall Street took particular
interest in those of Jesse l.. Livermore
and Middleton s. Burrill, who are
known as heavy stock market opera
tors. Each took 100000 of the
bonds. In the case of LivermOre
report on the floor OF the exchange had
II that he had promised TO subscribe
10 a million dollar block when Steel
common touched 1876. This stock sold
at the new high price Of 1865 yester-
day,
Other Large Subscriptions
Other subscriptions included $1,000
600 by the Travellers Insurance Com
panv. OF Hartford American Sugar
Refining Company, 100000; Amer
can Tobacco Company. 81 900 900; kean.
TAYLOR & Co.. 81 .96l $50; Bank OF New
York. 100000 for its own account
and 1.00O,0 900 for the Atlantic Mutual
Insurance COMPANY; William II. Goad-
b. & Co. $500. coo; Metropolitan Trust
COMPANY, S2.500.000; Victor Morawetz.
5000 GOO; United Shoe Machinery Com
pany. S1.00OOO0: Endicott. Johnson &
Co. s1.0O0.e00; II. 7. Goldschmidt
Co. 81 900 900. Jacquelin & de Coppet,
100000; Pennsylvania Company for
Insurance on Lives and Granting Annu-
tiles, 100000 John Muir Co, an
additional 100000.
From Boston came the announcement
that the First National Bank Of that
citv had taken sl0,0QO.O0o Of the Lib
erty bonds and the Merchants Ma
tionsl Bank 100000.
Cardinal Gibbons let it he known
Yesterday that he soon would address
an open letter to the clergy Of the do
cese Of Maryland. exhorting them TO
their best endeavors in the furtherance
Of the loan project.
A campaign to popularize Liberty
bonds in the East Side and other con-
pested districts Of the city has been
launched by Walter Sachs. Of Goldman,