Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-10-07
RICHMOND HAS TAKEN
0NE-FOURTH OF SHARE
First Weeks Drive for Liberty Loan
Surpasses Expecta- ,,l.l5f
tions. Sf'o
SUBSCRIPTIONS GRATIFYING
Seay Announces Apport1onment tS
Various Local Banks-Efforts Be-
ing Made to Reach Each Individual
Who Can Buy Bond.

Subscriptions to tho second issue of
the Liberty loan bonds in Richmond.
including those Of several banks and
corporations announced late yesterday
afternoon. aggregated approximately
100000 at the close of the first weeks
drive in the campaign. and 25 per cent
Of this city's apportionment had becn
subscribed In tho first quarter of the
movement. No official figures were
available. but leading bankers declared
subscriptions had been extremely graft
Tying. and that the response of the
people to their country In It's hour of
need had beenSmagnificent.
Announced subscriptions yesterday
totaled approximately $1,000 900. the
second banner day in the campaign,
and 1t is probable that the official
figures will show slightly larger
amount. Reports from throughout the
Fifth Reserve District likewise showed
heavy subscriptions to the issue and
great enthusiasm among the people to
assist the government in its war un-
dertaking, according to George ]. Seay,
governor OF the local reserve bank.
CHESAPEAKE AND OHIO
BUYS FOR EMPLOYEES
President George w. Stevens. of the
Chesapeake and Ohio Railway Com
pany. issued n statement yesterday
afternoon announcing tho purchase Of
100000 OF the second issue of the
bonds. This subscription was recently
authorized by the directors of tho rail-
road. both as an investment and for
the convenience OF its employees. who
may purchase the bonds on the INSTALL
ment plan.
Employees will be given the privi-
iege of subscribing for these bonds
upon q monthly payment basis the
payments to be deducted from the pay
rolls, as was done in the case of the
first Liberty loan bond ISSUE" the
statement read. 1.-THE management of
the Chesapeake and Ohio was highly
sratifed at the liberal response made
by the employees to the first issue of
these bonds. and confidently expects
that the record made at that time will
be equaled or exceeded in the present
instance"
The 100000 subscription. it was
stated. will be divided among several
Richmond banks.
SEVERAL LARGE sUBsC- IPTIoNs
ANNOUNCED YESTERDAY
Other large subscriptions yesterday
included 100000 by the Savings Bank
Of Richmond. s26o,o00 by the Virginia
Trust Company and 100000 by the
Western Union Telegraph Company.
This company Will subscribe total
OF s2.500.000 to the second ISSUE the
subscriptions to be allotted to the
twelve Federal reserve districts on the
same basis as the bond apportionments
were made by the Treasury Depart
ment. Under this plan the Federal Re-
serve Bank Of Richmond will receive
100000.
While the showing made last week
was highly satisfactory to bankers,
the campaign for the sale of the bonds
VIII be actively opened this week. and
even heavier subscriptions are expected.
The question of subscribing literally
to the Issue will be placed before the
directors OF number of corporations
and without exception they are ex-
ected by the executive committee to
make substantial subscriptions.
GENERAL CONFE NCE OF
LOCAL BANKERS HELD
Further details for the campaign
were worked out yesterday Mt gem
eral meeting OF representatives of
every bank, trust company and finan-
ciai institution In the city. At this
conference. which was held in the di-
rectors' room OF the First National
Bank. uniform basis for the entering
Of all subscriptions was evolved, and
plans were laid by which every adult
employed. irrespective OF their associa-
tions In life, may purchase tho bonds
on the weekly basis.
1t was announced yesterday after
noon that tho local executive COM
mitteo would hold a special meeting
CONTINUED on Eleventh PaTe.J
DE WORM DRIVE TRUCK
Popular PRICES. high grade Continental