New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-06
Liberty Loan Subscriptions
Here Reach $225,OOO,OOO

Liberty Loan Committee included thu
following:
Equitable Life Assurance Com
pany .................... SlV,VVU,uUO
The Metropolitan Life Insurance
Company. through Metropoi-
tan Bank; also 100000
through lis home oHice on the
Pacific Coast ................ 10000. 600
Chatham PhenS National Bank. 5000 oo0
National Park Bank ........... 100000
Chicago, burlington Quincy
Railroad Comprrs. through
First National Bsrf......... 5,000.0o0
Metropolitan Trust Company 100000
international Mercantile Ma
rinc Company ............... 100000
Lazard frercs. through First
National Bank .....'........ 100000
Kuhn. Loeb & Co'.,......... 100000
M,llett. Roe & Hazcn through
tional Bank -. 100000
The Mineral Separation North
American Corporation ......, 100000
The Central Foundry Company. 25O.0oO
". n. Grace & Co............. 1.000.000
Wilcox. Peek & Hughes ........ 100000
Federal Sugar Refining Com
pany ....................... 25O.OOo
+. II. Lane & Co............. 100000
American Trading Company o.. 100000
Oppenheim. Collins & Co....... 100000
Shawmut Steamship Company. 100000
Crocker Brothers .......... 100000
A large increase in small individual
subscriptions is expected to result
from the announcement made ycster-
day that all the banks in greater New
York State and National had agreed
to buy bonds on the instalment plan
for any one who puts in an application
for them. Subscriptions will be re-
ccived in amounts ranging from $50
upward, payments 10 be made weekly
or monthly.
Loan Deposits Planned
Some of the banks have decided to
open Liberty Loan deposits with pur-
chasers and furnish them with pass
books IN which instruments will be re-
corded from week to week or month
10 month, until the full amount of the
bonds subscribed for is paid in. Others
viii use the punch card" system advo-
Gated by the Liberty Loan Committee.
Under this plan each subscriber will
receive 2 card which will have to be
presented at the bank each time a pay
ment IS made. The card shows the
amount of the bond purchased and the
date and the amount of each install
ment This Is expected to simplify the
work of handling such accounts.
This card system" said Walter +.
Frew, president Of the Corn Exchange
Bank, SIS simplicity itself, and will go
far TO solve the difficulties experienced
by those charged with the administra-
tive work in the previous loan. Under
the system devised. the subscriber buy
ing a $50 bond will receive "A card,
which will indicate his initial payment.
This card is to be presented at the Of
fee at which the first payment is made
and the card issued.
"The bank teller will punch on the
card a record Of the subsequent pay
ments. The bank has duplicate card,
SO that putting together the two cards
and punching the record involves a
single operation, and the bank can
make its record from the card later
Sie same day. In this way a line at
the receiving teller's window can be
handled very quickly"
Small Subscriptions Pile Up
From those in charge Of the booths
now established in the railroad termi-
mails, the leading hotels. in front OF
the Public Library and in the City Hall
plaza reports were received indicating
that this plan of stimulating subscrip-
tons was proving effective.
I've are not doing a rushing bust
ness, but are paying our way along
said the bond salesman in charge OF
the booth in front of the Public Ii
brary. The women in charge of the
booths in the hotel corridors were en-
thusiastic over the results of their eff
forts to help raise funds for the gov
eminent.
Reports from the committees work
ing among the various trades through
out the city indicated that large total
Of subscriptions from these sources is
piling up.