The Richmond palladium and sun-telegram., 1918-10-11
FOE PROFITS IF
AMERICA FAILS
TO RAISE LOAN
Loan Must Be Greatly Over
subscribed to Shot Support
of War, Warns President.

WASHINGTON, Oct 11-With the
declaration of President Wilson that
recent events have enhanced, not
lessened, the importance of this loan,
committees conducting the campaign
for the Fourth Liberty Loan today ap
pealed to the American public not only
to buy bonds, but to buy more bonds.
Double your subscription" became a
slogan in many communities.
In subscriptions the loan today had
reached only the one-third mark
toward the goal of $4,000, 100000. To-
tai subscriptions as reported early to-
day were slightly more than $4,000
100000, which means that pledges
must average at least 500,000,000
each day until the close of the cam
paign October 10.
Over subscription of the loan is a
matter of world importance at this
time, President Wilson declared in a
statement issued last night.
THE best thing that could happen
would be-" said the Presidents state!
ment, that the loan should not only
be fully subscribed, but very greatly
. over-subscribed"
i-ssza-~ Railroad men Subscribe.
Over subscription of the loan also
was emphasized as a necessity in a
statement by William Jennings Bryan
| made public today.
"A failure of the people to respond
| to the call for money now would be
disastrous" said Mr.. Bryan 'It would
encourage the enemy more than a sue
! cessful battle. The supreme mo-
| ment has come, no one can fail to see
| the importance of prompt action. Over
subscription at once will be an an
nouncement to the Germans that the
American people stand back of the
| President, the government and the
army, and are ready to furnish the
money necessary to win the war;
! Reports received at loan headquar-
| tiers today were optimistic of the pro-
gress of the campaign among rail-
| road employees. Regional Director
Ashton of the Northwest region, re-
ported that 194,903, or IA per cent.
| of the men in his region, had sub
scribed to the loan with a total of $19,
625,20O Regional Director Holden of
the Control West region also sent an
optimistic report showing that 6S per
cent. of the employees in his region
have subscribed $19,772,45O. In the
| Pocahontas region, Director Maher re-
ported 26,315 employees had subscribed
$2,072,750. Subscription in the ALLIE.
cheney region of which c. H. Mark
ham is director have averaged STA to
each employe with $11,348,35O pledged
EXEMPTION EFFECTIVE
WASHINGTON, Oct. 11.-Regula
tions enlarging the powers of Nation
al banks to make loans secured by
! Liberty bonds or certificates of in
| debtedness were issued by Comptrol
Ter of the Currency Williams putting
into effect the recent legislation ex
emption loans secured by government
war securities from former limita
tions.
The effect of these regulations and
the legislation, Mr.. Williams explain
ed in letter to national banks, is tC
permit national bank to lend to any
single borrower until July l, 1919, or
the following conditions
An amount not in excess of 10 per
cent of the banks unimpaired capita
and surplus, whether or not secured
in whole or in part by Liberty bonds
or certificates of indebtedness in ac
cordance with regulations already ex
!, listing.
An additional amount. not in excess
of 10 percent of the banks unimpairei
capital and surplus secured by a
least a like face amount Of liberty
bonds or certificates of Indebtedness
A further additional amount no.
limited in excess of the 20 percent o
the banks unimpaired capital and Sur
plus which must be directly secured
by at least $105 face amount of Liber
ty bonds or certificates of indebted
ness for each 500, of such loans.
PORTO RIcANS SUBSCRIBE
SAN JUAN, P. R., Thursday, Oct
10-The enlisted men at Camp Las
Casas have subscribed $175,000 to ths
fourth Liberty loan. The negro regi
: ment so far is leading in the subscrip
tions.
G. RIFT W0NnEREI1T