Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-05-06
SUBSCRIPTION REPORTS
POUR INTO RESERVE BANK
Officers Make No Attempt to Talu-
late Returns, and Total l:c-
mains Same ~ Saturday.
BANKERS EXPECT BIG ENCEss
Ovcrsubscription in Fifth District
Estimated $50, zoo, 0OO-I'inal Re-
turns Will Not BE Completed for
Several Days.

kilograms continued to pour int" the
Federal Reserve Bank Yesterday from
communities III every section ot the
fifth District reporting subscriptions
TO the third Liberty loan bond issue.
and hundreds of daily report cards
were received through the mails. Of
tccrs o: the bank made no attcup'
however. to tabulatc the reports yes
tcrday and the districts total remained
the same as announced "a. the close OF
business Saturday..
With an official subscription at that
tine in excess of sl35.0O0,O 900 ind..a-
tons yesterday were that the district
woulC undoubtedly subscribe SiJo.-
tdJ,rl0 ia ;hc tatrd ISSUE If bonds IN
certain quarters J, was believed .M5t
the subscripi:ons would run higher.
several bankers estimating :lia. lie
ovcrsubscr ,ption would amount 10 AZ
least sc5.c0o.00C. Every state ia tie
district is cNpcr;Cd to raise IS APP
rortionncnt when the final rctu.:,s are
received and tatalatcd
Bankers Yesterday were high in their
praise OF the WORK done in RchmCud
by tn. womeu's committee. which &C.
cured NOR. than $3.o00.0OO in suisse. -
t'on"-s!iChiiH III, re than onc-fou:ih e
the city's total subscription. The Boy
Scouts in the last week OF the cam
paiGn did good work. while the drive
in the schools Of the city. resulting
in subscriptions Of approximately
100000. was especially commended
Unofficial reports show that a far
greater number OF people subscribed TO
the third issue than TO either of the
preceding loans. No figures showing
the number OF subscribers had been
tabulated yesterday because OF ncom-
pletc reports. but bankers said that the
number WAS fully double that OF the
second loan. Reports from every sec
tor OF the country show that the re-
Spouse on the part OF individuals has
been general. hut tho 10000. 600 sub
scribers sought by Secretary of the
T'easu"Y NcAdoo probably will not lie
obtained.
BANNERS Ei!CI ARE RICiIMOND'S
RESPONSE WAS REMARKABLE
Richmonds campaign WAS remark
able in many ways, but especially SO
in the general response from the people
in every walk OF life. Many CONNER
Ga! and manufacturing establishment
formed 100 per cent clubs with every
employee the owner OF a bond. Every
individual in the city who could help
in the work apparently assisted in
every way possible TO make the drive
Il success.
Featuring the campaign just closed
was the fact that the banks OF the city
placed with customers a large per
centaSc of their allotmcnts. In the
second loan some institutions kent
large blocks OF the bonds for the banks
themselves, but this was not true OF
the last drive. The banks did. how
ever. take substantial subscriptions for
themselves.
Another feature of tho campaign was
the total of sl2,500,00o reached by
Richmond without the aid Of large sub
scriptions. There were very few cor
poration subscriptions and large
pledges. with the greater part Of the
apportionment taken by small pur-
chascrS. The committee estimates that
$4,000 people in the city bought bonds.
Initial payments of . per cent on tho
pledges became due on and after Satur-
day. and tho committee and bankers
yesterday urged subscribers TO go to
their banks Immediately and sign for
the bonds. making their first INSTALL
mcnt payment at that time. Bank
have been unusually busy for several
days getting ready for tho bond work
this week, and il is expected that every
subscriber Will complete his obligation
without delay.