Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-10-07
ENTER SECOND WEEK
WITH Renewed VIM
Liberty Loan Workers Eneour-
aged by Waning Strength of
Germanic Allies.
FINE REPORTS FROM DISTRICT
Expect All Allotments to Be
Oversubscribed Before
End of Campaign.
FINE REPORTS FROM DISTRICT

Inspired by Gcrmany's frantic machi-
nations for peace: the first concrete adj
mission by the Kaiser of his rapidly
waning strength. Richmond Libcrty
loan workers to-day will launch into
the second week of the drive. prepared
TO equal their record OF the first seven
days during which half the city's quota
was raised. That the new peace Of
fensive OF the central powers should
be. an incentive for increased buying OF
workers who are spreading the slogan:
Strike while the iron is hot and end
the war"
There is no better means OF pushing
revocably TO it's knees than by buying
more bonds now and making the fourth
loaE magnificent success, decla re
Richmond I. workers These men and
the hope Of seeing the entire Richmond
allotment subscribed before Saturday.
and assert that il every citizen will
realize his duty this goal may be at
tanned.
During the past week the campa.g
was more intensive among larger sub
scribcrs. but starting to-day the drive
Will be waged among smaller buyers,
and thorough canvass of every COM
rrunity will be made. The loan organ
iZation Is severely handicapped by the
roads into the ranks of the workers
and nccessitated the closing of places
o! public gathering.
ENCOURAGING NEWS COMES
FROM ALL OVER DISTRICT
Reports coming into Safe and dis
sTei headauarters, reveal ,ha, mue
Thus far receipt OF the reports have
been slow, bu; in every instance the
news has been encouraging and the
quotas would be completed before Oc-
tober 10, when the campaign closes.
Stress will be laid upon the value of
Liberty bonds as an investment in fu-
ture sale arguments by all workers
in the various loan organizations. Fig
ures have been given out tending to
prove that no other security on the
market offers the possibilities for af-
nicnt bonds do.
People OF Richmond should weicom c
the opportunity. TO lend their money to
the government without interest in or.
der to bring about a victorious peace.
declare workers. But the government
is really. offering them chance TO
serve and at the same time proht.
Assuming that per cont rate OF
interest may reasonably represent the
credit basis OF the United States short
ly after peace comes, four and one.
be quoted at l02 1-c. Bonds of the first
issue should be quoted at l02 IA and
bonds of the second and third issues at
l0l l-Z.
FEW INVESTMENTS E9IALING
SAFETY OF LIBERTY BONDS
In the present condition OF the eoun-
Try there arc plenty OF opportunities for
more or less hazardous investments
that may pay large profits in the mex.
year or two years, but thcre arc lev
conservative Investments that deserve
confidence of the long-term investor
Purchasing power of the American DOL.
lar is now about so per cent OF what
rS,,o sn,,lj investor will be told that
the $50 he might spend for an over
coat to-day will in all probability buy
him two overcoats two years hence.
The wage-carncr is said to he re- re-,
spending TO the governments appeal
cheerfully. and is mortgaging ms us
who COMPLAIN they haven't the. avail
able cash to pay for large subscrlp-
Iions will be asked to mortgage their
frsdf 9r oIes ee PsIio the hep e
cannot be raised wholly in cash.
GOVERNOR SEA ISSUES
STATEMENT ABOUT QUOTAS
George j. seay, governor of the Fifth
Federal Reserve Bank, has issued a
large corporations warning against
concentration of their subscriptions.
The circular which follows is self-eX-
planatory
banks of the fourth Liberty loan sub
scriptions. which they are expected to
obtain, arc. OF course. largely IN eS Son
with the third Liberty loan. because
the total amount of the fourth Liberty
loan is twice as much. as that OF the
third and the quota of this district Is
more than twice as much.
1T has come to our attention that.
owing TO the difficulty OF obtaining
is being brought 10 bear on a number
of large firms and corporations. with
head offices i'll small towns; TO help inc
banks in those towns make up their
quotas by concentrating their subscrip-
tions in those banks. instead of MAX. {.
Ing an equitable division among all
the banks in which balances arc main
tained by them. as was made in. sub
scriptions 10 the third Liberty loan.
This is contrary to the express
wishes of the Treasury Department as
set forth in our huiis,ln, NO; >, ana,
the other hanks in which balances are
maintained by the subscribers referred d
10. The quota of each bank in the
sources. sources and every bank in the dist ric,
is entitled in all fairness to an eGult,
able share in the subscriptions OF all
Of its depositorS the smnscriness IT,
tion rather than by transferring all
subscriptions 10 certain points
"Moreover. if the banks In the SINAI :
ler towns are enabled TO make up their
Increased quotas Increased because OF
the larger amount Of the whole loan)
hv concentrating large. subscriptions.
they will he relieved ST the necessity
OF making vigorous canvass among
the smaller subscriptions. thus defent-
ing one Of the principal objects of the
Treasury pApartment. which is 20 Sc
cure thA widest possible distribution Of
the bonds of the fourth Liberty loan.
and to increase TO the lar~est nossihIc
firur" .hn number OF individual hold
ers of bonds"
SIR ERIC IN AMERICA