Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1919-04-24
Loan Campaign Opens.
Frederick County First In
State Over The Top.

The Victory Loan Campaign opened
Monday of this week and subscriptions
poured into various headquarters at
rate beyond expectation.
At the Baltimore Sun Bureau 100 per-
sons subscribed SIG, 700, and subscriptions
from big corporations amounted to $435,
$50.
The State of Maryland has been given
S5S, 653, 900 to raise. and of this sum
Frederick County was allotted 81, 654, 900
the largest amount given any county in
the State.
The Tuesday morning Baltimore Sun
paper says:
1.-THE most cheering thing of the day
so far as the actual progress of the loan
is concerned came down from Frederick
county. 1t was sig ned statement from
the banks of the county, underwriting
for themselves and for their costumers
the entire amount of the county's allot-
ment all in regular form and it was
formally delivered to the committee.
This made Frederick county the first to
60 over the top. 1t went over the first
day of the campaign.
"There was close race for the honor
of being the first county, Carroll was a
close second. 1t telephoned that its
statement showing that its entire appor-
tionment of $l,5S4,0OO had been sub
scribed was on the way, but it had not
been received up to o'clock, and as
Frederick subscription was actually in
hand having been sent to Richmond in
the morning and was also in the hands of
the Maryland committee by 8 a. M, it
was of course, awarded the honor. Car
roll will probably be awarded second
place unless it Is beaten out in having
the actual subscriptions in from either
Queen Anne's, Somerset, Worcester,
Caroline or Allegany. Spokesman for
these counties pledged their full appor-
tionment at the big meeting at Albaugh's
on April 10.
1.-The banking institutions through
which the entire apportionment of Fred
erick county was pledged and the officials
signing for the institutions in the trans
action were:
Central Trust Company Emory L..
Coblentz, president.
Commercial State Bank-Hammond
Clary, cashier.
Farmers and Mechanics National Bank
lanes n. Harris. president.
Fredericktown Savings Institution
Jacob Rhorback, president.
Franklin Savings Bank-George W.
HELEN, secretary.
Frederick County National Bank-A.
C. McCardell, president.
Citizens National Bank-Joseph D..
Baker, president.
Valley Savings Bank, Middletown-
Emory l.. Coblentz. vice president.
Myersville Savings Bank-George W..
Butler, treasurer.
Middletown Savings Bank-John
Routzahn, cashier.
Bank of Brunswick. P. Harms,
president.
Peoples National, Brunswick-G. H..
Hogan, president.
Woodsboro Savings Bank Frank L..
Stoner, attorney.
Citizens Savings Bank, Thurmont-
Charles C. Waters, president.
Thurmont Bank-L. S. Birely, presi-
dent.
Emmitsburg Savings Bank. L.
Rhodes, president.
Amman, Horner & Co., Emmitsburg-
A. A. Homer.
Walkersville Savings Bank Edwin
Devilbiss, cashier.
Peoples Bank, Libertytown-James
M. Sappington. president.
Very soon the banks of the county will
have their share of the bonds on hand,
and then they will be offered to the citi-
zens of the county for investment. Ev-
cry person who can is supposed to buy
a bond, and not let the banks carry
the entire lot.
Prepare to buy. You do not have to
pay cash down, the Government having
made provisions for partial payments as
follows:
Initial Payment-10 per cent by the
subscriber to his bank with his application
on or before May 10.
Instalment Payments-July Is, 10 per
cent; August IL, 20 per cent; September
9, 20 per cent; October z, 20 per cent;
November IL. 20 per cent.
Payment in full will be allowed with
application when the amount of notes
piled for does not exceed $4,000.
Payment on subscriptions made on the
Government installment plan can be
completed on any installment date with
accrued interest, but no completion OF
such payments can be made except or
instalment dates.
The details of the Loan are as follows
Amount of Loan, $4,000, 600, 900; ma.
turity of Loan, May 20, 1928; redeemable
at option of United States. June Is Oh
DECEMBER Is, 1922; date of notes, May
20, 1919; Rates of interest: on notes o.
limited tax exemption AZ per cent, OF
notes of greater tax exemption % pei
cent; first interest period, December Is
1919; regular interest periods. June !!