New-York tribune., 1919-05-11
BUSINESS NEWS BUREAU, {,
Tribune Building
154 Nassau Street
Colgate Praises
Rainbow Workers
In Loan Drive
Incomplete Returns Show
Over S5OO,OOO,OOO in
Subscriptions From City's
Trade and Industrie e 8

A tremendous last day heave on the
part of the workers of the Rainbow
Division brought the total subscrip-
tions for the Victory Loan campaign
up to S503, 3,066,550, or rs per cent Of
its quota. Thirty-seven of the eighty
five committees had gone over the top,
according to the early tabulations.
Craig Colgate, chairman Of the Ad-
visory Trades Committee. last night
pointed out that many Of the commit
tees had not yet submitted their final
reports, and that by the time all Of
them reach headquarters the total will
be considerably larger and will prob
ably show most of the committees over
the top.
The increase yesterday up to 4
o'clock was $114,859,65G, the largest
amount raised on any day of the cam
paign. Nineteen committees attained
their quotas yesterday.
The Wholesale Drygoods Commit
tee went over the top with subscrip-
tions totalling $30,139, 900, or 143 per
cent of its quota of $21 100000.
Colgate Thanks Workers
"At the close Of the campaign of
the Victory Loan" said Mr.. Colgate,
"the Advisory Trades Committee wishes
TO express its appreciation and thanks
to the chairmen and members of the
committee and the thousands Of volun-
teers who have worked so hard under
the most discouraging conditions for
the success of the loan.
up to to-day thirty eight commit
tees have gone over the top and
hod to1 nf Al,
quotas. Over $500 100000 has been of
ficially reported, with a large amount
yet to come in. This probably repre-
sents greater amount Of Voluntary
subscriptions in New York City than
was obtained in any of the other loans
with one possible exception and is the
kind of distribution that the Treasury
Department especially desires.
THE Rainbow Division will close
its war service with the ~saotisfaction
of having loaned during the war to its
government the enormous sum of over
$500, 900, 900.
Probably no other organization in
any other city in the world has raised
sub a colossal sum, and every one
participating in any of its activities
can we'll be satisfied with having been
associated with it.
at has been suggested that advan-
tage be taken of this organization to
perpetuatc it in some form 50 that it
may be used beneficially for the city
in movements requiring the concerted
action Of all the business, commercial
and professional interests centred here.
No definite plan has been formulated
yet, however"
Many S1,000,000 Subscriptions
Executives of the division on the Ad-
visory Trades Committee were reluctant
TO say yesterday whether they believed
the Rainbow Division as whole would
be able to reach it's quota through SUBJ
scriptions that were not available for
announcement on the closing day of the
campaign. Mr.. Colgate declared that
he was satisfied that the division had
prosecuted vigorous, successful cam
paign, and that the industries Of New
York, when the final results are tabu-
lated, will again rank among the fore
most financial props of the government.
Many large subscriptions were an
nounced on the last day of the cam
raign, among them being several of
a million dollars each. John D. Rookie
feller added S1,000,000 to his original
subscription OF that amount through
the Petroleum and Allied Products
Committee.
Million dollar subscriptions were
also received from the following:
Linde Air Products Company, through
the Machinery, Tool, Railway and Sup
ply Division; B. Lissberger & Co,
through the Hardware, Metals and
Allied Trades Committee, and the
United States Food Products Com
pany, through the Grocers' Commit
tee. The Lehigh Valley Coal Sales
Company, through the Coal Trade
Committee, took $2,O0O,000 worth Of
Victory notes.
Theatre Committee Over
The theatres have reached and passed
their quota, according to last nights
report by e. F. Albee, chairman Of the
Committee on Theatres, Motion Pict-
ures and Allied Amusements interests.
The official figures for the committee
are now $28,000,0 900, which is $500,000
more than it's quota of S27 100000.
final figures would bring the figure we'll
over $30,000,00 and that the full re-
turns from all OF the 1900 theatres and
motion picture houses in the city would
bring the total subscriptions up to $685.
Geo. GOO.
The brewing division of the whole
sale grocers, wood products and groc-
cry sundries committee, e. H. Sayre,
chairman, announced yesterday that
" mad obtained SUBSCRIPTIONS amount
ing to S2,170,000.
The General Electric Company, on
behalf of itself and a portion of its
employees whom it finances, subscribed
total of S7,500,0o0 through the cleo
trical industry committee, Theodore
Beran, chairman.
Subscriptions amounting to $780,
900 were made by II. X. S. Williams
and his two sons, Thomas and T. R.,
members of the firm Of Ichabod I.
Williams g. Sons, throughg the lumber
industry committee.
The Honor Roll
The following committees have reached
Or exceeded their quotas:
Subscriptions
NO Committee Reported P. c.
J. Women's clubs ....$11,4S105 255f
e. business women 2.2Sz.7oo $50
.. Hospitals and sani-
tor1urns ........ 7o8soo ass
= hisied sinusrc ....... 100000 254
B. Upholstery and lace
curtains ........ s.4so.oco air
= Dresses and waists. s.o41. $50 204
esroesfies -...-..,.. 1.2z4.350 i72