| Show BANKS ASKED TO OPERATE CO-OPERATE Secretary Authorizes s Financial Institutions Institutions institutions to Receive Subscriptions for the Bond Offerings Washington Secretary Secretary McAdoo telegraphed telegraphed tele tele- graphed the tire entire list of oC national nation nation- al and state banks and trust companies In the tine United States authorizing them to receive subscriptions for the 2000 bond offering enlisting their co operation co-operation and requesting i them to telegraph a rough estimate of the tire them m amount of bonds each would take for Itself and Its patrons You can render an Invaluable servIce service service ice to your country Mr McAdoo told the banks b by receiving subscriptions and operating co with the tire federal reserve reserve reserve re re- re- re serve bank In your district Loan Subscriptions Pour In To all clearing house associations In Inthe Inthe inthe the country countr Mr McAdoo sent a telegram telegram tele tele- gram In which he said The Tire amount of the tire Initial loan has haa been determined by the needs of the tire government and toad not arbitrarily Tire The he enthusiastic and aird patriotic operation co-operation of the banks and hankers bankers of the country country country coun coun- try will vIli guarantee the success of the tire undertaking The result of the first announcement of the loan has been a deluge of subscrIptions subscriptions sub sub- aggregating many ml millions Most of these came In b by wire to the Uie treasury Virtually every large city and ever every state In the Union was represented rep rep- resented Lend to Italy Negotiations continued today with representatives of the nations to which the tire United States Is extending credit Count dl di Cell Cohere ere the Italian ambassador received the tire full amount of the first loan made by this government to Italy Subscriptions to the second offering of treasury certificates were received during the tire day by the tire federal reserve resene banks Indications are that the secretary secretary secre secre- tar tary will call for the tIre proceeds within a week possibly a few days The Tho loan to France will wilt willbe willlie be lie turned over to Ambassador and In whole or part within a day or so |
