Evening Republican, Volume 21, Number 55, Rensselaer, Jasper County, 14 March 1918 — COUNTRY’S BANKS LAG SHOWS REPORT OF McADOO [ARTICLE]

COUNTRY’S BANKS LAG SHOWS REPORT OF McADOO

In announcing Monday another $500,000,000 issue of 4% per cent certificates of indebtedness in preparation for the third Liberty Loan to be issued March 20, Secretary McAdoo gave out figures showing that only one-half of the banks in the county subscribed for the last issue. Although the report was issued without critical comment, it was plain the banks had not complied with the secretary’s request of a month ago, when the $3,000,000,000 program of certificates was announced that each bank set aside one per cent of its resources weekly for ten weeks to invest in certificates in order to insure a wide distribution of the temporary securities to ease the floating of the next loan.