Last week, four weeks after its impressive advent upon the national banking scene, National Credit Corp. made a report about itself, told how it was getting on, what it was doing. John Maffit Miller Jr., N. C. C. director in the Fifth Federal Reserve District (Richmond, Va.) arose before the Investment Bankers Association in convention at White Sulphur Springs and reported:
1) About $400,000,000 of the Corporation's capital had been subscribed, with $200,000,000 more "in sight."
2) Calls for 10% of amounts pledged would be made this week.
The contrast of $400,000,000 with the $500,000,000 figure...