Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1898-07-21
War LOAN CLOSED.
The Subscriptions Offered Amounted
to Six Times the Issue.
MOST SUCCESSFUL LOAN FLOA1ED.
Mr. Vanderbilt Thinks That No One Who
Subscribed for More Than $1,000 win
Get Any, hut the Smaller Invest.
ora VIII Get It AL

washington, July l0-Ine suDScrll
tions to the three per cent war loa
OF $780, 0OO, O0O which closed at tire
o'clock yesterday afternoon, including
the offers made by syndicates, will
amount to 81, 200, 900, 900, or six time
the amount Of the issue. The sub
scriptlons represented by checks o
other forms Of payment, it is est
mated, will aggregate about s75O,OOO
600, or SX times the amount O
the issue. Early this week As
sistant Secretary Vanderlip, who
has had immediate supervision
OF the work In connection with
the loan. became convinced that the
subscriptions Of individuals would be
far more than sufficient wholly To
absorb the loan, and gave instructions
that checks representing all subscrip-
tions OF corporations be prepared and
returned to the senders last night. 1t
Is thought at the treasury department
that no individual subscriptions as
high as $40, will receive an allot-
ment Of bonds.
During the month, the department
has received about 100000 subscrlp-
lions, and nearly the last one opened
was from New York bank for $780,.
100000, incosing q check for 81, 600 OOO
1t was Secretary Cages intention to
make the payments on account Of the
bonds as easy to the people as possible,
and all forms Of payment were to
be received. These included cash,
checks, bank drafts, post office
money orders, express money orders,
certificates Of deposit and, during the
last day or two, the department has
received money by telegraph. During
the entire month, there has been an |
average Of $1,000 subscriptions re.
:eived daily and some days that mum.
Der has exceeded 10000 To handle
This enormous mail and schedule the
subscriptions force OF over 300 clerks
1as been constantly employed. 1t
probably will be two or three days be-
ore 1t is known just the size Of the
argest subscriptions which can be &C.
'epted.
Assistant Secretary VANDERBILT, who
or 80 days has managed the work Of
'lacing the bonds OF the new war loan,
last night that the books
lad been closed upon the most sue.
essful loan ever Aoated by the gov.
rnment. In the experience of the
ldest clerks In the treasury depart.
lent nothing Of the kind had ever
qualed the success which has attended
he present issue Of bonds.
1t Is, Of course, impossible to give fnsl
cures at this hour. The department received
ssterday Just under 81, ono letters, and Wednes-
yMS0 This mass Of applications must be
10 through the detailed operation before
,tnl can he arrivad NJ ,rd ,ha -. IL.
hich al,otment. viii ha 80 s '"aos mug ~
y Estimate at ,b,s s,D. IL nov" .n "n"oumoeu
ound M nm Tha, Ia - sa'. ", WIN W
tions for sn,o,,a. "u "Rpn !
,ure will ho nIio,.os ..." "' ,n"'
applications for larger amounts will receive
thlng At this hour there has actually been Q
ted 'si,@O'OOJ Of the 1900 and smaller sub :
II carry TIM, rrohah,u s W. s ,ae o oSU o
10 amount sheduled and to,aIos IN ', NV svs
options larger than 1900 is at this hour $780,. j.,
's'o and estimate II will reach $4,000, 900 "
ooo 'n ~ .O'a SUBSCRIPTION including me so
We hive held ont cosas WHARF a ,h 100000, IVY, W
lbts as to the bona tlde character n, " Tho q
'scrptions, amounting In the subscriptions r
:, 'ovo ana under alone to rlO'49i,7io The a. .,
TINT hos now uossea aop row. una ln no
that figure will be somewhat further '' tr' at
ased The total of larger subscriptions ht
inferred lll, Is o,,So, and there are still several
es IN " ,h I0I 'os, ,'rer subscriptions to be
At received sMsw suSs SsJ I"p a au
se of 1929 day, The last letter was 81
ned within VII two hours after the subscription
um ro menase naa at Ine close Of the work.
il ioso at NIGHT The fa s" t0a, , ,Sorn morning
hour out of nearly sOasoo subscrlnt 'o n, th
lived only u cases held up because Of some gu
gu'ar,y IS sacn as misplaced remittance or pl
ns ", suosuFp.,on IS some indication ar
Vban the ln.n '. a, '"o so,a Go