The Southern herald., 1898-08-19
TIE WAR LOAN
0as sf AmazlzE Success and surprise
some IntsrsHtIug Figures.


subscriptions to the new per cent war
loan Of 500, 600. 000, including the offers
| made By syudicates, win amount 70
SI,200, 900, ,0al, or SIX times the amount
Of the issue The subscriptions repre-
sented By checks or other forms Of pay
ment, it is estimated, viii aggregate
about $3.50. 100000, or three and three
quarters times tie amount Of the issue.
II Is thought at the treasury depart
ment that no in1ividual subscribers as
high as SI0,e00 will receive an auot.
ment Of bonds.
During the lnonth the department
has received about 25O, 600 subscriptions,
and nearly the last one opened was
from New York bank for tl00, 100000,
enclosing a check Of s., 100000.
It was Secretary Cages intention to
make the payments on account Of the
bonds as easy to the people as possible,
and all forms Of payments were to be
received. These included cash, checks.
bank drafts, postohice money orders.
express money orders, certificates Of
deposits, 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
received daily, and some days the num-
Der has exceeded 10000. To handle this
enormous mail, and to schedule the
subscriptions, force Of over 500 clerks
has been constantly employed. 1t
probably will be several days before il
is known the size of the largest sub
scriptions which can be accepted.
vanderlip's Analysis.
Assistant Secretary Vanderlip an
bounced that the books had been
closed upon the most successful
loan ever floated by the government.
The assistant secretary said:
1T is. of course, impossible to give
at this hour the exact line at which
allotments win be announced. My csti-
mate, however, is that it will be around
s5,000-that is to say, that all applica-
tions for smaller amount than that
figure will be allotted in full, while all
applications for larger amounts will re.
.eivc nothing. At this hour there has
actually been listed SS4, ,30O,0 900 of the
$500 and smaller subscriptions, and the
amount on the tables will carry that
probably just above 500, 100000 The
amount scheduled and totalled in the
subscriptions larger than $500 is at this
hour SG90,G10 $40, and | estmat. it will
reach SI35, 200, 900. Thus the total sub
'cription, including the S5OO,OO0,9 800 Of
syndicate bids, will reach 81 1925, ,O)0, ,OOO.
We have held out cases where there
we're doubt as to the bona fdc character
of the subscriptions, amounting in the
subscriptions for $500 and under, alone,
to $40, 4947l0. The total number of
subscriptions for $500 and under that
has not passed the stampers is S!2s,50O,
and that figure will be somewhat
further increased. The total of larger
subscriptions numbered is G5,S)0, and
there are still several thousand of these
larger subscriptions to be listed
Reduced Rates on Packages for Soldiers,
The Southern Express Company will
transport all personal packages for the
soldiers in the field at twenty-five per
cent. less than the usual rates.
All the other principal companies
have concurred in this action, viz: The
Adams Express Company, the Amcri-
can Express Company the Pacific Ex-
press Company, the United States Ex.
press Company and Wells Fargo &
Company's Express.
This concession is not to include any
shipments for speculative purposes, but
only such as are sent to soldiers by
their families or friends in the way OF
contributions, or such articles as sol
diers may themselves purchase for their
personal use.
All such matter must be prepaid to
facilitate delivery.
The Southern Express Company will
cheerfully extend this same privilege
to organizations of ladies at the homes
Of soldiers, who wish to join their con-
tributions for any given number of Sol.
diers in company such joint contri-
buttons to be sent to any one address,
but must always be in the nature of
free contribution to the soldiers.
Great Britain has about one sheen for
each inhabitant The United States