The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-06-15
SUCCESS OF GREAT WAR BOND ISSUE
IS GENUINE TRIUMPH FOR DEMOCRACY
Thus Says Secretary MAdOO in Statement to American
Peoples and He also Declares it Shows Determine
ton on Part of Nation to Carry the War to
Swift and Successful Finish
Millions Oversubscribed.

Washington, June 15.-Secretary Nc
Adoo, shortly after the noon hour to-
day, announced the Oversubscripti0n OF
the loan in the following statement:
"The liberty loan has been oversub-
scribed. IL Is impossible to state the
amount of subscriptions at the moment,
but the exact figures will be given out
as rapidly as the returns are received at
the treasury department.
"The success of this loan is a genuine
triumph for democracy. 1t Is the mn
mistakable expression of Americas de-
termination to carry this war for the
protection of American rights and the
re-establishment of peace and liberty
throughout the world to swift and sue
cessful conclusion.
IL am deeply grateful to the bankers,
the business men, tie women OF
America, the patriotic organizations and
the people generally, without whose cor
dial cooperation and enthusiastic sup
port success could not have been won.
Ii has been an inspiring campaign and
has had glorious finish. ".---.-- -.
Washington. June 16.-The Liberty
Loan has been tremendously over-sub.
scribed When the books closed al noon
treasury officials estimated that the
total would reach at least $4,000 900 600.
possibly $4,000, 100000 Every. federal
reserve district, with the possible eX-
ception Of Atlanta and Kansas City,
appeared to have exceeded its minimum
allotments.
Reports from these two districts were
slow in coming in. With thousands OF
banks TO be heard from in the two dis.
tricts, however, 1t seemed likely that
the minimum allotment would be reach
ed in each case.
Reports by telephone and telegraph
from every section of the country told
OF an avalanche Of small subscriptions
at the last moment. Scores OF small
investors were standing In line at hun
dreds of banks throughout the country
during the final hour. The small sub
scribers apparently had responded with
an enthusiasm that exceeded the most
sanguinary hopes OF officials.
Swelled by Millions.
Swelling the huge total by millions
came the belated subscriptions OF the
banks that held back until the last
moment. The clerical force OF virtually
every reserve bank was practically bur
led under an avalanche of eleventh-houl
subscriptions.
Because OF this late subscription, the
magnitude OF the country's respons'
may not be measured for a day or two
Four banner districts. New York, Chi
cago, Cleveland and Boston, appeared
on the face OF returns at noon 20 hav,
subscribed the full s2.0OO,OOO 600. New
York, as was expected, led all othei
districts by a margin OF more thar
double the next highest. This estimat'
was made on the basis Of reports al
hour before the books closed in th'
east.
San Francisco Makes Jump.
San Francisco started the day will
a sensational advance from its pre-
vious report OF S52,O00,OOO. The flrs
thing officials heard this morning wa
that instead OF being approximately SSS
100000 under It's minimum allotment
the district was nearing the maximum
and probably would take its quota.
Millions OF dollars. II was estimated
was telegraphed by national and stat
banks and trust companies to fedora
reserve banks as the last minute n
sponse OF the small investor.
Waiting ON Dallas.
In the Dallas district. the figures stoo
at S29.O0O00 when the day started
$1i 100000 less than the minimum allo
ment. There were then more than 200
banks to be heard from. II was though
their response would easily swell th
total TO the minimum Of S4O,00e,OOO.
Apparent failure of the Kansas Cit
and Atlanta districts TO reach their mil
imum. based on early reports. reflecte'
officials believed. failure OF the cotto
farmers OF the south and the wheg
growers OF the west TO respond as full
as II had been estimated they would
was pointed out that In each distri'
the farmers have not harvested the
crops, and therefore are not in n stron
NoSlllon W dnhMtl Aht Ntah % eAtg WI
be after the harvest.
Industrial Workers Buy Many.
Districts In which are located n
great Industrial plants Of the countI
reflected n tremendous demand for u
so-called baby" bonds.
The total number OF person subscri
ing TO all denominations, II Is estimate
viii exceed s.5OOOOO. This is ten tint
the number OF persons In the entire n
tion who would hold securities OF m
other sort.
The small investor. officials declare
today. is to receive the full amount
his subscriptions Every $50 and 81
bond subscribed for. Il was said, is to
issued, This presages widespres
pairing down OF great individual su
scriptions.
Every community flying the Anne
can flag, from the Philippines TO q
Virgin Islands. subscribed TO the loa
Fairbanks, Alaska. the most northel