El Paso herald. (El Paso, Tex.) 1901-1931, 1917-10-02
liberty LOAN
IS GOING WELL
VoIume of Subscriptions
Must Total S125, 100000 a
Day, It Is Announced.

aSn1nEto ID g. oct Treas
ury officials today were elated at re-
turns pouring in from all parts of the
country Indicating that the appeal to
raise $4,000. 600. 600 for the second Lib
erty loan is meeting with an encour-
aging response.
All reports from large cities make
it appear that the public welcomed
the opportunity to assist the govern
ment i'm the emergency. Officials
recognize that only a sustained. in
tensiye drive can make the campaign
q success
It has been estimated that the vol
ume Of subscriptions must approx
mate S125,o0O. 600 a day in order to
attain the minimum figures
Iavestments BY Millions.
New York, oct 2.-Just how many
Liberty bonds yesterday when the
campaign for subscriptions TO Ameri-
cas- second war loan was launched
in New York could not be learned
early today. but is variOusly estimated
at from $4,000 600 10 S50.000,000.
While a large over subscription is
hoped for. the campaign managers are
taking no chances of failure to place
at least half the $4,000, 600. 600 issue
ir the New York federal reserve bank
district.
Posters that invite and demand sub
scriptions are everywhere and a net
work Of committees are organized TO
carry the meaning of the loan into
every home in the district
Many Large Subscriptions
Within a few minutes after the
opening Of banking hours yesterday.
two subscriptions tOtaling Sll,0OO.UOO
were reported one OF these. for
S1O.OCO.G00. was made through Kuhn,
Loeb q Co, the amount to be divided
equally between Union Pacific and the
Southern Pacific Railroad companies
Late in the day. 100000 was sub
scribed by the New YORK LIE Insur-
auce company Among other large
subscriptions were; The Republic
Iron and Steel company. S5,05O,OOO
the Manufacturers Trust company of
Brooklyn. S2-5O0,000; the Emlgrant
Industrial savings bank, S2.0OO.OOO;
Bernard. Scholle * Co, 100000; the
Mercantile Trust and Deposit com
pany. 100000, and Maitland Cop
peu & Co. 100000
NcAdOO's Speech.
Indianapolis. Ind, oct William
McAdoo. secretary Of the treasury
spoke here today in favor Of the sec
ond Liberty loan
when war comes to a nation. the
first essential is money, ne SAID w
must keep our soldiers and sailors
armed and equipped We must sup
mort their dependent families while
they are riskinE and giving their very
lives for us We must supply them
with a reasonable amount OF life IN
surance.
We must increase, strengthen and
maintain our navy we must PROVIDE
a predominant fleet Of alrplanes and
air fighters: we must build a great
merchant fleet so that our long line
of communication with our soldiers IN
France may be maintained and our
commerce carried across the seas ~
defiance Of the German kaiser and
his submarines. We must succor our
noble comuatriotis in arms-the Brit
ish. French, Italians, Belgians ana
Russians-oy lending them money 10
buy supplies in our markets
Money Goes to Army-Navy.
The money We are raising py Lax
alton and by bond issues IS pelnA
devoted to these purposes More tnan
$500, 900. 900 Of the money you are
going TO provide this fiscal year is
being expended upon your army
on from 100000 to 100000 OF the
bravesr and most gallant solulers ma
ever donned the uniform. and your
Chicago Is Hard at Work.
Chicago. III. Oct Machinery
through which Chicago is being So
Iicited for subscriptions to the second
Liberty loan was Sc --- ---
today.
Tonight added impetus will be given
TO subscriptions when secretary Nc
Adoo speaks at a patriotic rally ~
which the purposes Of the loan VIII
be explained.
satisfaction was expressed TO-DAY 2i
the results obtained thus Tar l-e
subscription Of S1.500,000 by swift *
60. was the largest the first day
S.P. Subscribes S5,OOO.OO0.
San Francisco. Calf, Oct an
nouncement Of a subscription OF So
OOO.O 900 10 the second Liberty loan
bond issue by the southern FaclIle
co-1narv was made here last night by
William Sprouts, president Of the COM
pauy- .,.- -
san Francisco's second Liberty loan
campaign was inauguraled mere touaS
al a luncheon at which subscription
totalfng S3.O75,0O0 were announced
The Alaska Packing company sub
scribed S2,5OO,0O0.