New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-27
.225 Million
Needed for
Quota Here
s1,275,OOO,OOO Is Total of
New York District
to Date
Every Chance Given
To 18th Hour Buyers
Banks, Street Booths and
Trucks to Sell Bonds
Tonight

Subscriptions 10 the Llpcf'y i~'"" ~
the New York district to-day-the last
day of the four weeks campaign-must
be at least 1925, 100000 to bring the
total up to the 81 1900, 900 maximum.
Additional subscriptions received yes
terday were unoficially estimated at
5000 900 900, the total for the district
being placed at s1.275.OO0,ooo.
For the first time since the campaign
started the Liberty Loan Committee
gave out no official estimate Of the
DAVIS influx, chiefly because the amount
actually tabulated at the Federal Re.
serve Bank had dropped so far behind
the amount indicated by the returns re-
ceived by the committee that the pub
licity bureau deemed II best to take
conservative stand.
Rush of Small Subscribers
The rush of small subscribers at the
banks became so great yesterday AFTER
noon that the distribution committee
found it necessary 20 organize a hying
squadron Of Liberty bond booths 70 re-
lieve the congestion.
feet of fifty motor trucks was inn
pressed into service. Each was manned
by volunteers from the Sub-Ireasury,
speakers and bond statesmen, and,
guarded by soldiers or policemen, sent
to the congested points to divert part
Of the waiting lines of eleventh hour
bond buyers. -,
This emergency force will continue
operations to-day, remaining on DUTY
until midnight. Each truck VIII be
provided with a precious load OF the
new Liberty bonds in denominations,
ranging from $50 TO $1,000. They Will
be sold on the streets for cash IN the
same way the banks and the Sub-Ireas-
ury are selling them over the counter.
The Liberty Loan committee expee n
70 sell in the neighborhood OF S2O'oQO,-
600 of bonds in this manner duris
the day. .,,.
To obtain sufficient bonds to STOCK
the motor booths II was necessary 70
wire to the Treasury Department 10:
an additional supply OF the naller
denomination bonds. Some OF th'
banks ran out of $50 bonds yesVeIaay'
so great has been the demand Tor tnem
since they were placed on sale las'
week.
Banks Open Tonight
In all sections of the city the banks
will be kept open tonight until th2
last subscriber has bought his bond o.
entered his application. The big banks
in the financial district have arranged
10 sell bonds from booths erected on
the walks outside Of their buildings
after regular business. The American
Exchange National, which has been
operating such booth every. evening
this week, has done rushing business.
A telegram received yesterday py
Governor Strong OF the Federal ne
serve Bank here from the Treasury
Denartment. stated that, while no Lib
erty Loan subscriptions should be re-
ceived by incorporated banks and trust
COMPANIES after the close of business
to-day, the time of closing is left to the
individual discretion of the financial
institutions themselves.
State laws as TO the banking hours
will not be applicable in this instance
so there is nothing TO prevent the
banks from selling bonds until the de-
mand runs out.
Members of the New York Produce
Exchange We'd in pledging subscrip-
tions to the loan yesterday Following
speech by James W. Gerard, former
Ambassador to Germany. The tgures
for this district, Mr.. Gerard said, con.
tradict any statement that ring OF
New York financiers' is trying to ham,
per the government in the Liberty
Loan campaign.
"There are no more patriotic men in
all the United States" he said, Ethan
the business men and bankers of New
York. IL is a shame that anybody
should 90 about trying 10 spread the
.noJ. - d;soapciop in this country bV
saving a deliberate attempt is being
made in New York to spoil this loan,
when the greatest efforts are being
made here to make it an overwhelming
success
Mr.. Gerard told members of the
Produce Exchange that failure to raise
the full amount of the Liberty Loan
would be the same az confession Of
weakness TO Germany.
There are no securities or any
property that will be worth anything"
he added. unless you help drive this
German military autocracy of the face
of the earth. Subscribe to the Liberty
Loan so that we can send as many aero
planes as there are stars over TO drop
bombs on Germany until those poor,
misled and deceived people will rise up
and throw out those who have driven
the whole world into this dreadful
carnage"
Mr.. Gerard laid emphasis on the
statement that unless n great part Of
the money TO carry on the war is raised
By loans it will all have 70 come from
taxation. Germany has resorted to
bond issues largely, he declared. be-
cause the military autocracy had told
the German people that they would be