South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-05-06
Subscriptions Come in at Rate
of 100000 A minute
Staff UnaDIe to Keep
Count.
PRESENT RATE INDICATES
SIX BILLION SUBSCRIPTION
Replies Come From All Over
World, PHILIPPINES and Ha-
Waiian Islands Cabling
for Big Amounts.
News Times Special Service

I
WASHINGTON. May 5.-The
treasury was buried today beneath
an avalanche Of subscriptions to the
liberty loan. Yesterdays pace of
S2O,OOO.OOO an hour was quickened
to almost 100000 a minute and it
became apparent that the $4,000
100000 offering would be oversub-
scribed beyond all previous esti-
mates.
Compilation Of the actual amount
Of subscriptions received today was
beyond the physical possibility with
the present working staff.
Probably one-fourth Of the offer
ing already has been spoken for.
Officials listed subscriptions received
up to p. m, permitting the large
bundles of kilograms received there
after 10 accumulate, and found that
during the six hours of working time
| that had elapsed since the last COM
pilatiOn the country had subscribed
to S172,9S5,OOO additional. bringing
the grand total for the two days up
| to S311.657, 200 exclusive Of thou
sands of replies yet to be listed
Only Six Percent Reported.
Subscriptions listed yesterday and
today represent the offerings Of less
than six percent of the total number
Of financial institutions before which
Sec'y McAdOo placed the offering
As hours ago. Should the present
ratio be maintained the banks and
their customers will have subscrib-
ed to approximately $500, 000, poo
worth of the bonds. an oversubscrip-
ton of more than 200 percent.
As many Of the larger financial in
situations have telegraphed their
subscriptions however officials are
inclined TO believe that the present
ratio will hardly be maintained.
Replies from Philippines.
Replies to the offering received to-
day came from virtually every part
IL the world where the American
flag is flown. Hawaii, Porto Rico and
the Philippines proved that they are
not financial slackers by cabling
substantial subscriptions. Fairbanks
| Alaska. the northermost city in the
western world telegraphed a $50
| 600 subscription and added that the
| loan would he advertised in all the
! newspapers there. From every state
in the union the supply was over
whelming.
I New York. the cOuntry's financial
stronghold. sent subscriptions to-
ltallng S53.O0O.000 bringing its two
day total to S116,S9O.O Today's
New York subscriptions included two
OF $4,000. 900 each. one of $4,000
| 600. one of $4,000. 900. two Of So
500. GOO. two Of S2.O0O.OOO and six
of 100000 4 New York lawyer
took 100000 worth and three sis
ters made a joint subscription OF
$500. 600
Philadelphia subscriptions S13,-
100000. including one subscription
of 100000. another OF $4,000. OOC
and six of $1,000. 900. Pittsburgh sent
subscriptions totalling S466S.OOO, in
Guiding one of 100000 and an
other Of 100000.
West Responds To Millions.
Three subscriptions Of S1,OO0.0OC
leach were received from San Fran
cisco making the days total $3.50
coo. Boston also sent three indivi-
dual subscriptions Of 81. zoos 600 each
lamong the days subscriptions OF
! S4115.OOO. Cleveland sent two sub
scriptions Of 100000 4 Milwau-
kee bank subscribed $4,000. 600. and
lanother i'm Detroit subscribed sh-
100000. Individual subscriptions OF
/ 81 600. 900 each were received from
/ Chicago New Orleans and Toledo
Subscriptions have been tabulateC
from Approximately 1900 20 27,50(
banks Of the country. the other 90
600 not having been heard from. OF
their replies having been received
later than p. m today. So great
was the labor involved in distribut
ing the subscriptions geographically
land tabulating them that Officials
decided 20 discontinue doing so fol
the present at least until a largel
force can be obtained indication
; are that the present force will have
its hands fun in simply tabulatini
the grand total OF subscriptions dur
ing the next few days