The sun. [volume] (New York [N.Y.]) 1916-1920, 1917-06-13
Y'SPURCHASE
OF BONDS GOES
TO$100,OO0,0OO
Total Subscription for Dis
trict Estimated at
S745.000.00O.
CREATES A NEW RECORD
S25O.O0O,000 More Needed to
Reach Total of 81, 100000
600 for Section.


subscriptions to the Liberty Loan
Bank yesterday in the greatest volume
since the start OF the campaign. Sub
scriptions passed the s1t5.000.o00 mark
and probably reached ss00.000.0o0 for
the district. but the pace has been so
swift that the committee only has been
able to count the total up to Monday
night. when it reached 500. .00o. 900. The
minimum estimate for the day by the
committee was s45, 900. 900. but it was
conceded that this figure was conserva-
tivs.
According to information available
last night the days subscriptions were
800. .ooo.o 900. or $4,000. 900 In excess Of
the minimum estimate. The official total
for Monday was ss5.0Oo. 900 rough
estimate for the country. based upon re-
turns from the twelve Federal reserve
districts. placed the total at s1.450. .000.-
900 up to the close OF business on Mon
day.
The estimated total at the close of
business yesterday was almost s150, ,00O.-
900 more than the minimum allotment
set for this district by the Treasury De-
partment. The district is s250.o0O. 600
below the $1,000. .0o0. 900 1t had set ont
70 reach. and almost that much Is ex-
pected from the district outside Of the
city
Facilities Are Swamped.
The subscriptions yesterday came into
the committee in such volume that all
available facilities for handling them
were swamped. Statisticians are work.
ing In night shifts to catch UP with the
applications. The sudden increase has
been due to the turning In of applica-
tions of employees Of large corporations
Union and others.
Since the publication Of the detailed
returns from cities towns and villages
included in the -SAcond Federal reserve
district-fgures which were taken from
amounts received in the Federal Reserve
Bank up to the close of business June
millions have poured In from all Sec
tons Of New York State. the twelve
northern counties Of New Jersey and
Fairfield county, Conn. which compose
the district.
iHNSt Ssio" dii vi "--s-
$4,000 over the total given in the ore:
vious statement by the committee. The
total 10 date is s72.56t,00O. compared
with sie.9s2,000 previously published
These payments represent about one
quarter Of the full amount allotted to the
Second Federal reserve district outside
OF New York city. For the central d.
vision Of the district there is an increase
of 100 per cent. The counties in north
ern New Jersey have come forward with
approximately so per cent. OF their
- per cent and the others approx
mately 331-3 per cent.
The largest subscription announce'i
here yesterday came from the United
States Steel Corporation, which took ar
additional s25. 900. 900 making a tota
subscription of s50.000.o0O. The di-
ee:tors at a special meeting decided e
come forward at the last minute witt
additional subscriptions IL needed. Thi.
subscription will be divided among the
various Federal reserve districts wher,
the corporation has subsidiaries.
big Subscriptions Come In.'
Five million dollar subscriptions wer,
common yesterday. The CONSOLIDATED
Gas Company subscribed s5.000.00 II
addition 10 sI50,00O on behalf OF II!
employees: the Chicago and Northwest
crn, s5,000,000; the officers OF the Phelps
Dodge Corporation took $4,000, 900 70
themselves and the companies it repre-
sents; the United States Mortgage an,
Trust Company. s6,000,o00; the Frank
I'm National Bank OF Philadelphia
s. 900, 900.
William Rockefeller entered a sub
scription OF s2,500,000; the Rockefelle
Foundation bought 5000 500 bonds
Henry Clews & Co. took $500 900 Maxi
milan Stern $500. 900: the Fifth Avenu
Bank an additional 100000, making tn
banks total subscription s5,0o0,0O0; tn
knights of Columbus voted TO TAX
s25o,0oo; the United States Trust Com
pany an additional s3.750.0 900. makin
? total subscription of s12.000.000, an
solomon Bros. & Hutzler 100000.
Mrs. i. II. Hartman placed an add
tional subscription for sl,ooo,O00. whc
brings her subscription to $4,000 00(
Ira Nelson Morris. United states Min
ister to Sweden. placed a subscriptio
Tor 100000; the Northern Financ
company took 81 900 900 the Insuranc
Company of Philadelphia $1,000, 900, an
the III Paso and Southwestern Railroa
Company sl,00o,ooo.
The Prudential Life Insurance Com
pany added another s2.500.0 900 to II
subscription making a total of $1,000
600 the Equitable Life Assurance Sc
clety subscribed an additional $4,000
oo0, making total subscription of IS
100000 Il. l.. Doheny. Jr.. took $50. 900
Mrs f, l.. Doheny $4,000 Eastman
Dillon & Co. took s105.9o0. making
total OF $s10.25O for the firm and /,
clients the New York Cotton Exchane
Clearing Association $4,000: the Ne
York Trust Company added another 81
100000 TO its subscription.
AdoIph Lewisohn & Co. placed ar az
nitional subscription OF $500, 200. brint
Ing the Arms total TO 100000: III
McGraw HIN Publishing Company too
100000; the Stamford National Ban
took $780, 200 for It's own account an
clients the Cadillac Motor Compan
$4,000: the Chrome Steel Works 500
600; the Dobbs Ferry Bank S101,30
The last subscription represents that
Dobbs Ferry. whose allotment OF n
loan was $4,000.
Dividends Payable IN Bonds.
James stiilman. former head Of Il
National City Bank. took $1,000. 900 /; Il
nnstpn A