Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-10-22
Belief That Treasury Depart
ment Is Making Sum Ap-
pear Less Is Handicap to
Success.
GERMAN WAR LOAN
SPUR TO MORE SALES
Outlook for Reaching Five Bill
lion Mark Within Coming
Week Considered Good by.
Bankers.

Washington, Oct. 2l.-The liberty
loan campaign swings into the home
stretch tomorrow with subscriptions
of only 100000, or slightly un-
der 40 per cent of the hoped for
maximum. In the final squirt TO the
finish next Saturday, officials said
tonight, it carries a handicap, regard
ed as unnecessary, in the form of
widespread reports that the totals
announced by the treasury depart
ment are actually far below the totals
really subscribed.
This handicap, it Ia said, Is imposed
lhwittingly by the loans best friends
who have come to believe, in many in
stances, that the treasury department
has deliberately made the total SUBJ
scriptions appear less, "by several
hundred million dollars" than the
real returns. No such practice, it
was emphatically asserted tonight,
has prevailed. The totals, official
and estimated, as announced each
night, 1t was asserted, represent the
sum of official and estimated returns
sent daily by wire to the treasury,
and are not altered, Juggled or re.
duced.
All Figures Published.
THE policy of the department
throughout the campaign has been
TO, publish the latest official figures
at hand exactly as returned by the
federal reserve banks and to make
public without change estimates for
warded to Washington by heads of
the various district committees, y
reads the treasury departments state
ment tonight.
.'Committee ,chairmens throughout
,+,sx, ha a,lA l.nf *.
their estimates on what they know
to be the facts and insofar as il known
at the department they have done so.
The situation tonight, therefore.
according to the best information the
department possesses is that the sales
to date are about $1,000, coo, 0000
short of the minimum and $4,000
100000 of the maximum quotas SET
for the country by Secretary McAdoo
at the outset of the campaign. He
insisted that $4,000, 100000 in bonds
be sold and 1t was his expressed hope
that the $1,000, 100000 mark would
be reached.
"Vigorous efforts will be made in
every district between tomorrow
morning and next Saturday noon to
raise the $5,000,000,000 total. The
$4,000. 100000 mark is being lost
sight OF in the fight for the higher
sigure.
zone of the strongest arguments to
be used in the closing days of the
campaign will be the figures for the
seventh German war loan, just made
public.
After more than three years Of
war and with casualty list estimated
at 8,500,000 persons, the German
people. exclusive of soldiers, have
subscribed $3.107,500,000 to a loan
Nothing would give the kaiser and
all other enemies of this country more
pleasure, 1t will be pointed out, than
for the people OF the United StatAs
to fail to subscribe a greater amount
than this to the second liberty loan,
when they have had only one pre-
vious loan. and virtually no casual
ties.
1.-The general outlook for the sale
Is good. Only two disturbing ele-
ments appear: The apathy of certain
rural communities of the middle west
and south, and overconfidence, bred
by unfounded optimistic reports Of
sales.