New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-29
;berty Bond Buyers Kept
Ranks Busy Until Last
Minute
Eliminates of All
Boroughs Increase
District to Make Up for
Those That Didn't Reach
Maximum

Members Of the Liberty Loan Com
,.,.e, here. confident that the New Nori'
a;.,rict has heavily oversubscribed ITS
,,o,a Of the new 4 per cent war bonds
,srned their attention yesterday to the
t,rres for the other eleven Federal Re
,.rve districts. Word was received
.-on Washington last night at the
..,Souarters OF the local committee
,.,. additional returns had established
,,e total Of subscriptions for the coun-
,,v well over the s5,OOO,OOOOOO maxi
rur. but three or four districts were
ai6 TO be tagging behind.
The San Francisco, Dallas and Mime
,pols districts seemed to have had
sone trouble in attaining their maxi
mum quotas. Chicago, Ksnss. City,
Cleveland, Atlanta and Richmond sp-
reared 20 be nearing the top. while the
frures for Boston, Philadelphia and st.
louis showed that those cities had con-
,ributed All that was expected of them,
II not more.
The ovcrsubscription In the New York
district is large enough. according TO
present estimates. 10 make up any sum
the other districts may fall short OF
their maximum quotas.
New York Shows Great Excess
some of the members of the Liberty
Loan committee now believe that when
the bank returns are all In It will be
found that more than S1.7OO,OOo.0OO Of
ne new bonds were taken by the peo-
ME Of the New York district. The
amount may 20 as high as s1,775,OOO,-
con. they say.
The official count at the Federal Re
serve Bank last night stood at $780,
1886 an increase Of S35,4l4.i05 over
Ire total AZ the time Of closing Satur-
DAY.
The banks in the New York district
we're so overwhelmed with last minute
Subscriptions that complete returns are
not expected 10 be filed with the Re
serve bank here much before Wednes-
DAY or Thursday.
Banks in Manhattan and Brooklyn
which kept open Saturday until mid
night we're so busy taking in subscrip-
tons that no attempt was made TO
iabulsie them fully.
The increase IN the number Of small
subscribers in the last two days OF the
loan came as q surprise even TO the
Liberty Loan Committee. The total
number Of subscriptions reported so
fsr by some Of the larger banks gives
an idea Of how widely the loan has
been distributed among the people Of
the city. The American Exchange Ma
uonal Bank. for instance reports $4,000
subscribers; Bankers Trust Company,
2OSO5: Brooklyn Savings Bank. $40;
Columbia Trust Company, 200; Dime
Savings Bank Brooklyn. 6.337; Emf
grant Industrial Savings Bank 6,l04;
Franklin Trust Company. $500; Ger
man Savings Bank. ll.23s; Guaranty
Trust Company, 1900; Irving National
Bank, 1916: Mechanics and Metals
National Bank, 25,0OO Manufact-
urers' Trust Company, Brooklyn, $500;
Metropolitan Bank $780, National
Bank Of Commerce. New York Produce
Exchange Bank, Peoples Trust Com
lany Brooklyn. $3.50. and Union Dime
Savings Bank, 5000
Employees Subscriptions Jumped
In the case Of the larger banks and
ulst companies subscriptions received
from big corporations in turn repre-
sent hundreds or even thousands of in
cyidual subscript ions from employees.
That the plan adopted by the govern
ment Of selling the new 4 per cent
bonds in small denominations for
cash over the counter was success is
indicated by the latest figures furnished
b. the local Federal Reserve Bank.
Counting in the applications made by
the banks OF the Second Federal Re-
seye District on special forms for the
purpose Of selling bonds over the
.ounief TO their own depositors and
Cher purchasers. and also the de-
rsnds made by individuals who en-
red TIE bond issue division Of the
-