Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1917-11-14

Reached Near Maximum Figures
D,iOO,OOO Subscribers,

washington, NOV. Americans
responded to the call for second
Liberty war loan by subscribing ST.
7,j?2.3O0, an oversubscription by
81 per cent of the $3,0O0,OOU,0 900
asked and only $3S3,00O,OOO less
than 100000 maximum fixed
by the Treasury. Tabulation COM
plc;ed tonight, II days after the
close Of the nationwide bond-selling
campaign, showed that every Federal
Reserve District exceeded its Quota,
and 100000 persons subscribed in
the big war financing operation
which Secretary McAdoo described as
the greatest ever attempted by any
government
Half Of the O"er-subscribed sum
will be accepted, making the actual
total Of bonds to be issued $3,3OS,-
7GG. 30. Ninety-nine per cent OF the
subscribers will receive the amount
for whicP they bargained, all sub
scriptions for $4,000 or less being
allotted in full and those above that
amount being pared down in varying
proportions, ranging from 80 per
cent allowance on subscriptions be-
tween $4,000 and 100000 to 10
per cent for the largest single sub
scrlption Of $50,0O0,00G.
"Thc success OF the second Liberty
loan. like that of the first, is dis
tnct triumph for the people Of the
United Statcs,' said Secretary Nc
Adoo, announcing the loan results to-
night 1T not only demonstrates
their ability, patriotism and re-
sources, but augurs the certain sue.
cess OF any future loans that may be
offered by the government
No january Loan.
The secretary added a denial Ct re-
ports that the third loan w)uIl be
solicited in January, 1918 IA view
OF the large ovorsubscription ot The
second Liberty loan" he said, II am
glad to state that this will not be
necessary"
1t has been generally understood
that the third loan would be sought
probably in late February or early
March next year.
Although only | per cent were for
sums above $4,000, for which only
partial anllotments will be made, So
l29,o00, 900, or nearly half the big
aggregate. was made up by the lar
ger sums. More than three-uuarters
or billion dollars were subscribed
in individual amounts OF more than
S1,000,O00.
Much Cash in Hand.
On the second Liberty loan pay
ment OF = per cent Of the subscrip-
ton amount was required with the
application and thousands of pur-
chasers OF the smaller bonds, par
ticularly Of $40 and 500 denomina-
tions, paid cash in full. From this |
payment $l51, 100000 already has
been received by the Treasury. The |
second installment of Is percent will
fall due one week from tomorrow,
Thursday, November Is; 40 per
cent addition will be due December
Is and the last installment OF 40
will be due January 10, 1918.
Thanking the people who made the
big loan possible, Secretary McAdoo
in statement said in part:
'"This would have been impossible
without loyal support and co-opera-
tion OF the people of the country, but
even that support could not have
been, secured except for the indefati-
gable. unselfish and earnest work Of
hundreds Of thousands of splendid
men and women throughout the Uni
ted States who threw themselves into
the task without reservation.
81 wish to thank all these splendid
volunteers and patriots, and par
|icularly wish to thank the bankers
Of America, the Liberty loan organi-
!ation in every state. the women of
america, who made a distinctive fight
for the Liberty loan through their
own organizations, the Boy Scouts
and Girl Scouts, tho newspapers and
periodicals which gave. as in the first
Liberty loan. the most effective, un-
selfish and generous support through
their columns, the press associations,
the business houses, the various pa
--------------------. - |
GIRLS! GIRLS! TRY 1T!
II