The Watertown news. [volume] (Watertown, Wis.) 1917-1919, 1917-06-15


Treasury officials say there is no
way OF approximating how much the
total will reach, although the depart
ment has tried all week to gain some
definite figures from the outlying
banks.
Assistant Secretary Crosby said
such conditions were not to be won
dered at. The banks, he said, were
doing their part of the work purely
through patriotic feeling and pos
sibly 1T was too much to expect them
TO neglect routine business OF pri-
mary importance to tabulate figures
in advance, when a final tabulation
would be sufficient.
In face OF all these encouraging
reports, no 1etup was allowed In the
last great drive for the loan. In
many cities and towns some of the
banks were keeping open until mid
night. As late as five o'clock telegrams
from a number Of cities received at
the department said long lines Of
men and wcmen were waiting at the
bank doors with cash In hand to buy
bonds.
Washington, June 15.-The two bill
lion Liberty loan has been placed sue
cessfully.
This positive statement was made
on the authority of Secretary McAdoo.
Unofficial figures received at the de-
partment up to f1ve o'clock last eve
ming showed that the loan had gone
over the 81 ,OOO, 900, 900 mark and might
reach $500, 100000. Treasury officials
said 1t probably Will be nine O'Clock to-
night before the final returns are re-
ceived.
Secretary McAdoo made no formal
announcement Of the result of the 30
day campaign for war funds, but ex-
pressed his satisfaction with the hg-
ures he expects to have tonight.
However, In brief statement, Mr..
McAdoo announced that up to one
O'Clock yesterday the subscriptions Of
ficially reported to his office totaled
81 ,843. 100000, which left only $751;
100000 to be made up from the vast
sums which 1t Is certain will be report
ed today.
More than gratifying In the see<e-
tary's mind is the number OF subscrib-
ers to the loan. It has proved a pop
ular loan" In every sense Of the term.
The number of buttons asked for
by the various federal reserve districts
shows that the previous estimate Of
100000 individual subscribers falls
far short Of the actual number of men,
women and children who put their
faith Ia the American eagle and their
savings at the disposal Of the nation.
McAdoo's Hopes Surpassed.
All along 1t has been Mr.. McAdoo's
aim to have the loan oversubscribed !;
but even the results OF the last few
days feverish campaign surpassed his
hopes.
Just how deep "the little fellows"
the men with only q few hundred
dollars to spare. went into the war
investment is shown Ia the fact that
every large manufacturer OF button
emblems in the country has been
working night and day for the last
two weeks to turn out the thousands
Of lapel badges showing the wearer
had bought bond.
Chicago Took 100000 Buttons.
Chicago asked for 100000 buttoas !:
Cleveland and st. Louis wanted 2OO.-
o00; Boston and Philadelphia needed
10000 each; Dallas asked for 1876. 600
and San Francisco 265,OOO.
Just why Philadelphia and Boston.
both smaller cities than Chicago.
should have had more subscribers.
was explained at the department by
pointing out that eastern cities rem
resent mills and factories with a
greater number OF workers thes the
agricultural and live stock REGIONS OF
the West and South.
~a kE 49,