Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-10-28
TREASURY CERTAIN
FIVE BILLION MARK
WILL Be EXCEEDED.
Reserve Banks Struggling
Under Avalanche of
Subscriptions.
AT LEAST 100000
PERSONS BUY BONDS
Indications Are That Tabulations
Will Not Be Completed for
Several Days.
EVERY SECTION RESPONDS
Soldiers Subscribe Around S75,O0O,-
600 and Sailors About
S6,0OO,OOO
EVERY SECTION REsPONDs
rRv Associated Pre.-I

rRv Associated Pre.-I
WASHINGTON. October 27.-The Lib
erty loan apparently has passed tho
$4,000, 100000 mark.
y last day drive of titanic propor-
tions throughout the nation rounded
up more than s1.0oo.o0o,00o. and was
believed to have carried the total Sow
erai hundred million dollars beyond tho
maximum sum Treasury officials had
hoped for.
Federal reserve banks were strug-t
Cling tonight under an avalanche Of
last-mlnute subscriptions to form some
idea of the grand total. Indications.
are that they Will not complete their
tabulations for several days. 1ss
AT least 100000 persons throughout
the country wrote their names on ap-
plication blanks. How many more did
so will not be known until the final
count several days hence. The number
may go as high AZ 100000.
Each of the twelve districts ap-
peared to have passed its minimnna-apd
indications were that most of them had
exceeded the maximum as we'll.
The Treasury's tabulatton of returns.
based upon estimates received from the
reserve banks. showed total OF
s4.555, 100000. This was admitted to ba
an understatement OF the result. At
the hour the tabulation was made sub
scribers were standing in line in thous-
ands OF cities and towns throughout
the country. and most OF the 10000
banks were swamped with unreported
subscriptions.
TREASURY's COMPILATION
BY RESERVE DISTRICTS
The Treasury's compilation by dis
tr!CtS follows.
Boston. 100000 900; New York ST.
100000, 900; Philadelphia. s425. 900. 900;
Cleveland, s45o.0oo.Ooo; Richmond, $780,
100000; Atlanta $780, 100000: Chicago.
S550.ooo,o0o: st. Louis. $500, 900, 900:
Minneapolis. $4,000, 900: Kansas City,
S160,ooo,o00: Dallas. ss5.o0o,ooO, and
San Francisco. s275.oo0.0oo.
subscriptions to tho second Liberty
loan probably have passed $4,000, 000,-
ooo." said Treasury statement.
From every district came the report
that 1t was almost impossible to esti-
mate totals. as the subscriptions were
pouring in so rapidly that 1t was with
the greatest dimculty they were even
being recorded.
New sales wero being reported by
telephone, telegraph and messenger, 1t
was declared, from coast to coast
]
be possible to give an accurate ac-
counting of all sales before next We'd
nesday."
Wednesday is the day on which
bank subscriptions must have reached
the district Federal reserve banks. ~
ENORMOUS BUSINESS
DONE IN NEW YORK
with Its maximum safely passed at
n fl,n
the New York district went forging
ahead by artificial light bent on run
ming up total of hundreds of mill
lions more. An enormous volume OF
business was being conducted to-
night"
subsequent to the issue OF this state
ment officials were informed by tele-
phone that New Yorks total would run
up to 1850, 100000. This would swell
the departments figures to s4.7O5. .ooo,-
Q00
Cleveland furnished one of the elev-
enth-hour surprises" the statement
added This districts total bids fair
10 SO high over the maximum Of $500.
o0ooJo.
Chicago. somewhat disappointed at
Its slow start toward it's maximum of
S'Oo,OOO.0OO, buckled down hard to-day
TO come rs near that mark as possible.
Workers had not entirely lost hope to.
night OF taking rank with other Lead
crs, but the task looked difficult
Atlanta wired that they were
swamped with long distance telephone
orders and with telegraphic orders, and
that all the banks were staying open
until o'clock. Optimistic observers
thought that the district might reach
its maximum quota of $4,000 600
Indications tonight were that sol.
diers had subscribed S75,30O,o00 and
sailors s6.00o,0 0o0."