South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-06-23
OVERSEE LOAN
BY g PERCENT
Liberty Bond Subscriptions
Reach Total of More Than
S3,000,000,0O

Inc mai taoulatlOn was officially
announced Friday night, SHOWING
that more than 4.OOO.O 600 persons
bought bonds. Ninety-three percent
of subscriptions or those of $3.50, 900
persons were for sums varying from
$50 to $4,000 while p subscribers
applied for allotments Of 100000
each or more.
The New York federal reserve
district led the list with subscrip-
tions totalling $1,1S6,7SS,4OO or more
than three times the amount sub
scribed I'm the next district, Chicago,
1851 195,950. The other districts
sent subscriptions as follows:
other Cities Quota.
Boston. S332,447,6OO; Cleveland.
$2SG,14S,7OO; Philadelphia, S232,-
;o9.25O; san Francisco. S175,623,
900; Richmond. $109,737,1OO; Kan
sas City, $91,75S,S5O: St Louis, $780,
134,7OO; Minneapolis, s7O,255. 500;
Atlanta, S57,S7S,55O, and Dallas,
$4S,94S,35O. These subscriptions in
clude those sent direct TO the treas
ury and apportioned among the var
iOus reserve districts.
Allotments Will be made, Sec'y
McAdoO announced as follows:
on subscriptions up to and in
Guiding $4,000. full amount. These
subscriptions tOtalled $1,296,6S4,S50.
More than $4,000 up TO and includ-
ing 100000, 60 percent OF the
amount subscribed. but not less than
$4,000 in any instance. These sub
scriptiOns tOtalled 0,103,050: al
lotments 10 subscribers in this group
Will aggregate 1886, $50. More
than 100000, up to and including
S25O,OOO. A. percent of the amount
subscribed, but not less than $50, 900
in any instance Subscriptions in
this group totared S22O,455,6 500, and
auotments will aggregate 500, 205,-
600.
More than $25O,OOO up to and in
Guiding 100000 so percent but not
less than S112, soc in any instance.
The total of subscriptions in this
group was S6O1. $4,000; allotments
Will aggregate $1S,3S1,SOO
More than 10000 up to and
including 100000 each, - per
cent, but not less than 100000 in
any instance. Subscriptions in this
group totalled S234,544,3OO; allOt-
ments will total $5S,661,250. More
than $4,000, 600 up to and including
S!O,OOO.OOO each, p percent. sub
scriptions i'm this group totalled
S46,674,15O; aUotments viii aggre-
safe S9,SO1,6OO
Two Give S25.OOO.OOO.
Two subscriptions of 100000
each were received. The allotments
to these subscribers Will be at the
rate of 2O.22 percent and they will
receive bonds of the value Of So
O55. 900 each one subscriber 10
%25.25O. OOO-the largest. Will be
given 2017 percent or $5,O95,65J
The pairing down process thus will
apply chiehy TO the large subscrio-
ers. In cases where larger SUD-
scriptions have been reported 10 the
federal reserve banks as consisting
of a number of small subscriptions.
provision has been made for allot
ment i'm accordance with the several
amounts of the smaller subscrip-
tons.
The figures as 10 the number of
subscriptions are estimates Mr.. NC
Adoo explained, because the returns
from the federal reserve banks in
this respect are incomplete but when
finally reported they will exceed the
number stated 4,OOO,O00).
"One of the chief purposes Of the !
campaign was 10 distribute the Lib
erty bonds widely throughout the !
country and place them as far as
possible in the hands OF the people. |
This was important because the
strength of government finance like
the strength of government policies
rests upon the support of the peo- /
pie. The large number of subscrib- |
ers, especially the large number Of
small subscribers. is most gratifying |
and indicates that the interest of the /
people was aroused as never before
in an issue of bonds.
Reply Is Conclusive.
The widespread distribution OF
the bonds and the great amount OF
the oyer-subscriptiOn constitute an
eloquent and conclusive reply 20 the |
enemies of the country. who claimed /
that the heart of America was not In !
this war. The result OF which every 1
citizen may well be proud, reflects
the patriotism and the determine |
ton of the American people TO fight /
for the vindiCatiOn OF outraged |
American rights, the speedy resto- /
ration OF peace and the establish
ment Of liberty throughout the /
world.
The congress pledged all the re
sources of America TO bring the war
TO q successful termination. The is
sue Just closed will serve as an in |
dication of the temper and purpose /
OF the American people and Of the
manner in which they may be eX-
pected 10 respond 20 future calls OF
their country for the necessary cred !
its 20 carry on the war.
As originally announced the :
present issue Of bonds is limited 10 I
S2.OOO,0OO,0 600 and no allOtments /
will be made in excess OF that
amoGut. ] have consequently decided /
70 exercise the right reserved in the /.
offering the bonds 10
the public 10 allot in full all appll- I
caffous for the smaller amounts and /