New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-29
Banks Swamped
ByLiberty Loan
In Final Rush
Several Days viii Be Re-
ouired to Calculate Total
of Oversubscription

WASHINGTON. Oct 2s.-Swampcd
under the great mass Of Liberty Loan
reports, Treasury Department officials
announced tonight that the total
amount subscribed to the second Lib
erty Loan is still Is matter of specula-
ton" Several days probably will
elapse before the full extent Of the ma
tion's subscriptions is aseertained.
The department was without figures
tonight showing any change In the
estimated totals. other than in the New
York district New York's maximum OF
81 500, ,0000 900, reported last night to
have been exceeded, it was said to-
night might be increased By later re-
turns to much as 81 $780, 0,000,0 900. Pre-
vious estimates had placed the total as
approximately 81 $50 900. 900, or $780,
100000 less than to-night's estimate.
Reserve Bank officials and local COM
mittees, working until after miGnight
last night all over the country, rested
today. II was virtually the first breath
ing spell they had taken since the cam
paign began. Few districts even re-
ported to the Treasury, and the as
sumption was that they would take
their time In transmitting the finals.
They have till next Thursday 70 make
the complete report.
Banks Returns Not Tsbulsted
Returns received at the Treasury
to-day gave little indication as 20 the
final result" the department announced
tonight. "On the facs OF returns II
cannot. be said whether the sale ex-
ceeded s5,OOOOoo,oOO. Conviction is
general, however, that il probably ap-
proximated the maximum total. Banks,
of course, have made no effort 70 tsbu
late all their returns. snd may not do
so till the final day for reporting, No
vember /. Obviously great changes
may be made in the total between now
and Thursday.
ut seems certain that every district
has gone we'll past its minimum and
that several will exceed their maxi
NUNS sufficiently to carry the weaker
districts 10 the high mark in the gcn-
eral total.
New York, Chicago. Cleveland and
San Francisco we're showing especial
ly strong in the late returns. How far
New York will go over its maximum Is
a matter Of conjecture. Some think
that the excess may reach $3.50 100000.
Chicago district chairmen have begun
to feel that their total may reach the
maximum Of 100000, 900. Every mes
sage to-day from Chicago showed new
increases.
Heads of other districts rose infre-
Quently from their avalanche Of re-
turns long enough TO ask that final
judgment be not passed upon them for
q few days until all sales have been
canvassed. The Chicago and
Kansas City districts sent the nearest
complete totals yet received
Former Pro- Germans Aided Loan
Every state in our district has ex-
ce.dsd its minimum allotment the
distric. reported. Many
have sold bonds to every
family. Large manufacturing estsb-
lishments have sold bonds N every en-
ployeS Some Of the former most rabid
German sympathizers, including minis
ters, are now stanch supporters Of the
and for the last week have
been soliciting sales. Many communi-
ties which first refused TO organize nov
are working OF their own accord
"At last reports virtually every part
Of the San Francisco district had
passed its minimum and many had gone
beyond their maximum. Messages from
the Dallas, Atlanta, ST. Louis and Rich
mond districts told Of great enthusiasm
on the last day Of the sale, but added
that many reports on final totals were
badly delayed.
Indians have subscribed S3,s56,75o.
according 20 latest reports by Cato
Sells, Commissioner of Indian Affairs"
Figures now in show that the army
has subscribed something over $4,000
900. About S5O,c00,000 has been al
lotted by soldiers to the Federal Re
serve Bank al New York. General Per
shirg cables that s5,7S4,e00 has been
subscribed by the American expedition
sry forces in France.
Dctnls Of the Neip York Loan