The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1917-11-08
S4,6l7,532,3OOB BY
9.4OO,OOO PERSONS

nutshell. the result of the second Lib
erty Loan. The people of the United
States responded to the call for the
loan by subscribing $4,517. .532, 300, an
oversubscription of 54 per cent of the
$3,000,000.000 asked for, and only
1888 100000 less than the $4,000, ,000,.
600 maximum fixed by the Treasury
Tabulations completed last night, II
days after the close of the nation
wide bond-selling campaign, showed
that every Feedral reserve district had
exceeded its quota, and 9400,000 had
subscribed in the big war-fnancing
operation, which Secretary McAdoo
described as the greatest ever at
tempted by any government.
Half of the oversubscription will
be accepted, making the actual total
OF bonds to be issued $3,S0S, 766, ,150.
Ninety-nine per cent of subscribers
will receive the amount of bonds for
which they bargained, all subscrip-
tions for $4,000 or less being allotted
in full, and those above that amount
being pared down in varying proper
tions, ranging from a 90-per-cent al
lowance on subscriptions between
$4,000 and 100000, to 40 per cent for
the largest single subscription of $780,
100000.
THE success of the second Liberty
Loan, like that of the first, is dis
tinet triumph of the people of the
United States" said Secretary Nc
Adoo when announcing the result OF
the loan last night at not only
demonstrates their ability, patriotism
and resources. but augurs the certain
success of any future loans that may
be offered by the government"
The secretary denied the report
that third loan would be solicited in
January. 1918. The New York Fed
eral reserve district subscribed nearly
three times as much as the second dis
trict in the list, Chicago. Subscrip-
tions to the first Liberty Loan, which
closed June Is, we're s3,035. 100000. a
50-per-cent oversubscription of the
$4,000, 100000 offered and allowed.
There were more than 100000 sub
scribers, and allotments were made in
full on subscriptions of $4,000 and
less.
On the second Liberty Loan, pay
ment of per cent of the subscription
amount was required with applica-
tion, and thousands of purchasers OF
smaller bonds, particularly of $50 and
500, paid cash in full From these
payments $151 100000 already has
been received by the Treasury. The
second installment of Is per cent will
be due one week from today, Thurs
day. November IS; 40 per cent addi-
tional will be due December is, and
the last installment of 40 per cent will
be due January Is, 1918.
Thanking the people who made the
big loan possible, Secretary McAdoo
has issued a statement saying: This
great loan would have been impossible
without the loyal support and CO
operation of the people of the coun-
try; but even that support could not
have been secured except for the in
defatigable, unselfish and earnest
work of hundreds of thousands oi
splendid men and women throughout
the United State who threw them
selves into the task without reserva-
ton.
II wish to thank all these splendid
volunteers and patriotic citizens, and
| wish to thank the bankers OF the
United States; the Liberty Loan or
ganizations which were formed In
every State, city. town and commu.
nifty; the women, who made a dis.
tinctive fight for the Liberty Loar
| through their own organizations al
over the country; the Boy Scouts anC
Girl Scouts; the newspapers and pc
riodicals which gave. as in the frs
Liberty Loan, the most effective, un'
selfish and generous support through
| their columns and otherwise; The
| press associations, business houses
various patriotic organizations, CO
operative and fraternal societies, ant
other organizations throughout th'
| land which so generously ana earn
estly gave their services to the grea
| cause.
Thanks are also due to those EN-
ployers who. in such large numbers
| gave fullest opportunity to their em
| ployes to make required payments.
should like to make special mention
of the soldiers and sailors of tn
United States, who came forward wit
subscriptions amounting to more pc
capita than those received from tn
civil population. These gallant me-
are not only giving their services an
their lives to their country. but ar
lending their money as well {
strengthen the government in th'
| graat war To maintain our nationa