The sun. [volume] (New York [N.Y.]) 1916-1920, 1917-10-28
Belief Is That Country Re-
sponded With $3OO,OOO,.
900 Over Maximum.
FEW DISTRICTS LAG
This Reserve Centre Leads
All Others on Percen-
tage Basis.
e875,0OO,OOO IN A DAY
Nation Ends Campaign With
Final Offering Above
Billion.
ee7s,0OO,O0O IN A DAY
WASHINGTON, Oct. 27.-Sec-
w rotary McAdoo announced
late tonight that the second
Liberty Loan was an overwhelm.

An&ioAS second war loan yesterday
ride - vistory on the crest Of . wave
1t patriotism which swept tho loan
a4sly past the maximum Of $1,000
$4,000 ana headed II for an oversub-
scription sf At least $500. 900. 900. This
bscsms apparent last night as returns
from Me twelve Federal Reserve Dis
tr1cts to'd Of the greatest outpouring
Of wealth IN history in the f,nal hours
4 the campaign.
Tashing past the $4,000. 900. 900
mark within an hour after the opening
Of business yesterday morning. the best
returns available last night placed the
total subscriptions at 3S.osO. 900, 900. Ac-
tual subscriptions tabulated and an
Ssunced by the Treasury Department
were S7,7so.10s,ooo. As the banks have
I've days In which to report full re-
turns. II was certain last night that IL
will b q week before the Countr,. will
know the full extent Of its victory.
At midnight. long after the campaign
had closed In majority OF districts,
efbcials were unable to strike more than
vague estimate Of what Anal returns
viii be, ana some districts refused to
give out any figures SO overwhelmed
we're they by the response of the Ameri-
can people on the fnai day. The Treas
NY Department admitted that nve BILL
isas had besn subscribed and further
reports indicated that the highest hopes
Of the Department and the Liberty Loan
Committees had been realized.
Nay be 10000. 900 Subscribers.
Next TO the overwhelming response to
the loan. the thing that gave the Liberty
Loan committees most Joy was the num-
Der Of subscribers. They were estimated
at s,0oo.0 900 BY officials Of the local dis
trict last night, but the Treasury Depart
ment went even further and announced
that Indications were that they would
reach 100000 when final returns have
been compiled. OF this amount the Sec
cnd Federal Reserve District will con-
tribute at least 100000 individual SUBJ
sr'ber.
's the totals stood at midnight, Amer
"a hs. shattered all precedents in the
matter n war financing. England raised
e"arly 5000. 100000 In her last loan,
bot try as she would she could not raise
Il above the Ave billion mark. In COM
lirson with the second war loans Of
sU the warning nations they sink into
comparative significance. as do also the
humber Of small subscribers obtained. !
England reached 100000 in her last /,
'oah' but large part OF these bought |
va" savings certificates and not bonds
~ the total subscription to the loan !
.ie Treasury Department will gain about !
''p"o'ooO.oO0 to aid the nation in prose- |
e'''on OF the war. Under the terms Of |
VI" loan. minimum allotment Of $3,- |
""o 100000 was set for the country. and
o. all subscriptions above this figure the |
Government takes half. This rule will
ne strictly adhered to. Secretary McAdoo |
hannounced from Washington last night. |
This Districts Figures.
Tho part that tho Second Federal Re- |
sNe district has played in the loan has
oNershadowed the whole country. Par
fisl returns TO midnight indicated tho !
,n,h ., subscription had passed 1850. .oOO.- !
ivy as compared with the large sub
,rripuon of approximately $500. geo 900 |
IN the Chicago district, which stands sec-
.na 10 New yCfk in this respect The 4,
nsure for the New York district is ex-
ror,ed to increase by 100000, ,00O when |
,"s' returns are in, but as It stands to- !
nay II represents an oversubscription Of |
100000.
Heturns last night indicated that the |
I've banner districts Of the country-New |
,ork' Chicago. Boston. Cleveland and |
rh,iadelpha--had apparently subscribed |
~ least $4,000. 900. 900 to the loan. Re
Iurns from these districts were still In |
complete. Boston. swamped with small |
subscriptions on the final day. closed |
mop and refused to give out any further
omc'ai totals or estimates
havins faced a shortage Of approxi-
msteiy $1,000, 900. 900 at the close Of
business on the preceding day. the nation
eMept forward yesterday at rate OF
more than $3.50. .O0O, 900, with the New
,ork district leading with a grand total
.. subscriptions for tho day OF $685.
coo.ooo. This was the minimum esti-
mate Of local ofYicials, and II is believed
nnal returns will record a subscription Of
nesry $500 900, 900 In this district alone
On tne hnsi day Of the campaign.
Like New York. the Chicago district
yctsrdsy experienced a flood Of small
ssacscrtptions. On,cials were near $780,.
"cooeo on actual count late last night,
shd they eTlmated that without doubt
.ns maximum OF 800. 900 would be
eaehAd. From late returns II appears
Ss every district OF the country would
Ieach It's maximum allotment. with tho
cNception Of Atlanta and Dallas and
possibly Richmond and Minneapolis.