Arizona republican., 1917-05-08

New York. Other signs may be oper ated in other large cities. | In addition, Secretary McAdoo has under consideration a speech making tour in the interest of the big issue. | Mir. McAdoo has received numerous invitations to speak in the middle west.
 Responses to the offer of the big issue have been extremely gratifying thus far MT. McAdoo said tonight. ] Today's partial tabulation of replies received from banks and bankers showed no diminution in the rate at which subscriptions are pouring in. | Thirty-fiv of the chief cities of the country offered to take S104, ,S46.000 worth of the bonds today in addition to previous offers, bringing their total up to s326976000 for the three days during which subscriptions have been received.
 In many instances. however, the of fers were in the nature of estimates as to what could be taken rather than an 1 outright offering to subscribe. In making the totals of the responses thus far received these estimates have been included with outright offers Of subscriptions.
 Totals of offers and estimates from banks of 35 cities announced tonight for the three-day period include: Bos- ton, $13,290,0 900; Chicago, $25,000,000; Denver $3415,000: Kansas City, Mo, s635, ,000; Los Angeles. $900,000; New York, S176,957 900; Philadelphia, S19,- All, 900; St. Louis, S255, 900; San Fran cisco, $6,900,0OO
 Thus far only the banks and wealthy | individuals have been heard from. The small investors voice has not been heard, except indirectly. Officials be- lieve that a great army of men of moderate means are anxious to invest in the bonds and to this end a pro- gram is under consideration which en- able virtually every one to buy at least one bond.
 t'It is intended to make the bonds of such denomina tions," Secretary Me Adoo announced today and the pay ments of such easy terms as will give every inhabitant of the land the op- portunity to help. Announcemnt will be made in a few days
 MT. McAdoo is very desirous of plac ing the bonds with the actual invest ing public, rather than the banks and in this he has the endorsement of tl.e federal reserve board. To have banks absorb even a considerable of the of fering, officials feel, might be injuri- ous to the financial system of the country by tying up funds which ought to be kept in a fairly liquid condi ton.
 To encourage individual subscrip- | tion, treasury officials have approved button to be worn m the coat lapel | stating that the wearer is an owner of liberty bond. One button will be giv l en to each subscriber. The legend on | the button has not been finally ap- proved, but it may read about as fol- lows:
 T own liberty bond. Do you?"
 The need of individual subscriptions to the loan was emphasized tonight by statement by Secretary McAdoo in which he said:
 Although the response thus far by banks, bankers and citizens generally has been tremendous it must not he assumed that the great bond issue will be subscribed without effort. The loan ! will not be- carried to success by it's own momentum.
 Every man and woman in the conn., try must get behind this loan, must give financial aid and active support l If we desire the result to be achieved. The splendid patriotism evidenced by the thousands of telegrams received at the treasury department the past few days is most inspiring. but this would struggle for the vindication and su- premacy of democracy cannot be won unless the financial sinews of war are | put in ample measure at the disposal of the government
 Tt is not possible, of course, for every man and woman to subscribe for a bond, however small the denomina- ton, but 1t is possible for those who