New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-28
Nations Drive Carries the
Bond Issue Far Beyond
Expectations
Federal Banks
Are Overwhelmed
At Least 5000, 900 Persons
Contribute to the De-
fence of the Nation

WASHINGTON, Oct. 27.-The Liberty
Loan apparently has passed the $5O0o,-
100000 mark.
A last-day drive Of titanic proper
tions throughout tho nation rounded up
more than 81 ,oOO, 900, 900, and was found
to have carried the total several hun
bred million dollars beyond the maxi
mum sum Treasury officials had hoped
for.
Federal Reserve banks were strug-
Cling tonight under an avalanche Of
last-minute subscriptions to form some
idea Of the grand total. Indications are
that they will not complete their tabu-
lations for several days.
At least 10000 persons throughout
the country wrote their names on ap-
plication blanks. How many more did
so will not be known until the final
count several days hence. The number
may go as high as 100000.
Each of the twelve districts appeared
TO have passed its minimum, and indi-
cations were that most Of them had
exceeded the maximum.
subscriptions to the second Liberty
Loan probably have passed s5,000,0OO,-
00O" said Treasury statement. From
every district came the report that it
was almost impossible TO estimate to-
tails, as the subscriptions were pouring
in so rapidly that it was with the great
est difficulty they were even being re-
corded.
New sales were being reported by
telephone, telegraph and messenger, 1t
, was declared, from coast to coast.
None were so bold as to say it would
be possible to give an accurate account
ing OF all sales before next Wednes-
day"
Wednesday is the day on which
banks subscriptions must have reached
the district Federal Reserve banks.
Boston was one Of the first districts
to throw up its hands" the statement
continued. "With eager purchasers
crowding every bank and buying booth
in the district at 2 p. m, telegram
received here announced it would be
utterly impossible to provide more esti-
mates before Monday. Late tonight
another message trickled through say
ing that the workers were piling up
new millions and that enthusiasm was
unbounded.
New York Exceeds Maximum
with its maximum safely passed at
shutdown, the New York district went
forging ahead by artificial lignt. bent
on running up a total OF hundreds of
millions more. An enormous volume
of business was being conducted to-
night"
Subsequent to the issue of this state
ment, officials were informed by tele-
phone that New York's total would run
up to 81 $50 100000. This would swell
the departments figures to s4,7O5.-
100000.
Cleveland furnished one Of the elev-
enth-hcur SURPRISES" the statement
added. From official figures made pub
lie early in the day it became evident
that many sections had been slow in
reporting and that the real strength OF
the district was just beginning to show
County after county and city after city
came through with vast increases over
their maximum quotas, greatly swelling
the district total, which bids fair to 60
high over the maximum Of $500, 900. 900
Chicago, somewhat disappointed a.
its slow start toward its maximum of
500, 100000, buckled down hard to-day
TO come as near that mark as possible.
Workers had not entirely lost hope to-
night of taking rank with other leaders,
but the task looked difficult. Late re-