Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1917-06-20
Half Billion Over Mark, Says
Washington Dispatch.
LOAN is SUCCESS-M'ADOO
Large Number Of Small Sales of War
Bonds lnsures Issue as Popular
Loan"-Secretarys Hopes
Surpassed.
FINANCIAL MOBILIZATION
THE NATION.

Washington, June 15.-The two bill
lion Liberty loan has been placed sue
cessfully.
This positive statement was made
on the authority of Secretary McAdoo.
Unofficial figures received at the de-
partment up to five O'Clock last eve
ming showed that the loan had gone
over the S2,000000000 mark and might
reach S2,5O0, 100000. Treasury officials
said it probably viii be nine o'clock to-
night before the final returns are re-
ceived.
Secretary McAdoo made no formal
announcement of the result of the 30
day campaign for war funds, but ex-
pressed his satisfaction with the fig
ures he expects to have tonight.
However, in a brief statement, Mr..
McAdoo announced that up to one
o'clock yesterday the subscriptions Of
ficially reported to his office totaled
81, S43, 100000 which left only S157,-
100000 to be made up from the vast
sums which it is certain will be report
ed today.
More than gratifying In the secre-
tary's mind is the number of subscrib-
ers to the loan. 1t has proved pop
ular loan" in every sense of the term.
The number of buttons asked for
by the various federal reserve districts
shows that the previous estimate of
100000 individual subscribers falls
far short of the actual number of men,
women and children who put their
faith In the American eagle and their
savings at the disposal of the nation.
MeAdoo's Hopes Surpassed.
All along it has been Mr.. McAdoo's
aim to have the loan oversubscribed;
but even the results Of the last few
days feverish campaign surpassed his
hopes.
Treasury officials say there is no
way of approximating how much the
total viii reach, although the depart
ment has tried all week to gain some
definite figures from the outlying
banks
Assistant Secretary Crosby said
such conditions were not to be won
dered at. The banks. he said, were
doing their part Of the work purely
through a patriotic feeling and pos
sibly it was too much to expect them
to neglect routine business of pri-
mary importance to tabulate figures
In advance, when a final tabulation
would be sufficient.
In face of all these encouraging
reports, no letup was allowed in the
last great drive for the loan. In
many cities and towns some of the
banks were keeping open until mid
night. As late as five o'clock kilograms
from number Of cities received at
the department said long lines of
men and women were waiting at the
bank doors with cash in hand to buy
bonds.
Just how deep THE little fellows"
the men with only a few hundred
dollars TO spare, went into the war
investment is shown in the fact that
every large manufacturer Of button
emblems In the country has been
working night and day for the last
two weeks TO turn out the thousands
of lapel badges showing the wearer
had bought bond.
Chicago Took $4,000 Buttons.
Chicago asked for 100000 buttons:
Cleveland and st Louis wanted zoo
COO; Boston and Philadelphia needed
100000 each Dallas asked for 1875. 600
and San Francisco 265,00O
JUST why Philadelphia and Boston.
both smaller cities than Chicago,
should have had more subscribers.
was explained at the department by
pointing out that eastern cities rep
resent mills and factories with n
greater number of workers than the
agricultural and live stock regions of
the West and South.
Attention was directed 20 the great
number of subscribers compared with
the number which raised the first
British loan, England in her first
loan had $50 denomination bonds.
and as result there were hut 100
600 subscribers. Later when another
issue was tloated 2T,00O war savings
associations" were formed. which of.
fered certificates Of about S2.60 value
and 100000 Brltons came forward as
bond buyers.