White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1917-05-11
OUR NATIONS CASH
AIDS LIBERTY LOAN
OUTPOURING NATIONAL WEALTH
100000 A MINUTE BY POPU-
LAR SUBSCRIPTIONS.
RESULT OF FIRST FEW DAYS
Philippines, Alaska, Island, Rush Gold
Cities Prove Liberal as Well as
Huge Oversubscription Seen
by First Days Receipts.

Washington, May 5.-The treasury
was buried beneath an avalanche of
to the liberty loan today.
Yesterdays pace of $4,000, 900 an hour
was quickened to almost 100000 a
minute, and it became apparent that
the $2,O0O,OOO,OOO offering would be
oversubscribed beyond all previous es-
Inmates.
Total Is $311,657,Ooo.
Compilation of subscriptions was
beyond physical possibility with
the present working staff. Probably
one-fourth of the offering already has
been spoken for.
Officials listed subscriptions re-
ceived up to 2 p. m. and found that
during the six hours Of working time
since the last compilation the country
had subscribed to $172,9S3,OOO addi-
tional, bringing the grand total for
the two days up to $311, $4,000, ex-
elusive of thousands of replies yet to
be listed.
No SIackers' Fund.
Subscriptions listed yesterday and
today represent the offerings of less
than per cent of the total number of
financial institutions before which
Secretary McAdoo placed the offering
4S hours ago. Should the present ratio
be maintained the banks and their
| NJ, To- mil hco RI n
proXimately $6,500,000 worth of the
bonds, an over-subscription of more
than 200 per cent.
AS many of the larger financial in
situations have telegraphed their sub
scriptions, however, officials are in
clined to believe that the present ratio
hardly will be maintained.
Replies to the offering received to-
day came from virtually every part of
the world where the American flag is
flown. Hawaii, Porto Rico and the
Philippines proved that they are not
financial slackers by cabling substan-
tial subscriptions. Fairbanks, Alaska,
the northernmost city in the western
world photographed a $4,000 subscrip-
tion and added that the loan would be
advertised in all the newspapers there.
Reply Is Overwhelming.
From every state in the Union the
reply was overwhelming
New York, the country's financial
stronghold, sent subscriptions totaling
$50, 100000, bringing it's two days
total up to $116,S9O,OOO Three sub
scriptions of $1,O0O,0OO each were re-
ceived from San Francisco, making the
days total $6,56O,00O. Subscriptions
have been tabulated from approx
mately 1900 banks.
BY States.
Grouped by states, the two days
total of subscriptions Includes
Alaska, $4,000; Arizona, 100000;
California, $7,O52,OOO; Colorado, $1,S32,-
-; Idaho, $4,000; Illinois, $26,292,-
900; Iowa, $2,372,OOo Kansas, $2,4S1,-
900; Kansas, $2,4S1O0O; Minnesota,
s2,22S, 900; Montana, $611, 700; Nebras-
ka, $1,274,O00; Nevada, $4,000; New
Mexico, $19s,OOO; North Dakota. $685.
900; Oklahoma, SS27,O00; Oregon,
sS99,000; South Dakota, 100000; Tex
as, $3,526,000; Utah, $4,000; Washing
ton, $231S,000; Wyoming, $4,000.
From Cities.
Subscriptions received during the
two days from some of the chief cities
of the country were s follows: Chi
cago, $21,565,00O; Cincinnati, $685.
900; Denver, $1125,000; Kansas City,
$635,000; Los Angeles. 100000; Min
neapolis, $685., 900; Milwaukee, $780,
OOO Portland, Ore, $4,000; st. Louis,
100000; st. Paul, 100000; San Fran