The Birmingham age-herald., 1917-07-24
MORE THAN SIXTY PERCENTO OF LOAN
 HAS BEEN PAID
People Who Want to Aid Government With Their Money Have Not
 Been Slow

Washington, July 2s.-More than 60 per cent of the 5000 100000 liberty loan al- ready has been paid into the United States treasury. Today's treasury state ment. the first issued in A days, shows payments June 90 on the liberty loan ac- count of $1,3s5,O24, 456.
 Only 20 per cent of the loan, or $40O, 0O0,0 was due June 30, the two pay ments of 2 and IS per cent, respectively, being due June 15 and June 8 The amount thus voluntarily paid into the treasury by subscribers ahead of time totalled only $15,O0Ooo0 under a round $l,000,O 900, 900.
 WHERE MONEY WENT
 Out of the proceeds and other revenues, the government had redeemed treasury certificates of indebtedness, issued in an- ticipation of the loan, amounting to S626, 10000, June 30. The balance was de- posted in federal reserve and national and state banks and trust companies throughout the country in accordance with Secretary McAdoos plan of dis tributing the deposits among as many institutions as possible. A total of $56O,- 662, 21S was deposited in banks other than federal reserve banks June 30
 Notwithstanding the enormous with
 
 more than three times the sum due the redepositing of the funds among banking institutions prevented even a ripple of disturbance in the money mar kets.
 The heavy payments on liberty loan account ran up the governments bal ance of cash on hand June 30 to the rec ord figure of 8, ,064, ,0S6250. This was aft CT the treasury department had re- indebtedness amounting to $625, ,OO0 600. The last day of the fiscal year also ranked high in ordi- nary revenue receipts, the total being more than $20OO0,000.
 MANY PAID IN FULL
 Hundreds of thousands who bought so- called baby bonds, those of $50 to $100 denominations, availed themselves of the privilege of paying in full at once. Pur- chasers of large allotments were re- quired to give two weeks notice of their intention to pay in excess of the de- partment's allotment programme In hundreds of instances, apparently, pur- chasers of large allotments also paid in full for their bonds.
 Because of the immediate amount of clerical labor involved in tabulating pay nients and checking reserve bank reports, the treasury statement for June 30 was delayed a record time this year. Usual ly 1t comes out two or three days after the fiscal year ends. Even today late figures, footnote states, is subject to revision.
 In other respects than those affect ing the loan, the statement of the gov ernments financial activities for the fiscal year is a record breaker. Total receipts from all sources touched the new high level of $S,475, ,159, (935, of which appropriately $230O, o0O0 900 was from the loan and the sale of certificates of in- debtedness. Ordinary revenue receipts increased nearly $S50,Oo0000 over the pre- cedng fiscal year, reaching total of s1122,576,229. These were apportioned as follows
 CUSTOMS RECEIPTS
 Customs receipts. 22591 935, an increase of more than $14,0o00O0 over the preced- ing fiscal year; ordinary internal reve- nue receipts covering taxes on distilled spirits, beer, tobacco, oleomargarine and other articles, $449 92o9,S55 an increase of $61 1,300,000; income tax receipts, $360 O06,- 490, an increase of $236 0OO,000 or 1sO per cent; and miscellaneous receipts, SS7. .37S.- 29S, an increase of $34,5O0,O00, or 6S per cent.
 Panama canal tolls for the year showed a total of $5,S72244, as compared with $2,554,576 the preceding year, an increase of approximately 130 per cent.