Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-06-17
NO ALL0TMENTS
OF LIBERTY BONDS
OVER TWO BILLIONS
McAdOO Declares Issue Will
Stand at Original
Limit.
TO PARE DOWN HUNDREDS
OF LARGER SUBSCRIPTIONS
Applications for Smaller Amounts
Will Be Allowed
in Full.
MAY KNOW TOTALS BY MONDAY
Ovcrsubscription, 1t Seems Certain,
Will Not Fall Below
100000, 900.
TO PARE DOWN HUNDREDS
OF LARGER SUBSCRIPTIONS
MAY KNOW TOTALS BY MONDAY
OvcrsubscriptiOn, 1t Seems Certain,
Will Not Fall Below
500 900, 900.
lHv Associated prcs..l


WASHINGTON. June I6.-Sccretary
McAdoo announced tonight that no
part of the great overSubscriptioa TO
Tho Liberty loan would be accepted
and that his statement of May 10. in
which he declared that the issue would
be limited TO 100000. 900. stood good
now as then
Mr.. McAdoo's announcement will re-
suit In pairing down hundreds Of the
larger subscriptions until the total
reaches tho s2.0oO.Ooo. limit The
ovcrsubscript!on Will not fall, It seemed
certain. below 100000. 300, and may
80 high as 5000, 100000.
The grand total Of subscriptions re-
ccived at reserve banks up to noon
Friday. the closing hour. will not be
known until Monday AZ the earliest.
he total Of subscriptions that reached
the Federal reserve banks after this
hour probably will not be known until
after That.
NOT TO BE ENLARGED
no INCLUDE: ALL OFFERS
In dispoang Of reports that the
amount of the issue might be enlarged
TO include all offers. SIR. McAdoo In a
statement. said
be madc-in excess OF the $1,000 600 300
offered announced this on May TO-
when the details Of the loan were first
published.
II have asked the reserve banks to
tabulatc scparatcly. and on supplement
tary lists the subscriptions received
yesterday. June Is. after noon in order
that | may he in a position to con-
N al M AL n, Of be
s. oo00oo,coo OF bonds. those applica-
tions which. through no fault of the
subscriber tcither because of delay on
tho part of the bank or trust COM
pany transmitting them or congestion
ct the mails or at the doors OF the
Federal reserve banks at the moment
OF closing). were not recorded on time.
1T IL impossible now 10 tell what
decision will be reached in this matter
or 10 determine the basis upon which
al!otments Will be made, until substan
TALLY definite returns have been re-
ccived from the several reserve banks
'! shall avail myself OF the right re-
served in the circular offering the
bonds 10 allot in full upon applications
for smaller amounts of bonds and to
reduce allotmcnts on applications for
larger amounts. as such action will be
clearly in the public interest"
Mr.. McAdoo to-day acknowledged
with appreciation the work Of the
many forces Of publicity which aided in
the hotation OF the loan.
The Liberty loan campaign" he
said, was essentially one OF education.
and without the generous and patriotic
support of the press Of the nation. the
hope OF those III charge that it would
be a popular loan would not have been
realized
"At IA time when news space was at
a premium. the Liberty loan was fea-
tured at length. The foreign-language
press. in thirty-siN languages. gave
daily proof OF the undoubted loyalty
OF peoples OF foreign birth.
81 shall be most grateful to the press
if this acknowledgment is given wide
publicity"
Only ono reserve district. Atlanta.
had completed it's work of tabulating
the totals this afternoon. Estimates
from tho other eleven districts sent
the probable aggregate for the coun-
try rising to new high levels
The totals of figures that had ac-
tually been tabulated in New York,
Boston, Philadelphia, Atlanta. Chicago
Cleveland and San Francisco-where.
with the exception of Atlanta. the
work Of compiling the totals was still
in progress--and OF official estimates Of
totals in the other districts showed a
subscription of At least S2.Sl5, 500 000
representing only a portion of the full
amount.
PROSPECTIVE TOTAL
GOES TO S2.951 ,OOO. 900
Estimates of all districts, including
the Official tabulated returns from At
lanta, sent the prospective total to
s2.951 100000. These figures included
$500. 900 subscribed in the Philippines.
but did not include any of the sub
scriptions sent direct to the Treasury
here, no estimate Of which has been
mado public.
Official estimates made at the re-
spectivc reserve banks and tabulations
follow:
New York-Tabulated sl.o50,o0o 900:
estimated Oast nighD s1,2oo,o00,o00
Observation-Disclosures date yesterday
s2G33Oo. 900; estimated $270.o00,ooo to
S300. .0Oo. 900.
Observation-Disclosures S223.000,00
Observation-Disclosures S103,000.000.
Atlanta-Final tabulation S5S.500.0 00o
Chicag go-Tabulated $S45.00o.O00.
Cleveland-Tabulated s276,20O.o00;
estimated S2S0.000.O0o.
St Louis-Estimatcd s30.00000o.
ncapolis-Estimated S62.000,0o0.
Kansas City-Estimated $4,000. 900.
Dallas-Estimatcd SIS,000.000.
San Francisco-Tahulated $171.000.-
900: estimated s1S0,000.00O.
Assuming New YOrk'S big estimate