New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-17
Government Will Issue Only
Two Billion of Liberty Loan
New York's Subscriptions
$l,050,000, 1000 and Growing

Friday below par. Trading was lin
tied, with all transactions taking place
at par or slightly above that figure
The governors of the exchange have
taken no action in connection with the
sale of the bonds below par on Friday.
The Liberty Loan Committee has
adopted a resolution commeding the
work of the newspapers of this reserve
district in behalf Of the loan. The res
olution reads:
1.-THE Liberty Loan Committee desires
to go on record to the effect that no
other factor has contributed in greater
measure 10 the success of the Liberty
Loan in the Second Federal Reserve Dis
trct than the intelligent and consistent
cooperation of the newspapers of this
district. Their splendid assistance was
an indispensable contribution to the
work of the committee"
Commenting on this statement Guy
Emerson, secretary of the Liberty Loan
publicity committee, said:
From the outset the press of this
district has acted in the most unself-
ish spirit. Every form of publicity at
the command of the newspapers and
press associations has been employed.
The loan has been prominently feat
ured in news columns, in editorials,
cartoons, display lines, boxes, etc. 1t
has been on the financial pages, sport
ing pages and womens pages and spe-
cial columns. In addition to this, the
New York papers have lent several of
their best men without charge to the
committee to assist in the collection
daily news on all features Of the
loan"
Bond Statesmen Praised
Benjamin Strong, jr., governor of
the Federal Reserve Bank of New
York and chairman of the Liberty
Loan Committee, yesterday sent the
following letter TO all the members of
the committee and to the chairmen of
the various subcommittee for the
Second Federal Reserve District:
"Now that the subscription books
in the Liberty Loan have closed, !
want TO express the hearty thanks of
the directors and officers of this bank
to every member of our organization
for the enthusiastic and unselfsh work
which they have done during the last
six weeks.
"Tte subscriptions received in this
district up to the close of business
yesterday aggregated well over
billion dollars. In addition TO this.
subscriptions have been coming in
from all parts of the district to-day.
The exact total will probably no. be
known for several days. This great
sum of money has been subscribed by
large number of people. The exact
number cannot be known for many
days, but I hope this district alone.
when the final returns are in, will
show upward of one million sub
scribers.
81 would like, with your permission,
TO say just one thing more: However
great the terrible cost of this war in
blood and property, there will neverthe-
less be some results which may per-
haps in part mitigate something or It's
horrors. One of these results will be
the feeling of solidarity that will be
instilled in the American people. The
men and women Of this district and of
this country are closer together than
they were before we started this Lib
erty Loan campaign. Employers and
employed have stood side by side in
contributing their money and in work
ing to get others to contribute money.
1t has been a splendid piece of team
work. The nation is stronger for it,
Boy Scouts Sell Many Bonds
The Boy Scouts of America had re
turned up TO noon yesterday S12,146,15O
in bond applications, from 1,209 cities
and towns, and 97,605 individual sub
scrptions. James f. West, chief scout
executive, said yesterday that he was
confident the total will run over
$15,OO0,00o.
Rochester, according to advices re-
ceived by the Liberty Loan Committee
Yesterday, subscribed for s20,5l0,300 of
the loan. The number of individual
subscriptions amounted to $4,000, or
approximately 20 per cent Of the popu
lation.
Six thousand employees OF the Brook
lyn navy yard subscribed s250,000. The
Subcommittee covering the auto, tire
and accessory business Of New York
entered subscriptions for $3,488,900. .
Forty thousand employees of the Ameri
can Telephone and Telegraph Company
took s3,750, 900. Erie Railroad employees
to the number of 14,063 subscribed for
81, 006,0 900. Other additional subscrip
tons were s350,O00 from the Corpora
ton Trust Company and S250,000 from
Armour & Co. The United States Rub
Der Company and It's employees sub
scribed s2,400,000.