Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-05-06
GIGANTIC DEMAND
FOR LIBERTY LOAN
Treasury Fairly Swamped
With Subscriptions to
War Issue.
FROM ALL OVER u. S.
Banks Take Up Offering
at Rate of Half Million
Dollars a Minute.
FROM ALL OVER U. S.

WASHINGTON, May 5.-The treas
ury was buried today beneath an ava
lanche of subscriptions to the liberty
loan. Yesterdays pace of $40, 600, 900
an hour was quickened to almost
100000 a minute and it became APP
parent that the $4,000. 100000 Offering
would be oversubscribed beyond all
previous estimates.
Compilation of the actual amount OF
subscriptions received today was be-
yond physical possibility with the
present working staff. Probably one
fourth of the offering already has
been spoken for. Officials listed sub
scriptions received up to 2 p. m. per-
mitting the largest bundles of tele-
grams received thereafter to accumu-
late, and found uat during the six
hours Of working time that had
elapsed since the last compilation the
country had subscribed to $172,9S3.-
600 additional, bringing the grand to-
tai for the two days up to 1911. 1851
900. exclusive of thousands of replies
to be listed.
To BE Twice Ovcrsubscribcd.
Subscriptions listed yesterday and
today represent the offerings of less
than 6 per cent Of the total number Of
financial institutions before which
Secretary McAdoo placed the offering
forty-eight hours ago. Should the
present ratio be maintained the banks
and their customers will have sub
scribed to approximately $500 00O.
900 worth of the bonds, an oversub-
scription of more than 200 per cent.
AS many of the larger financial in
stitutions have telegraphed their sub
!, ftnfn l.. t,,
clined to believe that the present ratio
will hardly be maintained.
Possessions Represented.
Replies to the offerings 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, telegraphed $4,000 subscrip-
tions and added that the town would
be advertised in all the newspapers
there. From every state in the union
the reply was overwhelming.
New York, the country's financial
stronghold sent subscriptions totalling
s57, 100000 bringing its two-day
total up to s116.S90000. Todays
New York subscriptions included two
of S10,000,000 each. one of "a 1000, 900,
one of $4,000, 900, two of $2,500,000,
two of 100000 and six of 81 100000.
A New York lawyer took 10000
worth and three sisters made a joint
of 100000.
One of Three Million.
Philadelphia subscribed s13,330, 900
including one subscription OF $4,000
900, another of $2,000,O00 and six Of
81 600, 900.
Subscriptions have been tabulated
from approximately 1900 of the
81, 500 banks of the country. the other
10000 not having been heard from
or their replies having been received
later than 2 p. m. today. SO great
was the labor involved in distributing
the subscriptions geographically and
them that officials decided
to discontinue doing so for the present
at least until larger force can be
obtained. Indications are that the
present force will have its hands full
in simply tabulating the grand total
of subscriptions during the next few
days.
OkIahoma's 1927 900.
Grouped by states the two day total
of subscriptions includes:
Arizona, 100000: Arkansas, $780,
900; Illinois. s26,292. 900; Iowa.
$2.327,000; Kansas. s2.4S1. 900; Mis-
souri,. S3,276, 900; Nebraska, s1,274,-
900; New Mexico, s19S,000; New York,
$132.631 900; Oklahoma. $4,000;
Texas. $3.526,000