Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1917-06-15
DELAWARE BUYSSlS,OOO,O
OF LIBERTY BONDS; OVER
THREE TIMES ITS SHARE
footing Of Whistles and
Changing Of Bells at Noon
Throughout the City CeI-l
ebrate Unprecedented Rec
ord Of Diamond State.
STATES ALLOTMENT BY
FEDERAL BANK s4.OOO,Oo

@raAhNaA - ~
Delaware has subscribed 10 at least
$4,000 600 Of the Liberty loan. it wns
estimated when the great financial
irive ended In this city at noon The
amount may be even more, when all
returns are made.
This State hns subscribed to more
than three times the amount Of tho
Liberty Loan that was apportiOned Ia
this State and that event unprecedent-
ed by any other State In the Union.
was celebrated at 10 o'clock today BY
the ringing Of bells and the footing Of
whistles ON industrial plants and on
street cars about the city.
Delaware's original apportIonment
Of the Liberty Loan by the Federal
Reserve Board was Sl,OO0,OOO.
That original apportiOnmcnt never
was changed by the Federal Reserve
Bank. although Philadelphia financial
circles spread the impression broad
cast that DelaWaro's share was $751;
OO0 900.
But the fact remains that DclaJ
wares appOrtionment was s4.000,000
and that In round figures at least s1s,-
100000 OF bonds have been subscribed
by Delawareans- than three
times MS much as this State was sup
posed 10 take. The s1SOOOOOO Is p
conservative estimate, Wilmington
5 bankers said al noon.
Bankers. brokers, fnanciers. indus
:; trial leaders. everybody who aided N
y any way in swelling Delaware's great
loan record were proud OF the Won
k derful response 70 make their dollars
count for liberty.
So when ihe fact stood out that Del
- aware is way up at he head OF the
q list. basking alone in the honor OF
having subscribed 10 three times as
q much as Il was asked 10. the ringing
Of bells and sounding OF sirens was
arranged at noon TO calculate the
, event
Some persons who have not follow
ed the Liberty Loan campaign closely
thought the demonstration at noon
] hlkuHllAtu n NlAlNlN VI th' fAAoAAN"AA
navy or peace in the European war,
and besieged newspaper offices with
telephone inquiries.
A Misunderstanding has existed as
20 the share Of the Liberty Loan Della
ware was TO take. A prominent banker
/ today said this State allotment by the
10 Federal Reserve Board was S4,000,000
3 and IL never was changed. When
b Philadelphia bankers began 10 map
out their campaign and we're dubious
D about taking up their share OF the
j. Liberty Loan. one Of the committees
4 sliggested that Delaware be called
upon TO take $4,000 900 OF the bonds
y That is how the idea that Delaware's
\ share was SIS 100000 gained circula-
ton. Delaware is attached to the
Philadelphia Reserve Bank zone.
: AS a matter OF fact. Delaware was
- called on to buy S4,000,000 Of the
z bonds and it has bought. 1t is esti-
n mated, S1S.000.000 Of them.
y II was said today by several memoers 5
h of the Wilmington committee that the
i exact figures may not be available until
Monday. It was generally felt, however
n that Delaware has greatly exceeded
every expectation. according to John $
. Rosseu. president of the Security Trust
COMPANY. II the total amount Of sub
scriptions in this State does not reach
, the slB 900 600 mark. they viii at least
!, approach that amount closely, Mr.. Kos
~ sell estimated from verbal reports, which
he pointed out. would be tremendous
sum for the state. the government hav-
inc figured Delawares share at only
efoO100O. Henry p. Scott another
nroninent local banker. estimated the
amount subscribed at between SlzOO0.-
II Ooo ~ SIS 100000. One or two imam
i ciers said they would not be surprised
RI 4be total reached sl5,000O0O. They
., considered $4,000 600 a fair estimate
= II was also impossible 70 estimate 'he
total number Of individual SUBSCRIPTIONS
hut according 10 the head OF one large
u bortino institution who based his fig
as ,,rcs an the fact that his bank alone
ne bod t,,en over 200 subscriptions. more
l. than 10000 separate subscriptions were
" received throughout the state
p While the loan closed officially to-
n day at noon. local bankers have
y, bought up large blocks Of the lean
:, and will be ready to take care OF be-
y lated subscriptions. For this reason
y the sale went right on after II O'Clock
y and will continue 70 do so as long a.
~ the bonds are available.
Liberty bonds sold at S102 in New
York this afternoon. Il was prophe
sled here that before the end OF mex
-. week the bonds would be worth s105
~ ~ II was denied that this would caus
~ the local bankers 70 cease the sale o
r the bonds that they have on hand AM
"a az one institution the decision wa
- quickly reached 10 continue the sal
-. OF the bonds az par, although Il wa
"a roinfad ouf that the remaining sup
as ply IS limited.
his MAYOR ne 1Ss, s.'u A. General ant
no Wilmington in particular FOR over
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