Evening capital news. (Boise, Idaho) 1901-1927, 1917-05-04
Boise Banks Asked by Sec
rotary Of the Treasury to
Estimate Amount That
Will Be Taken by Pat
rOnS.
LIMIT OF THE SALES
FIXED AT JUNE IL
Believed a Million Dollars
Will Be Subscribed in
This Territory On the
First Issue of Two Billion
Dollars.

Subscriptions to $4,000, 900, 900 of the
$4,000, 100000 liberty war bonds, the
money derived from which will go to-
ward financing the present wal
against Germany. can now be filed
with the Boise national banks. 1t is
conservatively estimated by Boise
bankers that this territory. including
Boise and southwestern Idaho, will
subscribe to from 100000 to $2,00O,-
600 worth of the bonds. Subscriptions
will be received up to June Is by the
banks and will be reported to the sec
rotary of the treasury. The bonds
draw 31a per cent. They are backed
by the government ami are as good as
gold.
OFFICIAL NOTIFICATION.
The official authorization to take
subscriptions to the bond issue was
received today by the Pacific Ma
tional. Overland National and Boise
City National banks.
Government will receive subscrip-
tions until June Is fors 81, 900, 900 600,
ga per cent Liberty loan. You can
render invaluable service to. your
country by receiving subscriptions
and cooperating with federal bank in
your district. Will you kindly do this
and telegraph me at government ex-
pense as soon as practicable. Rough
estimate amount of bond YOU think
Will be subscribed by your customers.
wv. G. M'ADOO,
Secretary OF treasury"
Bankers have no definite informal
ton as to the exact denomination of
these bonds, but they are believed to
run as low as SO and 500 in order
that subscriptions will be made as
popular as and those having small
savings may be able to subscribe.
DIFFICULT TO ESTIMATE.
AS June Is is set as the limit date
In which subscriptions can be receiv-
ed, the bonds will not actually be is
sued until after that date. Soon af-
ter information generally became
known that the bond issue had been
thrown open for subscription, the
banks had number of calls. Be
cause of the nature of the loan, the
fact that government bonds are the
securities and that they draw So per
cent will make the subscriptions very
popular the banks believe.
1T would be somewhat difficult this
S"iis " soy utliilleIN lile amount OF
the bonds that will be subscribed to
In this territory" said one of the |
bankers today. However. | should |
say that $l,000,000 would be a very
conservative estimate indeed We have !
not notified Secretary McAdoo as to !
the amount of bonds we believe our |
bank patrons and others will sub
scribe as we believe it will be difficult |
TO give an estimate on this until after
1t becomes generally known to the |
people that subscriptions will be re-
ceived"
ISSUE WILL BE POPULAR.
The Boise banks subscribed over
100000 for the treasury certificates !
recently and if this can be used as a
basis the popular subscriptions to the
bonds in this territory will run far
above that figure in Boise alone.
1t is generally understood by bank
Ing men that the treasury certificates
FOR which subscriptions were received
but a temporary loan to
the government by the larger banking
institutions pending the floating of the
popular $1,000, 600. 900 bond issue gen.
orally known as the Liberty bonds, and
that after this issue is floated the
treasury certificates will be taken up.
The banks will notify Secretary Nc