South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-10-12
BONDS MUST
Be SOLD TO
HELP i. 5. A.
Less Than Seven Per Cent in
Now = 100000 is
Needed Daily Until
Campaign Closes.
Press Service

WASHINGTON. oct. s1i.-Less
than seven percent Of the $4,000. e.
100000 which the government hopes
to obtain i'm subscriptions to the sec
ond Liberty loan had been subscrib-
ed at the close of business last night
Treasury officials made public the
actual subscription figures today.
The total is $50. 100000. This Hgure
includes every dollar reported TO the
reserve banks from every section Of
the United States. one reserve dis
trict, however, Minneapolis, no hg-
ures were reported
The subscriptions indicate the
necessity for the hardest kind Of
work on the part of the whole coun-
try for the balance of the cam
paisn." reads the treasury depart
mcut announcement. The campaign
is more than one-third gone. Four
teen working days remain.
subscriptions by Districts.
Subscriptions 10y federal reserve
districts were as follows:
Boston. S41.SO0.O0O; New York,
$22S, 1921, 900; Philadelphia. S13,5S3.-
600: Cleveland, $1.S95.OOO: Rich
moud. $12,229, 900; Atlanta. S1.7O3,-
600: Chicago. $4,S16.OOO: St Louis.
S1.I29.OOO: Minneapolis, no report.
Kansas City, $1,237,OOO; Dallas, ST.
$4,000: San Francisco, $16.041,O00.
These figures represent the total
of subscriptions actually filed with
the several federal reserve banks
ard the treasury department.
while very large number OF in
corporated banks and trust COM
panies throughout the country have
not yet reported any subscriptions
TO the federal reserve banks" the
statement continues. and while the
Liberty loan committee has unofti-
cially reported a number OF large
subscriptions which have not yet
been formally filed. even making due
allowance for these unrepOrted
amounts. the subscriptions thus far
received indicate the necessity for
the hardest kind of work on the
part of the whole country for the
balance of the campaign.
Must Have S2OS. O0O, 00O Daily.
There are "A business days dur
ing the campaign period and in or
der 10 obtain subscriptions OF So
coo. 100000, average daily subscrip-
tions must amount 10 more than
S2OS,OOO.O0O per day, whereas up TO
date the average has been only about
100000.
1T is particularly important to
impress upon the people of the cOun-
try that this undertaking must not
be left 20 the people OF great wealth,
as no such sum can be subscribed
except by the earnest cooperation OF
all the people Of the country
1T is estimated that in the first
campaign there were about 100000
subscribers and with the better or
ganization now available and the
large amount of educational work
which has been done. the coontry
should be able 10 count at the close
Of the campaign subscriptions from
at least 100000 people
Analysis of the returns shows that
the reserve bank of New York has
placed in actual subscriptions more
than twice as much as the rest Of
the country. These figures Of course.
do not tell the entire story, as many
thousands of the Country's $4,000
banks and trust companies have
made no report whatever of sub
scriptiOns.
Reports from Large Cities.
Chicago reports indicate that the
official figures represent a far small
Ter amount than has been actually
subscribed" reads the statement.
SAN Francisco's unofficial total at
noon today had reached $4,000, 900.
New England's estimated total early
today was $4S.OOO,OO0. Massa-
chusetts gives $2O,OOO,O0O: Rhode
Island. $7.OO0.OOO; Connecticut al
most the same amount and the rest
scattering.
ST. Louis reported that its sub
scriptions were above s17.OOO.OOO
and New York's was known 20 be
far in excess Of the official figures.