Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-05-23
NEW MEXICO IS
EXPECTED To PUT
UP s2,5O0,0O0
Treasury Department in Fig
ufing Allotment Of Liberty
Loan Bonds Estimates Sun
shine State High.

Washington, May 22.-What every
section of the country is expected to
do in unloosing its purse-strings for
the liberty loan was officially an
nounced tonight by the treasury de-
partment. The figures made public
are the minimum the maximum, II
is hoped, will be such an over-sub-
scription as has never before been
recorded in the history Of any ma
ton.
In framing the schedule of mini
mum performances expected, treas
ury experts have built structure of
figures with the entire banking re-
sources of the country as its founda-
tion. They have based their calcu-
lations not upon the patriotism OF
any particular section, but upon the
number of dollars TO be found In the
banks of that section. The program
thus tentatively created probably will
be reshaped entirely by the response
of the people of the United States;
but as guide, in the absence of any
other precedent it will serve the pur-
pose of showing each district what
the nation expects of it.
AllOtments to Districts.
Coincident with the announcement
of the tentative allotments-which in
reality are not allotments but esti-
mates of what each section should
take-the federal reserve board an
nounced tonight 1t had availed itself
of the extraordinary powers vested
in it by congress and virtually had
placed at the disposal of every bank
in the United States, member and
non-member, the powerful machin-
cry of the reserve system to assist in
making the loan an overwhelming
success
In making public its tentative al
lotments of bonds, the treasury de-
partment has adopted two bases of
estimating $2.00s.600, 900 issue
and one of $4,000, 100000, the lat
ter designed to meet the possibility
of one section falling to take the
amount estimated. The tentatives al
lotted, maximum and minimum, by
reserve district, follow:
The Reserve Estimates.
Boston, $240, 100000 to 100000
coo; New York. $500. 100000 to $780,
100000; Philadelphia, $4,000, 900
to $175.O00, 900; Cleveland, $780,
000,OO0 to $225,00O,0 900; Richmond,
$50, 900. 900 to 500, 900, ,o00 Atlanta,
$4,000, 600 to 75,O00,0O0; Chicago,
$3.50, ,0000, 900 to $325,000, 900: ST.
Louis, $4,000. 900 to 500, ,O00. 900;
Minneapolis, $S0.000,00O to 100000
000 Kansas City. $100,000,000 to
$125, 100000: Dallas, $40,000,000 to
$50.000,000 and San Francisco, $140,-
100000 to $175,000,000.
Analysis of the tabulation shows
that the three reserve districts with
headquarters at Boston, New York
and Philadelphia are expected to
take 40 per cent Of the loan.
New Mexico $2,SOO, 900.
Minimum tentative allotments by
states, estimated on the same basis,
include the following as each states
approximate proportionate share:
Massachusetts, $144,00O.000; New
York, $555,o00, 900; Pennsylvania,
5000, 0,000,000; Texas, $4,000, 900; II
linois, $l35,000, 900. Michigan, $780,
100000; Missouri, $60,0O0,00O: Kan
sas. $20.000.000: Colorado, $4,000
900; New Mexico. s2,500,OO0; Okla
bona, $14.500,000; California, $92,-
600, ,000:r Arizona, $3,0O0.00O.
These figures represent only the
minimum expected from each state,
which Is expected to top the mini
mum by as many hundred per cent
az possible.