Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-06-23
TabuIation Is Finally CompIet-
ed, Showing Total of Sub
scriptions to Be $685.
226,85O,
MORE THAN a. MILLION
PERSONS ARE INVESTORS
McAdoo Says Subscriptions to
$4,000 Will Get Full
Amount Of Bonds Sought by
Subscribers.
tsy MORNING JOURNAL SPECIAL LsAsEo wIRxl

Washington, June 22.--Liberty loan
subscriptions totalled $3,035, 226,S $50,
an over subscription of nearly So per
cent
The final tabulation was officially
announced tonight, showing that
more than 100000 persons bought
bonds. Ninety-three per cent of sub
scriptions or those of S,96O,00O per-
sons were for sums varying from $50
to $4,000, while twenty-one sub
scribers eapplied for allotments OF
$5,000,0O0 each or more.
The New York federal reserve dis
trict led the list with subscriptions to-
falling 400, or more than
three times the amount subscribed In
the next district, Chicago, 1857, 7,195,-
$50. The other districts sent sub
scriptions as follows
Boston, s332,447,600; Cleveland,
$2S6,148,700; Philadelphia, 232. .S09,-
250: San Francisco, $175,623,900;
Richmond, $1O9,7371O9; Kansas City.
$91,758,S50; st. Louis, $S6, 700;
Minneapolis, $7O,255,500; Atlanta,
$57,87S,550; Dallas, $4S,94S,350.
How AllOtmcnts Will BE Made.
These subscriptions include those
sent direct to the treasury and ap-
portioned among the various reserve
districts.
Allotments will be made, Secretary
McAdoo announced, as follows.
"On subscriptions up to and includ-
ing $4,000 full amount. These sub
scriptions totalled $1.296, 6,6S4,S50.
More than $4,000 up to and in
Guiding 100000, sixty per cent of the
amount subscribed, but not less than
$4,000 in any instance. These sub
scriptions totalled $3.50, ,l03,O5O; al
lotments to subscribers in this group
will aggregate $336,061, $50.
More than 100000 up to and in
cluding $250,000, forty. five per cent OF
amount subscribed, but not less than
100000 in any instance. Subscrip-
tions in this group totalled $220, ,455,-
500, and allotments will aggregate
$99,205,000.
More than $250,000 up to and in
cluding $2,000,O0o, thirty per cent,
but not less than s112,500 in any in
stance The total of subscriptions in
this group was 1901, 1900; allot-
ments will aggregate $1S4,3S1,S0O.
Largest "Bit" Over $25,OOO,0OO.
More than $2,000,000 up to and
including $6,O00,00O each. rs per cent.
but not less than 100000 in any one
instance. Subscriptions in this group
totalled $234,544.S00; allotments will
total $5S,661,250.
More than 100000 up to and
including $10,000,000 each, twenty
one per cent. subscriptions in this
group totalled $46.674,150; allotments
will aggregate $9,s01. 800.
Two subscriptions of $4,000, 00O
each were received. The allotments to
these subscribers will be at the rate
of 20.22 per cent, and. they will re-
ceive bonds of the value of $5.055,0OU
each. One subscriber to $25.250,0OO
the largest--will be given 20.17 per
cent, or s5,093,66O.
"The pairing down process thus Will
apply chiefly to the large subscrib-
ers. In cases where larger subscrip-
tions have been reported to the fed
eral reserve banks as consisting or
number of small subscriptions. provi-
sion has been made for allotment in
accordance with the several amounts
of the smaller subscriptions.
Sought Wide Distribution.
THE figures as to the number of
subscriptions are estimates Mr.. Nc
Adoo explainer. because the re-
turns from the federal reserve banks
in this respect are incomplete, but
when finally reported they will exceed
the number stated (4.0O0,0OO.
"One of the chief purposes of the
campaign was to distribute the lib
erty bonds widely throughout the
country and place them as far as
possible in the hands of the people.
This was important because the
strength of the government finance,
like the strength of government pon-
ciss, rests upon the support OF the
people. The large number of sub
scribers. especially the large number
of small subscribers, Is most gratily-
ing and indicates that the interest OF
the people was aroused as never pc
fore in an issue of bonds.
THE widespread distribution OF
bonds and the great amount OF the
over-subscription constitute an elo-
quent and conclusive reply to the
enemies of the country who claimed
that the heart of America was not in
this war. The result, of which every
citizen may we'll be proud. reflects the
patriotism and the determination OF
the American people to fight for the
vindication of outraged American
rights, the speedy restoration OF peace
and the establishment OF liberty
throughout the world.
Bonds Limited to Two Billion.
"As originally announced, the pres
ent issue of bonds is limited to $4,000
100000 and no allotments will be
made in excess of that amount. l
have consequently decided to exer-
else rights reserved in the announce
ment offering the bonds to the pub
lie. to allow in full all applications for
the smaller amounts and to reduce al
lotments on applications for the larger