Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-10-28
Maximum Set for Great Loan
Probably Exceeded Several
Hundred Millions.
Continued from First Page.)


tee placed. the total subscriptions OF
the district in excess of $3.50. 900, 900
but with every banking institution in
this territory remaining open late into
the night to receive last-moment sub
scriptionS. it was impossible to obtain
accurate figures.
Returns that fairly swamped the Fed
eral Reserve Bank of Richmond during
the afternoon and early night indicated
probably the greatest activity of the en-
tire campaign. 1t was impos Sible, in
view of the hardness on the part of
many banks during the greater part of
the drive to report their results. 20 make
Intelligent estimates of the total sub
scription. 1t may only slightly exceed
the other hand. there may have been a
tremendous subscription the last day of
the campaign. boosting the aggregate to
as great figure as siI0,o0o,ooo.
Every one of the five states COM
posing the fifth district surpassed Its
minimum apportionment, 1t was an
nounced. while unofficial reports indi-
cate that these figures will be exceeded
by a substantial sum Rural sections
have been slow to make reports. and
heavy subscriptions In these commune
ties. the committee would make no fur
Their estimates.
New York in Whirlwind Finish.
NEW YoRh. October 27.-New York
and the federal reserve district of
which 1t is the center earned indis-
putable title to the financial SUI
premacy of the nation tonight by over
subscribing its maximum quota of L.
500, 100000 to the second liberty loan.
In the closing hours of the campaign
an overwhelming food of money pour
ed into the federal reserve bank with
such rapidity that its computation was
physically impossible.
With several hours remaining before
the close of business at midnight, the
official total announced by Benjamin
Strong, governor of the federal re-
serve bank. was 81 300, 600. 600.
The closing hours of the campaign
were marked by scenes throughout the
city strongly resembling an election
night. Wherever a crowd. could be
found it was attacked by the squad
ron Of flying booths" dispatched
around thte metropolis by the liberty
loan committee to give belated pur-
eral of the large downtown banks
erected booths In front of their en-
frances to accommodate the homeward-
bound throngs and late tonight lines
were still waiting to buy bonds.
Trucks. automobiles, wagons and
statesmen. equipped with megaphones.
drove through the principal night thor
oughfares. eXhorting the crowds Signs
reading. This is a liberty booth. Stop
this car and Wen sell you a bond
adorned scores of vehicles.
Popular Demand Grows.
The popular demand for bonds grew
so great in the afternoon that there soon
was a scarcity of statesmen and an
emergency call was sent to the stock eX-
change Bank clerks and stock brokers'
employees were pressed into service. every
vehicle that could be commandeered wa
filed with bond-selling equipment and off
they were speeded in an effort to let no
patriotic citizen be disappointed.
Preliminary returns on the number
of individual subscribers to the second
loan gave great qualification to the
committee workers. Bonds of the first
loan were bought by 100000 persons.
where's 1t was estimated tonight the
number this time will exceed 3.250.00o.
A higher percentage of total sub
scriptions was credited to the small
subscribers In districts outside New
York city. In all large cities, it was
said. the loan was widely distributed,
while subscriptions from farmers were
larger than had been anticipated.
The advisory trades committees, rep
resenting 100 trades, and known as the
rainbow division" obtained actual sub
scriptions of s306.S65, 500. Subscriptions
through the woman's liberty loan COM
mittee exceeded $1,000 600
The Guaranty Trust Company led all
the banks in individual subscriptions
with a grand total of S105, 600. 900. while
the National City Bank came next with
ss6.3s1 500.
All the Office machinery of the lib
erty loan committee was subjected to
Its greatest strain on the last day of
the campaign. The suite of offices
hummed with ceaseless activity from
morning till midnight, the incessant
clicking of the tabulating machines
giving proof of the steady and gradu-
ally swelling flow of dollars. Scores of
young women employed In the great
banks of downtown New York who had
volunteered their services seemed never
steadily upward to the maximum goal
the entire office staff became electri-
fed with enthusiasm.
Chicago District at Maximum.
CHICAGO. October 27.-Reports re-
ceived here tonight from the seventh
federal reserve district indicated that
the maximum allotment of 500, 900 900
for the second liberty loan probably
would be reached. Conservative esti-
mates by campaign workers in Chicago
showed the city has oversubscribed It's
maximum quota of $1S0,000,0OO by at
least s10.0o0.0o0.
A. W. Billiard, secretary of the exec
utive committee handling the loan in
the seventh district. declared that Off
cial returns on subscriptions probably
will not be available before next We'd
nesday night.
AT this stage of the game, with all
banks submerged in work. he said, at
is only a guess as to what the District
will accomplish, but we have the
greatest hopes.
MESSAGES received from various cities
IN the district indicated the campaign
closed in a tremendous burst of patriot
ism Wisconsin is reported to have over
subscribed it's allotment. Michigan is
well past its minimum quota with Sllh.-
0CO, 900 on its books at 6 O'Clock At the
same hour Iowa reported purchases of
s1I 600 600, Illinois foutside of Cook
countyl and Indiana are safely over
thair ,niuim,1mS the former with SCI
900 600 and the latter with s5o,o00,o00.
charles w Folds. chairman OF the
local committee in charge OF the cam
naiar declared Cook county has sub
scrfhed to 100000 900 worth OF bonds.
W Ross. state chairman from Wis
,ons,n renorted an oversubscription of
.bn ,,,.,,m,,m quota in Dane county. the
b,rtbnlace and residence or senator
pnhert M. La Toilette
F., nm a & O. Employees Take Bonds.
s,,.o,,, pispateh to The Star.