South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-05-05
MONEY POURING
INTO TREASURY
Response to Liberty Loan
Amounts to 20 Millions
an Hour First Day.
gEE

WASHINGTON, May s. Sub
scriptiOns to the liberty loan poured
into the treasury department Friday
at the rate of nearly s2O,OOO,O0O an
hour. The greatest Outpouring Of
national wealth in the history of the
world was foreshadowed by the first
days response to the offering of the
loan.
The sheaf of kilograms from every
section of the country grew larger
as the day progressed. despite the
undivided exertions of staff of
clerks asserting and classifying the
offers of subscriptions. Five hun
dred kilograms. less than two per-
cent of the total number of banks
from which replies are expected, had
been classified by states and tabu
lated when the office closed at D.
m. These 500 responses carried Of
fers of subscriptions to the amount
Of $13S,674,0O0.
The greatest flood Of responses
came between 4 and p. m. after
the offices had closed. It was esti-
mated that 500 more banks we're
heard from within the two hours.
To Be Oyersubscribed.
The S13S,674,O00 Of subscriptions
tabulated Friday night, representing
less than two percent Of the banks
alone. indicates that the $4,000, OOO,-
600 will be oversubscribed at least
100 percent With all other agen-
cies of subscription such as depart
ment stores, express companies,
newspapers and patriotic societies
yet to be organized and TO exercise
their efforts in obtaining subscrip-
tons, the oversu description may be
much larger. Should the ratio Of
the first responses be maintained in
replies from the other banks. the
banks and their customers alone
would offer subscriptions totalling
approximately s7,000,000,000.
One subscription OF S20.000.0OO
was received from a bank in New
York Another was for $4,000 600.
The smallest subscription was $1,000.
New York led the list Of states with
subscriptions amounting TO approx
mately S72, 100000. more than half
the total amount.
State Subscriptions.
Amounts subscribed by the first
banks to respond. grouped by states.
were as follows:
Alabama, S235,000: Arkansas,
S177,OOO: California, $4,000; Colo
RADIO, $1,1OO,000; Connecticut, ST.
10000; Delaware, s515,OOO; District
Of Columbia, S1,11O,O00; Florida,
$4,000; Georgia. $4,000; Illinois,
S19,S95, 900; Indiana, s4,OS0,000:
Iowa. $4,000; Kansas, $4,000;
Kentucky. s1.76O,OOO; Louisiana,
$4,000; Maine. $4,000; Mary
land, S1.426.OOO; Massachusetts,
s4,9SO,OOO; Michigan. S1,465, 600;
Minnesota. 100000; Mississippi,
$4,000: Missouri, $4,000; Mon
tana. $4,000; Nebraska. S4SO,OO0
Nevada, $4,000; New Hampshire,
$4,000; New Jersey. s4.115.000;
New Mexico, $4,000; New York,
s71.942.OOO; North Carolina, s1S3.-
600; North Dakota, $4,000; Ohio,
S9.762.O00: oklahoma $4,000;
Oregon. 100000; Pennsylvania, s4.-
Sos. ZOO; Rhode Island, $500. 600;
South Carolina, 100000; South Da-
kota, SIS, 900; Tennessee. S1,O12. 600;
Texas. S1.2O1.000; Vermont S245.-
600: Virginia. S35O,OOO: Washington.
$4,000: West Virginia. s245.00O:
Wisconsin. $4,000. Wyoming,
S175. 900.
Responses tabulated today do not
include kilograms received yester-
day, mnay OF which contained sub
scriptions ranging from 100000 TO
100000.