Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-06-14
NATION, AS WHOLE, !.
| FALLS FAR BEHIND
ALLOTTED AMOUNT:
Apparently S342,OOO,O0O Be
hind Full Subscription
on Tuesday Night.
NEW YORK ONLY DISTRICT y
THAT EXCEEDS MINIMUM
Shortage of $25,ooo, 900, or More
Than 80 Per Cent, Reported 4
From Richmond. .9
CLOSES AT NOON ON FRIDAY
McAdoo Confident, il Work Is Maine
tained, That Issue Will Be
Distinct Triumph.
CLOSES AT NOON ON FRIDAY
IBy Associated Press.I

81
WASHINGTON, June l3.-Treasury
officials announced to-day that the
Liberty loan apparently was short
s342.ooo.ooo of full subscription Tues
day night two and one-half days be.
fore the closing OF the books.
Announcement was based on actual
returns forwarded by banks and trust
companies to the twelve reserve banks,
accompanied by the per cent Of sub.
scrtptions required. Thousands Of
banks and trust companies have not
been heard from since the loan was
first offered. except for statements that
they were working to mako the big
issue a success.
tremendous eleventh-hour drive
throughout the nation. officials hope.
Will bring the final count Of dollars we'll
beyond the $4,000, 100000 mark Tho
only tangible evidence on which to base
an estimate are the returns from the
reserve banks as OF the close of bus.
iness last night. These show total
actual subscriptions OF $1.65s, ,000.0Oa
distributed among the reserve districts
as follows: -
New York. s75s.ooo. 900: Boston. $751;.
100000; Philadelphia, $4,000. 900: Rich
mond. $55.ooo, 900; Atlanta. $2s.0o0, 900;
Chicago. S1s4.000.0oo: Cleveland. $780,
100000: st. Louis SAT 200. 900: Minne-
apolis. s5o,Oo0.oO0; Kansas City. s5s,-
100000; Dallas. $29. 9.o0o,o 900. and San
Francisco. $62,00o.oOo
NEW YORK EXCEEDS
MINIMUM ALLOTMENT
New York is the only district which
has returned subscriptions higher than
It's minimum allotment. Not only has
New York exceeded the minimum: it
has topped the maximum OF s75o.000.-
900 by SS.000.000.
Here is the apparent shortage in
each reserve district. based upon the
latest returns and the minimum allot-
ments:
Boston. s79,0oo.0oO or 33 per cent;
Philadelphia. $57 7.o00,0 900. or more than
80 per cent; Richmond. s25.00O,O00, or
more than 80 per cent; Atlanta, S3o.-
100000. or more than SO per cent: CHI
cago. $76,ooO.ooo. or more than 20 per
cent; Cleveland. 27.000.000. or Is per
cent; st. Louis. s33.0oo,o o00.. or 37h per
cent: Kansas City. s42.oO0.ooo. or AZ
per cent; Dallas. s11.o0O.ooo. or moro
than q per cent; San Francisco. $685.
100000. or nearly SO per cent,
Analysis of these figures discloses
that, outside Of New York, the coun-
try apparently had failed. up to last
night. by exactly $500 900. 900 to take
its minimum allotment of sl.4oo. 0Uo,0
OF the bonds-the other S6oo.0O0.Ooo
minimum being allotted to New York.
Thus. while the New York district has
oversubscribed Its minimum allotment
by approximately 90 per cent. the rest
Of he N.h hn1 k11f
has fallen 80 per cent under its min
imum
NO CHANGE IN FIGURES
SINCE JUNE 10
In the case OF returns from Minne-
apolis and Cleveland. it was announced
at the Treasury. the figures given to-
day are the same as those puu..sneu
on June 10. including subscriptions In
transmission to the Federal reserve
banks. and not yet In due form. Large
oumbers of banks and trust conpa-
MES" the statement says. have not
yet transmitted the subscriptions re
ceived by them to their Federal re.
serve banks"
The closing hour of noon Friday Is
not to he extended, Notwithstanding
widespread rumors to the contrary.
The closing hour will be the stauuaru
which each reserve bank is Io,aIe,l
and will apply to all banks in that re.
serve district.
McADoO FEELS CERTAIN
OF LOANS SUCCESS
Secretary McAdoo, home after hie
second speaking tour for the Liberty
loan. and just before leaving for Rail-
timorc to make his last speech for the
loan. issued a statement In which he
said: 49,
"A tremendous interest has been
aroused in the Liberty loan throuEhout
the country. ON my recent trim I 3
found everywhere a spirit OF enthusi.
asm and patriotic cooperation among
all classes OF the people, which means
that America. aroused. is indomltabIe
and invincble. The Liberty loan will
he success IL the work is maintained
at the present high pitch OF interest
and efficiency until June Is Shoun
the final returns on June IS disclose
that the Liberty loan has been sub ~.
scribed in full. or moro than In full. 5it
will BIO a distinct triumph; It viii be