South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-10-22
final DRIVE ON
LIBERTY LOAN
BEGINS TODAY
Wednesday to be Grand Rally
Day Over Countrywide
tionaI Men to Speak
for Loan.

Associated Press Service.
WASHINGTON. oct. 21. - The
Liberty loan campaign swings into
the home stretch Monday with sub
scriptions of only s1.973.OOO.O 900. or
slightly under 40 percent of the
hoped for maximum. In the final
squirt 10 the finish next Saturday.
officials said sunday night il car
ries a handicap. regarded as unnec-
essary in the form Of widespread
reports that the totals announced
by the treasury department are ac-
tually far below the totals really
subscribed
This handicap, it is said is inn
posed unwittingly by the loans best
friends. who have come to believe.
in many instances, that the treas
ury department has deliberately
made the total subscriptions appear
less "by several hundred million
dollars" than the real returns. 10
such practice, 10 pas emphatically
asserted Sunday night has prevail
ed. The totals, official and esti-
mated. as announced each night. II
was asserted, represent the sum OF
official and estimated returns sent
daily by wire 20 the treasury, and
are not altered. juggled or reduced.
Ever since the latter part OF the
first week of the drive" reads the
treasury departments statement
sunday night, almost three weeks
ago. exaggerated reports OF the to-
ral amount Of subscriptions have
been published daily i'm connection
with stories that treasury depart
ment figures were bearish TO the ex-
tent of several hundred million dol
lars.
Published rs Reported.
The policy of the department.
throughout the campaign has been
90 publish the latest official figures
at hand exactly as returned by the
different federal reserve banks and
40 make public without change esu-
mates forwarded TO Washington by
heads Of the various district commit
tees.
Committee chairmen throughout
the country have been asked 10 base
their estimates on what they know
20 be- the facts. and insofar as is
known at the department they have
done so. 4 striking example of the
inaccuracy of some reports which
have been sent broadcast was shown
ju the case of the Minneapolis dis
trict. where estimates of current
sales were being published daily be-
fore the sale started there.
The situation, therefore. accord
iug 20 the best information that the
department possesses. is that the
sales 20 date are about St,0oO.OoO,0Oo
short of the minimum aud 5000
100000 short of the maximum quo
tas set for the country 10y Sec'y Nc
Adoo at tne outset of the campaign.
HE insisted that 2,000,000,0Q0 n
bonds Doe sold and il was his express
pd hope that the S5.OO0,00O. 600
mark would be reached
Vigorous Campaign This Week.
Vigorous efforts viii he made i'm
every district between Monday
morning and next saturday noon 20
raise the S5.0Oo.Oo0.00o. The total
Sc o00.0oo. 600 mark is being lost
-iCht Of i'm the fight for the higher
aeure
p
10 be used in the closing days OF the
campaign viii Doe the dEures FOR the
seventh German war loan. just made
public
After more than three years of
war and with casualty list csti-
mated az S.5Go.ooo persons the Ger
man people. exclusive OF soldiers.
have subscribed S3107.5O0.o00 90 a
loan Nothing would give the kaiser
and an other enemies OF this c0uu-
rrv more pleasure. il will bee pointed
out than for the people of the
United States 20 fail Co subscribe "a
-reater amount than this TO the sec
oud Liberty loan, when they have
had only one previous loan and vir-
rualIv no casualties
THE general outlook for the sale
g. good Only two disturbing eIe-
merts appear. the apathy ~ certain
rural cornmunitios of the middle
west and south. and over-confdence.
based on unfounded optimistic re
ports OF sales
"Wednesday TO BE Big Day.
Liberty day. next "Wednesday.
doubtless viii see q food of sub
scrintions The country will cole
nrate that occasion. made national
holiday By Pres't Wilson US 10 has
not celebrated holiday i'm many
years. nor will all its enthusiasm
go up in applause and speeches. To
will be a sales day as well as "a day
20 oratory and display Commit
tees fin an the 10 districts % the
country predicf that the sales for
that day win outstrip any cther sin
.co~r1NUED OK PAGE TWO