The sun., 1918-10-22
LOAN SUBSCRIBERS
CUT TO 100000
First Report Too Optimistic,
Reports Treasury, Although
n. Y. Figures Improve.
NO TOTALS TILL MONDAY
Brooklyn Subscribed $685.
700 Over It's QuOta-Newark
Nearly Doubles Hers.
no TOTALS TILL MONDAY

Federal reserve banks In different parts
OF the country yesterday resumed the
gigantic task Of tabulat!ng the subscrip-
tons to the Fourth Liberty Loan of
$4,000 900 900. but Treasury officials said
there was little certalfty Mt this time
either OF the total volume OF subscrip-
items or the number Of subscribers. They
still feel confident the loan was over
subscribed but explain that many earlier
messages were too optimistlc In the light
of actual figures now being compiled.
There is good ground. however. for
the estimate that 100000 or more In
dividuals subscribed to the greatest war
loan ever foated. This figure is ex-
pected to be enlarged when many Of the
big corporations>that placed lump sub
scrIptions dispose OF them to their em-
ployees. To the Third Loan there were
1900, 900 subscribers.
Total May he Delayed Fortnight.
Because OF the uncertainty OF the
actual aggregate subscriptions the Treas.
ury Department expects to make no fur
Their announcement until definite figures
are available at the various Federal re-
serve banks. The first Of these reports
are not expected until Monday and the
final compilations may be delayed two
weeks.
Thirteen hundred clerks were busy
yesterday at Washington examining
counting and shipping Liberty bonds Of
the Fourth IsNan as they came from the
Bureau Of Engraving and Printing. Al.
though the exact number Of bonds sold
will not be known for many weeks on
Gals estimate that IL Is more than 3d.
100000 In the third loan slightly less
than 100000 pieces were sold
While the earlier reports from some
cities in different parts OF the country
may have been too optimistic those COM
ing from some OF the cities in the Fed
eral Reserve District of New York APP
pear to have been conservative in the
light Of announcements yesterday.
Members of the Liberty Loan Com
mittee in Brooklyn declared the subscrip-
tions were $500. 700 in excess OF Brook
lyn's quota OF s79,233.so0. and predc-
tions were made that the oversubscrip-
ton probably would be $40. 0Oo.o 900 when
the work OF tabulating is finished. A
Liberty Loan honor flag was raised at
nan NJ IluOn anu 1u-
dresses were made by Edwin T. May
nard. chairman OF the Loan Committee.
and by Borough President Riegelmann.
From Newark II was reported that in
dications are for a total of nearly $780,
900, 900 of subscriptions for that city
against a quota of s3S19S.2O0 Subscrip-
tions tabulated UP to yesterday totalled
s5s.f04.2oo.
Boston reports that the wave OF pa
triotism during the Fourth Liberty Loan
will show the quota for the
Federal Reserve District of Boston of
$500. 900. 900 has been oversubscrlbed by
more than $4,000. 900 and that all of
the six States In the district, with the
exception OF New Hampshire, exceeded
their quotas.
Additional subscriptions to the loan In
the New York district continued 10 be
announced yesterday. They included
$500 900 for the Home Life Insurance
Company. making its total substitution
81 500. 900 Brown Brothers & Co. $500
900 additional for clients Paul NJ War
burg. $3.50, 600 additional and the Hecker-
Milling Company, 100000
The Liberty Loan Committee an
nounced yesterday that every one of the
eight sub-districts comprising the Second
Federal Reserve district outside OF
Greater New York had oversubscribed
its quota. While definite figures will not
be available for several days the total
will range from about
S to so per cent. with the sixth sub
district leading This district. Of which
Acosta Nichols is chairman, covers SUI
folk and Nassau counties and the bor-
oughs OF Richmond and Queens.
Late tabulations by the hotel and res
taurant division OF the Liberty Loan
Committee show that with quota of
$50, 000, 900 II raised s33s75.750 for the
Fourth Loan, according to Fred Sterry.
chairman.
The Knights OF Columbus overseas
secretaries are credited with 100 per
cent. in subscriptions. A cable re-
ceived by William =. I.a'kin. director Of
OF columbus Overseas Activities
from the Knights OF Columbus headquar-
tiers In Paris, says:
over here. and will buy bonds mex, time,
too"
This record was also duplicated by the
secretaries OF this organization stationed
at environments in the United States.
The Western Union Telegraph Com
pany boasts that 81 per cent. of its
employees subscribed to the Fourth Loan
OF this company in Greater
New York took over 100000.
The Downey Shipbuilding Corporation
has sent a telegram to President Wilson
saying 100 per cent. of the company's
employees subscribed TO n total of s3s2,-
COO bonds.
T.. II. Albee. chairman OF the allied
theatres Liberty Loan unit sent n letter
to tie theatre mana gers OF America in
ha pifad the Nau NnVk
drome for special mention In the cam
ragn. This theatre reported that all OF
It's 1914 employees had taken at least
one bond each and that more than ST.
900 900 of bonds were sold to patrons
More than 100000 OF bonds was sold
in the theatres managed by Lee & j. J.
Shubert. The Klaw s. Erlanger group
Of theatres disposed OF more than &c.
000, 900 OF bonds.
All the employees OF the Broad Street
Hospital took bonds. while the photo
era phic committee OF the pioneer divi--
sion OF the National War Savings Com
mittee took $4,000.
Stories OF sacrifices by individuals and
business interests who canvassed for
are being received daily by
the Treasury Department. which says
that words OF thanks seem paltry In the
face of the deeds now being reported"
The statement that the navy can buy
bonds ms well as fight Is reflected'in the
by Rear Admiral Cowie
that the navy took more than $40, OOO,-
900 OF bonds. The figures are expected
to be raised by the tabulatLon of sub
scriptions not yet counted.
Officials and employees OF ninety
seven shlpyards subscribed $35.3S6, 500,
the ShipplnScBoard announced, II the
other log yards maintain the same ratio
II Is estimated the grand total for the
will be about $4,000, 900.
Late reports last night said an over