The daily times. [volume] (Wilson, N.C.) 1902-1936, 1918-11-20
THE F|F H.
LIBERTY LOAN
Will be Offered in the Spring
is the Announcement of
Secretary McAdoo
FOURTH A GREAT SUCCESS

washington, Nov. 20.-Total sub
scriptions to the Fourth Liberty
Loan were $6,9S9, DAT, 900, the treas
ury department announced last night
after final tabulations had been COM
pleted. The oversubscription of
$9S9, 9,047,OO0, was 16.4S per cent.
Every federal reserve district ex-
ceeded its allotted quota.
Thisy makes the Fourth Libert
Loan by far the greatest war loan
ever floated by this or nay other gov
ernment. For the fourth consecu-
tive time in the last eighteen months
Of war the American people have
given more than the government
asked to finance the war program.
Including the four liberty loans and
war savings, the nation has raised
$17,S52,OOO,O0O in popular loans,
and this does not take into consid-
Grafton oversubscriptions which were
not accepted.
Reports by districts, arranged in
order Of their subscription persent-
ages, are as follows:
Boston district, quota $500, 900, 900,
subscription $632,321.S50, per cent,
1874.
Richmond district $2S0,O00,OOO
subscription S352,68S, 200, per cent
1856.
Philadelphia district $500, 900 900,
subscription $59S,763,65O, per cent
1875.
Cleveland district $500, ,000, 900,
subscription $7O2,O59, 800, per cent,
117.00.
Dallas district, quota $126, 200, 900,
subscription $145,944,45O, per cent
1852.
Minneapolis district $21O, 900 900,
subscription $241,62S, 800, per cent
1866
San Francisco district $402,000,-
900, subscription $459,OOO,O0O, per
cent 114.17.
st. Louis district $3.50, 900 900,
subscription $296,3SS,55O, per cent
1899.
New York district $500, 900, 900,
subscription $2,O44,77S,6OO, per
cent 1880.
Atlanta district $4,000, 600, sub
scription $217,SS5,2OO, per cent
113.4S.
Kansas City district $3.50, 900, 900,
subscription S294,649, ,45O, per cent
1882,
Chicago district $50, 100000,
subscription $969, 1000, per cent
111.40.
U. S. Treasury subscription $780,
329,S50.
Bonds of the fifth war loan to be
offered probably in the spring, will
be of short maturity, Secretary Nc
Adoo announced yesterday. This was
interpreted as meaning five years or
less. The secretary said it is i'm
possible now to predict the size or
time of flotation of future bond is
sues necessar yto cover the remain
ing expenditures growing out of the
war, but added that it is entirely
clea rthat the moment had come
when the interests of the govern
ment and the country would be best
served by the issue of bonds of short
maturities and that that would be
the policy of the treasury"
Short term bonds, treasury officials
feel would be bought more readily
than those of longer maturity. Pre-
vious liberty bond issues range be-
tween ten and thirty years.
Whether short term bonds might
be sold at the interest rate of 4 IA
per cent set for the past two liberty
loans or might be increased remains
for future determination Existing
war obligations mature as follows.
First Liberty Loan. $1,000, 900, 900
redeemable at the option of the
treasury after 1892 and payable not
later than 1947. Second Liberty
loan, $3,S0S,OO0, 600, redeemable af-
ter 1927, payable, in 1912; Third
Liberty Loan 100000, re.
deemable and payable without op-
tion in 1928; Fourth Liberty Loan,
$6,9S9,047,000, redeemable after
1898, payable in 1898; war avings,
fH~.st.....l fn.t -.