Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1918-10-18
TREMENDOUS TASK
CONTINUED from PAGE One)

NSoubsuAV0 JTV0V aye SuSJ
New reasons why the loan should
be not only raised but over-subscrib-
ed az emphasized today by Secretary
GcAdoo, are that tremendous war
expenses will continue to run IN for
many months regardless Of the out
come Of Gcrmany's efforts for peace.
Even il peace should come soon-and
no agency OF the government is
drawing its plans in this definite be-
lief-there will be immense manu-
featuring contracts to be fulfilled,
armies to be brought back to Amer
lean shores and a multitude OF 9TH
err expenses which the momentum OF
war will carry on.
This means other war loans. Secre.
tnry McAdoo explained. And what
ever the measure Of over-subscription
to the fourth loan may be it viii DC
deducted from future loans so that
there will be no danger of piling up
idle credit 10 the government ac-
count
Actually. the funds now being gath
cred in units Of $50 and 500 have al
ready been spent 70 a great extent.
More than threV forths of the six
billions expected or s4,G65. 600, 00t
ficates issued in bi-weekly blocks
since last June to get current funds
with which to pay the nations wal
bills. The difference between that
sum and the six billions is not
enough to run the government for one
month.
Consequently, unless the Fourth
Loan is great oversubscribed and
cash payments come in literally al
once the treasury will have to begin
soon to issue more certificates fol
current expenses-these to be paio
out of the proceeds from the ffth
Liberty Loan.
Subscription reports today added
$33S,000. 600 to yesterdays loan tota
and although this represents the big
giest single days contribution 1t is
short of the pro-rate amount sought
to bring the total to six billions b!
Saturday night. Nearly third OF
the addition today or s101, 900, COG
came from the New York district and
sent that district more than half way
towards it's $1,000. 0O0,0 900 goal.
Owing to tardy reports from some
parts of the Atlanta district, Atlanta
fell to last place in the percentage
column today. Subscriptions by dis.
tricts now recorded show st. Louis
leading with $3.50. 900, 900, or percent
age Of IS. Minneapolis is second with
$177, 1880 or 1913 percentage. New
York, Philadelphia and Atlanta END
the list of largest cities with per-
centages of SGT, AIS. and 45.2 re-
spectively.
THE situations in the different
districts tonight" said the loan head
quarters announcement, may DC
summed up as follows: "St. Louis
certain of it's quota, but owing to IN
fiuenza expects no large over-suo'
scription. Minneapolis-Uno
reported quota obtained but is try
ins hard for over-subscription. Bos-
ton-struggling hard to overcome
cerious setback occasiOned by lnfiu-
enza epidemic and is hopeful or sue
cess. Richmond-peace talk and H.
fIuenza hurt the campaign but con-
fident Of quota"
Kansas City-Belated sales drive, ham
pered by influenza. is giving workers an
uphill task, but they are strone IN de-
termination to win
Cleveland-Sales improving and Whiri-
wind finish expected.
New York-Hopeful, but magnitude OF
problem not being underest,mated. DIG
money must come first
Phjlade1phia-Nlaking a real battle
against enormous odds caused chiefly
by influenza.
Atlanta-Try.ng hard and hopeful that
unreported subscriptions make total bet
ter than figure indicated.
It was estimated tonight that two
million persons in the United States will
be engaged tomorrow and saturday III
the campaign to sell bonds. Banks
throughout the country will remain
open until late at night to receive SUD-
scriptions Optimistic reports received
today included a message saying the
state of Michigan r: exceeded Its quo
ia by six million dollars.
The climax in the ravy's Liberty oan
drive l1a. not rassed with the celebra-
ton yesterday OF Navy day Results
of the navy's Twenty-Five million dollar
showing have been emphasized further
by many postcards from men at sea
calling upon the folks at home to sub
scribe with equal liberalhy. The post
cards carry a return card to be filled
out giving the amount subscribed.
1.-The navy will continue whooping II
up until the finish.' said Rear Admira
Cowie, navy Liberty Loan officer. to-
night. Every time anybody matches
the navy. the navy will come back at
him again with more bonds purchased
The navy challenges all hands and this
message holds good until the last shot
of the campaign"
Railroad employees up to Oct Is hat
subscribed $l27, 29e, $50.