The daily times. [volume] (Wilson, N.C.) 1902-1936, 1918-09-26
THEFOURTH
LIBERTY LOAN
The Apportionment for North
Carolina is 500, 100000
While for This A
DISTRICT IS $2s0,0OO,OOO

Richmond Va, Sept. 26.-Thv
amount of the fourth Liberty Loan
is $4,000, 100000. The allotment
of the Fifth Federal Reserve Dis
trict $3.50, 900 900.
Mary '4nd, $S2I $4,000; District
of Columbia $27,6O8,0OO; West Vir-
ginia, lin 5th DISTRICT, $780,
Virginia, $69,9S0,00O; North Caro-
lima, 500, 600; South Carolina
$32 $4,000; total $2SO,000, 1000.
The allotment is made by the
Treasury Department and is basec
upon gross banking resources, as in
the preceding loans.
The allotment to this District is
equal to 2-3 per cent of the
amount of the Loan, and to Is pei
cent of the gross banking resources
Of the District.
Bank resources, more than any
other standard, represent the liquic
wealth of q community, and since
the overwhelming volume of Liber
| ty Loan subscriptions is made by
means of the transfer of credit
through banks, bank resources form
the most reasonable basis for an es
innate of the minimum amount o.
subscriptions to Liberty Loan to bt
expected from a community. There
are many other factors worthy to b'
taken into consideration, but banf
| resources form the most available
standard 1t must be taken into ac
count by the people of every com
| munity that when an apportionmen
| is made to bank in any case, i
means that the amount apportionet
is the amount which the people O
that community or the patrons o
that bank are expected to subscribe
| for through the bank, and not tn
amount which the bank is expecte,
20 subscribe for it's own account.
| We will within few days senn'
out a table showing the amount O
the apportionment to each bankin
institution in he District, tn
amount as above stated, being cal
culated upan tht reported resource
of each separate banking institution
as of December 81, III, and sine
to make up the quota of the Distric
requires subscriptions amounting t
practically Is per cent of its bank
ing resources, the quota expected t
be sent in through each banking in
stitution is equal to Is per cent
its resources. These calculation
are required to be made in the cas-
of about 1000 banking institutions
1t will, therefore, take few day
to tabulate them.
In the coming campaign, as in tn
preceding one, the county is the uni
of organization, and subscription
| will b. labulated daily by countie
compiled from the report which tn
banks in each county make to us
A record will be kept of all reporte
subscriptions from counties wher
there are no banking institutions
so that each county may receiv
credit for all its reported subscriI
tions. 1t will perhaps frequently b
the case that citizens of one count
will subscribe through institution
in another county, and citizens i
counties in which there are no bank
as matter of course, will subscrib
in counties where there are banks
II all subscriptions made in ann
county are reported to the Count
Chairman, and the County Chair
man will report to his State Commit
tee and TO us, due credit will be gi,
en- to the county tor all such repor
ed subscriptions. The aid of tn
banks will be expected in maxim
lup such reports.
| In some counties the banking r,
sources are very small in proportio
to the wealth and total population
in such cases and in counties whel
there are no banks, it is manife
that the minimum amount expecte
from the citizens should be ailott
upon some other basis. A per car
ia appears reasonable in such cas-
and has been adopted.
| AS in he last campaign, supp
of postcard forms has been sent
each banking institution upon whi,
to make daily report to us and |
State Committee OF the aggrega
amount of subscriptions up to al
Including the day OF report. II