Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-10-19
Host of Communities
Reach Quotas and Go
After Oversubscriptions
BILLION IN. LAST HOURS
Reserve District Managers Re.
port Difficulty in Counting
= Flood of Dollars
BY The Associated Press

Hundreds Of cities and towns before
noon today reached the quotas allotted
to them in the fourth Liberty Loan and
went forward during the afternoon to
pile up oversubscriptions. Federal Re
serve district managers telegraphed
headquarters that so many towns had
reported above the hundred per cent
mark that clerical help was not avail
able 10 compile lists and forward them
TO Washington.
BY noon the national managers esti.
mated that total subscriptions had gone
above $4,000. 100000, although they had
Few definite official reports to back up
these calculations. The campaign dur
ing the last hours of the afternoon and
evening. they said. probably would bring
in nearly a billion dollars.
Banks have five days in which TO
count this last-hour food of subscrip-
TONS together with initial payments
and report To Federal Reserve banks
The reserve banks will begin next
Thursday to figure their district totals.
ana it probably will be ten days before
the success Of the loan is finally known.
southern cities Reach Quotas
Among the cities which reached their
quotas yesterday were Atlanta. Ga. (;
Mobile, Ala: Knoxville. Tenn. and
Jacksonville, Fla. and Columbus, Ga,
expected to 60 over early today. The
entire state Of Tennessee was prac-
tically over its quota this morning.
From Cincinnati today came word
that although the city had subscribed
It's SiG.OOO.000 quota more than week
ago, IL now has gone So, 900, 900 above
that and has accumulated roll If 1885,
740 subscribers.
At the opening of business today
Utah and Oregon had 80 per cent of
| their entire quota and enough other sub
scriptions not yet reported to put them
both across.
Banks Open Untii Late Tonight
Most Of the banks over the country
will remain open late tonight to, receive
last minute subscriptions
In setting out TO raise $4,000. 600. 900
America undertook the greatest war
financing campaign In the history of the
world. Treasury officials said the nation
had never failed in any undertaking and
that ii would not fail in this one.
Subscriptions IN the Chicago district
are Chicago and Cook County. SAL
ga 900; Illinois, outside of Cook County,
$91 .356,O00: northern Indiana. S79,72O,-
0O0: Iowa, Sl07.S55.000: Michigan. s92.-
$4,000. and Wisconsin, SG7,622 900.
The san Francisco district had three
fourths of its S402. 900. 900 quota Utah
/ IS leading all States. Washington State
has thirteen counties over the top. San
Francisco has subscribed $75,129,3OO
In Cleveland confidence was expressed
that the Fourth Federal Reserve District
would meet its S32,Gs4,950 deficit in the
! campaign. With quota OF 5000, 900 900,
estimated sales were placed at S657.316.-
050. Cleveland with a quota of SI13,-
600, 900 has raised approximately Sl0i,-
600 900.
Navy In Thick OF Fight
Rear Admiral I. II. Cowie, navy Lib
, erty Loan officer, announced that ap-
proNimately s29.5OO.O0O in bonds had
been sold in the navy.
From the battlefelds of France came
message from Major General George
Barnett. commandant of the marine
corps. saying the marines, not content
with turning the tide of battle al
ChateaY-Thorry, are coming across
for the fighting fourth"
Six American dreadnoughts have re.
ported record-breaking totals The
Pennsylvania with $4,000: the Utah.
100000; the Nevada 100000: the
North Dakota. $4,000: the Arizona
$4,000, and the Oklahoma, $4,000.
New York, Oct. l9.--Although there
was a rush OF subscriptions on this.
the last day of the Liberty Loan cam
paign the quota for this district was
not yet subscribed, said Benjamin
s',rong. chairman of the Liberty Loan
Committee, in statepent just before
/ l y. m. today.
The loan is not yet subscribed in
! this district" he said 1T will he inn
! possible for two or three days to get
official figures with regard to II owing
To the rush OF subscriptions made by
the public on the last day.
subscriptions actually received by
! the Federal Reserve Bank are still sew
eral hundred millions short of our great
allotment of $500, 100000. kilograms
have been sent to every bank in the dis
/ trict to speed up their tabulations and
t. sign up the great mass of subscrip-
/ tions unofiicially announced, but not yet
/ made available for the war purposes
Of the Government"
The Guaranty Trust Company added
S50.O00,00 10 it's previous subscrip-
tiOns, bringing its total up to Si22,-
A7.700. the greatest amount ever taken
by one institution. The New York Trust
Company added s5.000.000 to it's pre-
vious purchases. and there were scores
of additional subscri0lons in amounts
ranging from $4,000 to sl.000,000.
A. II. Smith. regional director Of
railroads. received kilograms from sew
eral of the forty-three railroads in the
eastern territory stating that their
forces had gone over the top in theiI
subscriptions 10 the fourth loan. with
totals of $50 per cent OF the third cam
paign, which Mr.. Smith had set as a
minimum,
The Central Union Trust Company
subscribed for an additional sl6,o0O,OOO
making a total of $5l, 100000 taken by
this company.