The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-21
25,OOO,0OO is
T0TAL0F LOAN
SUBSCRIBERS
S24O Is Average Amount
Taken by Each In
diyidual.
REPORTS DUE THURSDAY
Aggregate Sales Will Not Be
Known Until Middle
Of Week.
REPORTS DUE THURSDAY

Tnere were So,VUV,UUU ln01Ntdual SUD-
scribers to the $4,000. .ooo. 900 Fourth
Liberty Loan, according to indications
noted at Washington as the stipend
Gus task of recording and tabulating
subscriptions goes forward. The aver
age Investment was s24o. according to
this estimate,
large proportion of the subscribers
ned their subscriptions during the last
fsw days OF the campaign. which ended
at midnight Saturday. so that II will be
task of many days to count the total
subscribed and the number of pledges
for the entire country.
Despite the lack OF definite informa-
lion. officials at Washington were con-
adent yesterday that the $4,000. 900. 900
popular war credit had been oversub-
scrlbed, because of knowledge that ad-
vance promises OF large sums from
important financial interests in New
York ana elsewhere would be found to
bs fulfilled when the final count is
made.
Banks to Report Thursday.
Banks have until Thursday 10 tabu-
late their subscriptions and report TO
the Federal Reserve Bank. 20 that
definite figures are not expected
until late In the week. In fact. Treas
rry officials last night declared 1t might
be two weeks before the results for
the whole country are known, particu-
larlv if the number of subscribers runs
a. high as present estimates.
At the New York Liberty Loan head
quarters Il was said yesterday final hg-
ures would not be available for several
DAYS. Even when these are taoulated
the results will be forwarded to WASH
'ngton and the public will have to wait
for official announcement from there.
After the heat of battle had cooled
of Yesterday the thought uppernost IN
the minds of all who had taken prom
ineut part in the campaign was the fact
that the nation had been able In three
weeks to raise the sum of six billions
OF dollars. The bankers and members
Of the Liberty Loan Committee VINO
have well defined ideas as to what II
means to raise gigantic sums OF money
believe that the raising OF the Fourth
Liberty Loan In three weeks should go
down in history as the greatest achieve
ment ever accomplished by natfoh
even In war times.
Small Bonds show Work.
Considering the magnitude OF the ,op'
financial interests, after careful tnough''
believe it would not be fair TO consioer
the loan a failure even IL the desired
objective had not been reached, owing
10 the fact that the campaign had to be
waged in the face or an epidemic or IN
fuenIa and peace notes
The extent to which the canvassers
,or the loan went into every nook anu
corner where II was thought a dollar
looking for employment might be found
may be cleaned from the fact that ap-
proximateIv 100000 small bonds,
mostly in $50 and 800 denominations
will be distributed TO investors. Many
OF these will receive two and three small
bonds each, having subscribed throuSh
two or three different channels. but the
Showing is considered most gratifying
because approximately 100000 pieces
were issued in the Third Liberty Loan
Liberty Loan headquarters at the
Equitable Building states that there
were about 100000 subscribers in the
Federal Reserve District of New York,
70 whom these, 5000, 900 bonds will go
cr. IN other words, most persons Will
Est more than one bond. This also TENDS
70 give color to the belief that after
making an initial subscription many
persons took up the cry OF double the
Third and bought again.
y the last hours OF the drive the bat
fAlons Of weclthy corporations and In
tviduals were called upon to perform
heroic duties. but everywhere can bt
heard stories OF the wonderful patriot
Fr manifested by the poorer classes
John W. TIornor, member OF William A
Read & Co., and chairman OF the follow
~ Committee Of the Liberty Loan tina
Iu1rst gates and induces people who
made pledges at public meetings to make
'r'tal payments on their bonds. declared
reHc0day that he was astonished at thu
patriotism OF the very poor classes.
scrub Women Keep Pledges.
One thing that made quite an mpres
Sion on me-" ne said, was the patriot
I'm ~ women who went out to work b,
We day--those who did washing ant
others who cleaned offices In large Of
f"e Nn.ldings. Reports have been uni
Ners from mcmbers Of the force tina
'F'i'IEatcs the pledges that thes'
hnn"" withstanding that they nigh
N signed \ Liberty bond pledge afte
's.."'1E 10 n stirring patriotic address
'.r'dcr their word as good az INCL
SAN bond and are making the frs
% n.-It"
go work of the follow up committe
rs 7o' been very heavy, because
'.'' f'r'y-eight to seventytwo hour
e.''Tr ' pledge. after being Med reache
Continued on Fourth Pd0e.