Omaha daily bee., 1918-10-03
FUNDS NEEDED
ITO HURL ENEMY
Beyond RH|NE
People Cautioned Not to Let
Good, War News Cause Re-
|. Taxation of Effort in
Loan Campaign.

" Washington, Oct. 2.-President
Wilson and other officials feel that
the American people must exercise
caution lest the good news from
the battle fronts cause a relaxation
of effort on behalf OF the fourth Lib
erty loan. Thus far no such tendency
has been noticeable and the cam
paign has been going with an en-
thusiaSm comparable to that with
which the battle reports have been
received.
1t is pointed out that now that
victory is definitely being brought
to the side of the allied armies funds
and more funds are needed to en-
able the fighting men to press home
their hardwon advantage and hurl
the German hordes beyond the
Rhine. Secretary McAdoo is I'M
derstood to have determined to
have speakers emphasize this point
continuously until the huge $6000,-
SNN'N'o tCtdl 10 ldiSCu.
Official reports today from all
federal reserve districts except Kan
sas City, which has not started TAX
ing subscriptions, showed $4l1,142
$50 pledges actually received and
accompanied by payment of the 10
per cent initial installnient This
covers receipts up to last night, but
does not include millions of dollars
in subscriptions on which the mi
tial payment has not been made or
has been made but not yet reported
officially by banks. The total to-
morrow night is expected to be
several hundred million dollars
greater. In order to raise $6,000,-
100000 it would be necessary to get
daily average of $3l5,000,000 and
at this required rate approximate
1y 81 ,OO00O0,000 should have been
subscribed by this time.
Loan Being Spent Already.
In connection with the efforts to
prevent a slackening of campaign
morale it was cited today by treas
ury officials that practically all of
the $6,000,000,000 to be raised will
have been spent by the time it is
received at the treasury. The gov
5ernment already is paying out
money at the daily rate of $50,000,-
600, which is substantially the money
10 be raised in the fourth loan.
Nearly $4.500,000,00O has been re-
,ceived in the last two months from
sale of certificates of indebtedness,
but these securities are only tempo
rary expedients, to be paid out of
receipts from Liberty bonds. Con-
sequently the government is already
spending its fourth Liberty loan
money.
:: In September, it was shown by a
treasury report today. the govern
ment paid out $1,55,2640O0, or
$249,000000 less than the $l,805, 00O,-
900 record of August. OF this
amount $l,274,505,000 was in ordi-
nary war expenses and $2S2, $4,000
in foreign loans. Only $l5l,790,00O
came into the treasury from taxes,
customs and other ordinary revenue
sources. 1 Sales of war savings and
thrift stamps fell to $98,6l4,OOO from
sthe $129.044,000 of August, and the
2l1,4l7.000 of July.
War Cost To Date $lS,8e6, o45, 900.
The total cost of IS months of
war to October |, was shown to be
$lS,S96,945,000, or three times as
much as will be raised by the fourth
loan. For this nations war activi-
ties 63,5S2,000 was spent, and
for loans to allies S6,5279l4,OOO,
Taxes have brought in $5,lS3,2oS,-
900. and Liberty loans or certificates
sof indebtedness about $l5,OOO,OOO,-
600. The harvest from war savings
and thrift stamps has been $745,-
10000.
Iowa still stood alone tonight as
the only state to report officially
that it was over its quota.