New-York tribune., 1918-04-21
Second Federal District
Drops to Ninth Place
in Campaign
$31,4O4,25O Total
Of Days Sales Here
New York Guard Parades
to Stir Up Interest; St.
Louis Leads All

The New York Federal Reserve Dis
trict yielded still more ground to it's
rivals throughout the country yester-
day in the third Liberty Loan cam
paign. New York founders near the
bottom in the table of relative achieve
ments, and st. Louis is undisputably at
the top. The returns for the twelfth
day -.s ths campaign oulled this dis
trict from a tie for eighth place to
tie for ninth.
Only the consistency with which the
Richmond and Atlanta districts are
running far behind their quota pre-
vents the Second Federal Reserve Dis
trict from sinking to the bottom. The
people Of the West-can it be the
"apsthetic" West ?-have been setting
a pace in their contributions toward
Americas war finance which, up to the
present, has proved too fast for the
residents Of New York.
The St. Louis district in twelve days
subscribed Sc per cent of its official
quota, while New York and the rest of
this district pledged al per cent, the
same as Cleveland. The districts cen
tring at St. Louis, Kansas City, Chi
cago' Dallas, San francisco, Mii.neap-
oils, Boston and Philadelphia all sur
pass the New York district in achieve
ment.
DAYS Total Here $31, 1,404,250
And this latest recession of the. I'd
Federal Reserve District took place
yesterday. although the subscriptions
for. the twelfth day were the highest
announced this week. The total for
the day was $31, ,404,250, making the
aggregate for the period 1888 200.
Professional optimists found satisfac-
tion in the fact that this total is
higher than the s306,0o9, ,050 which was
raised in the corresponding period of
abe second loan drive. On the other
hand, on the twelfth day of the finan-
cial offensive last October 45,006,950
was raised This latter comparison is
significant, because it is typical of
those OF the last few days. The dis
parity in favor of the third loan over
The second was caused by the eXcep-
tionally large first day of this CAM
raign. which was nearly s1o9,000,000
in excess Of the opening day of the
second war loan.
Against the pessimism OF the New
York figures vas projected the an
nouncement that on the twelfth day of
this campaign the entire country sub
scribed S166 341 900, the largest amount
subscribed thus far. The total for the
twelve Federal Reserve districts scared
TO 1,371 ,055.300, which is S1,629, 100000
below the national minimum for twen-
sy-hve days of s3,00O,O0O,0o0. The
country as whole is S6S,944,700 be-
hind its quota schedule. and the New
York district has contributed some
100000 to the deficit.
Moreover, this district is S348,000,-
900 behind the schedule necessary to
attain the popular goal Of S1,500, ,00O,-
600. To counteract this backwardness,
the New York district will have to
key itself up and subscribe S06,696,900
on the average for the remaining thir-
teen days of the campaign.
Shortage in City Heavy
The proportionate shortage is greater
within New York City than in the other
parts Of the district, and Manhattan is
the worst offender of the five boroughs.
Queens, Brooklyn and Richmond are
actually subscribing in excess Of the
minimum daily requirements.
The twelve northern counties of New
Jersey and Fairfield County, Conn,
which are included in this district, are
surprising the counties of New York
State in relative achievements. An an
alysis OF the report of the Liberty Loan
Committee offers no opportunity for
he people Of this city to shift the
blame.
In an effort to rouse New York from
its apparent lethargy the New York
Guard held parades throughout the
state yesterday Six thousand state
soldiers marched from Washington
Arch up Fifth Avenue in front of the
reviewing stand at Forty-second Street
and Fifth Avenue, where Governor
Whitman interpreted the meaning of
the demonstrations in an address. 9th
or parades we're held elsewhere in the
city.
Subscriptions to Date
The summary OF the reaction of the