Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-10-19
LOAN SUBSCRIBED
over FIVE BILLIONS
Treasury Officials Announce
Hundreds of Cities and
) Towns Exceeded Quotas.
NEARLY BILLION IN SIGHT

The national managers of the fourth
liberty loan estimated at noon today
that subscr.p:7 had gone above
$5.o00.00o.000. alt,o"gh they had few
definite official reports to back up
these calculations. The campaign
during the last hours of the afternoon
and evening, they said. probably
would bring in nearly a billion dol
lars.
Hundreds of cities and towns be-
fore noon reached the quotas allotted
to them and went forward to pile up
oversubscriptions. Federal reserve
district managers telegraphed head
quarters that so many towns have re-
ported above the hundred per cent
mark that clerical help was not avail
them to Washington.
Have Five Days for the Count.
\ Banks have five days in which to
count up this last-hour flood of sub
Gcriptions, together with initial pay
ments. and report to federal reserve
banks. The reserve banks will begin
Thursday to figure up their district
totals. and it probably will be ten
days before the success of the loan is
finally known.
Among the cities which reached their
quotas yesterday were Atlanta, Ga:
Mobile, Ala; Knoxville, Tenn, and
Jacksonville. Fla. Columbus, Ga, eN-
pected to go over early today. The
entire state of Tennessee was prac-
tically above it's quota this morning.
From Cincinnati today came word
that although the city had subscribed
its $46,000.000 quota more than week
ago. it now has gone S6.000,000 above
that and has accumulated roll of
153,f40 subscribers.
At the opening of business today
Utah and Oregon had So per cent of
their entire quota and enough other
subscriptions not yet reported to put
them both across.
Officers and employees of the Emer-
Eency Fleet Corporation at Philadelphia
subscribed 1924. 900, when Charles NJ.
Schwab. director general of the cor
poration, announced he would match
all other subscriptions Thereupon the
employees put up s211.500 more, and
Mr.. Schwab wrote his check for an
, equal amount.
No Lessening in Effort.
On the eve of the greatest selling
effort of the entire campaign. ma
tional loan headquarters limited it's
comment to this:
There must not be the slightest
diminution of effort tomorrow. To
gain the desired goal means the most
vigorous selling from sunrise until
as late at night as there is any one
left to buy
The managers felt sure that the big
total would he Sy1hSrrjhpI HIthnnoh
they emphasized that it would take
multitude of last-minute $50 and
$500 subscriptions, as well as some
big pledges, to do it. The loan would
fail. they said, only if either the vast
group of small subscribers or the
smaller group of heavy buyers re-
fused to invest at the last moment,
believing that the loan would go over
without their help.
Indications last night were that
several federal reserve districts might
fail to achieve their quotas That left
bigger task for those nearer their
goals. The St Louis district passed
its quota of $3.50. zoe, 900 by a bare
4. s38f,20O. and recorded itself as not
only the first district to make this rec
ord, but as having duplicated it's rec
ord of the third loan campaign. Dis
frict managers expected to roll up an
extra S2O,0O0,O0O today.
The New York district passed the
hllllon-dollaE mark, and adviceS were
that the committee hoped to get the
entire $500. 900. 900 quota by tonight.
The Minneapolis and Boston districts
are nearest the top of the percentage
column with IS and S. respectiyely
Nays Record Announced.
Rear Admiral T. I. Cowie, Navy
liberty loan officer. announced that
approximately S29.50OO0O in bonds
had been sold in the Navy
From the battlefeldS of France
/: came a message for the fourth lib
erty loan, from Maj. Gen. George
, Barnett, commandant of the Marine
Corps, saying the marines, not con-
tent with turning the tide of battle
at Chateau -Thierry. are coming
! across for the fighting fourth"
The Army liberty loan managers
announced that nearly 100000 in
subscriptions from soldiers had been
tabulated. and that this would be
raised to S50000.0O0 by tonight. thus
more than doubling the S22OO0,O0O
/ Army subscriptions to the third loan
New reports of subscriptions of
railroad employees by operating
regions showed that $4,000 men in
the eastern region had raised S37.-
$4,000: $4,000 men of the north
western region. or SIS per cent of ALL
had raised S23.616.00O. and SO 900 en-
pioyes of the Pocahontas region had
subscribed for s3.207.000.
Reports indicated that Porto Rico
would sell its whole 1000 600 quota
Subscriptions by Districts.