Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-04
Eight Federal Reserve Dis
tricts Achieve Maximum Al
Iotments of Subscriptions.
new YORK is LATEST TO
EARN BOND HONOR FLAG
$4,000, 900 Persons Expected to Own
U. s. Securities When Final
Figures Are Tabulated.

The third liberty loan has been
oversubscribed by $6,S88,9oo, the
Treasury reported today. Later
figures are expected to raise the
total far above three billions.
Although this insures that the
minimum asked by Secretary
McAdoo has been pledged, much
work remains to be done today to
bring the total to the four or FIVE
billions which the Treasury hopes
to get.
The San Francisco district has
confirmed with official figures its
claim of being the fifth district to
subscribe its quota.
The San Francisco and Dallas dis
trict official reports confirmed claims
of having passed their quotas. San
Francisco will stand sixth on the honor
roll and Dallas, with an oversubscrfp-
ton already of $1o.ooo,ooo. will stand
seventh. The district including New
York went over the top at noon today
The other four districts. Philadelphia
Richmond, Cleveland and Atlanta, were
expected to go over the top before
night.
States Claim Honor Flag.
Reports of states which have reached
their goals came rapidly today. Mary
land. Vermont, Virginia and North Car
olina, were among those claiming the
honor flag.
Scores. of telegrams told of great
numbers of small subscribers who par
ticipated today in the loan. Treasury
officials said they expected the mum.
ber of subscribers to exceed 5000. 900
baltimore was added today to the
honor roll cities Of more than 100000
population.
Ohio showed particularly bright in
today.s records. with Cleveland. Gin
cinnati. Columbus and Toledo over
been awarded. The Pittsburgh area
was 10 per cent under its quota at the
opening Of business today.
St. Louis headquarters wired that
Sebastian county, Ark. and Shelby
county. Tenn. had reached the goal.
Indianapolis by oversubscribing sent
the state of Indiana over its quota.
Want Billion oversubscAption.
Liberty loan workers today are out
for a billion dollars or more oversub-
scriptions before the campaign closes
at midnight tonight.
1t was the busiest day of the four
weeks drive, and probably the most
productive. Local committees sum-
moned every worker to aid in street
corner speeches. house-to-house can
vassing. office and factory soliciting
and telephone appeals to subscribe the
utmost"
"a bond in every home" was the last
day slogan which workers sought to
make good. Other campaign war cries
were, BUY another bond" Match the
Presidents $50 bond and Subscribe
before 1t is too late"
At midnight, local time. the cam
paign ends Requests that soliciting
beyond that time be permitted were
denied by the Treasury, although it was
admitted tnefe was llttle 10 prevent
banks from accepting belated pledges
dated today.
To Convert Old Bonds.
The Treasury is preparing regulations
covering the conversion Of 31s per cent
bonds of the first liberty loan. and 4
per cent bonds of the second loan. into
Az per cent securities ot>the third loan
They may be exchanged between May
and November 3. and owners will be
encouraged to permit the conversion Of
second As to be as of May Is, when
interest payments are due. on the sec
ond loan, and the exchange of first
liberty bonds to be as of June Is, when
interest on them Is due.
This would save a great accounting
task, necessary If odd sums in interest
are to be figured from the date of con-
version to the date of interest pay
ments. The method which the Treasury
will encourage is intended to standard
ize interest payments on converted
bonds.
The Treasury up to today has re-
ceived $176,000.000 from outright sales
and installment payments Of the third
loan.