The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1918-10-24
100000 over
SUBSCRIBE LOAN
The Greatest Popular Response
10 a Governments Call the
World Has Known.
FLOOD ON THE LAST DAY
Banks Find u Physically impossible TO
Tabulatc Late Subseriptiors-Bt9
Purchases Were Made in the
Closing Hours

Washington. The fourth Liberty
Loan, the most gigantic financing op-
GRAFTON ever undertaken In the history
OF the world. ended In overwhelming
success.
Every section of the country Is re-.
porting oyersubscriptlons ranging up
to hundreds OF millions OF dollars IN
some districts How great the total
subscription will be cannot be estimat-
ed at this time, but that 1t is greatly
In excess of the immense sum of So
000,000000 sought is certain.
The 100000 900 has been oyersub-
scribed by $lS0,000.00o or more, ac-
cording TO conservative estimates from
the II federal reserve districts. The
estimated total is So. 900 despite
the epidemic of Spanish influenza and
peace talk.
There were 25,0O0,000 individual sub
scribers to the S6,O00,000,000 fourth
Liberty Loan, according to indications
noted al Washington as the stnpendous
task of recording and tabulating sub
scriptions goes forward. The average
investment was $40, according TO this
estimate.
All of the Liberty Loan headquar-
ters of the various federal reserve dis
tricts were showed under with sub
scriptlons on the last day, and 1t was
declared by district managers that II
would keep the banks in every city and
town busy for five days tabulating the
amounts. 1t is expected also that the
reports and payments by the federal
reserve banks to the treasury depart
ment will take five day. more.
In addition to the great success OF
the largest loan ever fioated in the
world, the huge number OF subscribers
came in for most gratifying comment.
1t is estimated by the treasury depart.
ment that the number will approximate
25,000,000, which compares with IL
100000 for the third Liberty Loan OF
these ii Is estimated that about 1900
600 came from the federal reserve dis
trict of New York. In the second Lib
erty Loan there were 100000 sub
scribers in the nation.
The fourth Liberty Loan was the
greatest financial offensive launched by
any nation in the world and exceeded
by $l000,000000 Great Brtains SUI
preme effort. The number of subscrib-
ers also exceeds by more than four
times the total enrolled by any other
country IN the world.
Including the fourth Liberty Loan,
approximately $4,000, 100000 has been
placed in the war chest of the United
States since the entrance of the United
States in the war. All of the four
loans have been oyersubscribed. The
first loan was for So 900 900, 900, and
there was billion of oyersubscrlptionS
that were not accepted. The second
loan of $3,000000,000 was rushed past
S1,6l7, 100000, of which the govern
ment accepted only SS0S,000,000 The
subscriptions to the third loan of 3d.
000,000,000 were S4.l16,000,000.
If any evidence We're needed to prove
that the people OF the United States
have not been lulled into apathy in the
prosecution Of the war by Germany's
peace propaganda 1t may be found in
plenty in the response they have made
TO the last and greatest call for funds
to prosecute the war TO decisive fin
ish. From the best available reports
not section Of the country has failed
to meet its quota, and even in districts
where business has been practically
paralyzed by the epidemic of Spanish
influenza and pneumonia, which has
been raging. enormous OversubScrip-
tions are reported