South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-10-16

say that the entire county may well
be proud OF the record made in the
fourth Liberty loan-it was a vic
tory for all OF us"
This And Former Loans.
In the First Loan, st. Joseph
county received credit for a bond
subscription of S1,3O6,5 500
In the Second Loan, she received
credit for a subscription of $500
500, and had 9,55S subscribers.
In the Third Loan, she subscrib-
ed TO $1.74S,6O0. with 1908 sub
scribers.
The fourth loan. when completed,
viii amount to approximately So
100000, with $4,000 subscribers.
Ii S understood that in making
up this amount. st. Joseph county
does not get credit for all the sub
ecriptions emanating from South
Bend institutions. The ruling of
the treasury department relative
TO these corporations was that the
credit must be given Largely ,ac-
cording to bank balances. For ex-
ample, The Studebaker Corpora
ton originally subscribed for one
million dollars worth of bonds, Of
of which they allotted $425, 900. 90
to St. Joseph county. They have
since subscribed TO an additional
million dollars worth of bonds
none Of which comes 10 St. Joseph
county but this is allotted to New
York City and Chicago. The total
subscription by the Studebaker en-
ployees all over the country
amounted TO one million dollars and
this subscription, The Studebaker
corporation finances. Locally, the
Studebaker employees subscribed to
$4,000.
What divers Took.
The same is true of the Oliver
Plow works, which subscribed to
$615,0O0-$215,0 900 Of which was
allotted 10 St. Joseph county,
and the balance being distributed
according TO bank balances at their
various agencies. The oliver en-
ployes subscribed 10 S185, 900.
This also, as with the Studebaker
employees, is financed by the oliver
corporation.
The Dodge Manufacturing Com
pany in Mishawaka and their en-
ployes subscribed 70 1925, 900,
all of which is financed by the
Dodge Company.
The Mishawaka Wooden Mfg.
company employees subscribed TO
$1S5,O0O. The company itself du-
plicated this subscription, and the
officers and employees subscribed to
$4,000, making a total from the
Mishawaka Wooden Mfg. Company
of $445,25O.
Wage Farmers Do Balance.
The above constitutes the larger
subscriptions in St Joseph county
The others were made up by the
wage Garner, the business man, the
farmer and the smaller manufact-
urers. all classes, with very few
exceptions. having done their duty.
In numersous cases, for example, a
wage earne' may have subscribed
TO one $50 bond when in reality
ne should have taken 500 or $3.50
worth OF bonds Similarly. some
business men subscribed 10 three
or four thousand dollars worth Of
bonds when probably If they had
felt that il was Of real necessity.
they would have taken FIVE or six
thousand dollars worth, so that il
must be distinctly understood that
all classes OF people, with few eX-
ceptions, subscribed literally 20
this issue. In many instances men
whose quota had been fixed at one
to- ten thousand dollars. voluntarily
doubled the amount fixed for them.
We believe. however. that there are
comparative few cases where cor
porations, business houses, farmers
or wage earners have subscribed 70
bonds TO such an extent that they
are hurt financially and we believe
that almost all viii agree that they
could have subscribed 10 even more
bonds If IL had been absolutely ne
cessary and that none will regret
having made the purchases thar
they have.
II is probable that the committee
viii. when time permits compile a
list OF all subscribers OF $1,000 and