Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1918-11-01
100000 OVER
SUBSCRIBE LOAN
The Greatest Popular Response
to a Governments Call the
World Has Known.
FLOOD ON TIE LAST DAY.
Eanks Find X Physically Impossible to
TabuIste Late Subscriptions-BlS
Purchases Were Made in the
Closing Hours.

Washington. - The fourth Liberty
Loan, the most gigantic financing OPP
GRAFTON ever undertaken In the history
of the world, ended in overwhelming
success.
Every section Of the country Is re-
porting oTersubscrlptions ranging up
to hundreds of millions Of dollars IN
some districts. How great the total
Subscription will be cannot be estimat-
cQ at this time, but that it Is greatly
L. excess Of the immense sum Of 30
OC00OO,G00 sought is certain.
Tie $6,000.000,0 C0 has been oversub-
>>r.bed by $1S0,0OO,000 or more, ac-
cc-ding to conservative estimates from
80 T. fedora! reserve districts. The
! .;i,natcd total is So 10000, 0G0, despite
! ,..a epidemic OF Spanish influenza and
pence talk.
mere were 25,0OO,0G0 individual sub
- hers to the $G,000,00O,0OO fourth
:.r"ty Loan, according TO indications
"yCph 81 Washington as the stupendous
Isl. Of recording and tabulating sub
| :...':ntiOns goes forward. The average
Investment was $40, according to this
| s,siIaate.
Ill of the Liberty Loan headquar-
| s&rs Of the various federal reserve dis
l;icts were showed under with sub
h. l.,e-E In, (
declared by district managers that il
would keep the banks in every city and
avn busy for five days tabulating the
nmountS. II is expected also that the
.pporfs and payments by the federal
reserve banks to the treasury depart
:.ent will take five days more.
In addition to the great success OF
tie largest loan ever floated in the
world, the huge number Of subscribers
came in for most gratifying comment.
It is estimated by the treasury depart
ment that the number will approximate
25,000,000, which compares with H.
100000 for the third Liberty Loan. Of
| these it is estimated that about 4,5OO,-
| coo came from the federal reserve dis
trict of New York. In the second Lib
crty 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 $1,000,000,000 Great Britain's SUI
IRENE 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 $1G,0G0,0 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 oversubscribed. The
| first loan was for $2,000000,00O, and
| there was billion Of oversubscriptions
that were not accepted. The second
loan of S3,O00000,0G0 was rushed past
| it's objective with oversubscriptions of
$751;, 100000, of which the govern.
ment accepted only $60S,000,000. The
subscriptions to the third loan of So,
00,0O0,0O0 were $4,176000,000.
If any evidence were 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 it may be found in
plenty in the response they have made
to the last and greatest call for funds
TO prosecute the war to a decisive fin
ish. From tha best available reports
not a 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.