Norwich bulletin., 1918-04-09

Washington, April S.-Estimates of | daily Liberty loan subscriptions will i Tot be given out during the campaign | | by national district CT local head , l quarters, under instructions issued to- l night by Secretary McAdoo. Instead, | l the treasury will gather them from each federal reserve bank figures on subscriptions actually filed with them, ! together with receipts from the initial | five per cent. payment, and a tabula- tion of these will be made public each day.
 Local committees may compile sim liar reports of subscriptions turned in to local banks, and give out the re- suits.
 To Prevent Inaccurate Estimates. i This method of supplying informa- tion on the day by day progress of the loan campaign, adopted today by the treasury after long discussion, is in- tended to prevent the publication of inaccurate estimates which might not be borne out by actual subscriptions. Secretary McAdoo requested newspa pers and Liberty loan committees to observe the new rule.
 Over long distance telephone from , Richmond, Va. where he made his first Liberty loan speech on a south- ern tour, the secretary authorized this lstatement:
 Tn order to remove the risk Of ,in- accurate information and of over-s san guine and misleading estimates con- corning the amount of subscriptions
 to the third Liberty loan, no figures
 will be given out for some days and , then only figures as to ahe actual amount of subscriptions officially filed with the federal reserve banks.
 "The danger of relying upon op-
 timistic estimates and unofficial sub . scriptions will thus De avoided. :, Accurate Figures Will Be Given.
 "This information will be made rublic beginning at an early date { when the department will be prepared f to give. accurate figures. After eaC n Llan has been developed, the fedora f reserve banks will reDnrt to tlie sraas.
 ury department the amount of sub n scriptions actually filed and those re- n ports will be given oIt daily. Tho n federal reserve banks will siTnuita |. neously announce the amount of silci
 subscriptions officially flied in lieil d own districts and will permit Ioca e i committees to announce the amounts q of subscriptions officially filed" r. The new arrangement renders
 1alueless the system developed by the c ! IOdII llOl dtLSi htShs $ of work to gather from each city, towr = and county at the close of the day: l. soliciting. an estimate of subscrip-
 tions gathered that day. Those esti l. mates were to have been collected D! o the publicity organizations in eacl l. federal reserve district and telegraph e ed to Washington to be made publi'
 here the following day.
 During the second loan campaign g-;, g public daily together with official re n ports of federal reserve banks and tn m aggregate official figures ordinari!.
 were about two thirds of tha esti
 mates. This ratio continued to tn m last day of the campaign, but weel le after the period closed. final oflcia r, figures as announced were approxi % mately the same as the earlier esti
 mates.
 If official reports are made at tn s. same rate this time the treasurv's an 1- nouncements will be from five to te l. days later than the days work the sv represent.
 Danger of Duplication.
 Officials explained that the dange D. of duplication, CT watering" in esti " mates, even if carefully made, arise Tn from the fact that campaign woT Ier re report subscriptions which may
 made paSSable through a bank. Tn
 bank in turn subscribes a lump SUI IT. to cover all the subscriptions it han or dies. Thus a pledge might be, counte ne twice and the aggregate of these du S. plications might result in a misleao
 ing showing
 Newspapers which heard during u Jy day of the plans for suppressing est he mates protested to the Liberty loa n- organization, arguing that the est or mates during the second loan were aC
 mitted to have been substantially at
 curate. They suggested that psycht mt logically the campaign propa ganG nd needed prompt reporting of figures { S. well as accuracy.
 .or These protests were met by Il
 statement that official reports fro
 federal reserve banks probably wou us, be hastened under the new procedur ny By the latter part of the week, u te. treasury expects to give it's first of a cial report on subscriptions. -S' "Honor" Flags Not For Sale. ,u- From several cities today can ed word that an attempt was being ma of- to commercialize the honor flag id aui and that the flag manufacturers we lso soliciting orders for large quantiti
 of specially designed banner. Tn
 was met by a warning from the Urea 9n ury that the flag has been copyright to and can be obtained legally only fro Tn the Liberty loan organization. -ll- POO Names on Honor Roll. About sixty additional communiti
 reported today that they had su
 scribed their quota and won the fis
 making more than 200 names on t kE honor roll in the two days of the car
 paign. Among those reporting tod UT, were:
 New Jersey: Florence, Burlingt
 County; Riverton, Burlington coun fol Pennsylvania Hamburg, Ser tbe county
 ool April 21 Liberty Loan Sunday. ess Secretary McAdoo today nam are April 21 as Liberty Loan Sunday a per in a letter to 114,000 preachers ask re- that special sermons be preached CTS that day.
 the Samuel Gompers, president of 1 suit American Federation of Labor, in the statement today urged workers