The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-03-26
Bonds to Garry a l-2 Percent Interest;
Ask Authsrity Make Additional
Loans 10 Allies
TO STAGE CONTEST
in FIFTH DISTRICT
Counties Organized; Some Expect Go Over
Top First Day; Base Quota on
Individual Deposits

The amount of the third Liberty
loan has been announced as $4,000
100000 and the rate of interest will
be four and one quarter per cent,
also all over subscriptions will be ac-
cepted according to the official state
ment of Secretary McAdoo,
The new bonds will be non-convert
ible but bonds OF the first and sec
ond Liberty loans may be converted
into the new AZ per cent securities.
Congress will De asked for authori-
ty to make additional loans to the
allies during the coming summer
The decision to make the new boz
inconvertible, the secretary announc.
cd. was reached In order to put an
nd to the expectation OF higher in
.er9st rates
Authority to issue ,50O,O00,OO0 in
bonds in addition to the $3,666,0O0,000
already authorized and unissued is
proposed in new loan legislation pre-
pared for submission to congress 50
that the total amount which may be
issued is $8166,OOO,O00
Mr.. McAdoo said expenditures Of
the United States and the allied gov
ernments had been much below esti-
mates, and that consequently it was
not necessary to make the loan larg-
er than $3,OOO 100000.
VIM. H. Donahue, chairman of the
fifth district, stated this morning
that he is confident Grady and the
other counties in this district will put
their quotas over in short order. In
explaining the manner in which the
Quotas will be figured and in making
general comments on the situation,
MIR. Donahue said
"The quotas will be figured on indl-
vidual bank deposits and probably
will be taken from the call of De
cember 81, 1917, as shown by the
bankers Blue book.
THE fifth Oklahoma district COM
prising Grady, Caddo, Kiowa, Greer
Stephens, Comanche, Jefferson, Cot
ton Tillman. Jackson and Harmon
counties will be approximately the
same as the second Liberty loan,
which was six per cent of the total
bank deposits.
"Gradys quota will probably be
less than the second loan quota be
cause the public and country bank
deposits held by Chickasha banks
which will be deducted from ths
amount against which the quota is
figured
"The deduction, however, from the
quotas of cities where large reserve
banks are located and country bant
funds accumulated will make a cor
responding increase in the quot'
AGAINST individual deposits which vii
offset any advantage gained over pre-
vious issues.
"Grafly countys quota of the sec
ond Liberty loan of $S,OOO,0O0,OOO wa
s47S,1OO, while total subscription o
S5O7.OOO was rolled UP in the county
"Under the able organization whlcl
County Chairman Slusher is buildin
up. anticipate that Grady's quot
will 60 up the first week Of the can
paign. There is contest on o'
tween the II counties of the FIT
Oklahoma district to see which wi
be the first over the top and tn
spirit of local pride makes me mop
that the Grady county organizat1o
will be the first division over the e.
emys barbed wire. A number of tn
ether counties are thoroughly prepa
ed to go and more than one expect
to go over the first day, which is b
ing generally observed as holida
in this district"