The Birmingham age-herald., 1918-10-22
Iig5 AL AMOUNT OF
 6lERSUbSCR|PT|ON
 NOT YET. KNOWN Many Early Messages Ap- pear to Have Been Too
 Optimistic, ReportsShow
OVER P MILLION
 INDIVIDUALS BOUGHT
Navy Bought Over Forty Millions, While Army Subscriptions Are Be- lieved to Total at Least Two Mill
 lions-Shipbuilders Big Buyers

a number of late reports on the outcome
 ] of the Fourth Liberty Loan campaign which closed Saturday, treasury officials l declared tonight there is little certainty
 at this time either of the total volume of the subscriptions or the number oi subscribers. They still felt no doubt that I the loan had been oversubscribed. but explained that many earlier messages appeared too optimistic in the light o1 actual figures now being compiled by every bank and local committee over the country
 Some cities which at first reported l they were heavily oversubscribed. now l discover that they barely went over their marks.
 l There was good ground, however. for ] the estimate that 22.0Ooooo or moro indi-
 viduals had subscribed to the greatest war loan ever floated by any govern
 ment The fact that many of these rep l resented lump subscriptions by corpora tions which later would resell bonds tc their employees, led to the belief that the number of actual bond holders would be considered higher.
 FINAL REPORT DELAYED Owing to the present uncertainty, .he treasury expects to make no further an nouncement concerning the results of the loan until definite and official figures 1 are received from each federal reserve 1 bank. The first of these reports is hard ] iy looked for before next Monday, and the final compilations may be delayed for two weeks.
 digest of reports so far received in- 1 dicates clearly. officials say that the house canvassing method of having citi- zens call voluntarily at polling places.
 should be used much more extensively I in the Fifth Liberty Loan campaign set for next spring.
 Stories of self sacrifice by individuals and business interests, of fine records of loan workers, of unceasing effort throughout the three weeks period. oi clever methods and efficient salesman ship, of enthusiastic determination which stopped at neither moral discourag ragements nor physical handicaps of illness from | influenza, reach the treasury in every mail.
 Words of thanks seem paltry in the face of the deeds now being reported said one official.
 ARMY AND NAVY TOTALS
 The navy subscribed more than NO. 1 900, said an announcement today by Rear Admiral Cowie, navy Liberty Loan officer, and this figure will be raised by later reports. The army also made a fine record, but the figures are yet in- complete. General Pershing cabled that up to October IA. members of the Amer e.. |. L $1, ,207, 600, and that this probably would run to $2.000,000 or more. Officials and employees of 97 ship yards subscribed $35,386,S00, the shipping board announced If the other 106 yards man. tain the same ratio the grand total for the industry will be about $75, GOO 900, and average of more than $l50 per man. Plants reporting big subscriptions were: American Shipbuilding company, Cleveland. $5,9OO.oo0; Cramp Shipbuildins company, Philadelphia. g. 10000; Hog Island, s3.0oo,00o. Shipping board em- ployes subscribed more than $1,00oOc0. ALL DISTRICTS OVER New York, October 21-Every one of the eight subdistricts of the New York federal reserve district went lover the top" in the fourth Liberty Loan with oversubscriptions ranging from to 50 per cent. 1t was an- nounced tonight, following receipt cf reports from subdistrict chairmen. The district comprising Long Island outside of New York city, was in the lead with subscriptions estimated at from 140 per cent to 15o per cent oi it's quota.
 Newcomb Carlton, president of the i Western Union Telegraph company, an- nounced 33ea employees out of-a total of | 371S or 97e per cent. subscribed to l the loan. the total subscription being
 I in excess of $500,000.
 l OyERSUBSCRIBE 32 MILLIONS l Chicago, october c1.-An oyersub- 1 scription os nearly $s2.o0o.ooo is indi-
 cate6 in the state divisions of the sev- . 1 enth federal reserve district, acording ] to reports received today by state
 chairmen of Liberty Loan organiza- tions. Every state had an oyersub scription.
 For the seventh district outside of Chicago and Cook county. the total sub scrirtion so far reported is 365o.o00, 1 900. compared to quota of $618. .7oo.- l 000
 | Wisconsin has an oversubscrption of about s2.ooO.uo0, as against quota ] of $100.050,oo0. Milwaukee bought