The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-09-30
NORTH DAKOTA
MORE THAN HALF
over THE TOP IN
.THEFOUR1H Loan
Reports Coming in Slowly,
State Chairman Nc
Dowell Announces
URGES AGAINST
OVEROPTIDEIsM
State Will Fail to Make
Quota Ii One or Two
Counties Fail

North Dakota had subscribed moro
than half of its quota of $19. 1000, 00G
! in the Fourth Liberty Loan cam
| paign, Wesley c. Mcdowell, Marion,
state chairman, announced this af-
! ternoon. =
Exact figures are not yet avail
able" Mr.. Mcdowell said over long
distance telephone. but the outlook
! is everywhere good. There must not
be an overoptimism, however, for on
+ the narrow margin of this loan, If
one or two counties in the state falls
down, North Dakota will fail to
make its quota. -.
Reports this morning indicate
that several counties went over the
top Saturday. Many others are so
to so per. cent subscribed"
Mr.. Mcdowell expects to be able
to give out exact figures Tuesday.
Northern Half Slow.
Reports from counties in the
northern half Of the state are coming
in very slowly, Mr.. Mcdowell said,
probably due to the threshing ac-
tiyities. Counties in the southwest
eTn section of the state are making
excellent showings on thlr allot-
ments. which, however, were nee
"asaryily small showings to crop
conditions.
Voluntary subscriptions put Slope
county over the top. Sioux county
Wlthrra 95 per cent population IF In
dams will be over today.
The city of Darlington went over
the first day. and country districts
in Foster county are rs per cent
subscribed. Eddy county will ex-
coed its allotment. probably today.
Straight Sailing Saturday.
North Dakota towns and counties
showed real results before noon Sat-
urday, the opening day Of the drive,
reports received at the office of Wes-
lev G.. Mcdowell state chairman, at
Marion indicating splendid progress.
Nelson county, j. P. Lamb, Mich
igan, county chairman, rather slip
ped 1t over on the other sountIes
by reporting an oYersubscription of
1000 on a $425,000 allotment late
Friday night. The report was a
surprise at state headquarters, COM
ing in one minute after sthe drive
was officially opened.
Buffalo, Cass county, was over
its allotment at $3.50 o'clock Sat-
urday morning.
Alice and Embden, Cass county,
strong German communities had
exceeded their allotments at 10: 80
O'Clock
Lisbon, Ransom county, had SUBJ
scribed $4,000 at the same hour.
Williams, Mckenzie and Noun
TRAIL counties were going strong at
noon, with indications that their al
lotmets would be subscribed or ex-
ceeded by night.
Valley City Travels.
Valley City, Barnes country, using
the notification system, had sub
scribed 100000 of a $4,000 allot-
ment at noon. while Steele, in Kid
der county went over the top at
noon.
Up in the northern half OF the state
Bottineau, Bottineau county, was so
per cent subscribed at noon, while
the village of Lands in the same
county had its allotment at III
O'Clock.
The cities Of Mandan and Beach
hit the pace hard all day, and were
not far from being open at night
Four hundred five subscribers in
Golden Valley county subscribed
more than $4,000 in three hours.
Grand Forks and Trail counties,
with heavy allotments, were hitting
the bali hard at noon.
Havana, Sargent county, with a
$4,000 allotment, had raised $4,000
at noon.
5Griggs county was half subscribed at
noon Saturday. and expected to fin
ish before night.
Grand Forks city, with an allot-
ment of 100000, made excellent
progress Saturday, and will finish to
day.
Exempt From Profit Tax.
Bond holdings of the Fourth loan
up TO $4,000 and UP to $45, 900 in the
aggregate Of other loans provided
the amount of previous issues on,
which exemption is claimed does not
exceed one and one-half times the
amount subscribed to the Fourth
loan and owned at the date of the
tax return, are exempt from income
and excess profit taxes. Chairman
Mcdowell had been advised.
These exemptions are in addition
to the present $4,000 exemption for
aggregate ownership of previous is
sues. meaning that a subscriber of
$4,000 for the Fourth loan is entitled
to exemptions on these bonds, and
also to $4,000 of previous issues.
The exemption from income and
excess profit taxes under the new
law continues for two years after
the end of the war, which probably
will cover the period of the highest
taxes.