Arizona republican., 1918-10-18
Republican A. p. Leased Wire]

lFtCRQDltIdii A. r. LCdSCd
 NEW YORK, Oct. 17-Unoffical reports tonight put the New York fed eral reserve district over the S1,0O0,- 000,o0 mark in the campaign to sell $500, 100000 of fourth liberty loan bonds.
 Subscriptions officially reported to- night totalIed $948, ,712,550, or 527 per cent of the districts quota. The in crease for the day was $1o1,271,7 700.
 Subscriptions reported included; Union Pacific railroad $5,ooO, 900; Southern Pacific railway, $2,Co0, 900; New Jersey Zinc company, $1025,o 900; American Smelling and Refining com pany, Captain J. P. Delamar, Missouri Pacific railway; Northern Finance corporation Sutro Brothers and com pany, and Thomas A Edison industries and employees, S1,0oo,ooo each.
 Liberty loan subscriptions, reported and unreported, probably amount to four billion dollars. although those ac- tually tabulated by headquarters here aggregate S3,607 597,3 the treasury announced tonight.
 Two days remain for the raising of two billion dollars.
 On Saturday night, subscription books will close absolutely, Secretary McAdoo declared today, thus setting at rest persistent rumors that owing to the retarding influence of the influenza epidemic, the government contem- plated giving the nation another week in which to enter pledges.
 New reasons why the loan should be not only raised but over subscribed, as 1 emphasized today by Secretary Me Adoo, are that tremendous war eX- penseS will continue to run on fo1 months regardless of the outcome ol Germany's efforts for peace. Even il | peace should come-and no agency o 1 the government is drawing it's plans il 1 this definite belief-there will be i'm. i mense manufacturing contracts to b' | fulfilled, armies to be brought back t, American shores and a multitude O other expenses which the momentum of war will carry on.
 Other War Loans to Come
 This means other war loans, Secre tary McAdoo explained. And what ever the measure of over-subscriptiol to the fourth loan may be it will b, deducted from future loans.
 Actually, the funds now being gath cred in units of fifty and one hundred dollars have already been spent to great extent.
 More than three -fourths of the si. billions expected, or $4,665, ,000, 900, mus go to pay off short term certificate issued in bi-weekly blocks since las ! June, to get current funds with whicl to pay the nations war bills. The diff | fPranPa hafWpan that and tho Ci- billions is not enough to run the gov ernment for one month. Consequently unless the fourth loan is greatly over subscribed, and cash payments come il liberally at once, the treasury will hay to begin soon to issue more certifi cates for current eXpenses-these to b repaid out of the proceeds from tn fifth Liberty loan.
 Biggest Single Day Recorded
 Subscription reports today adde, $33S,00O,000 to yesterdays loan total and although this represents the bigges single days contribution, it is short o the pro rata amount sought to brini the total to six billion by Saturda. night. Nearly a third of the addition today or S101, 100000, came from tn New York district and sent that dis II s1,SOS, 900. 900 goal Owing to tardy re ports from some parts of the Atlant district, Atlanta fell to last place il the percentage column today Subscriptions by districts and per centage of quota raised now are re corded as follows:
 St. Louis, s23O, ,9OO,20O, SS; Mime apolis, $177,163,450, S4 Boston. $375. 461,700, 75; Dallas, sS2,755,65O, 65.6 San Francisco. s256,591 800, 63.S; Chi l cago, s53s,S52, 300, 62; Richmond, s166. } 37L1o0, 59.4; Kansas City. $153,325 ,7Ot l 5S.9; Cleveland, $350,1S2.950. 5S.3; Ne7 York, s94s,7s2,0O0, 527; Phi,adelphi; $239,331,450, AIS; Atlanta. sS6,S69, ,05 45.2.
 l The situation in the different dis
 tricts tonight" said the loan headouar ters announcement, may be suhlme up as follows: