New-York tribune., 1918-04-26
Crucial Day
In New York's
Loan Drive
Liberty Parade Relied On
to Rouse City From
Its Lethargy
District Sinks Still
Further Behind Quota
Immediate and Sustained
Rally Necessary if Tar
get Is To Be Hit

day will observe Liberty Day in re-
sponse to President Wilson's request
that they "liberally pledge anew their
financial support to sustain the ma
tion's cause" Specifically, it is the
day set aside for all those who have
not yet purchased bonds or invested
up to the hilt to transform their
money into the dollars Of Liberty.
In the New York district, the Liberty
Loan workers hail this day as the cru
cial one of the campaign. A great
Fifth Avenue from Washington Arch
at o'clock. This and many other
features on the programme are ex-
pected to rouse the people of this dis
trict out of the lethargy which has
meant undersubscription thus far.
The Second Federal Reserve District
ranks tenth among the twelve of the
nation. In the first sixteen business
days Of the campaign only sass, $50
less than the amount that should have
been raised in this time if the goal of
$500, 100000 is to be reached and
SlG7 ,220, $50 behind the schedule neces-
sary to fill the official quota Of s900,-
100000. And more alarming still, in
the opinion of the lean workers, the
New York district is some S6S, 100000
behind the schedule established during
the corresponding period of the second
Liberty Loan campaign last October.
The total for the sixteenth day was
'$24, 4,796, 400, against $77.349,S50 for the
equivalent day in the preceding drive.
The national total for sixteen busi-
ness days, as announced by the Treas
ury Department in Washington yes
terday. is S1,s9S 7S5,050, which is s21.-
214,95O behind the quota schedule.
sl08,OOo,O00. Only eight days remain
in the campaign, as yesterday was the
seventeenth day although tabulations
were available only for sixteen days.
Oversubscription throughout the ma
tion only can come, it is pointed out,
through an immediate rally that 10
sustained until May 4. The need for
record of achievements, is plainly
more pressing in New York than else
where.
From the Liberty Loan headquarters
earnest pleas came yesterday for
great collective effort on the part Of
the big buyers as we'll as the small, to
put the loan safely on the road to
oversubscription Failure to do SO, the
workers declare, will impair one of the
Allies chief assets, which is their con.
fidence-and the fear on the part of
the Germans-that America, strong
and fully prepared, in the months to
come will prove a decisive factor on
the battlefront.
In order merely to repeat it's accom-
plishment in the second loan, which
was subscribed long before the object
lesson of the battle on the plains Of
Picardy, the Second Federal Reserve
District must raise S114,635,600 on the
average for the remaining days of the
campaign. This will bring the districts
subscriptions up to $500, 900. and
to attain the official quota OF $780,
100000 the district must marshal
forth an average of S49,958,905 in the
few days that remain.
For the benefit of those who think
subscribing to a large number of Lib
erty bonds hurts the Liberty Loan Com
mittee has arranged the parade this
afternoon to reveal what real sacrifice
of the grand march from Washington
Square to Fifty-fourth Street mothers
and sisters and wives of fighting men
in the army, navy and Marine Corps
will march. Two of the mothers have
contributed six sons each. Military
units. city employees and representa-
tiyes Of civic organizations, delegates
from labor unions and the colleges,
Liberty Loan workers and a group of
mayors from all parts Of the Second
Federal Reserve District will trudge
along the great thoroughfare to SYM
bolize the adjustments various social
groups are making to help win the war.
The relative responsibility of the va
rious parts of the Second Reserve Dis
trict for, its standing is shown in the
following statistical analysis:
NEW YORK CITY
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