Pine Bluff daily graphic., 1918-11-20
FOURTH LIBERTY LOAN IS NEARLY
 SEVEN BILLION

Washington, Nov. 19.--Total sub scriptions to the Fourth Liberty Loan were $6,9s9,047 .000, the treasury de- partment announced tonight after fin- al tabulations had been completed. The over subscription of $9S9 047 ,000, !, was 16.4S per cent. Every Federal Re- serve district exceeded it's allotted quota.
 Washington, Nov. 19.-This makes the fourth Liberty Loan by far the greatest war loan ever floated by this or any other government. For the fourth consecutive time ill the last eighteen months of war the Amer- ican people have given more than the government asked to finance the war program. Including the four Liberty loands and war savings stamps the nation has raised $17 7,S52,000 ,000 in popular loans and this does not take into considerations over subscriptions were were not accepted
 Reports by districts arranged in order of their over-subscription per- centages, are as follows:
 Subscriptions by Districts were IS follows:
 Boston-Quota, $500, 0,00O,0OO; sub- scription, s632. .221, $50; pct. 126.44. Richmond Quota, $2S0, 900; ; subscription, $352,6sS,20 pct. 12595. Philadelphia-Quota $5OO,000,000; :; subscription, $59S. $50; pcct. 119.13 Cleveland-Quota, $500, ,090 900; sub scription, $702,O59,SOO pct. 117. Dallas-Quota $125, 100000; sub- scription. $145,944. .450; pct. 115.S2. Minneapolis Quota, $210.000, ,000; subscription, $241, ,62S,3OO; pct. 115O6. San Francisco-Quota, $402, 2,000 000; subscription, $459.O00,000; pct. 11417.
 St. Louis-Quota. s26O.0oo, 900; sub- scription, $296,3SS $50; pct. 1899. New York-Quota, $1,S00,000, 900;
 subscription, $2,044,77S,6O0; pct. 1859.
 Atlanta-Quota, 192,00O,00O; sub- scription, $317, SS5,2o0; pct. 113.4S
 Kansas City-Quota, $26o.o0o, ,O00; subscription, $294,45o; pct. 1882. Chicago-Quota, $S70,000, 900; sub- scription, $969, ,000; pct 111.4o.
 U. s. Treasury subscriptions, $33.- 329,S50.
 Bonds of the fifth war loan, to be offered probably in the spring, will be of short maturity, Secretary Me- Adoo announced today. This was in- terpreted as meaning five years or less. The secretary said it is im- possible now to predict the size or time of Notation of future bond is- sues necessary to cover the remain ing expenditures growing out of the war, but added that it is 'entirery clear that the monMnt had come 1 when the interests of the govern ment and the country would be best served by the issuance of bonds of short maturities and that that would be the policy of the treasury"
 Short term bonds. treasury offici- als feel, would be bought more readily than those of longer maturi- ty. Previous Liberty Loan issues range from ten to thriyt years. Whehtre hort term bonds might be sold at the interest rate of IA per cent set for the past two Liber- ty bonds, or might be increased, re- mains for future determination.
 Existing war obligations mature as follows:
 Firty Liberty loan, $2.0o0,0OO. re- deemable at the option of the treas ury after 1882, and payable not lat CT than 1947; second Liberty Loan, $500, ,O03, 100000, redeemable after | 1927; payable in 1942; third Liberty Loan, $4,17e.oo0,0o0, redeemable and
 payable without option in 1928; Fourth Liberty Loan. estiHl4ted at ] S6,ss9 o47. 900 redeemable after .1933, payable in 1883; war savins2. 79,-
 5so.ooo up to tho present, payaY e in 1925.
 With this program of maturity the
 treasury. by exsreisins its option can l ealI h the nations wsr debt tor re- demption in installments every five 1 years until 1947