Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-10-20
liberty LOAN IS
iOvERSUBSCR|BED
With Official Figures Lacking
Reports Indicate Bonds
Are Beyond Goal.
TWENTY MILLION PURCHASE
Number of Buyers Is Largest
in History of National FL
nance Here or Elsewhere.
LAST DAY BRINGS AVALANCHE
Country Comes to Fore in
outpouring of More Than
Billion in Windup.
TWENTY MILLION PURCHASE
last DAY BRINGS AVALANCHE

? uASIIIEGTON, Oct. 19. - over
-,,Sscrintion OF the fourth Liberty
Ioan seemed assured tonight when
10 ,hroe weeks campaign closed.
Mr,,lc official reports were lacking,
,,annearcd q, that again the American
neonie have given to their govern
-, NOT only what was asked but
ne than was asked in order that
me he war against Germany and her
aIIies may be carried to successtul
How far the total will run above
,ha ,e 900 .OOO,O goal officials
would not attempt to estimate to-
r,gbt II all depends, they said, on
rbether big financial interests at
,he last moment file the big lump
Observations expected of them and
whether the number OF smaller sub
scrintions by individuals is found to
meet expectations.
New subscriptions entered during
the last day, and those made effec-
tive by payment of the 10 per cent
installment, probably will amount to
u 900 600 900 for the entire nation,
Il was said. Before business opened
this morning s4,599.719,450 had been
reported to federal reserve banks.
For the next five days banks in
every city and town in the United
States will be busy adding up sub
scriptions. Reports and payments
then must be made to federal re-
serve banks. which are expected to
:. take at least five days more to re-
port to the treasury
Over 20 Million Buyers.
Indications are that the number OF
individual subscribers will far eN-
ceed 10000, 900 and break all records
for distribution Of war bonds for
either this nation or any other.
The honor roll OF bond buyers
will include many who have not par :
ticIpated in the first. second or third
Liberty loans, officials said. II will
bear the names OF subjects OF other
governments, neutral and belliger-
ent, throughout the world. GFmans
interned in camps in this country
and others whose sympathy is not
with their native land, will be en-
rolled
A large part Of the $4,000. 900, 900
twil be paid over to government ac-
count by banks through whom CUB
scriptions were arranged by indi-
viduals The individual subscribers
then will take ten months In which
10 repay the banks on tho install
ment plan for the bond loan. Bonds
will be delivered when the Last pay
ment has been made. The .ransac-
ton represents the most extensive
scheme Of popular lending and bor-
rowing through. banks that the
country has ever seen.
Two Districts Officially Over.
According to official figures avail
able tonight at the treasury, only the
ST. Louis and Minneapolis districts
had exceeded their quotas. Mime
apolis having gone over today. Tn
official reports credited several other
districts with having passed the 100
per cent mark late today or early
tonight However, confirmation prob
ably cannot be obtained for several
days.
Most coupon bonds Of the fourth
loan are ready for delivery now and
registered bonds will be available
soon, Holders OF first and second
loan bonds, which bear 81 and 4
per cent interest. respectively. have
pntll November to exchange them
~ banks for bonds bearing Az per
cent interest II they choose to do so.
:, twenty per cent of any fourth
,oan subscription is due November
l ~ second installment Of 20 per
vIent due December 10. 90 per cent
Nanuary l6 and 30 per cent Janu-
About s1s,ooHooO. 900 has now
peen raised by the American people
N popular war loans since the
Cnited States entered the war and