The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1918-05-08

ed that probably 100000 persons
bought bonds in the campaign which
closed last night-7,0OO,OO0 more than
In the second loan and 100000
more than in the first.
Latest tabulations showed $3.50
62S,25O reported subscriptions, but
the treasury now believes the actual
total. which may run to $4,0OO,OOO,-
600, will not be definitely known un-
til May IL, four days after individual
banks are required to report to fed
eral reserve banks.
Whatever the money total" said
treasury statement tonight, the
loan just closed probably is the most
successful ever fioated by any nation"
Bank resources, it was pointed out,
have been drawn on comparatively lit
tic to make the loan success and
the prospects for future loans are
brighter as consequence. An added
reason for jubilation among treasury
officials is the indication that the gov.
ernment bond buying habit is becom.
ing stronger among people of small
means.
Secretary McAdoo, in a statement
thanking the nation for it's support Of
the loan, said the widespread distr,-
button of bonds "is particularly graf
flying" and added: This is the
soundest form of national war fin
apce-the distribution Of the loa.l
among the people themselves
Unless there is a pressing neces-
sity for selling them, he urged SUBJ
scribers to retain their bonds, both
to help maintain the credit of the gov
ernment and as a stimulant to those
economies and savings which release
materials and labor necessary to the
support, il not to the very life. of our
army and navy.
The total Of s3,316,62S,25O report
ed by the treasury tonight included
subscriptions tabulated by the Boston
and Philadelphia federal reserve dis
trict up to IL o'clock Saturday morn
ing, New York up to o'clock Satur-
day afternon and others to O'Clock
Sunday afternoon. The table of sub
scribers including fairly accurate re-
turns for the Atlanta, Minneapolis,
Cleveland, San Francisco, st. Louis
Chicago and New York districts, and
estimates from the Dallas, Kansas
City. Richmond. Philadelphia AMI
Boston districts is as follows:
New York 100000 Chicago g.
49S,OOO, Cleveland 1.561.97O, PhiladeI-
phia 100000. Boston 1900. 900, San
Francisco 100000, Atlanta 1,0O0,-
oOO. Minneapolis 100000 Kansas
City 100000. Richmond 100000 ST..
Louis S66,342, Dallas $4,000.
Upon hearing reports on the num-
Der Of subscribers and the money to-
tai of the loan. Secretary McAdoo
gave out this statement:
THE people of the United States
MAY we'll felicitate themselves upon
the triumphant success of the third
Liberty loan. 1t is a most heartening
manifestation of their patriotism and
of their inflexible determination to
support our gallant army and navy
ca is achieved.
II should like to thank the thou
sands Of men and women throughout
the country, the Liberty loan commit
tees, bankers and business men, pa
trotic organizations, press association
newspapers and magazines-in fact
every class Of our citizenship. white
and colored alike-for their effective
assistance and cooperation in this
great victory behind the lines, without
which a victory on the front can not
be achieved. The enormous number
OF individual subscribers, indicating
widespread distribution Of the loan
among the people. is particularly
gratifying. This is the soundest form
Of national war fnance-the distribu-
tiCn Of the loan among the people
themselves.
II earnestly hope that every one
who has bought Liberty bonds will
try to keep them for the period of
the war at least. The slogan now
should be Keep your Liberty bond
No one does his share fully If he
merely buys bond and then sells it
Immediately below the market price
OF course. if imperative necessity
compels the sale of Liberty bonds no
.,s,x l4,.