New-York tribune., 1918-04-10
E. II. Gary Announces US,
Steel Corporation Sub
scription of $35, 100000
No Reports Made
On Small Purchases
Produce Exchange Takes
$2,2O4, 900 of Its $1O,OO0,-
600 Allotment

! The business side of the Libert,
f; Loan campaign lcaped into prominence
yesterday.
Parades and speeches and stunts were
crowded into second place in the scale
of Importance by the concentrated drive
of the signers of checks and of ap
plication blanks. From varied points
particularly the regions where biz
business thrivcs in New York, came
picturesque reports CT how the people
of the United States gre answering the
nations third request for war loan
Secretary of the Treasury McAdoo's
ba4 on the premature publication OF
official totals OF subscriptions agair
prevented an accurate summary 81
what was done yesterday in a financial
way. The prohibition proved irksome
to the emotional war financiers, who
week of the months offensive for fight
ing dollars that the loan had been
oversubscribed.
Directors to the decree that the pub
lie must wait until authentic loan fig
ures can be compiled compared their
position with that of a spectator at a
baseball game who does not know what
the score is. But unofficial announce
ments of subscriptions ranging from
$50 to $25,O0O,OO0 made the analogy
somewhat de!usive.
Days Subscription $7O,0O0,00O
In New York incomplete lists of the
larger purchases of Liberty bonds
showed a days subscription Of more
than $40 100000. The largest subscrib-
er was the United States Steel Corpo-
ration, which announced through +. H..
Gary. chairman Of its board of direct
ors: "The United States Steel Corpo-
ration will subscribe for $25000,000 OF
the new Liberty bonds, and it will sub
scribe for $l0,000,000 additional to be
and subsidiary companies on an install
ment plan"
The Prudential Insurance Company
of America announced it's subscription
to S1O.OOO.OOO CT bonds, half of which
city and the other half to Newark.
The Citizens National Bank will take
s5,4oo 900; the Mutual Benefit Life
Insurance Company, of Newark, 3d.
600 900: the Republic Iron and Steel
Company, $2,05O,000; the Hamilton
Trust Company, of Brooklyn, $1.6o0-
OOG; the Dime Savings Bank, $1,000
600; the Liggett e. Myers Tobacco
Company, S1,000,000, and the Corn
Products Refining Company, $l.O0O,0OO.
No Report on Small Buyers
No complete report Of subscriptions
by small buyers was available. But the
enthusiasm that crowds at Liberty
Loan meetings displayed made the out
look seem encouraging. Despite the
inclement weather, interested groups
collected at the noon gatherings and
other meetings all through the after
noon. More than 1900 persons heard
Mrs. Douglas Robinson, Colonel Roose-
velt's sister, speak at the Subj reasury
at noon, and many others grouped
around the Liberty Bell Of the Mayors
Committee Of Women on National De
fence in City Hall Park. At 3 o'clock
Rear Admiral Usher expressed the
navy's attitude toward the nations call
for financial support in the Liberty
Theatre, in front of the New York Pub
lie Library building, and his reception
was warm.
When trading at the New York Prod
ucc Exchange ended yesterday after
noon bond selling started. After
Thomas W. Lamont, of j. ?. Morgan 4
Co., told the wheat and rye dealers why
he believed the Allies would stop the
German offensive and Nine. Louise
! Homer sang, in exquisite voice, "1he
Battle Hyman of the Republic" and
"The Star Spanglcd Banner" tho trad
crs subscribed for S2,204.700 of bonds
including the subscription from the
Corn Products Refining Company. The
quota Of the Produce Exchange Liberty
Loan Committee is S10,00O000, COM
pared with S6.OOO.oo0 in the second Lib
erty Loan campaign.
Mr.. Lamonts Plea
The first subscriber at the exchange
yesterday was Morris Rosenfcld &
( ers included Power, Son &, Co., $780,
600: Hasscr Brothers g. Co., 100000;
| Kuhn e. Walk, 100000; Battery Park
National Bank, 100000. and the Bar
Der Steamship Company, 100000.
eve are passing through the darkest
days of the war" said Mr. Lamont in
his address. After he concluded he
took a $4,000 bond for his eight year
old girl. "On many sides" he con
tinucd, ~ hear gloomy expressions. but
I believe we are now in the darkness
that comes Just before the dawn. Light
Continued on Page 6, Cot