Evening journal., 1918-05-06
Il 100000 BUYERS
OF The Third loan
McAdoo Calls Issue Most
Successful Ever Floated
by Any Nation
TOTAL WILL EXCEED
FOUR BILLION MARK

WASHINGTON. May 6-Ihe treasury
nsnartment estimated last night that I
approxlmately 100000 persons SUD
/ scribed 70 the third Liberty Loan
This estimate was hased on prelim-
inarv reports from Federal reserve as
iricts received late Saturday only
few additional reports of susoscrip-
uons were received at the treasury
bringing the total 10 s33i662s'2ol
BOND selling did not end until ~
O'Clock Saturday night, but reports AZ
the Treasury covered only subscrlp,
tions oflclally received at the Feueral
reserve banks early saturua! ~
oelcial report will not be available Tor
= Ten davs or two weeks as the Federal
reserve banks have until May iS 10
, make their nnal reports 70 Washing
4 ton.
I Secretary NJ the Treasury McAdoo
J. has congratulated the nation on the
u result Of the campaign He declared
= Inc primary duty OF every subscriDer
now Is 10 hold his bond az least until
'o Inc end OF the war and he urged the
adoption Of keep your Liberty BOND
as a national slogan. 90 aid the govern
" ment In It's financial problems.
~ ~ INCORPORATED banks and trust com
III nanies will make their fnal reports "a
ihe Federal Reserve banks on May 2
y, and four days lster the Federal Reserve
~, hanks will report 10 the Treasury De
~, nortment As soon as possible there
after the anal totals Will be mao
NJ public. 49,, A.. ,o.
iust closed probably ls the most sue
.ss cessful ever noated by any natioi
analysis OF the incomplete return
q, show" the Treasury Department state
- .rhis assertion Is BASED not 50 muc
me upon the volume OF sales as upon W
OK wide distribution OF the losn. A u
ses tai OF the returns provided by the re-
mis-. eral Reserve districts indicated that a.
,rt proximately 100000 individual pu
ton ehasers participated IN the loan. tn
, IN estimate included fairly accurate 7
A turns from the Atlanta, Minneapoi
are Cleveland. san Francisco, ~. Lou
Chicago and New York districts ano
tlmated totals from the Dallas hsns
CITY. Richmond, Philadelphia ana 81
sid ton districts.
srol sro The marvellous distribution OF
.erno third Liberty Loan indicates ihai
here out OF every six persons III ule "a
~, States may have participated IN 7
nsl, loan II Is estimated that 2OUO.
%nueu % srhscribers would have been requt
INNS An have attained one subscription
go esrh family IN the United States. Ih
> l. were A.5OOO0O subscribers To- the !
own' Liberty Loan and approximately W
49, 49, 900 20 the second loan.
lseph This record Of sales Distribution
the cause for lubilatlon among LID
LEM Loan executives. 10 was taken as au
evidence that the third Liberty l.
Nana- had been in fact a peoples ioan
that banking institutions had been
Ora "a unon 10 assume a smaller sh ar
The burden OF the third Liberty
on. than any war loan yet noated'
II lm- shown the banks have been kept u
VII uired and that the Wide olsNip'
means a minimum Of financial usp
rnsut on account OF the loan
B. Even though the volume OF aales
"a for ably Will not reach the tolal OF lne
m the ond Liberty Loan, the genera y
after OF the third loan are far HoIe ~. ~.
no has 10 Treasury Department onlVlais ,Nl..
he i'm considering The fact that the loan
nromi- at n time when the country u
H., -, cslisd upon 10 raise billions In IN
tsves and exeess-prOflts taxes. IN
s,,its are considered remarkable
low re- not denied that the Income taAe
. with 1,,lrements greatly curialled sub
as far fions IN The large financial centeri
nd she other Important fact to be taken
anne IN consideration IS that the Ireasur
abouts. partment had indicated It would
10 him. ouly half the oversubscriptions
second Liberty Loan, whereas u n
reason served the right TO accept al
,r ask oyersubscrlptions to the third.
r Mrs. One OF the most pleasing resu
ogether the third loan Is the wide distril
arsilon, among farmers. The agricultural
he has generally were the frst states 70
/. John iheir quotas. The entire section
litioner. United states west OF the MISS
stand 90 river had became honor terrific
and a fore the closing day. The oohleN
ls considered all the more reIla rl
resented In view OF the fact that inls loal
divorce AZ the time Of the year when !
ground borrow money rather than ieno
Ne were results OF the third loan inaleau
ch. here nifcent participation by farmers
ct while fourth loau II Il should come auF
med her harvest season.
iding a