New-York tribune., 1918-04-09
District have already fully met their
quota.
McAdoo Puts Bon
On Dolly Reports OF
Loan Subscriptions

WASHINGTON, April S.-Estimates
of daily Liberty Loan subscriptions Will
not be given out during the campaign
by national, district or local hcaaqua1-
te,s, under instructions issued to-
night by Secretary McAdoo. Instead,
the Treasury Will gather from each
Federal Reserve Bank figures on sub.
scr:ptions actually filed with them, to-
gether with receipts from the initial
s per cent payment. ana a tabulation
Of these Will be made public each day.
Local committees may compile SINH
lar reports OF subscriptions turned into
local banks and give out tho results.
Over ong distance telephone from
Richmond, Va, whore he made his first
Liberty Loan speech on a Southern
tour, the Secretary authorized this
statements:
I'm order to remove the risk Of in
accurate information and OF oversan-
gulne and misleading estimates con-
corning the amount of subscriptions TO
the third Liberty Loan no figures will
be given out for some days, and then
only ilgureS as to the actual amount of
SUBSCRIPTIONS officially filed with the
Federal Reserve banks
Avoids Danger OF Optimism
"The danger OF relying upon optim-
site estimates and unofficial subscrip-
tions will thus be avoided.
This information viii be made pub
ne beginning at an early date, when
the department will be prepared to
give accurate figures. After The plan
has been developed the Federal Re-
serve banks will report to the Treas
Ii I)pnC = me-
scriptions actually filed, and those re-
ports will be given out daily. The Fed
eral Reserve banks will simultaneous
~ announce the amount of such sub
scrlptlons officially filed in their own
dlstrl -ts and will permit local commit
teecs to announce the amounts of sub
scriptions officially fled
ask the cooperation Of newspapers
and Llberty Loan committees through
out the country in tho policy indicat-
cd. which is OF vital importance to the
obJect we all have in mind in maxine
the Liberty Loan an UNQUALIFIED sue
cess"
Inc new arrangement renders value
less the system developed bv the Lib
cfty Loan organization, after weeks of
work, to gather from each city. town
and county at the close cf the DAVIS
soliciting an estimate of subscriptions
gathered that day.
Possibility of Duplication
officials explained that the DANCER Of
duplication, or "watering' in estimates.
even II carefully made. arises from the
1act that campaign workers report sab
scrlptions which NAV BE made PAYABLE
through a bank. This bank in t,,rn
subscribes lump sum to cover all the
subscriptions it handles. Thus PLEDGE
might be counted twice and the agrre
gate OF these dunlications might result
IN a misleading showing
By the latter part Of the week the
treasury expects to give its first Of
hcial report on subscriptions. These
are expected to be far above the frat
week of the second campaign.
FROM several cities to-day came word
that an attempt was being made to
commcrcialize the honor nar idea This
was met by warning from the Treas.
ury that the flag was being copyrighted
and can be obtained legally only from
the Liberty Loan organization. The
copyrght was obtained by j. II. Bur
ton, a New York man, who originated
the idea.
200 Communities on Honor Roll
About sixty additional communities
reported to-day thev had sunscr;hoJ
more than 200 names on the honor roll
in the two days of the campaign.
Among those reporting to-day were:
New Jersey: Florence, Rivcrton, Bur
lington County.
Pennsylvania: HAMBURG. Rerka
County
Michigan: Mt. Pleasant, Lansing.
Indiana: Huntington County, liam
mond.
Iowa: Gcrmana.
Colorado: Lincoln County.
Missouri: IIarrisonville.
Oklahoma: kingiishcr County, Coal
County
Texns: Cnrrcron County. Liberty
County, Brooks County, Smith County.
Carson County. Kleburg County, WIZ
bnrger County. Stephens County, Rusk
County, jim llogg County and Commnl
County,
California: Twcnty-scvcn towns and
one county awarded honor flags; fifty