New-York tribune., 1918-05-04
Grand Total Is $2.940,644.-
400, Without Figures for
Friday and To-day's
Final Rush
Banks Will Keep
Open Till Midnight
New York District Gains
$66,574,0OO, but Is
$126,000, 900 Behind
Its Schedule

marched far beyond the minimum goal
in the third Liberty Loan and contin-
ued on their way to oversubscription
Five of the twelve federal Reserve
districts already have rolled up over
subscriptions. and FIVE others have
nine-tenths of their allotments SUBJ
scrbed.
Tabulations for the first twenty-three
days of the loan, which included the
period up to Thursday night, showed
that s2,94o, ,644,4 400 had been raised
throughout the nation, which is less
mum fixed by the government. Sub
scriptions that were filed yesterday
and which are not included in the fore
going total-were more than adequate
to carry the country as whole over its
quota.
Although to-day is the final day to
subscribe, the New York district, in
the official figures announced yesterday
in Washington, still remained next to
last in the table OF relative achieve
ments.
Banks Open Until Midnight
Subscription books close technically
at the end of business hours, but near
ly all the banks of the city, in view of
the great emergency, have agreed to
stay open until midnight to allow the
people to rise up in their financial
might and take their place among the
best of the nation instead Of the poor
est.
The national total for Thursday was
the largest of the campaign, but it is
believed it will be exceeded by yester-
days and to-day's aggregates. The
gain for the twentythird day was
$1S9, 200. These statistics show the
twelve Federal Reserve districts ran
S180,644, 400 ahead of their schedule for
the period.
In New York and the rest of the
Second Federal Reserve District the
spurt Thursday was less than that of
Wednesday. The gain for the twenty
third day was S66.574.O 900, bringing the
grand total up TO s773.550, $50. The
second Liberty Loan campaign last
October ended on the twenty third day
with total twice as large as that for
the corresponding period of this loan.
Why New York Lags
IL it had followed the schedule
necessary to reach it's unofficial goal
of $1,500,0 100000 the district should
have raised S1,380,000,00O in this time.
a tol tnr
Will have to average 224,G75 to
reach the maximum figure. And, be-
cause the district was $54 4,449,35O be-
hind the minimum schedule Thursday
night, it will have to average $63.-
z24,65O fer the two days not yet re-
ported to reach the S900,O00,000 official
goal.
Seward Prosser, president of the
Bankers Trust Company and mem
Der of the Central Liberty Loan Com
mittee IN this district, yesterday in
5,erpreted the attitude Of the campaign
leaders toward New York's prospects.
u think" Mr.. Prosser said, "New
York is coming through in e large way
IN the matter of this loan But New
York is not having the easiest time in
the world doing it. Her quota is based
on her banking capital, but the big
corporations which are doing their
odhKlng mere are distributing the
credit for their investments through
out the country. Many large de-
positors with homes in the suburbs are
paying for their subscriptions with
money in New York banks and credit
Ing them up in their home towns
There is another difficulty, too, in the
situation, and that is the payment Of
income and excess profits taxes. which
VIII presently be due"
Five Districts Oversubscribed
While New York is struggling nearly
70 points behind its quota, Minneapo-
lis, st. Louis, Kansas City, Chicago and
noston Federal Reserve districts are
credited with oversubscriptions, and
can Francisco, Dallas, Philadelphia.
richmond and Cleveland have passed
oeyond 30 per cent of their quotas.
The analysis of the New York figures
follows:
NEW YORK CITY
Subscriptions Received
Total r. c. of
Mub I'D day to date. quota,
npanh1sttan $4e.773.s5o s4ss, $50 10
ppsookiyn ..... 3,956,45o 37,273,500 %
n.ox nnaOnx ....... $4,000 2.777,o50 IS
Z iSS9sens SgAsns ....... 1Se.350 6.e71,950 1s7
s''snnond 461,600 2.022,600 1876
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