Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-04-26

Liberty Day was marked today with
the cheering statement that Philadel-
phia and the Third Federal Reserve
District in all probability has come close
to completing its quota in the third
Liberty Loan.
This statement was made by officials
Of the Federal Reserve bank and OF
the Liberty Loan committee. Phila-
delphia banks are very conservative,
they pointed out, and despite an cf-
fort to have all subscriptions reported,
most of the local banks have reported
only those upon which first payment
has been made
Onicial figures are reported on the re-
turns received by the Federal Reserve
bank. The total yesterday showed only
IS per cent Of the quota Of this dis
trict subscribed. As an example Of the
misleading character Of the returns. a
Federal Reserve bank official said that
one local bank had received over $1,000
600 in subscriptions, but has reported
only $4,000, 900 TO the bank.
I'VE have tried to get all the banks TO
report their total OF subscriptions re-
ceived.' this same official said. we
want to get the matter on uniform
basis. However, Philadelphia still
sticks to its conservatism. The largest
number of banks have refused to report
subscriptions until the contract entered
into by the purchaser Is binding. 1t is
not binding until there has been some
consideration.
''The result Is that but few subscrip-
tions on which a first payment has not
been made are reported. Philadelphia
does not appear near the top of the list
issued daily from Washington giving the
returns from the twelve Federal Reserve
districts merely on account Of this Phila-
delphia conservatism"
oyersubsCription Predicted
One of the Liberty Loan officials to.
day said that the loan would be more
than 20 per cent oversubscribed. He
believes that the total for the country
now Is far over the three billion mark
and that the oversubscriptiou will reach
close to $4,000, ,00O, 900 Philadelphia will
20 far over the top in the last rush Of
the campaign, he said. The intimation
is that many large subscriptions will be
announcedw in the last few days It
Is expected that Philadelphia will jump
from its present position near the end
OF the reserve districts to the leadership
OF the country.
A meeting of the doctors Of the city,
under the leadership Of Major W. ".
Keen, will be held this evening in the
ballroom OF the Bellevue-Stratford Hotel,
Arrangements have been made for an
overflow meeting in the Glover room.
The committee points out that the
Government figures each doctor 10 be
worth $40 men in other branches Of the
service. This city has sent Sl4 doctors
to the front, they say, which totals 252.-
900 men at this valuation. There will
be a number OF stirring addresses by
prominent physicians.
Poor Richards Parade
At 1880 o'clock the members Of the
Poor Richard Club left their home in a
body, and preceded by the Great Lakes
Band, marched to the Liberty Loan
statue and bought bonds \ member
dressed as Benjamin Franklin led the
way
With President Wilson's ringing APP
peal for the observance Of the day tug
ging at their hearts, and with the burn
ing words OF former President Taft
lingering vividy in their memories,
Philadelphia Liberty Loan workers arose
today with a grim determination 10 ex-
pend the last ounce Of energy needed
to bring this city up 10 its rightful place
among the Federal Reserve centers OF
tho nation in the great race for patriotic
honors
Liberty Day is really the beginning
of two days celebration, which Is re-
lied upon to arouse the latent enthusi-
asm OF the people of the district and
bring them 10 a realization Of the vital
necessity OF oversubseribing their quota.