The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-04-27
ST. LOUIS IN THE LEAD
Reaches Thirty Per Cent.
of Quota; Chicago Is
Ranking Second.
TO PROSECUTE SCALPERS
Federal Department TAX
ing Steps to Land the
Fake Buyers.

WASlllNGTON, April 90, - The
nations total Victory Liberty loan
subscriptions tonight stood at s7O5.-
623 100, the officially recognized ro-
suit or five days OF campaigning,
Little OF tOday's business found it's
way into the figures rs given out
tonight by the treasury
At the close OF the first week OF
the fourth Liberty loan campaign.
the time corresponding TO tonight in
the Victory loan drive. subscriptions
OF iS55.i33, 900 had been rolled up
$3.50 600 600 more than has been
subscribed this week since tho
fourth loan was larger than the cur
rent issue. the percentage at the end
OF its first week was I,25. whereas
1868 per cent of the Victory loan
has been subscribed.
81 Louis hrads.
The ST Louis district stands first
In tho percentage column with 20
per cent OF its quota already CUB
scribcd and covered with initial in
Btallment payments. Tho Chicago
district ranks second and Hoston
third. In volume of sales New York
has $3.50 900. 00e, the largest sum.
while Chicago has .i5b,33s00O
Subscriptions by districts are M
follows:
St Louis. s5s.5i6.Ooo. Chicago.
fl55. .37S 900. Boston, Ss0,312,OO0;
Richmond t32 .391 900; Minneapolis,
f24.OSS,O00; Cleveland, t63,9S5, 900 :,
Philadelphia. $50. 0.5i7 900; New York.
s1s0,OO0 900. Kansas city. s25.4S6,-
600; Dallas. t7.5iO,O0O. san Fran
cisco. i24,0iO.0OO, Atlanta, s4.3T5,-
900.
Investigate SCnlpcrs.
II developed today that several
government agencies, including tho
department OF Justice. the federal
trade commission and the treasury.
have taken steps looking to invcsti-
cation OF reports that Liberty bond
"scalpcrs" nrc doiffESn thriving bust
ness in many localities by buying IN
bonds Of past Issues at very low
prices. Bhcsc bond brokers II has
be$h reported. urrc persons to sell
bonds hlSctdy bought and To sub
scribe for tn" new ISSUE Of Liberty
notes. =
In soihc cases amateur brokers
have paid as little AS $40 and I'm
some cases $50 for 800 bonds, nj
though the markets for all past is
sues are above 500
The invcstlgRtion has hecn under
taken TO ascertain whether buyers
NJ these bonds have misrcpresentcd
tho market value In an effort 90
lowcr the buying price. Newspapers
were urged again 10 publish in prom
iucnt position the market quotations
for bonds " past issues, Rs tclc-
ErUphed to them daily, 10 prevent
small bond owners from being
mulctcd OF their savings.
M Licenses Issued
Other reports 10 the treasury are
To the effect that bond buyers I'm
large cities advertise that they have
been licensed by tho government
u buy Liberty bonds" Officials to.
day explained that no. brokers have
been licensed by the government 10
buy bonds and that no formal 70
striCtious arc imposed by the treas
urv In several cities men have cs
tabished what they cali Liberty
bond exchanges" offering to. ~.
l.ibcrty bonds In exchange for cheap
icwclrv or other merchandise and
20 puy n Olsh balance.
Prevention ~ fraud or ~ sharp
practices I'm thGs" cases rests largely
with local lIbertTloan committees.
II is stated. since often grounds can
not he found Tor prosecution under
federal laws