New-York tribune., 1919-04-21
Many T0wns Striuing
To Raise Quota To-day

WASHINGTON, April 20. House to
house canvassing methods will be en-
ployed by many communities to-mor-
row in an effort to raise their quotas
for the Victory Liberty Loan on the
opening day, and to leave the re-
mainder of the three weeks for pling
up oversub scriptions. This method.
developed to a highly perfected state
by hundred or more cities and towns
during the Fourth Loan campaign, has
been adopted by many more loan
organizations for the Victory drive,
and canvassng committees have been
drilled and organized for the intensive
efforts tomorrow.
Since oversubscriptions to the loan
are to be rejected there would be no
special purpose IN any community's
some may not reach their quotas.
Reports to the Treasury to-day were
uniformly to the effect that prospects
for raising the huge loan of S4,50O,-
000,0O were bright, and that prepara-
tons had been made to push the work
to the utmost during the first week or
ten days. Many cities hello .oan demon
strations to-day, although subscrip-
tions will not be received formally
until tomorrow. Ry the middle or
latter part of the week the Treasury
on the volume Of pledges. These re
ports, however, will run three or four
days behind the actual progress made.
Agencies Aiding Drive
In the official circular describing the
loan, issued to-day by the Treasury, it
VAS explained that although the Fed
eral keserye Banks are the only recog
m2ed otliclal agencies fer subscriptions
To the loan, the Secretary of the Treas
Ury appreciates the efforts of unofficial
agehVieA,
Large numhers Of national hanks,
etate hhnha and trust companiea, ia
NcAtment hanketa, eNpresa eompanien,
newspapers, department Htorea, and
other corporations, firms and other or.
ganiaations." SAID the Circular "havo
patriotcally offered to receive and
transmit applications for the nutes
without expense to tho nppicnnts The
Secretary of tho Treasury appreciates
the value of these offers and will have
application blanks widely Distributed
through the Federal Reserve Banks, to
these institutions throughout the coun-
try. Subscribers agencies must trans
NIT or cover by their own subscriptions
all applications received by them. In
the latter case they must specify the
number of subscribers and the agGrc-
gate amount of notes subscribed for by
each, and furnish such further informa-
ton as may be prescribed by the Sec
sretary of the Treasury
'No commissions will be paid upon
subscriptions and those who receive
and transmit applications are there
fore rendering the service to sub
scribers as a patriotic duty. Only the
Federal Reserve Banks are authorized
to act as fiscal agents Of the United
States in connection with the opera
tions of selling and delivering notes of
the Victory Liberty Loan"
Individual subscriptions for amounts
up to 900 are to be allotted in full,
but those over that amount are subjec
to pairing down in case the loan is
oversubscribcd. Warning was given in
the circular to-day that II any inter
ests split up their subscriptions into
several of $4,000 or less, the Treasury
reserves the right to- combine these
subscriptions and make the allotment
on the aggregate. Allotments will be
made before June g.
"Applications must be accompanied
amount of notes applied for said the
circular. NO payment other than the
10 per cent required upon application
should accompany any application for
an aggregate amount Of notes in excess
of $l00 600 Applications for an aggre-
gate amount of notes not in excess of
$4,000 may, at the option of the sub
scriber, be accompanied by payment in
full, at face value without interest.
"Thc subscriber should indicate on
the application blank whether coupon
notes or registered notes are desired
If no preference is indicated either
coupon notes or registered notes NAV
be delivered. All applications will be
deemed to be for notes OF the 4a4
series except applications specifying
notes of the 3% series, but the sub
scribcr may, nevertheless, at any time
before completion of payment, by no.
tice in writing elect to receive notes
of either series in the first instance.
The circular discloses that the right
is reserved by the Secretary of the
Treasury to close the books for accep-
tance of subscriptions at any time be =
fore the end of the campaign, if the
rate of subscriptions should warrant
this.
Announcement that the trade unions
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