The sun., 1919-05-11
LIBERTY LOAN
OYER A BILLION
BEYOND LIMIT
New York District Goes
Over Top With Many
Millions to Spare.
BROOKLYN 1874 PER CENT.
Exact Figures Not Expected
Before May 20-victory
Ship Arrives Here.
BROOKLYN 1874 PER CENT.

The Victory Liberty Loan has gone
over the top handsomely and with
considerable margin to spare, as THE
SUN announced yesterday. Complete
returns were not available last night,
but the unofficial figure reported for
the entire country at o'clock yester-
day afternoon was $3,S49, ,63S, 900.
Many million dollars Of subscriptions
known to have been reported to the
Federal Reserve Banks in the twelve
districts are not included In the total
and the complete record Of the coun-
try's contribution to the loan may not
be known until final reports are SUBJ
mitted to the Treasury Department on
May 20.
At 5:15 yesterday afternoon Carter
Glass, Secretary Of the Treasury,
issued this statement:
Unofficial advices from the several
districts indicate that without any
doubt the Victory Liberty Loan is al
ready largely oversubscribed."
Benjamin Strong. chairman of the
Libery Loan Committee Of the Sec
ond Federal Reserve District, issued
the following statement:
THE Second Federal Reserve District
has exceeded It's quota To what ex-
tend there has been an excess Of sub
scription over the quota cannot at this
time be ascertained, nor In fact until
the hnal tabulation is made on May 20.
There can be no doubt. however. that
New York city and the remainder of
the district have responded to the call
OF the Government to finish the Job Of
paying all the war bills-the cost of VIC
tory.
"At no time since the war began have
the Liberty Loan workers been called
and at no time have they done their
work so thoroughly and as splendidly.'
New York District Passes Goal.
Ohicial figures yesterday afternoon
showed that New York city had sub
scribed 1897 per cent. of its quota. The
New York district. comprising the entire
State. half of New Jersey and Fairfield
county. Connecticut, was slightly below
this figure. but unrecorded subscriptions
are expected to bring the total well
above the 100 per cent. mark.
Brooklyn leads all the other boroughs
Of the city with a grand total. officially
reported. OF Ss0.627.2o0, or 1874 per cent.
Of It's quota. Richmond came from be-
hind and went under the wire yesterday
with 113 per cent. of what was asked of
the borough while Manhattan stood
third with slightly more than 102 per
cent Complete figures may alter these
ratings, just as they may change the
standing Of any OF several Of the twelve
Federal Reserve districts.
The figures for the entire New York
district were not as great as were in
dicsted twenty-four hours ago. and the
district slipped back from second to
fourth position on the basis of returns
to the Treasury Department last night.
The rainstorm that swept the city yes
te-day doubtless reacted upon the days
results, but officials said yesterday after
noon that nothing would be lost In sub
scrIptions on this account In every
previous loan II had taken anywhere
between two to five days to tabulate the
total subscriptions. including those made
before but not received at headquarters
after the days totals were made up.
None of yesterdays gains was included
in the total OF ss.s4s.63s.00O officially
reported last night by the Treasury De-
partment and the final figures are likely
to be far In excess OF the total OF $780,
900, 900 asked. Some officials estimated
last night that the total would be little
short OF $4,000, ,000.00 All over sub
scriptions in amounts Of $4,000 or less
will be accepted.
Victory Destroyer Arrives Here.
The close of the Fifth Liberty Loan
campaign was signalized by the arrival
in New York harbor of the u. S. s.
Calhoun from San Francisco. After
having held to a sustained speed OF IS
knots for 70 hours. making her way in
correspondence with the progress of the
loan, she steamed past the Statue OF
Liberty at 8 o'clock yesterday afternoon
and anchored in the North River or
Ninety sixth street at 4:45.
The Calhoun pulled out Of the Golden
Gate on the opening day OF the loan
drive and voyaged down the Pacific
Coast. through the Panama Canal and
up tho Atlantic coast to New York. She
had anchored OF Sandy Hook at noon
but awaited a wireless from the Navy
Department announcing that the loan
had been subscribed before making tho
victory harbor.
Rear Admiral Cowles, in charge of
the Navy Departments loan activities.
issued this statement yesterday on the
arrival OF the destroyer:
'While Official figures are not yet
complete there Is every evidence that
the Victory Liberty Loan is oversub-
-