Evening star., 1944-08-01
Fifth War Loan Drive
Declared Outstanding
Success by Reilly
lost-Minute Reports Boost
Sales to $l48, ,760, 900
Or l39 Per Cent Of Quote

The Fifth War Loan campaign
which ended last night, was charac-
terized today as an outstanding
success by John A. Reilly, chairman
of the District War Finance Com
mittee. who said that last-minute
reports boosted the total sales to
$148, ,760, 900, or 139 per cent Of the
SLOT 900 900 quota.
Serte E bonds had Jagged in sales
during the final weeks OF the drive,
but last-minute squirt put them
over the top of their $34 4,000, 900
quota by at least 1000. Mr.. Reilly
said,
He characterized the campaign as
highly successful and paid tribute
to the $4,000 volunteer workers
whose Efforts, he said, were respon-
sible for the huge sales.
Pays Tribute to Citizenry.
He also paid tribute to the pa
triotism and integrity of our citi-
zens who have come through in fly
ing colors in this. the largest war
financing campaign ever conducted
In the Nations Capital"
Mr.. Reilly said the final results
probably would be considerably
higher. as the Federal Reserve Bank
In Richmond has until next Satur-
day to complete tabulations OF all
bond sales made up to close OF busi-
ness yesterday.
Success of the Series Els will be
encouraging to our fighting forces, 4"
Mr.. Reilly said, "as the purchase of
these Bonds was the one direct way
the folks back home could express
to the fighting men the solidity of
the home front. And from the in
f1ationary point of view these E
sales have a tremendous Importance.
Backlog Of Savings.
Not only do they represent
spendable money" he said, "scooped
out OF trade channels that would
otherwise exert pressure on price
controls, but equally important they
provide a backlog of savings that
well may come in handy for many
investors when postwar reconver-
SiOa Is SIarteQ.
Mr.. Reilly said the only disap-
pointment in the campaign was the
sale of bonds other than Series E's
to individuals. Sales in this classi-
fication are $l9, ,400. 900, compared to
the $27 100000 quota for sales to in
dividuals other than e bonds. The
latter sales are included in the $53,-
460 900 reported for individuals.
Sales reported up to last night
were as follows> Overall, $l48, ,76O,-
900, or l39 per cent of the SLOT OO0,-
900 quota; individuals, So, $50 900, or
81 per cent Of the SCI ,000, 900 quota :;
corporations, sos 800, coo, or 207.l per
cent Of the $46, ,000, 900 quota, and
Series E Bonds, $34, ,060, 900, or $780,
900 over the $4,000, 900 quota.
Federal employees of the District
were expected to increase their last
reported sales of $40 500. 900 when
the final count Is made. The Quota
Tor this group was $4,000 600.
BALTIMORE. Aug. / lP).--Execu-
tive Manager Walter N. Ruth of
the Maryland War Finance Com
mittee reported yesterday that the
Free State, its Fifth War Loan
quota oversubscribed by l82. per
cent, stood a fine chance" to place
second nationally in oversubscrip-
ton percentage.
He placed Maryland sales at
SAILS zoe, 900 and said that total tab
ulations would be ready shortly.
West Virginia led the Nation with
l89 per cent of its quota and Georgia
was second with l80 per cent at
the time the last Richmond Reserve
Bank figures were released.