Evening Republican, Volume 22, Number 112, Rensselaer, Jasper County, 13 May 1919 — LOAN GOES OVER WITH BANG [ARTICLE]

LOAN GOES OVER WITH BANG

SMALL BUYERS RESPONSIBLE FOR HUGE TOTAL SUBSCRIBED. WASHINGTON, May 11.—Fifteen million Americans bought Victory Liberty notes in the campaign which closed last night, according to estimates received today by the treasury from federal reserve bands. This compares with about 21,000,000 purchasers in the fourth loan, 17,000,000 in the third, 9,400,000 in the second and 4,000,000 in the first. iA few additional reports of subscriptions came intoday but no attempt was made to tabulate them, and the treasury announced that the official total probably would not be known before May 26. The total as compiled still stood at $3,849,000,000, but late reports emphasized the earlier indications that the loan had been heavily oversubscribed. Banks will have until May 20 to report their subscriptions to federal reserve banks, and the federal reserve - banks will report to the treasury by May 24. “Reports from all districts indicate that in practically the entire country the quota was taken without material assistance from the banks,” said a treasury announcement. Federal reserve district committees estimated the number of subscribers in their territories as follows :

Minneapolis, 1,000,000; Chicago, 1,200,000; Cleveland, 1,560,000; Boston, 940,000; Philadelphia, 1,500,000; San Francisco, 800,000; Kansas City, 906,000. The other districts could not estimate accurately their subscribers, but based on the reduced totals as compared with the fourth loan, the remaining five districts should produce enough additional individual subscribers to bring the total up to fifteen millions, the treasury announced. Unofficial advices from the Atlanta, San Francisco and Dallas district, all of which had lagged, indicated that although there was ns ■large oversubscription, all probably reached their quota. The Chicago. district estimated its total at more than $745,000,000, of which the city of Chicago subscribed about $240,000,000 without the aid of its banks. Illinois outside of Chicago, subscribed $85,000,000; lowa, $112,000,000; Michigan, $143,000,000; thta part of Indiana in the Chicago district, $82,000,000; that part of Wisconsin in the Chicago district, : $83,000,000. I The latest figures from the Cleveland district gave a total of $470,- | 400,000, about $20,000,000 in excess of the quota. Every county in the 'district is believed to have exceeded its quota. The Kansas City district reported a total of $155,480,150 by states as follows: Colorado, $28,870,150; Kansas, $37,500,150; Northwestern Missouri, $28,480,300; Nebraska, $26,130,100; New Mexico, $799,800; part of Oklahoma, $29,499,050; Wyoming, $4,200,600. It was explained that figures given out in many cities were in excess of those reported here. Atlanta estimated that every state in that district would reach its quota. Florida, Mississippi and Tennessee were all safely over and it was expected that delayed reports would put Alabama and Georgia safely over. Tennessee led the states of that district in over-subscriptions. The last total reported from the Philadelphia, district was $400,000,°°o.