Jasper County Democrat, Volume 21, Number 75, Rensselaer, Jasper County, 18 December 1918 — COST OF FLOATING LOANS [ARTICLE]

COST OF FLOATING LOANS

U. S. Paid $29,732,767 to Raise $17,797,227,853 War Funds. Washington, Dec, 17.—1 t cost the government twenty-nine and threequarters millions of dollars to raise seventeen and three-quarters billions of dollars through the four Liberty loans and War Savings stamps. These figures were made public when the house committee on expenditures in the treasury department gave out the report ot Secretary McAdoo. The exact figures are: Cost, $29,782,767: amount raised, including WaT Savings stamps subscriptions to November 1, $17,797,227,853. The cost of the War Savings stamp work was $4,459,990, which produced $834,253,213 in subscriptions. The Liberty loan expenses aggregated the total loan subscriptions being $16,962,974,640. The cost of floating the loans increased with each campaign. The expenditures of the first loan totaled $2,762,536; second loan, $5,539,062; third, $8,293,519; fourth, $8,727,658.