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Show For the Third Time Within Twelve Months the American People Oversubscribe the War Loan of Government. TOTAL MAY REACH FOUR BILLIONS Official Reports Show $3,203,655,400, However How-ever Only a Small Proportion Pro-portion of Last Day Hedges Are Included. WASHINGTON, May 4. For the thin time within a year the American Tropic have heavily oversubscribed a war credit. As the third Liberty loan was closing tonight, the treasury announced the campaign cam-paign had been ( ' an overwhelming success." suc-cess." Although $3,000,000,000 was the formal goal of the campaign, official reports, including only a small proportion propor-tion of today 's avalanche of pledges, showed the total as $3,203,655,400, and there were indications that the aggregate aggre-gate would bo increased to nearly $4,000,000,000 next week, when banks have timo to tabulate the multitude of last minute applications. The exact result of the campaign probably will not be known until late in tho week. LONG LIST OF BOND BUYERS. Official estimates placed the number" of subscribers at between 12,000,000 and 15.000,000, far abovo the '10,000,000 of the second loan or -1,500,000 of the first and some officials expressed the belief that tho roll of bond buyers would be even greater. To them this was ono of the most encouraging features fea-tures of the loan. All twelve federal reserve districts, . which were the largest eajnpaign units, oversubscribed, and a majority of the -states made the same record. Delaware irvibled its quota. Bond selling continued actively in many cities up to a late hour tonight, and banks stayed open in a final effort to roll up more subscriptions than tho $4,616,000,000 of the second Liberty loan last October. SUCCESS DUE TO SMALL BUYERS. Messages reaching Washington tonight to-night indicated, however, that the big subscriptions from corporations and business Interests which were features of the tBt hours of the second campaign, cam-paign, were lacking, owing to the imminence im-minence of income and excess profits tax-paying time in June, when more than $3,000,000,000 in war levies will have to be paid to the government. The success of the campaign, even without big individual subscriptions, demonstrated demon-strated that the loan was "popular," and that bonds will be widely distrib-i distrib-i utcd among all classes and localities. The headquarters review tonight described de-scribed the fiual roundup in New York as "probably the mod. striking feature of the last day's campaigu. " With in a few hours $129,000,000 subscriptions were recorded, sending the city and state of New York over their quota. The figures of $3,232,655,400, offi-0y offi-0y recorded by the treasury, cov-ei cov-ei business up to 3 o'clock yesterday afternoon for all districts except Xew York, which reported at 4 o'clock this afternoon, and Boston and Philadel- (Contlnued on Page Thieo.) FIFTEEN MILLION CITIZE1S BUY BIDS (Continued from Page One.) phia, which reported at 11 o'clock this morning. IMPOSSIBLE TO ESTIMATE AMOUNT. "It is impossible to estimate the amount of subscriptions taken in the various districts dis-tricts up to the close of business tonight," said the headquarters statement, "but the volume doubtless will show a substantial increase over these latest official figures." The treasury did not venture any guess concerning the eventual proportions of the loan. Official figures by districts, incomplete and failing to show the Richmond. Cleveland Cleve-land and Atlanta districts over the top, were announced as follows: District Subscription. Pet Minneapolis $140,026, S00 133 St. Louis 173,475.500 133 Kansas City 162,765,300 125 Boston 284,248.90 113 Philadelphia 275,806.400 110 Chicago 371,253.100 110 Dallas 84,242,300 105 San Francisco 214,453.600 10'' New York 912,500,100 101 Richmond 128.111,950 9S Cleveland 284.732,750 94 Atlanta 73.03S.700 80 The Atlanta district, which has been at the bottom of the percentage column since the campaign started, April 6, nt this word tonight: "Sales reported from all parts bf the district indicate that the quota may be exceeded by more than X per cent. We beHeve that practically every county and community will go over the top." Many States Pass Goal A 33 per cent oversubscription was hoped for by the New England district managers. Every state in the district passed its goal this afternoon. The Philadelphia district' success was celebrated tonight in Philadelphia with bands and a chorus of bells and whistles when the honor flag was hoisted from the Liberty loan statue at the city hall. A telephone message from the Richmond Rich-mond district headquarters tonight said $135,814,000 subscriptions were In hand and $150,000,000 was expected before midnight Maryland had subscribed $41,000 000 against a quota of $38,000,000, and committees com-mittees were striving to reach $45,000,000. On the streets of Washington tonight riond selling continued actively, although Ihe city had already gone far over its quota. Scores of motor trucks were pressed into service as platforms for speakers. Naval Subscriptions. Up to 3 o'clock this afternoon subscriptions sub-scriptions in the navy totaled $14,608,-15U, $14,608,-15U, with every indication that the $15,-000,000 $15,-000,000 soon would be reached. The Panama canal zone committee reported that it had received subscriptions subscrip-tions of $1,037,450, of which $909,050 were from employees of the Panama canal and railroad. Mrs. Antoinette Funk, vice chairman of the national women's Liberty loan committee, today announced the committee com-mittee expected to turn in $750,000,000 subscriptions. |