Abstract

Editorials
November 1, 1917 issue

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The immense success of the second Liberty Loan-- for, in spite of what has been said of the "five-billion goal," the fact remains that only $3,000,000,000 was definitely asked for by the Treasury and that everything in excess of that is oversubscription-adds a highly interesting chapter to the story of war finance. Both the 50 per cent. oversubscribed war loan of June 1917 and this subsequent achievement will always remain outstanding landmarks in the present war's history. That no European loan during the war has been oversubscribed at all is well enough known.

See Also:

LOANS; SUCCESS; FINANCE; WAR; HISTORY; ECONOMICS
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