The Public Ledger

$16,000,000
Fixed As Kentucky's Part of Liberty Loan--Estimates of Requirements
of Every Section of Country
Announced by Washington.

Washington, May 22. What every section of the country is expected to do in unloosening its purse strings for the Liberty Loan was officially announced tonight by the Treasury Department. The figures made public are the minimum. The maximum, it is hoped, will be such an oversubscription as has never before been recorded in the history of any nation.

In framing the schedule of minimum performances expected by the East, West, South and Pacific slope, treasury experts have built a structure of figures with the entire banking resources of the country as its foundation.

Coincident with the announcement of the tentative allotments, which in reality are not allotments but estimates of what each section should take--the Federal Reserve Board announced tonight that it had availed itself of the extraordinary powers vested in it by Congress and virtually had placed at the disposal of every bank in the United States, member and non-member, the powerful machinery of the reserve system to assist in making the loan an overwhelming success.

In making public its tentative allotment of bonds the Treasury Department has adopted two bases of estimating, a $2,000,000,000 issue and one of $2,500,000,000, the latter designed to meet the possibility of any one section failing to take the amount estimated.

Analysis of the tabulation shows that the three reserve districts with headquarters at Boston, New York and Philadelphia are expected to take forty-nine per cent of the loan

Minimum tentative allotments by states, estimated on the same basis, show Kentucky's approximate proportionate share is $16,000,000.