June 12, 1917
MEDFORD SHY $64,000 BONDS LIBERTY LOAN
With only two days remaining Medford and Jackson county as a whole are approximately forty percent behind their allotment of subscriptions of Liberty bonds, according to reasonably accurate estimates made by William G. Tait, president of the First National bank, on Tuesday afternoon.
As is probably generally known, the treasury department based its proportions of the Liberty loan bonds on six percent of a county's or city's total banking resources, as disclosed by the last published bank statement.
Under this method of calculation, Jackson county's share is six percent of $5,000,000, or $300,000. Medford's allotment by the same process, is $160,000 — slightly over half for the entire county — based on banking resources of its four banks, of $2,717,000.
At three o'clock Tuesday afternoon only about $96,000 had be subscribed in Medford, and slightly less than $148,000 worth of the bonds had been bought in Jackson county, including Medford. This is a percentage of approximately sixty percent of the Liberty bonds purchased, and of about forty percent still unpurchased.
According to law, subscriptions must be received in time to be wired, and the money transferred by telegraph in time to reach the "mother" bank of the Twelfth federal reserve district at San Francisco, by 12 o'clock noon on Friday, June 8.
The four Medford banks are reported to have subscribed liberally, as institutions, to the bonds.
Ashland was asked to subscribe $85,000 and Monday $55,000 had been taken, leaving $30,000 yet to be subscribed.
B. B. Beekman, Carrie E. Beekman, and Julia E. Beekman, well known residents of Jacksonville, have subscribed for $5,000 each to Portland's allotments of the liberty loan bonds, according to a list published in a Portland newspaper.