In between the drives there was a lesser drive constantly carried on among people who were not able to participate in bond buying. This was the War Savings campaign which was a part of the Government Loan enterprise. Newsboys, bootblacks, shop-girls, clerks and others who had been unable to participate in the Loan drives or who wanted to prove again their devotion to their country answered this appeal. In these savings there was collected for the country up to the date of the armistice $932,339,000 and the number of persons hoarding in small sums was far beyond a million. LIBERTY LOAN FIGURES Entire Country | | | No. of Quota |Am't Subscribed| Allotted |Subscribers First Loan |$ 2,000,000,000|$ 3,035,226,850|$ 2,000,000,000| 4,500,000 Second Loan| 3,000,000,000| 4,617,532,300| 3,808,766,150| 9,500,000 Third Loan | 3,000,000,000| 4,170,069,650| 4,170,069,650|17,000,000 Fourth Loan| 6,000,000,000| 6,993,073,250| 6,993,073,250|22,777,680 Fifth Loan | 4,500,000,000| 5,249,908,300| 4,500,000,000|12,000,000 +---------------+---------------+---------------+---------- Totals | 18,500,000,000|$24,065,810,350|$21,471,909,050|65,777,680 Federal Reserve District of New York First Loan |$ 600,000,000|$ 1,191,992,100|$ 617,831,650| 978,959 Second Loan| 900,000,000| 1,550,453,500| 1,164,366,950| 2,259,151 Third Loan | 900,000,000| 1,115,243,650| 1,115,243,650| 3,046,929 Fourth Loan| 1,800,000,000| 2,044,901,750| 2,044,901,750| 3,604,101 Fifth Loan | 1,350,000,000| 1,762,684,900| 1,318,098,450| 2,484,532 +---------------+---------------+---------------+---------- Totals |$ 5,550,000,000|$ 7,665,275,900|$ 6,260,442,450|12,373,672 BENEFITS DERIVED FROM LOAN CAMPAIGNS The benefits derived from the Loan campaigns were many. Prominent among them was the growth of thrift among the American people. The growth of this habit will be an important factor in the future greatness of this country. A lasting monument to the war spirit of those who had to stay at home is the fact that more than a million persons, men, women and children, were engaged actively in the promotion of the five loans. In other words, one person in every hundred in the United States was a part of the organization, and each induced twenty other persons in that hundred to buy bonds. This colossal force did not work in haphazard fashion nor scatter its energy but acted under a definite plan of campaign in which each had an assigned part and in which each worked according to a method that would avoid duplication or extra expense.