The Liberty Loans.

COMMENT

The subscribers to the Liberty Loans have purchased for the War Department over $4,000,000,000, of ordnance--$1,000,000,000 was spent for artillery; $300,000,000 for automatic rifles; $100,000,000 for small arms; nearly $2,000,000,000 for artillery amunition and $340,000,000 for small arms ammunition; $100,000,000 was spent for armored motor cars.

It is estimated that $7,000,000,000 will be spent by the Ordnance Department this current year.

Treasury Department--Bureau of Publicity.