Jasper County Democrat, Volume 20, Number 16, Rensselaer, Jasper County, 23 May 1917 — NATURE OF A LIBERTY BOND [ARTICLE]

NATURE OF A LIBERTY BOND

Provisions Made to Give the Small Buyer the Preference. There are two kinds of liberty loan bonds. Bearer bonds are to be issued in denominations of SSO, $lO 0, SSOO and $ 1,000. These bearer bonds, which are made payable to bearer, have interest coupons attached which are detached by the holder when the interest installments they represent are due, and can be cashed at any bank the same as a United States treasury note. Registered bonds are to be issued, which are registered as to both principal and interest, in denominations of SIOO, SSOO, SI,OOO, $5,000, $1 0,000, $5:0,000 and $100,000; checks for the amount of interest due will be mailed out semi-an-nually to the holders of these registered bonds. Liberty loan bonds of the first issue of $2,000,000,000 are to bear date of June 15, 1917, and to run for thirty years, except that the government reserves the right to pay them fifteen years after date. If this right is not exercised by the government fifteen years from date the bonds will run the full thirty years. One especial advantage no other bonds, national, state, municipal, or corporate, have is that if the United States during the continuance of this war shall issue other bonds at a higher rate of interest, the holders of these liberty bonds have the right to exchange their liberty bonds for bonds bearing the higher rate of interest, dollar for dollar. They are non-taxable. If your city, county and state taxes are

three mills on the dollar, a not Unusual tax, these bonds are equivalent to ordinary corporate bonds or dther' anvestments bearing 614 per cent. In addition, no federal tax which war conditions may later make necessary will affect these bonds. The .only tax these bonds are subject to is the inheritance tax, which applies to all property of all. kinds whatsoBlank forms of application for the purchase of these bonds can be obtained from the treasury department, any'federal reserve bank, anv national, state or private bank, any express office, 1 and any post office in the United States. Any bank or postmaster will aid applicant in filling out his blank and the other acts necessarv to <>bia;n Uh-m- bonds. 1