The Tupelo journal., 1917-10-19
They Are as Good az Goid-May BE
Used to Pay Grocer's Bill.

ton, the number. the date Of issue, tho
signature Of w. G. McAdoo. Secretary
of the Treasury; Houston B. Teehee.
Register of the Treasurer; a portrait
of Thomas Jefferson, an etching of
the Goddess Of Liberty statue and the
seal of the United States. The re-
verse side Is printed in sepia. bearing
an etching OF the American Eagle, the
Goddess of Liberty, the bond number,
the denomination, the date of matur-
ity and the interest dates. Bound
thereto are 60 coupons, payable each
June and December for 80 years.
Liberty Loan bonds are exempt from
all taxes except Inheritance tax. They
are liquid investment and can be con-
verted into cash at any time, or may
be used to pay the grocer's bill, the
dressmaker's bill, or milady may pay
for her new bonnet with a Liberty
Bond; that is, provided she has shown
her patriotism by buying one.
in all other respects, except that the
bonds issued upon such conversion
shall have the same dates of maturity
of principal, and of interest, and be
subject to the same terms of redemp-
ton before maturity, as the bonds
converted; and such bonds shall be is
sued from time to time if and when
and to the extent that the privileges
of conversion SO conferred shall arise
and shall be exercised.
IF the privilege of conversion so
conferred shall once arise, and shall
not be exercised with respect to any
bonds OF the present series within the
period above prescribed, then such
privileges shall terminate as to such
bonds and shall not arise again,
though thereafter bonds be issued
bearing interest at a higher rate or
rates than A per cent per annum
Subscription for the bonds must
reach the Treasury Department,
Washington, D. c., a Federal reserve
bank or branch thereof or some In
corporated bank or trust company in
the United States mot including out
= Aho otlo pOooCSolO1oJ ol
or before the close of business Oct. 81,
1917. The application must be accom-
panied by a payment of 2 per cent of
the amount applied for and subse-
quent installments upon bonds allot-
ted will be due as follows:
Eighteen per cent on Nov. Is,
1917; 40 per cent on Dec. Is, 1917; 40
per cen on Jan. Is, 1918. On the lat
ter date accrued interest on the de-
ferred installments also will be pay
able.
Il am very glad to be able to an
nounce that by authorizing the en-
craving of these bonds with only four
coupons attached instead of the full
number of so coupons it will be pos
sible to have the actual bonds ready
for delivery as soon as full payments
are completed, thus avoiding the trou-
bic and delay incident to the issuance
of interim receipts or temporary
bonds. On and after Nov. Is, 1919,
the holders of the bonds will have op-
p%ortunity to exchange them for
bonds having attached thereto cou-
pons for the balance Of the period for
which the bonds will III
Immediate Delivery.
1T is also expected that on or about
Oct. 10, 1917, there will be in the
hands of the several Reserve banks a
supply of these new bonds ready for
immediate delivery to subscribers in
mounts not in excess of 81 900 to any
enc subscriber against payment in
full, thereby avoiding, in such cases.
the trouble incident to waiting until
after allotment for delivery.
plans are also being perfected
whereby the banks all owe the u
Try can obtain bonds for the making
OF prompt delivery against these
small subscriptions. AS the bonds
will bear interest from Nov. Is. and
as those who pay in full prior to that
time will not obtain any interest on
their money until that date, this is
offered as an alternative proposition
TO those who are anxious to obtain
immediate possession of the bonds Tor
which they subscribe. The reason this
offer will be limited to amounts OF not
over 81, 900 to any n subscriber Ia
that all subscriptions in excess OF this
amount will be subject to allotment.
.'The campaign for the sale Of these
tonds will open Monday, Oct. l, and
will close Saturday, Oct. q. conf
IDENTIFY hope that when the campaign Is
wei it will be found that the total
number of subscribers is at least TO-
900, 900 and the total subscriptions in
excess of S., 00o, DOT, 900. Such a re-
Spouse would be notice to u enemies
that the American people as a whole
intend to support with all their power
their government in the vigorous pros
ecution of this wal and the achieve
ment of an early and lasting peace"
One-third of the sales in the coming
Liberty loan campaign is the task set
e.. +lAa uron.on If tho country nv the