The Nenana news. (Nenana, Alaska) 1916-1918, 1917-10-27
Liberty Bonds
WHAT ARE THEY?
BY John c. Murphy, Member of Ter
ritorial Bar

two forms. First, bearer bonds
with interest coupons attached, and
these are commonly called coupon
bonds. Second bonds registered
both as to principal and interest.
While Liberty Loan bonds are is
sued in both bearer and coupon
forms.
a further explanation will, we
feel, be of interest to readers. A
bearer or coupon bond is payable to
, the bearer, the holder,-the title pass
ing by simple delivery. The Unit
ed States treasury department does
not require proof of ownership, when
such bonds are presented for pay
ment or exchange, the holder there
of being recognized. Such bonds
may be bought and sold without
formality and without Endorsements
of any kind. Now you will find
attached to bearer bonds. sheets of
coupons or sometimes called, certif-
icates of interest. On each inter
est payment date, one of the coupons
becomes due, and should be detached
by the owner of the bond and then
presented and cashed at the bank
or presented to any United States
treasury Office for payment
REGISTERED BONDS
These are payable only to their
owners or their order, and you can
transfer them only by proper in
dorsement and assignment by their
owner. The bonds have inscribed
upon their face, the name of the
owner or payee, and such fact is
recorded on the books of the treas
ury department against the partic-
ular bond indicated. Now to effect
change in ownership of a Regis
tered bond the original payee in
dorses and assigns the bond, by US
ing the form on the back of the
bond and in accordance with the
regulations of the treasury depart
ment. And such assignment must
be made before an officer designat-
ed by the treasury department, and
such officer must certify thereto and
affix his official seal Now the of
ficers, who are authorized to wit
ness assignments, are indicated in
note printed on the back of the
bond. Speaking generally, certain
judicial and treasury officers and ex-
and national banks are authorIA.
to witness assignments.
When the owner of such Register
ed bond disposes of it and has
properly assigned it, the same should
be forwarded at once to the secre-
tary of the treasury for transfer on
the books of his department. The
bond so forwarded is cancelled, and
new bond in the name of the new
owner is issued and sent to the new
owner by registered mail. Remem-
Der this, that the interest on regis !
tered bonds is paid by means of /
checks drawn by the secretary of !
the treasury on the treasurer of the ,
United States Such checks are al .
ways issued on the same day that /
the interest is due, and at once sent (!
by mail to the owner of the bond. >
We hope the above information and ,
explanation, regarding government
bonds, will be of interest to read 7
ers of the News :..:.
MONEY NOT TIED UP
l have heard it said that money |
invested in Liberty Loan bond is
going to be tied up for Is or 80 /
years. This is not true. This be- /
lief is not warranted. Probably !
no property in the world outside of /
actual money or currency will have I
a wider and more ready and con- !
slant cash market than the Liberty /
Loan bond. A demand will be .
made for them from many sources.
They are good security for loans
from banks. The courts have de- |
cided that they are legal and proper
investments for trust funds. They |
are legal investments for insurance
companies. They have an inter-
national status and market. They
will be bought in every civilized
country of the world. Well might
they be called the premier security .
of the world.
There is no reason for delaying
the purchase of bond or bonds, in
the belief that or hope that by wait
ing a better investment can be OBJ
tanned Should the United States