Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1917-10-11
Liberty Loan
Subscriptions

Following Is the statement in full
of Secretary of the Treasury McAdoo
in regard to the Liberty loan Every
citizen should familiarize himself
with the term. conditions and exemp-
tions herein set forth and be ready
TO make his subscription when the
public-spirited local committee call
for your subscription:
Treasury Department,
Office of the Secretary,
Washington, Oct. 1, 1917.
The secretary of the treasury in
vites subscriptions, at par and ac-
crued interest, from the people OF
the United States. for $4,000, O,OOO
of United States of America 1925
year per cent convertible gold
bonds. of an issue authorized by act
of congress approved September "a,
1917; the right being reserved to
allot additional bonds up to one-half
the amount of ar over-subscription.
DESCRIPTION OF BONDS.
Denominations.
Bearer bonds with interest coupons
attached will be issued in denomina-
tions of $50, 500, $500, $1,000,
$4,000 and $4,000. Bonds regis
tered as to principal and interest will
be issued in denominations of $50,
800, $500, $1,000, $1,000, $4,000,
$4,000 and 100000,
Provision will be made for the in
terchange of bonds of different de-
nominations and of coupon and regis
tered bonds, and for the transfer of
registered bonds, without charge by
the United States, and under rules
and regulations prescribed by the sec
retary of the treasury
Rate of Interest, Date Of Bonds, Ma
turity and Redemption.
The bonds will be dated November
Is, 1917, and will bear interest at
the rate of per cent per annum from
that date, payable semi-annually on
May Is and November 15. The
bonds will mature November Is,
1912, but the issue may be redeemed
at the option of the United States on
or after November Is. 1927, in whole
or in part, at par and accrued inter-
est, on six months notice given in
such manner as the secretary Of the
treasury shall prescribe.
In case of partial redemption the
bonds will be redeemed by such
method as may be prescribed by the
secretary of the treasury. The prin-
cipal and interest of the bonds will
be payable in United States gold coin
of the present standard of value.
Tax Exemption.
The bonds shall be exempt, both as
to principal and interest, from all
taxation now or hereafter imposed by
the United States, any state, or any
of the possessions of the United
States, or by any local taxing au-
thority, except fa) estate or inherit
ance taxes, and % graduated addi-
tional income taxes, commonly known
as surtaxes, and excess profits and
war profits taxes, now or hereafter
imposed by the United States, upon
the income or profits of individuals
partnerships associations or corpora
tions The interest on an amount of
bonds and certificates authorized by
said act the principal Of which does
not exceed in the aggregate $5 900,
owned by any individual, partnership,
association or corporation shall be
exempt from the taxes provided for
in clause "b" above,
Conversion Privilege.
II subsequent series Of bonds
(not including United States certifi-
Gates Of indebtedness, war savings
certificates and other obligations ma
turing not more than five years from
the issue Of such obligation, respec-
tively) bearing interest at higher
rate than A per cent per annum, shall
under the authority of said act ap-
proved September "a, 1917, or any
other act, be issued by the United
States before the termination of the
war between the United States and
the imperial German government
(the date Of such termination to be
fixed by proclamation of the presi
dent Of the United States), then tht
holders of bonds of the present series
shall have the privilege, at the op
tion of the several holders. OF con