Norwich bulletin., 1917-10-24
WHAT AND WHY IS THE LIBERTY LOAN OF 1917? 3er in a " " partnent .ofP uhfcty Stands Sponsor

uhficity Stancis sponsor. A.- -..- = ;. = = today, all of the Government bonds ~ere paid when they became due. How Far Are These Bonds Exempt
 From Taxes?
 O. Are Liberty Bonds exempt from
 A. The bonds are exempt both as to principal and interest from all tax State, or any of the possessions of the United States, or by any local taxing authority, except: (a) Estate or inheritance taxes. (b) Graduated additional income taxes, commonly known as surtaxes and excess profits or war profits tax es now or hereafter imposed by the ross states ans psrtnerships, or associations. The interest on an amount of bonds and certificates, not in excess of 1000 in one ownership, is exempt from 0. Does this mean that the bonds are free from all local-taxation? A. Yes; tho local assessor or tax az personal property. The First Liberty Loan. 0. Has our country sold any Lib A. Yes; s2,ooo, GOO, ,ooo, bearing 3 1-2 per cent interest, were sold in June, Q. Did the people generally sub- scribe for these bonds? A. Yes; more than 4,0o0,0 per- sons bought all of these bonds and offered to buy a billion more were they offered.
 e. Did all who subscribe for Lib erty Bonds get their full subscrip- A., .Lz Ho,,.r.x.>.& ooIv .eka,I to borrow $2,oo0 oc00 GOO from the peo- pie. and therefore only desired to sell $2, GOO 100000 of bonds. As more than $3,ooo ,ooo, GOO were subscribed for, the Secretary of the Treasury cut down scne of the subscriptions. O. Were those who desired to lend small sums to the Government-t!.a is, who subscribed to small amounts Icf bonds-favore
 A. Yes; all those who subscribed to bonds from $50 up to $10.o00 were given the full amount. | e. How about those who subscrib- cd larger amounts? . some of those who subscribed for ex- ceedingly large amounts received on- fy about one fifth of the amount of their subscription.
 Q. Is the Government likely to of fer other bonds for sale during the war?
 A. Yes.
 o. Suppose the Government offers bonds in the future which will pay higher rate of interest than per cent?
 A. If co, the holder of Liberty Bond will have the right to exchange this bond for one bearing the high CT rate of interest.
 Amount cfT Present Loan.
 o. What is the amount of the Sec end Liberty Loan?
 A. The Secretary of the Treasury is inviting subscriptions for $3,ooo,- oG0COO and reserves the right to allot amount of any cversubscription.
 o. How was this bond issue ere ated?
 A. It was authorized by an act of ident of the United States.
 How to Buy. 0. How mitch do bonds of the = % A. From % s5o to s1oo,ooo, whatever their face value calls for. The law states that these bonds must be sold face vaIue-1oo cents on the dollar.
 e. How can I buy the bonds of the Second Liberty Loan?
 A.. By filling out an application blank and handing it to any bank or or to one of the Federal reserve banks, or to the Treasury Department at Washington.
 e.. When can this application for
 A.. At any time from the 1st day of October to the close of business cn the 27th day of October ,1917.
 O. In what form must applications to buy a Liberty Bond be made?
 A. All applications must be in the form prescribed by the Secretary of the Treasury, sbtainable at any bank CT from a Liberty Loan Committee.
 Q: Must the full price of bonds be paid on applica tion?
 A. No; only per cent of the amount you want to buy is required when application is made.
 Q. When must the remainder be A. In instaIIn,ents as follows: 1s per cent on November 15. 1917; 40 per cert on December IS, 1917; and 40 Der cent on January 15, 1918.
 @. Can I buy a. bond on the in stallment plan by paying for it week ly or monthly?
 A. The Treasury Department will not accept payments in this manner; employers will sell you bond and allow you to pay for it in partial pay nents. If you desire to pay for your bends in this way, consult your em- nloyer or any banker.
 Q. When will the subscribers know how many bonds they will receive on their Subscriptions?
 A. The Secretary of the Treasury will announce this about the 9th of November, 1917. This is known as making tho "aIiotmont."
 Q. Must all subscribers to Liberty BopNs wait until the allotment jB made to know whether or not they will receive their bonds?
 A. No; subscriber for bonds up to $1 ,0O0 is certain to receive his bond.
 O. If I desire to pay for the bonds at the time I make my subscription, may I do so?
 A. Yes; you can pay in full for any bonds you buy uu to and including $1 ,Oc0; but subscribers for more than this amount must wait until the ai- ictment is made
 What You Get.
 o. If I pay in full for $50, $100, $500. or S1 600 bond, do I receive the bond?
 A. Yes; you will receive a bond o'ated November 15, 1917, and bearing interest from that date. You wilt re-