The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-10-11

are free from serious damage caused
by dirt or other foreign matter, SUM-
burn, second growth, cuts, scab, blight,
dry rot, or other disease, insects or
mechanical means. The minimum
diameter shall be IL inches.
County Liberty Bond Organization.
A meeting was held in the Milaca
village hall on Friday for the purpose
of efecting a county organization to
sell Second Liberty Loan bonds.
Chas. Keith of Princeton was select
ed chairman and A. G. Osterberg sec
rotary Of the Mile Laos organization.
Twenty-one precinct chairmen were
also selected, whose duty it will be to
appoint solicitors to cover these pre-
cincts. The solicitors will be furn-
ished with white cards for subscribers
these cards to be sent to such local
banks as may be designated by such
subscribers: The solicitors will also
be supplied with blue cards uponwhich
they will enter the names of those
who, though financially able, refuse to
subscribe to the loan, and their reason
therefor. Such cards will be sent to
the federal executive committee,
Minneapolis.
The bonds will bear date November
Is, 1917, and will mature November
Is, 1912. But the government re-
serves the right to call in and pay the
bonds in full, with accrued interest.
any time after 10 years from their
date. --o.- . ~ ~, :
The bonds are convertible gold
bonds and bear 4 per cent annual in
terest, being payable semi annually on
May Is and November Is Of each year.
They are exempt, both as to principal
and interest, from all taxation now or
hereafter imposed by the United
States, any state, or any other possess
sions Of the United States or by any
local taxing authority, except (a)
estate or inheritance taxes, and (b)
graduated additional income taxes,
commonly known as surtaxes, and ex-
cess-profts taxes and war-profits
taxes now or hereinafter imposed.
They are not liable to the ordinary
federal income tax.
The interest on an amount of bonds
the principal Of which does not exceed
$4,000, owned by any individual, part
nership, association or corporation,
are exempted from the taxes provided
for in clause 90 above.
The right is given to the. holders Of
the bonds to exchange them for bonds
bearing a higher rate of interest if
any Such shall later be issued by the
| United States before the termination
of the war. This conversion privilege
must be exercised, if at all, within six
months after the issuance of such
higher-rate bonds.
The second issue of Liberty Loan
bonds will be of two kinds, registered
and coupon. -
| The registered bonds will be regis
tered at the treasury in the names of
their owners and will be of the denomi-
nations of $50, $1O0, $500, $1,000
$4,000 and $4,000. Checks for the in.
terest on these bonds will be mailed
from the treasury to the owners each
semi interest date.
The coupon bonds will be payable tc
bearer and will have coupons attached
for the interest. They will be in de.
nominations of $50, $500, $500, 81 900
$4,000, and $4,000. The coupons car
be cashed like government check al
; any bank.
i A purchaser may pay in full for his
} bonds at the time of making his appli
cation or, if he so prefers, he can take
advantage Of the installment plan ant
pay 2 per cent on application, 10 pei
cent on November Is, 1917, 40 pei
cent on December Is, 1917, and the re
naming 40 per cent on January Is
} 1918.
, Although so far as the government
; is concerned the purchase price for tn
bonds must be paid as above, nearl!
t every bank in the country will max
arrangements by which Liberty LOAF
bonds can be paid on an installmen
plan providing for weekly or month";!
payments.
Payment can be made to the treas
ury department or to any one Of tn
5 federal reserve banks, but purchaser
/ are urged to make their payments t
: the banks or otherta gencies with whom
J. they placed their subscriptions.
Four AutOists Killed by Train.
/ While on their way from st. Clou