The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1917-10-10
Campaign On For
Second Bond Sale
October Is Month Set Aside for
Placing $3,0OO,O 100000 Of
Bonds for Liberty
GOOD INVESTMENT
Clipping of Coupons May Be
come Favorite Indoor Sport
of BOndhOlderS

VI 0OAA01AOAuCA0
The bonds of the second issue
of the Liberty Loan are to be
issued under the act of Congress
approved by the President Sep
TENDER "A, 1917.
The amount of the issue will
be So, 900, 100000 or more; 3d.
600 100000 will be offered, and
the right is reserved to allot
bonds in excess of that amount
10 the extent of one-half of the
over-subscription. That is, if
SIS, 900, 100000 is subscribed the
right is reserved to issue $1,000,-
100000 more than the $3,000,-
100000.
The bonds will be offered for
sale on October 1, 1917, and
subscriptions will be received
until the close of the business
day of October n.
The bonds will bear date No
vember Is, 1917, and will ma
ture November Is, 1912. But
the Government reserves the
right to call in and pay the
bonds in full, with accrued in
terest, any time after 10 years
after, their date.
The bonds are convertible gold
bonds and bear A per cent an
nual interest, the interest being
payable semiannually on May Is
and November Is of each year.
Exemptions.
The bonds are exempt, both
as to principal and interest, from
all taxation now or hereafter i'm
posed by the United States, any
State, orAany other possessions
\ of the United States or by any
4 local taxing authority, except (a)
| estate or inheritance taxes, and
Il CD graduated additional income
taxes, commonly known as sur
II taxes, and excess-profits and
war-profits taxes now or here
i after imposed. They are not
\ liable to the ordinary Federal
/ income tax.
The interest on an amount OF
bonds the principal of which does
Il not exceed $4,000, owned by any
/ individual, partnership, associa-
ton, or corporation, are exempt
ed from the taxes provided for
in clause (b) above.
May Exchange.
The right is given to holders
4 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
n must be exercised, if at all, with
1 in six months after the issuance
/ of such higher-rate bonds.
The second issue of Liberty
Z Loan Bonds will be Of two kinds,
n registered and coupon.
] Registered.
The registered bonds will be
4 registered at the Treasury in the
names of their owners and will
81 be of the denominations of $50,
\ S1O0. $500, $1,000, $4,000, $1Q,-
LOCO and 100000. Checks for
+ha interest on these bonds will
he mailed from the Treasury to
1.-THE owners each se.niannual-in-
iterest date.
81 Coupon.
The coupon bonds will be pay
Z able to bearer and will have cou-
pons attached for the interest.
They will be in denominations OF
1850. 500, $500, $1,000 $4,000
land $4,000. The coupons can
he cashed like a Government
/ check at any bank.
The coupon bonds of this loan
twill have only four coupons at
attached. representing the semi
VIannual interest for two years
NEBetween November Is, 1919, anC
8LMay Is, 1920, the holders Of
Il kcoupon bonds must exchange
tEtheir bonds for new bonds hav'
Ming full sets of coupons. These
lttemporary bonds are issued be
n cause the work of engraving 81
many bonds with so large mum
/ bber of coupons attached can no
hbe completed within q reason
liable time for delivery.
Mr.. and Mrs. Geo. Jaehnini