Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1917-10-20
sEC'T NJ A0uu J iL5rUlL
EXPLANATION OF SECOND
LIBERTY LOAN BOND ISSUE
TREASURY HEAD OUTLINES IN.
vEsTMENT AS IT AFFEcTs
BOTH LARGE AND SMALL
INSCRIPTIONS - ITS
TAX EXEMPTIONS.
System Of interchangeable Coupons
Makes Early Delivery to Buyers
Possible-6onds Convertible
Into Subsequent issues.

second Liberty NLoan, winch mas Just
been offered " the public. The chief
features are:
amount, $S.000.O0O.O00 or more, the
excess not to exceed one-half OF the
amount OF oversubscripuon.
Terms OF Bonds-Matur1ty, 20 years;
reasonable at the opuon OF the SEQ
Rotary OF the treasury In 10 years.
Denominations OF Bonds-S6O and
nIitples Of 20.
Interest Rate-Four per cent, pay.
aDis semt-annualiy on November Is
and May II.
Terms OF Payment--Two per cent
upon application. Is per cent Nov. 10.
AZ per cent Dec. 10 and AZ per cent
Jan. 10. 1918. me privilege Of con-
vertins bonds Of TINS Issue into sonds
o. any succeeding Issue bearing o nIgn-
er interest rate than 4 per cent aur-
lns tne period OF the war Is extended.
anu through an Arrangement under
wnich Donos WILL be printed with only
iour coupons instead OF ~ Ito. be ex-
CnanKed at the emu OF two years for
Tue ponds containing the full number
GA coupons) deliveries will Do prompt.
la tuIs manner the issue OF interim
IOrtI.IcaIes wLl DO avoided.
McAooo's Announcement
Secretary McAdoo's announcement
reads as follows:
with the approval Of the Presi-
dom 4 hava datarntpad n nffar nOf
/, 1871. $3,0OV.OUO.UOO or more worth
OF Unlted States convertible gold
bonds. due Nov. 10, 1912, and subject
u redemption al the option OF the
UnIteQ States at par anu accrued In
lerest on and after Nov. Is. 1927. The
10, 1917, and the Interest Will be pay
sDie on May 10 and Nov. Is In each
year.
'Ihe exact amount of bonds to be-
issued under this offering will depend
on the amount vi subscription re-
that subscriptions considerably in ex-
cess OF S3.00u,000,0OO will be received,
anu in that event the right Ia reserved
u allot bonds In excess of So. 900, 000,-
OVO 10 the extent OF not over one-half
OF the sum by which the subscriptions
received exceed $4,000. OO0, 900. In 9th
er words, IL subscriptions to tho OK.
tent OF $4,000. 900. 900 are filed $4,000
000.000 OF bonds may be allotted
At Par and Accrued Interest
The bonds will be offered as be-
fore, at par and accrued interest, and
will be in denominations OF $50 and
multiples thereof.
The bonds shall bo exempt, both as
to principal and interest, from all tax
alton now or hereafter imposed by the
United States. any state or any OF the
possessions Of the United States OF
by any local taxing authority except
(a) estate or inheritance taxes and
OBJ graduated additional income tax
es. commonly known as surfaces, and
excess profits and war profits taxes.
now or hereafter imposed by the Unit
ed States upon the income or profits
Of individuals. partnerships. associa-
tons or corporations. The interest on
! an amount Of bonds and certificates
authorized by said act the principal
Of which does not exceed In the aggre-
gate $1,000, owned by any individual,
partnership, association or corpora
ton. shall be exempt from the taxes
provided for in clause (b) above.
IF q subsequent series OF bonds
mot including United States certiti-
cate Of indebtedness. warsavinE GER
titicates and other obligations matur-
ing not more than five years from the
issue Of such obligations. respectively
bearing interest at q higher rate than
per cent per annum shall, under the
authority OF said act approved Sept.
"a. 1917, or any other act, be issued
by the United States before the terni-
nation of the war between the United
States and the Imperial German Gov
eminent (the date Of such termination
to be fixed BY proclamation OF the
President OF the United states), then
the holders Of bonds OF the present
series shall have the privilege, at the
option Of the several hoidefs, 81 coz.
verting bonds, at par. into bonds bear
ing such higher rate Of interest. at the
issue price Of bonds OF such subse-
Quent series. not less than par. with
an adjustment Of accrued interest.
Conversion Privilege.
Such conversion privilege must be
exercised. II at all. at any time within
the period. after the public offering OF
bonds Of such subsequent series, be-
ginning at the date OF issue OF bonds
OF such subsequent Issue. as such date
shall be fixed IN such public offerings,
and terminating six months after such
date OF Issue. and under such rules
and regulations rs the Secretary of
me Treasury shall have prescribed.
lae bonds to be issued upon such con-
sion Of bonds Of the present series
sal be substantially the same In
:, rr and terms as shall be prescribed
Z, oI pursuant to law with respect TO