The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-10-09
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pons attached which are called bear
err or coupon" bonds, and bond
which do not have coupons attached
which are called registered" bonds.
| Q. To whom is coupon bond pay
able?
A. A coupon bond is payable L
| bearer.
Q. To whom is registered pond
| payable?
| A. registered bond is payable u
| the person whose name is written IN
| its face and no other person. A regis
ktsreasspQnd can be transferred froI
one oWner to another by the ownei
writingshis name on the back OF the
bond inEthe presence OF a witness
authorized by the United States
Treasury Department.
@. Shall married woman use her
own maine or her husbands?
A. Her own--Mrs. Mary Brown,
not MrsN John Brown
Q. IfiJ should sell my bond, how
shall transfer it to the new owner?
A. II it is coupon bond, merely
by delivery. Just hand it to the new
owne..
Q, Surprising it is registered
bond?
A. You must execute the blank
form on the back of the bond in ac.
cordance with directions there given.
n S,,rnoca a ,,orrjod ,vnuap suioh
es to transfer a bond made out in her
maiden name?
A. She should sign herself MARY
Jones now by marriage Mary Brown"
Q. Can ! lend any amount to the
Government and get bond in re-
turn?
A. No; $50 is the smallest amount
that the Government will accept in re-
turn for a bond coupon bonds are
issued in the following fixed denoln-
nations: $50, 500, $500, $1,000,
$4,000 and 100000; registered Donds
are issued in fixed denominations of
$50, sl00, $500, $1,000, $4,000, $4,000
and 100000.
What is the Security?
@. A United States Government
bond is frequently spoken of as chest
security in the world" Why is this
true!
A. Because the promise to pay a.
Government bond is backed by the
faith and honor of the United States
of America and by the taxing power
of this country, which Is the richest
Nation in the world
Q. Has the United States issued
bonds before; and, if so, has it ever
failed to pay all of its bonds when
they became due?
A. This Government has issued
bonds before. and has never failed to
pay every bond when it became due
with all the interest on same. Even
after the Civil War, when the country
was suffering from heavy debt and
was not nearly so rich as it is today,
all of the Government bonds were
paid when they became due
How Far Are These Bonds Exempt
From Taxes?
@. Are Liberty Bonds exempt from
taxation,
A. The bonds are exempt both as
to principal and interest from all tax
es imposed by the United States. any
State, or any of the possessions Of the
United States, or by any local taxing
except:
(a) Estate or Inheritance taxes.
(b) Graduated additional income
taxes, commonly known as surtaxes
and excess profits or war-profits taxes
now or hereafter imposed by the
United States upon the income of pro-
fits of corporations, individuals, part
or associations
The interest on an amount of bonds
and certificates, not in excess OF
$4,000 in one ownership, is exempt
from the taxes provided for in Clause
(b) aboye.
O. Does this mean that the bonds |
are free from all local taxation?
A. Yes; the local assessor or tax
collector cannot assess these bonds |
a personal property.
The First Liberty Loan.
Q. Has our country sold any Lib
erty Bonds before?
A. Yes; s2,O0O,000,000, bearing So
per cent interest, were sold in June,
1917.
@. Did the people generally sub |
scribe for these bonds?
A. Yes; more than 100000 per
sons bought all of these bonds and