New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-28
Amount of New Loan
Will Rest With Nation

option of the several holders. Of con-
vorting their bonds. at par, into bonds
bearing such higher rate OF interest.
at the issue price of bonds of such sub
sequent series, not less than par. with
an adjustment of accrued interest.
"Such conversion privilege must be
exercised. il at all, at any time within
the period, after the public offering
Of bonds of such subsequent series
beginning at the date of issue Of
bonds of such subsequent issue. as
such date shall be fixed in such pub
lie offering, and terminating six
months after such date of issue, and
under such rules and regulations as
the Secretary Of the Treasury shall
have prescribed
Method Of Conversion
"The bonds to be issued upon such
conversion of bonds of the present
series shall be substantially the same
in form and terms as shall be pre-
scribed by or pursuant to law with
respect TO the bonds Of such subsequent
series. not only as 10 interest rate,
but also as TO convertibility Of fu-
ture bonds be issued at still higher
rate OF INTEREST," or non-convertibihty,
and as TO exemption from taxation,
il any. and in all other respects. cX-
cept that the bonds issued upon such
conversion shall have the same dates
of maturity. of principal. and of in
tereSt, and be subject 10 the same
terms Of redemption before maturity.
aS the bonds converted; and such
bonds shall be issued from time to
time If and when and 70 the extent
that the privileges OF conversion so
conferred shall arise and shall be ex-
ercised. If the privilege of CONVEX
sion so conferred shall once arise, and
shall not be exercised with respect 70
any bonds Of the present series within
the period above prescribed, then such
privileges shall! terminate as TO such
bonds and shall not arise again, though
again thereafter bonds be issued bear
ing interest at a higher rate or rates
than 4 per cent per annum.
IL am very glad to be able TO an
nounce that by authorizing the engrav-
ing OF these bonds with only four
coupons attached instead of the full
number Of fifty coupons, il will be pos
sible TO have the actual bonds ready
for delivery as soon as full payments
are completed, thus avoiding the trou-
bic and delay incident TO the issue of
interim receipts or temporary bonds.
On and after November 10, 1919, the
holders of the bonds will have oppor-
tunity 10 exchange them for new bonds
having attached thereto moupons for the
balance OF the period for which the
bonds will run.
Bonds Ready October 10.
IL is also expected that on or about
October 10, 1917, there will be IN the
hands of the several Federal reserve
banks a supply OF these new bonds
ready for immediate delivery TO sub
scribers in amounts not IN excess
of one thousand dollars TO any one
subscriber against payment in full,
thereby avoiding in such cases the
trouble incident TO waiting until after
allotment for delivery.
plans are also being perfected
whereby the banks all over the ooun-
nv can obtain bonds for the making
Of prompt delivery against these small
subscriptions. As the bonds will bear
interest from November 10, and. as
those who pay in full prior 70 that
time will not obtain any interest on
their money until that date. this is
cTered as an alternative proposition
t. those who are anxious 10 obtain
immediate possession OF the bonds for
which they subscribe. The reason this
offer will be limited TO amounts Of
rot over $1,000 to any one subscriber
j. that all subscriptions in excess of
TINS amount will be subject 10 allot-
ment.
The campaign for the sale Of these
bonds will open Monday, October !,
and will close Saturday. October 81.
! confidently hope that when the cam
pa IN is over il will be found that the
total number of subscribers is at least
100000 and the total subscriptions
in excess Of $4,000 000,000 Such re-
Spouse would be notice to our enemies
that the American people as whole
intend to support with all their power
their government in the vigorous
achievement of an early and lasting
rcace."
"The experiences Of the last Liberty
Loan campaign" the letter reads in
part. "show that hundreds of thou-
sands of people became bank deposit
who never before patronized a bank,
.
on the partial payment plan. This in
d,cetes clearly that if all banks take
/ part in the current loan as aggressive
/ ly as some banks did in the last loan,
/ lafPe numbers of new bank customers
/ will be secured"
Thomas D. Mccarthy, United States
/ Marshal for the Southern District of
/ New York, il was announced yester-
/ day, will offer for public sale a. the
/ County Courthouse in this city on Oc-
/ toher 4 s3,O32 400 Liberty bonds which
were purchased with the authority of
the court and with the consent OF
both parties in the Denver e. Rio
/ Grande- Western Pacific controversy re-
/ sU'ting from the guarantee of the
Western Pacific bonds by the Denver
I e. Rio Grande.
States Orators Unite
r. Tx.