Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1917-10-19
sEC'Y M'ADO0 G|VEsFULl
EXPLANATION OF SECOND
LIBERTY LOAN BOND ISSUE
TREASURY HEAD ouTLlNEs IN.
VEsrMENT As IT AFFEcTs
BOTH LARGE AND SMALL
INSCRIPTIONS - Ire
TAX EXEMPTIONS.



Washington. d. 0-Seoretary NO
Adoo has announced the details Of the
second Liberty Loan, which has Just
been offered to the public. The chief
features are:
Amount $3.0oo.00o.000 or more. the
excess not to exceed one-half OF the
Amount OF oversubscripuon.
Terms Of Ronds--Maturity, rs years !;
redesmahle at the oplion Of the sec
Rotary OF the treasury in 10 years.
Denominations OF Bonds-y60 and
muluples Of $50.
Interest Rate-Four per cent, pay.
able senltannually on November Is
aud May 10.
Terms OF Payment--Two per cent
upon application. 10 per cent Nov, 10,
" per cent Dec. 10 and ~ per cent
Jan 10. lsIS The privilege Of con-.
fertins bonus OF THIS Issue into bonds
OF any succeeding issue bearing . high
er interest rate than per cent our
Ing the period OF me war u EXTENDED,
and through an Arrangement unuer
winch bonus VAL De printed wIth only
four coupons instead OF ov ito be ex-
Changed at the enc Oh Two years Tor
the BONDS containing the full number
oil couponsj deliveries VIII DO prompt.
In thus manner the issue oil interim
Certificates wln be avoiued..
MeAooo's Announcement
Secretary McAaoo's announcement
reads as follows:
With the approval OF the Presi.
dent | nave determined to olfer. OCT.
j, I3l3, $S,VOU,UVU.UuU or more worth
OF United States convertible golu
bonds. due Nov. 10, 1912, and subject
to redemption at the option OF the
Cnlteu States at par anu accrued in
terest on and alter Nov. Is, 1927. The
bonds will bear interest fIom Nov.
10. 1917. and Tie interest will be pay
able on May 10 and Nov. 10 In each
Year.
The exact amount Of bonds to be
issued under this offering will depend
on the amount OF subscription re-
celved. 1t is. OF course. to be expected
that subscriptions considerably In sx-
cess Of tS.000,0O0,OO0 will be received,
and in that event the right is reserved
to allot bonds In excess OF 81. 900, 0O0,-
900 to the extent OF not over one-hail
OF the sum by which the subscriptions
received exceed $4,000. 100000. In 9th
er words, If subscriptions to the ex
tent OF $4,000. 100000 are filed $4,000
100000 OF bonds may be allotted.
At Par and Accrued Interest
1.-THE bonds will be offered as be-
fore. at par and accrued interest, and
VIII be in denominations OF $50 and
nultiples thereof.
The bonds shall be exempt, both a.
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. anc
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 Oh
an amount of bonds and certificates
authorized by said act the principal
OF which does not exceed In the aggre
gate $4,000, owned by any individual,
partnership, association or corpora.
ton, shall be exempt from the taxes
provided for in clause OBJ above.
.'If q subsequent series of bonds
(not including United States certifi.
cate Of indebtedness. war-saving GER
tificates and other obligations matur
Ing not more than five years from the
Issue of such obligations, respectively,
bearing interest at 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 termi
nation OF the war between the United
States and the Imperial German Gov.
eminent 1.-THE date of such termination
to be. fixed by proclamation of the
President of the United 6tates). then
the holders Of bonds OF the present
series shall have the privilege. at the
option OF the several holders. of con.
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