The Hawaiian gazette., 1917-06-15
viii Be Listed On Stock Ex-
changes Of World and Are
Likely To Have Premium
SECURITIES ARE EXEMPT =.
FROM INCOME TAXATION
Loan Is Expected To Stimulate
Business In All Parts Of Coun-
try Distributing Capital
tBy The Associated Pressl

SAN FRANCISCO, May 3O-'"Can i
dispose Of my Liberty Bond if dis.
cover need the money latcr"R This
is question that is being asked fire..
quently Of members of the Liberty
Loan Committee and in the various
banks Of the city. ,l
The answer is YES" These bonds
will be as good as gold at any time
and already n number of the largest
houses in the United States are offer.
ing to take them in trade above par.
According ~ bankers, these bonds
when issued will be listed as are other
government securities on the stock exl
changes of the world. Bonds sold to
finance the Spanish American war went
to notable premiums, the Liberty Loan
Committee announced.
To the man, woman or child desiring.
to aid the government in the prosecu.
ton Of the war the Liberty Bond af-
fords the best opportunity for each to
10 little service. The fact that the
United States government is behind the
bonds means that at any time there is
a desire to realize cash on them they
will be recognized anywhere -,
Exempt From Taxation -
Liberty Loan Bonds are exempt from
income tax and all taxation with the
exception of the estate and inheritanc
tax. This added to the fact that they
are absolutely safe and pay 80 per
cent interest, makes them an cxcep
tional investment.
Labor is vitally concerned in the
success of the Liberty Loan. Stimula-
ton of every industry in every State
will be one of the direct results. econ.
Omically, of the pouring into CONNER
,cial and allied activities of the i'm
.meusr amount Of money which will ac
crue from the sale of the Liberty Loan
bond. Estimates of the most conser.
vative character place the amount az
high as $1,000 900 from the purchases
which will be made in California alone
by the Allies, not to mention that
which will be turned into the channel,
of trade and industry by the United
States government for war purposes
That labor will materially profit by
this inflow of wealth is foregone in the
opinion of those who are closely OBJ
serving the developments of the war
activities. a large percentage of the
expenditures will naturally 90 to labor
rs one of the largest factors in the
production of the wares and merchan-
disc, the farm products which are es.
ontial to the Allies cause
Will Distribute New Capital
The Liberty Loan, according to com
nCrcial experts, will give to the various
states an enormous distribution of new
"apital. The subscriptions it is said
will be utilized entirely within the state
TO meet the demands of the Allies and
# the federal government in war OK,
penditurcs.
With a great commercial and indus
trial activity il is the belief of every
student of conditions that II very large
bulk Of this new money will go into
he pockets of the man and the woman
If toll
Twcnty.four thousand automobiles in
van Francisco are to bear the legend
Have YOU bought your Liberty
}ond!' ON the windFhield.
This action was the result of the
meeting of the automobile dealers as
ISOLATION yesterday, which resulted in
casing $2,5O0,U 900 for the purpose Of
| spec ial publicity campaign among the
automobile dealers themselves. A gen
oral publicity committee on the Liberty
Loan was chosen.
In addition to sending out the TWEEN,
'y-fUur thousand letters containing the
special pcnnunts, the automobile dealers
pledged themselves to feature the Lib
Tty Loan in their advertising space
newspapers and magazines and to
rave their letters, envelopes and other
stationery stamped with the publicity
committee S slogan.
plans are being formulated to assist
employees in making subscriptions to.
the loan.
The automobile dealers slogan is
"Step on it,"
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