Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-05-14

subscriptions for s2.OOOooo.OOo Of the
fifteen 10 thirty year 3ia per cent gold
bonds of an issue authorized by Congress
on April "a. 1917. and known as the Lib
erty Loan" were invited in an official state
ment released this morning by Secretary
McAdoo.
Bearer or coupon bonds transferable and
payable to the holder. will be issued in de-
nominations of $50 800. $500 and $1,000.
Z. Registered or nontransferaDle bonds will be
issued In denominations of 500 $500, $1,000,
$4,000. 10000 S5O, 900 and 100000. Bonds
of different denomination. coupon and reg
istered bonds. may be interChanged upon
payment of a charge not exceeding 81 for
each new bond issued upon such exchange.
Transfers and exchanges will not be made.
however, until october |, 1917, or until such
q time as the Secretary Of the Treasury
may announce
DETAILS OF ISSUE
The bonds will be dated June IL, 1917,
and will bear interest at the rate of 3 e
per cent year from that date, payable
sen1iannualy on December 10 and June Is,
and will mature on June l5 l947. The
issue may be redeemed on or after June 10,
1892, In whole or in part. at par and accrued
interest on any interest day after three
months published notice.
II another series of bonds shall be is
sued by the United States a. Il higher rate
Of interest than 3ia per cent standard be-
fore the war between the United -,ates
and Germany ends. holders of the present
issue may convert their bonds into an
equal par amount of bonds bearing the
higher interest on the new series and SUBJ
stantally the same. except that the bonds
issued to be identical with bonds of
the present series to the terms of ma.
turity, princil al and redemption.
Alotments will be made as soon as pos
sibe after June Is. The Secretary of the
Treasury has power to reject any subscrip-
tions or to make allotment for part of the
amount subscribed for and to al.ot in full
upon applications for smaller amounts of
bonds, even though it may be necessary to
reduce allotments ON applications for larger
amounts.
The dates for payments in instalments
follow: Two per cent on application: IS
per cent on June 2S. 1917: 20 per cent on
July 80. 1917 thirty per cent on August
Is, 1917: 80 per cent on august 30, 1917.
All checks must be certified The Treas
ury Department in Washington urges sub-
scribers to seek assistance of their own
banks and trust companies when filing ap-
plications.
TABLES To BE FURNISHED
Tables showing the amount of accrued
interest and dates of payment will be pre-
pared and furnished through the Treasury
Department and the Federal Reserve Banks
Within the United States and it's ter
ritories bonds will be delivered at the ex-
pense of the Government in accordance with
the written instructions of the holders as
far as is practicable.
Secretary McAdoo will tour the Middle
West, beginning May II at Chicago and go-
ing far west Denver. in the interest of
the Liberty Loan the formal campaign for
subscriptions to which opened today. He will
address representative audiences In some OF
the chief cities to bring home to the people
OF the Middle West the need OF unanimous
corporation with the Government in
making the big issue more than a success
Mr.. McAdoo, in his official capacity, will
tell his audiences that the United States is
not engaged in half war, but is in a fight
to the finish with autocracy still strongly
entrenched. He will appeal to their pa
triotism to do their part in making ef.
fective the declaration of the President that
America pledges all her resources in the
cause of democracy lie will seek to un-
loose the purse strings OF all classes so that
the Liberty Loan will not only re fully SUBJ
scribed. but tremendously oversubscribed
( and that Germany may realize, in the words
OF a statement he issued tonight that we
have billions TO sacrifice in the cause OF
liberty"
How to buy Liberty Bond was fully OUT
lined in abstracts telegraphed today to
the Federal Reserve Banks for widespread
dissemination The public announcement OF