The Butler weekly times., 1917-10-11
LIBERTY BONDS
Second Issue Now Being Sold. Can
be Purchased on the Install.
ment Plan,

IuSuS 1lAus
The second issue of Liberty Loar
Bonds will be of two kinds. regis
tered and coupon.
The registered bonds will be regis
tered at the Treasury in the names Of
their owners and will be of the de.
nominations of $50, 500, $500, $1,000
$1,000, $4,000 and 100000. Checks
for the interest on these bonds will
be mailed from the Treasury to the
owner S each semi -annual-intcrest
date.
The coupon bonds will be payable
TO bearer and will have coupons at
tached for the interest. They will be
in denominations of $50, $Ioo, $500,
$i,oo, 5000. and $4,000. The cou-
pons cam be cashed like a Govern
nent check at any bank.
The coupon bonds OF this loan will
have only four coupons attached, rep
,esenting the scmi-annual interest
ior two years. Between November
IS, 1919. and May IS, 1920, the hold
ers Of coupon bonds must exchange
their bonds for new bonds having full
sets Of coupons. These temporary
bonds are issued because the work Of
engraving SO many bonds with SO
large number of coupons attached
can not be completed within a rea-
sonable time for delivery.
Bonds OF the Second Liberty Loan
can be purchased by filling out an ap-
plication blank made on the form
prescribed by the Secretary OF the
Treasury. which can be obtained
from anJ-4xenk or Liberty Loan conf
mittee, and sending it or having it
sent to the Treasury OF III, United
States or any Federal Reserve Bank
or branch accompanied by the pay
ment OF ? per cent OF the amount OF
bonds applied for.
A purchaser may pay in full for his
bonds at the time OF making his APP
plication or, if he so prefers, he can
take advantage of the installment
plan and pay ; per cent on applica-
ton, 10 per cent on November IS,
1917, 30 per cent on December Is, |
1912. and the remaining 40 per cent
ON January IS, 1913.
Although SO lar as the Government !
is concerned the purchase price for
bonds must be paid as above, nearly
every bank in the country will make
arrangements by which Liberty Loan
Bonds can be paid on all installment
plan providing for weekly or monthly
payments, and great many employ
ers will make the same arrangements
Tor their employees.
Payment can be made to the Treas
lry Department or to any one of the
Federal Reserve Banks, but pur-
-hasers are urged to make their pay
nents to the banks or other agencies
with whom they placed their sub
1t is hoped that on or about o.
ober 10. 1917, supply of these new
'onds ready for immediate delivery
o subscribers in amounts not in eA-
ess OF $1,000 to any one subscriber
Will be in the hands of the several
'ederal Reserve Banks, to be deliv-
red to subscribers who pay in full. ,
'lans are also being perfected where.
y banks all over the country can ;
btain these bonds for prompt deliv- I
ry to subscribers for amounts not J.,
yer $1,000.
The main differences between the
onds of the first issue and the bonds
+ the second issue OF the Liberty
.oan are (D they run for only ..5 s
ears instead of 80, and may be re-
eemed by the Government in 10 s
ears after date instead of IS; (2)
hey bear 4 per cent interest instead {
3 I-2 per cent; go they are liable
surtaxes and excess-profits and
'ar-profits taxes Except as to the
lterest on $1,000 in the hands OF any
older); CD allotment may be made
, the extent of half of the over-sub-
;ription; and (5) the installment
Ian OF payment is slightly different