The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-06-01
SIC CERTIFICATES
FOR LIBERTY LOAN
tBy r,es-e Jay, Chairman. Federal
$780, 1,z>.al< - MALI Y,oxlrl


Reserve Bank of New York;
Beginning on Wednesday the man
on the street may buy slice OF q
bond''-technically known as q par
ticipation certificate-about as easily
as he can buy a slice of ham. 1t has
become apparent that a great many
persons of small incomes do not care
to bind themselves to buy bonds on
the installment plan, whereby it Is
necessary for them to agree to make
specified payments at given periods.
In addition there are persons who do
not care to sign up subscription
blanks and go through the forms ne
cessary on the instalment plan.
For these reasons the Federal Re-
serve Bank of New Haven has adopt
ed, in modified form, the sale sys-
tenn which has worked wonders
among the thrifty people of England
and France.
Under the present Liberty Bond in
talment system each purchaser must
promise to buy. at least one $50 bond
and pay for it between now and Sep
tember. If he fails to meet his pay
ment he must get some individual or
company to carry it for him or else
endanger the amounts that he has
paid into the Treasury Department.
Under the plan now authorized an
individual may go into a department
store. cigar store, or other CONNER
cial establishment where the "slices"
are on sale, and lay SO on the coans
ter with the request rnak ne be Civ
en- q $40 certificate. The clerk will
take his $40. hand him the certificate,
and the transaction is closed. If the
purchase Is not made for consid-
erable time after June 10Th. there
may be a few cents accrued interest,
but this would come back to the pur-
chaser when he converts his certifi-
Gates into bonds, as the bonds which
he will receive in exchange are to
carry all the coupons from the start
The buyer goes through no red tape.
There is no signing up--no corre-
spondence. He does not even have
to, give his name.
When the purchaser wants to, buy
another certificate he goes through
the same simple procedure. He may
! gar stores and other institutions which
the other four at any cities or towns
in this Federal Reserve district, II he
happens to be q commercial traveller.
After he has paid for the fifth certi-
ficate he has right to a bofd and
may get 1t from the Federal Reserve
bank in New York upon surrendering
his certificates. In addition to the
bonds he gets the accrued interest
covering the period dating from the
original issuance OF the bond, in other
wordA ell the interest from June 18th.
The certificates bear no interest
until they are matched in fives or
multiples thereof and surrendered for
bonds. 5S.
This type OF certificate will not be
handled directly in small units by
the Federal Reserve banks or the
Liberty Loan committee for the sim
pie reason that the great rush of
small purchasers would flood the Of
fices. They will be sold outright to
great department stores, chains Of ci-
gar stores and other institutions which
will sell them across the counter. just
as they handle merchandise.
These facts should be borne in
mind by prospective purchasers.
THE certificates may be pur-
chased by anyone who has $40, with
out further responsibility Of any sort
whatever
2-They bear no interest until five
of them have been purchased and pre-
scented to Federal Reserve bank for
conversion into a bond.
s3-Until further notice the Federal
Reserve bank at it's office at SO Wall
street will sell these $40 certificates in
lots of $1,000 and upwards to those
who wish to put them on sale over
thc counter.
4lThey represent the easiest way
to accumulate bonds. but they cam
not be bought at Liberty Loan COM
mittees or Federal Reserve banks.