Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-27
BANK AID ASSURED
ALL BOND BUYERS
Controller of the Currency Will
Arrange Accommodation
Whenever Requested.
EAGER TO HELP INVESTOR

The office of the controller of the
Treasury is at the service of every
man and woman who would buy
liberty bond. If time is needed to
finance the purchase-more than is given
ment payment-Controller John Shelton
Williams will furnish a list of banks
that ir--ssss give special terms for EASY
payn,erts at favorable interest.
The liberty loan Of 100000, 900 repre-
sents only one-fourth of the increase
in the resources of national and state
banks since July. 1914. according to
Controller Williams. This increase ex-
ceeds the total deposits of all banks
In Great Britain and Ireland, including
banks the resources of which exceed
those of any Individual bank in the
United States, such as the Bank of
England.
Banks Eager to Help.
eff any man or woman drawing a
salary or wages or having other income
desires to buy a liberty bond" said a
statement issued by the controller,
"and having only Il portion of the
money available wishes to pay for the
bond during the ensuing year as his
wages or income will permit, he will
find the banks in his immediate locality
generally willing and glad to accom-
modate him, as our banks are generally
evincing a splendid and commendable
patriotism and are working unself1shly
for the common good.
But If any such man or woman in the
United States desiring to invest in this
manner in a liberty bond should be re-
fused this accommodation from his or
her local bank and will communicate
with this office. the controller of the
currency will give him or her the
names Of banks which will gladly carry
the liberty bonds for such purchaser
at a favorable interest rate and give
ample time in which to pay for them.
Bonds Likely to Advance.
ut is probable that after the con-
clusion of peace liberty bonds will ad-
vance materially in the market. Three
per cent United States bonds, which,
like the liberty bonds, cannot be used
as a basis for national bank circula-
tion, formerly sold at 103 and higher.
II the liberty bonds should sell within
two years at 1O7. which price is equiv
alent to United States 3s ofi1916 at 103
the investor in the liberty bonds would
make this Z per cent premium in ad-
dition to his 3k per cent interest, with
absolute protection of his principal"
In a statement issued by the Treas
ury Department 1t was made clear that
buyers of the bonds. in sums Of less
than $4,000. are not compelled to pay
amount, when they desire to do so. with
their applications.
Subscribers who desire to pay at
once for an amount in excess of one
object to the loss Of interest on their
funds between the time Of payment and
June 49,. reads the statement, can
send in their check for the full amount
Of bonds at fiat price, that is, with
out any accrued interest, and II this
check Is collected on or before June
Is the bonds which they are allotted,
whether in full or in percentage allot-
ment, will bear interest from June Is,
and they will be charged no accrued in
terest irrespective of when their allot-
ment letter finally goes out.
I'm case of a partial allotment, check
for the overpayment without interest
will be returned as soon as possible
after the allotment.
Treasury Certificates Available.
"If subscribers desire to invest their
money at once they can purchase Treas
ury certificates of Indebtedness up to
the full amount Of their application and
deposit them with the application with
the federal reserve bank and irrespec-
tive of the maturity of these Treasury
certificates they will be taken as cash
June is and the interest to June Is re-
mitted to the subscribers, and such
bonds as are allotted to the subscriber
will be allotted as of June 15; that is
without any charge for accrued in
terest.
7 I'm the case of a reduced allotment
the Treasury certificates deposited in
payment will be split into one piece
equaling the amount of bonds allotted
and one piece equaling the amount of
excess payment made. subject to ad-
justment in cash IL the allotment Is not
a multiple of the lowest denomination
Of the certificates teither $1,000 or
$5,0O0). Certificates for the excess will
be returned to the subscriber and will
continue to bear interest until they
have finally matured. as stated on the
face of the certificates"
Watching New York Plan.
Ead.ral raserve hanLs throuobo,,t ..