Coulee City dispatch. [volume] (Coulee City, Wash.) 19??-19??, 1917-05-31
THE LIBERTY LOAN.


for = Z The supreme test of the
Nation has come. We must all speak
and act Observation-Disclosures Will
TERMS OF THE LIBERTY LOAN.
The act authorizing the Liberty
Loan Bonds of 1917 was passed Apr.
"a, 1917. 1t provides for the issu-
ance of 5000, 600, 900 of 31a per cent
bonds, the interest payable semi
annually on December Is and June
Is of each year. The principal is
repayable on or after the 18th day
of June, 1882, at the option of the
Government, and if this option is
not exercised the bonds will run full
80 years and become due June Is,
1917.
The bonds are exempt both as to
principal and interest from all tax
| alton, national, state, county or mu.
nicipal, except the inheritance tax
which is really not a tax on the pro.
perty, but ON the transfer of proper.
ty by will or inheritance.
The bonds are sold at par, that i.
dollar for dollar, no premium ano
no discount. They are to be sold by
the Treasurer of the Uuited States
and by all Federal Reserve Banks
But all banks, National and State
post offices, and express companies
have been designated as agents o
the Government to receive applica-
tons for these bonds. It's almos4
as easy to purchase one of thest
bonds as it is to get a post-offict
money order.
1t is not necessary to pay cash il
full for bond. One can pay dow1
2 per cent Of the purchase price OF
application-that is, 81 for So
bond, 50 for a $500 bond, etc.-1,
per cent on July Is, 1917; 20 pc.
cent July 80, 1917; 80 per cent Aug
ust Is, 1917; and the balance, 80 pc.
cent, August 80, 1917.
The Government of the Unite,
States has two methods of raisins
money. One is by taxation. Tn
other is by the sale of bonds, whicl
is method of borrowing money.
! The Government bond is thu
printed promise of the Government
to pay back the borrowed sum 0
money at certain time, and to pa
interest on 1t at regular interval
until it is repaid.
The Government borrows money
in this way only after it has beer
given the right to do so by act of
Congress approved by the President
and the terme of the loan are set out
in the act.
| Back of the promise of the Gov
ernment stands the honor Of the
Government and all its taxing re
sources. Really the whole wealth
F! of the Nation stands behind this sol
! cmn promise of the Government tc
pay
This makes a United States Gov
eminent bond the safest investment
In the world. If the bond of the Uni.
ted States Government is NOT safe
no property in the United States is
safe. If the United States can not
pay its bonds, it is hardly probable
that it will be able to protect the cit.
i1onc IN Al oir ofl,or ,:<,I,4,
The Liberty Loan Bonds of 1917
are especially attractive investments
Not only have they this absolute
safety characteristic of all United
States bonds but they are tax free
not only from all existing taxes but
from any war tax that may subse-
quently be levied. No states, city,
nor county may tax them. The in
heritance tax Of the United States
and of some States may affect them,
or, rather, affect their transfer after
death of the owner by will or by in
heritance.
Another advantage these Liberty
Loan Bonds possess is that if the
Government issues bonds later on
during this war at a higher rate of
Liberty Loan Bonds will be allowed
to exchange at par their bonds for
bonds bearing the higher rate of in
tereSt.
Great Britain's estimated wealth
is S85,OOO,O0O,OOO; she has made
three great loans since the COM
mencement of the war, aggregating
S1O,000,00O,000. Her last loan was
for $487,000,000, which was the
greatest single loan ever floated in
the history of the world. 1t has
taken MP in 80 days, 5,289,000 indi-
viduals subscribing to the loan. One
person in every II inhabitants of the
United Kingdom subscribed to this
loan, and the average subscription
was $3.50, though great many SUBJ
scribers took only f1, or about S..
The great number of subscribers to
this loan is pointed out as evidence