Mansfield mirror. (Mansfield, Wright County, Mo.) 1908-1957, 1917-10-25
.sEC'Y M'iDoO GiVEsFUll
EXPLANATION Of SECOND
LIBERTY LOAN BOND ISSUE
TREASURY HEAD OUTLINES IN.
vESTMENT AS lT AFFECTS
BOTH LARGE AND SMALL
SUBSCRIPTIONS - ITS
TAX EXEMPTIONS.
System Of interchangeable Coupons
Makes Early Delivery to Buyers
Possible-6onds Convertible
Into Subsequent Issues.


Washington, October - Secretar
McAdoo has announced the detail
OF TIE second Liberty Loan, which ha
Just been offered to the public. Tn
CHIEF features are:
Amount. $4,000, o0o, 900 or more. tn
excess not to exceed one-half OF III,
amount OF oversubsrrIption.
Terms of Bonds Maturity. 70 years
redesmable at the option OF the sec
retary OF the treasury in 10 years,
Denominations Of BoudS-$5U an,
multiples ur $50.
Interest Rate-Four per cent. pay
able Semi.annually on November |,
and May Is.
Terms OF Pa!ment-Two per cen
upon application, IS per cent Nov. 10
A. per cent Dec. Is and ~ per cen
Jan. l5, 1918. The privilege OF con
verting bonds Of this issue INTO bond.
0: any succeeding issue bearing a high
ct interest rate than 1 per cent dur
llg The period Of the war Is extended
and through an arrangement unueI
Which bonds Will be printed with onl!
tour coupons instead Of 90 ito be tx
Changed AT the end OF two years TOT
the bonds containing the full number
OF coupons deliveries will be prompt
Ii. this Ianne the issue OF interim
certificates will be avoided.
McAdoo's Announcement.
Secretary McAdoo's announcement
reads as follows:
with the approval of the Presi.
dent | have determined 10 offer, Oct.
/, 1917, $4,000, 900, 900 or more worth
Of United States convertible gold
bonds. due Nov. Is. 1912, and subjec,
u redemption at the. option OF the
United States al par and accrued in.
terest on and after Nov. Is, 1927. The
bonds will bear interest from Nov.
Is. 1917, and the interest will be pay
able On May Is and Nov. 10 in each
year.
The exact amount Of bonds to be
issued under this offering will depend
on the amount OF subscription re,
ceiEcd. Il Is, OF course, to be expected
that subscriptions considerably in eX
CESS Of So ,u0V. 0gO. 600 will be received.
and in that event the right is reserved
to allot bonds in exces Of 81, 900, O0V,.
00e to the extent of not over One.hatt
OF the sum by which the subscriptions
received exceed $4,000, o00 900. In 9th.
er words, if subscriptions to the ex.
tent of $4,000, 900. 00a are filed $4,000.
0VV 900 OF bonds may be allotted.
At Par and Accrued Interest.
The bonds will be offered as be.
fore. al par and accrued interest. and
Will be in denominations of $50 and
multiples thereof.
The bonds shall be eXrmpt, both as
to principal and interest, from all tax
alton now or hereafter imposed by the
United States, any state or any OF the
Of the United States o.
b. any local taxing authority except
,a) estate or Inheritance taxes and
90 graduated additional income tax.
Is. commonly known as s%urtaxes. and
excess profits and war profits taxes,
now or hereafter imposed by the Unit
&C States upon the income or profits
OF individuals, partnerships. associa
tons or corporations. The interest on
an Of bonds and certificates
authorized by said act the principal
OF which does not exceed in the aggre.
gate $1,000. owned by any individual.
partnership. association or corpora.
ton, shall BE- exempt from the taxes
provided for in clause o. above.
IF a subsequent series of bonds
(not including United States certiti.
cate Of indebtedness, war-saving Ger.
~tiiicates and other obligations matui
ing not more than five years from the
Issue OF such obligations, respectively
bearing interest at a higher rate than
4 per cent per annum shall. under the
authority Of said act approved Sept.
"a. 1917. or any other act, be issued
by the United States before the termi
nation Of the war between the United
States and the Imperial German Gov.
eminent Cthe date Of such termination
to be- fixed BY proclamation of the
President OF the United States), then
the holders of bonds Of the present
shall have the privilege, at the
option OF the several holders, Of con.
yerting bonds, at par, into bonds bear.
ing such higher rate Of interest, at the
issue price Of bonds of such subse.
Quent series. not less than par. with
an adjustment of accrued interest.
Conversion Privilege.
such conversion privilege must be
exercised, II at all. at any time within
the period, after the public offering OF
bonds OF such subsequent series, be.
ginning at the date Of issue Of bonds
of such subsequent issue, as such date
shall be fixed in such public offerings,
and terminating six months after such
cate Of issue, and under such rules
and regulations as the Secretary of
the Treasury shall have prescribed.
The bonds TO be issued upon such con.
version Of bonds OF the present series
shall be substantially the same in
form and terms az shall be prescribed |
by or pursuant to law with respect to
the bonds Of such subsequent series,
not only AS TO interest rate but also as
70 convertibility tf future bonds be
at a still higher rate OF inter.
est or non conyertibility and as to
from taxation. II any. and