The Republican. [volume] (Oakland, Md.) 1877-current, 1917-12-06
DON'T MARK
= YOUR BOND
DETACHMENT May Prevent Its
Negotiation
Liberty Loan Committee Presents
Some Interesting Facts Con-
corning Last Issue.

Don't deface your Liberty Bond.
Any marks or writing on these bonds
may make 1t impossible to sell them
or borrow money on them, therefore
don't write your name or put any
Identification marks on the bonds you
own. This rule Is well known to bank.
ers. but not generally understood by
the public. Any bond on which such
marking or writing has been placed
is not good delivery" In other
words when offered for sale or use as
collateral for loan It would not be
accepted
Keep this fact well in mind; interest
on Liberty Bonds, both the first Issue
bearing interest at the rate of 81
per cent. and on the second issue
bearing interest at the rate Of 4 per
cent, is payable every six months. On
December 18th next the first interest
coupon on the 3 Il per cent bonds will
be paid. Those who have paid in
full for these bonds ard have them
In their possession should clip this
particular coupon and present it on
OF after December 18th to any bank
or post Office where it will be cashed.
Coupons on bonds being paid for on
the installment plan will be cashed
and in adjusting interest credited TO
the owner by the banks where the
purchase was made The first coupon
on the 4 per cent bonds is payable
on May 18th next.
Any report that interest will be
withheld until after the war is abso-
lutely false and is circulated by enc
mics OF the United States. The Unit
ed States has never failed to pay in
terest on its obligations the moment
it became due.
1t might be well to owners of Lib
eTty Bonds who are uncertain on any
point to call on any reputable banker
for enlightenment The information
will be cheerully furnished without
cost. and this viii enable the Govern
ment to checkmate those who would
circulate false rumors designed to dis
turb persons who have invested in
Liberty Bonds.
The bank that is selling you Lib
erty Bond on weekly or monthly in
stallments advances its own money
10 buy these bonds from the Govern
ment. It is lending you the difference
between the installments you have
paid and the cost of the bond. II pays
the Government one hundred cents on
each dollar expressed in the face value
of the bond. It receives no discount.
no commission, and no profit no mat
ter whether it has bought q $50 bond or
millions Of them. Interest on the
bonds and interest on the unpaid in
stallments practically Offset each 9th
er, so neither the bank or the Install
ment purchaser make a profit. It is
an even break. If anything the banks
loses as the money yet to come back
to it from the unpaid installments
could now be loaned for other pur-
poses at a higher rate of interest. The
banks charged for services neither the
Government nor the purchaser Of Lib
erty Bonds. A leading savings bank
of Baltimore has practically doubled
its clerical force to take care of this
work. 1t is this voluntary service that
made it possible for the Government
to sell the second Liberty Bonds to
ten million people.
Any story that bankers and brokers
profited to the extent Of a single penny
through the sale of Liberty Bonds is
absolutely untrue, Far from profit
ing, bankers and brokers not only
gave their time gratis, but devoted all
OF their machinery which includes
their bond statesmen, Office force. etc,
without any compensation whatsoever.
AS matter of fact they used their
own funds in promoting the sale of
the bonds, and sacrificed all other
business to aid their country in mar
keting its bonds,
There is no mystery about the tenn
pOrary decline in the price of Liberty
Bonds. Many patriotic persons anxi-
Gus that the subscriptions be a ire
mendOus success, bought more than
they could conveniently pay for, and
later sold a portion Of the bonds at a
time when the general market was
depressed. In order to market them
they were forced to shade the price
They accepted their loss with good
grace, satisfied that they had done
their bit" in aiding the Government
to make the Loan the tremendous sue
cess II was
Owners of Liberty Bonds have no
concern with temporary fluctuations
in market prices The value is al
ways in the bonds and that is what
counts There is a difference between
price and value. Price when referring
to a Liberty Bond means what the
bond will bring in the market at
particular time. Value means what
the bond is actually worth In the
case of Liberty Bonds they are worth
every penny stamped on the Bond
One hundred cents on the dollar.
Do not overlook the fact that If the
Government at some future time dur
ing the period of the war issues an
obligation bearing a higher rate OF
interest the present bonds are con-