Valdez daily prospector., 1917-10-11
CAMPAIGN FOR
LIBERTY B! LOAN
Secretary of War Instructs Command.
ers of Posts to Open Aggressive
Campaign for Funds

First Lieutenant M. H. Faust, COM
manding officer of the local signal
corps station, received a telegram last
evening from the Secretary of War in
structing him to start an aggressive
campaign in Valdez for the new 49,
O0O,0O0,000 Liberty Loan bonds. 1t.
Faust is instructed to arrange for
SPEAKERS, and to use his utmost en-
deavors for the pronounced success
of the bond sale. The commanding
officer is directed to cooperate with
local organized civil agencies and to
report the totals of all subscriptions
to the department each week. The
bonds are in denominations of $50 or
multiples thereof, and bear interest
of four per cent from November Is,
1917.
The terms of payment for the bonds
are two per cent with application, Is
per cent November is, 40 per cent
December Is, 1917; 40 per cent
January Is, 1918, with accrued in
terest on both deferred instalments.
Payment in full of any subscription
for bonds not to exceed 500 at face
value without interest may be made
with application. Definite instructions
for handling the applications by OPP
orators given later. All services in
this connection must be made as
patriotic duty, as no commissions will
be allowed.
Officers, enlisted men and civilian
employees in military posts may pur-
chase bonds of the second Liberty
Loan, using the allotment system now
prescribed for enlisted men and exc
cuted not later than the 25th Of Octo-
ber in favor of the federal reserve
bank of New York City for each $50
bond subscribed for $5.O per month
for nine months and $4.75 for the
tenth month commencing October 1
this year and expiring July 81 next
year.
For the purchase of a $50 Second
Liberty Loan bond the allotter will
endorse on the back of the allotment
the name and address of person to
whom he wishes the bond sent when
paid, or whether he desires the War
Department to hold it in trust until
called for. The original allotment will
be mailed direct +" the depot quar-
termaster in Washington in an en-
velope marked Army Second Liberty
Loan"
AS many $50 bonds may be al
lotted for as desired but no allotment
will be accepted that does not begin
October 1 and complete payment in
ten months. No allotment will be dis
continued except upon the separation
of the allotter from the service.
The privilege of purchase bonds
in this manner is authorized with the
distinct understanding that in case
the allotter is separated from the SER
vice the bonds will be sold at market
value and his share of the proceeds
turned over to him or his legal repre-
sentatives in the event Of separation
dueto death. An accurate account will
be kept of allotments made and on
October 25 the amounts of money
subscribed for bonds will be telegra-
phed to the department. Bonds will
then be held for the amount wired
for.
Permanent civilian employees should
transmit their allotments thru the Of
ficer under whom serving, who will
make a record thereof and see that
entry is made on payrolls so as to
insure deduction of amount allotted.
Instructions permitting officers in
command of permanent civilian en-
ployes on duty beyond the continent
al limits of the United States, to make
allotments of pay for the support of
families or dependent relatives will
be issued shortly. The war insurance
bill makes 1t compulsory to make al
lotments only in case the soldier has
wife or children. Compulsory depos-
Its are left to the discretion of the
Secretary of War and can only be
made provided one-hah of soldiers
pay is not allotted for liberty bonds
or other purposes.
Second Liberty Loan bonds bear
interest at four per cent from Novem-
Der Is. 1917. payable semi-annual
May Is and November Is each year,
and redeemable at the option Of the
government at par and accrued inter-
est on and after 10 years and are due
ID twenty-five years at PAL. with ac-
'efued interest. Bonds are non-taiabls