The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-06-02

Newport Iurpentlne q ROSln Com
pany in or around Pensacola, every
one of whom General Manager Logan
hopes, will buy at least one bond.
These bonds will be purchased in Pen
sacOla, and not, as originally planned,
in Milwaukee.
The parent organization has about
twenty-five companies, of which the
| local concern is one, and its employees
will take about three million dollars
worth of bonds. These companies
are scattered throughout the country,
/ but it was at first intended that all
| the bonds should be purchased
| through the Milwaukee office.
Chairman Mitchell, of the local Lib
| erty Bond Committee, however,
showed Mr.. ESgan the unfairness of
| such a proposition, and that gentle
man took the matter up with Mil
waukee, with the result that the
bonds will be purchased where the
| loans are subscribed.
The following circular issued by
| the Newport company explains the
method that will be followed and how
the employees will be assisted in the
purchase of bonds, and also tells how,
/
| pie will benefit from investing in
the government bonds.
The Circular.
We wish to advise that the COM
pany has decided to assist all of its
employees in the purchase of Liberty
Loan bonds now being offered by your
| government. The bonds draw 1-2
per cent interest and are in denomi-
nations of $50, 500, $500 and $1,000
The company is willing and will make
the following arrangement for you
1t will purchase the bonds to the
amount of your subscription anC
carry them along at 3 1-2 per cent in.
terest, you to nay the company il
equal monthly THstallments for si2
months, at ting end of which time
you will have completely paid for i
and the company will turn over t.
you bond of the denomination which
you have purchased. You will be Wis
tied by your foreman with a subscrip
ton list, and you will request of hin
the amount or number Of bonds you
Wish to take, and the company viii
deduct One-siXTn of the cost of thu
bond from your check until paid for
So much for the privilege EXTENDED
you by your company.
We want to explain to you the bust
ness phase of the Liberty Loan bond
Your government has considered i
wise to issue these bonds for a periOC
of Is years, during which time b!
means of taxation it will accumulate
moneys to redeem these bonds with
therefore you will understand the
government only borrows this money
from you and pays you very liberia
interest for its use, thus extending
the term of taxation to cover the eX
penses of this war over a period o
Is years TaSSGr than OSer a yer!
short period, which would mean yer,
/ high taxes. Your first thought IS a
to whether you should buy a Libert,
Loan bond or not, it being a custom
! airy impression that bonds are not 70
poor people; men working for wage
, cannot afford to be buying bonds. AM
as a general thing there is a gOOt
I bit of truth in this, but in this par
tiCular instance understand that thi
is a bond of your gOvernment-th
safest investment in the world, ant
one in which you can procure imme
diate loan from any bank at tn
highest value any bond has ever com
manded, therefore it is not putting
aside money for which you will no
have its use for fifteen years. Yol
are saving your money and lending /
in defense of your own country ant
the ideal of liberty Returning nov
) to the time when YOU may need thi
money which you have saved and in
vested in these bonds, you will fnc
your bonds represent to YOU practi
cally the same thing as a bank &C
count, as any bank will loan yol
money against your Liberty Bond a
n security just as readily as the,
would honor your check against you
] account. For an example, let us sup
3 pose that you are the holder of on
$50 Liberty Loan bond, and in on
month, or say 81 years from the tim
you have purchased it. you requfr
|, $45 at once, YOU need only go TO an,
bank and offer your Liberty Loan bon
as security and they will loan yor
4. L .