New Britain herald., 1917-05-10
BONDS ] F0R 50 5 K..
 BIG LIBERTY .' LoAR ?.

McAdoo Announces Full Pardcu-
 lars Concerning War Fund
 s@s,s.gA .s.,s
 Washington, May 1o-secrstary Mo- Adoo announced last night the denom- nations. maturities and other terms Of the bonds of the "Iiberty I.oasilsaof 1917.
 The smallest bond was fixed by the sscretary's announcement It >So, bearer bonds. with interest coupons attached. will be issue4lzstn that sum and in dsnominations q a1oo, $500 and $l.0o0. Bonds rsgistarsdN N11S to principal and interest will bo isgued in denominations of 3100. $500, 3l,00o, $5.oeo, $1o.ooo $bo.ooo and s1oo. .eoo.
 All applications must be made by June Is. Payments may be made as follows: Two per cent. on .appuca- tions, Is per cent. June z8, 20 per cent. July 80, 30 per cent. Aug. 16 and 30 per cent. Aug. 30. Accrued interest will be payable with the nnal payment. s5-
 The conversion clause yves the laet detail of the iwue' to: be determined and it was fully discussed at con- ference held yesterday in the ofIlcs of Secretary McAdoo. in which the participants were Mir. McAdoe. Wh- liam Woodward, president of the Hanover National Bank of New York; L. B. Franklin, president of tho Bank CTS Investment Company of New York: John 6kelton Williams, control- Ter of the currency: W. F. c. Hardins. governor of the Federal Reserve retary of the treasury, and Georg4 Il. Cooksey, assistant to the secretary of the treasury. The bonds will carry the obligation on the part of the United States that If at any time during the war between the United States and 0Armany . sub seQuent issue of bonds shall be issued bearing a higher rats of interest than ! 3h per cent, the rate for the present issue. holders of this issue may con- vert their bonds into the new bonds with the higher rate on such terms and conditions as the secretary of the treasury may prescribe. The present offering. 1t was an- nounced, will be limited to 33, 0Oo, ,0oo.- 900. and mo allotments will be made ! in excess of that amount.'' This dis | poses finally of reports thaA Mr. Mo- Adoo had under consideration the ad- visibility of extending the amount ol the offer to include . percentage o1 the over-subscription which apparent ly will result when tho subscription books are closed June 15 next.
 In order to make the purchase o1 the issue convenient for the banking business of the country and disturb monetary conditions As little .as pos. sible, Secretary AEdAdoo will deposd1 the proceeds of ti,G slles ok bonds viii National and gtaS Mnks and Trusl companies.
 Secretary McAdoo,s Csrcular. [ Secretary McAdoo's statement giyin1 the denom1natons. .nlaturitie4.and oth CT details of the bond issuesfellows:
 The Liberty Loan bonds will Ina ture in thirty years and be redeem abl, tI Tn whole or in part, at option Of tho United States, on or after fffteen .vaa r, at par and accrued interest
 Tn order to avoid adding to th1 heavy burden of work incident to the July and January settlements, the secretary has determined that the Ldb- erty Loan bonds shall be dated June l5. 1917. instead of July 1, 1917, as heretofore announced. and that the Interest shall be payable June 15 and December IS in each year.
 Applications must be made on or before June IS, 1917, subject to the right of the secretary. in his discretion, | to close the subscription books at an earlier date, and payment for the bonds must be made as follows: Two per cent. on application. eighteen per cent. on June 28, 1917; twenty per cont. on July 30. 1917: thirty per cent. on August 16, 1917: thirty per cent. on August 30. 1917.
 Accrued interest will be payable 1 with the full and final payment. Pro- vision will be made for the privilege to pay earlier the full subscription price upon terms and conditions determined by the secretary.
 Tn case any subsequent series of bonds (not including treasury certifl- cates of indebtedness and other short term obligafions) shall be issued by the United States, bearing a higher rate of interest than three and one- half per centum per annum, before the termination of the war between the United States of America and the Imperial German &oyernment, (the date of such determlnstion to be fixed by a proclamation by the president of | tho United Statesl, tho holders of any of the bonds of the present issue shall have the privilege of converting the | same, upon. such terms and conditions as shall be prescribed by the secretary | Of the treasury, into an equal par