Catoctin clarion., 1917-05-24
The : Liberty Loan Bond.
What 1t Is; Why You Should
Own One; It's Advantages.
What Is A Liberty Loan Bond !?

n
A Liberty Loan Bond is solemn prom
ise of the United States to pay at matur-
;tv the amount of the bond to the holder
thereof, and to pay interest semi-annual-
" each year from the date of the issu'
ance of the bond until it is fully and
finally paid.
What Is The Security For A Liberty
Loan Bond?
The faith and honor OF the Uhlted
States; backed by all of the resoucs "i
the nation and tine American people. 2
Lib.l,y Loan Bond is mortgage on ~
the resourc. and taxing powers OF tn
Government nd all of the r. sou c's =,
the American people.
What Is The Nature OtA Liberty L"ah
Bond?
There are two kinus of Liberty L"a
,rds. Bearer Bon ds are t" be i"Sut
dnnominations of Ssh, $iOo $500, nm
81 600. These Bearer Bonds, which an
made payable TO bearer, have mteres !
coupons attached which are detached /!
: Ne holder when the interest il s,ailmen'
the, represent are due, ard cal b" cast :
ed at any bank the same as Uh'tec
States Treasury note.
Registered bonds are to be lSSu,c'
which are registered as to both printlp
and interest, in denominations OF Stuo,
800, 81 COO, SIS, 600, $4,000, $50.oOO, and
SlOO. .Uu0; checks for the amount OF inter
est due will be mailed out semi-annua
t. the holders of these registered bonds.
What Are The Terms or A Liberty
Loan Bond?
Liberty Loan Bonds of the first issue
of 81, GOO, 600, 900 are to bear dat, OF June
Is, 1917, and to run for thirty years, ex-
cept that the Government reserves the
right to pay them fifteen years ntte'
date. Ii this right is not exercised b.!
the Government fifteen years from date.
the bonds will run the full thirty yelrs
These bonds bear interest at 50 pei
cent per annum, and the interest Is pay
able semi-annually on the fifteenth day
of December and the fifteenth day Of
June in each year.
What Special Advantages Have These
Liberty Loan Bonds?
One special advantage no other bonds
National, state. municipal, Or corporat'.
have is that if the United States durln.
the Continuance of this war shall lssu,
other bonds at higher rate of interest.
the holders of these Liberty bon1o hav'
the right to exchange their Liberty bond
for bonds bearing the higher rate Of III
terest, dollar for dollar.
What Other Special Advanta Srs /"
These Bonds POsstsSp
They are non-taxabie. ii your city
county, and State taxes are thre" mil
on the dollar not unusual tax, the",
bonds are equivalent to ordinary corp "
ate bonds or other investments bcarln-
81 per cent.
In addition, no Federal tax which wa
conditions may later make necessary WI
affect these bonds. The only tax thes
bonds are subject TO is the inheritanc'
tax, which applies to all property OF al
kinds whatsoever.
How Liberty Bonds Obtained?
Blank form of application for the pur
chase of these bonds can be obtained
from the Treasury Department, any Fed
eral Reserve Bank, any National, State
or private bank, any express office, and
any post office in the United States. Amy
bank or postmaster will aid applicant in
filling out his blank and the other acts
necessary to obtain these bonds.
If these Bonds Are Desirable, Why Is
Ii Necessary 70 Advertise Them?
1t is not necessary to advertise these
bonds to sell the whole issue, but it is
earnestly desired that this loan shall be
a popular loan, loan by and from the
people at large of the United States, and
rot alone from banks, trust companies,
and financiers. To that end bonds are to
be issued of small denominations. and
subscribers for small amounts are TO be
supplied before the subscribers for large
amounts are granted their full subscrip-
tion.
Is IL Patriotic To Purchase Bonds?
Yes; every American who subscribes
to the Justice of the ecourse of the UAited
States in entering and conducting the
war we are now engaged in should sub
scribe to the Liberty Loan Bond issue to
the extent of his or her financial ability
Every American who loves America
and is jealous of America s honor should
subscribe to the Liberty Loan Bond issue
The real success of the loanis TO be more
determined by the number of Americans
participating in it than by the amount
subscribed. The spirit of the nation is
going to be judged abroad, especially by
our enemies, more by the number of its
American men and women who support
this bond issue than by the mere amount
of money subscribed.
Why Liberty Loan?
The SIS, 900, 900, 900 bond issue of this
year is named 1.-THE Liberty Loan OF
1917 because it is to be loan from a
free people to be used in freeing the