The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1917-05-31
(By Request Of Treasury
Department.
What i. a Liberty Loan Bond?

What Is a Liberty Loan Bond!
A Liberty Loan Bond is So
iemn promise of the United States
to pay at maturity the amount of
the bond to the holder thereof.
and to pay interest semianhually
each year from the date of the il
suance of the bond until it is full
ly and finally paid.
What il the Security of Liberty
Loan Bond?
The faith and honor of the Uni
ted States, backed by all the re-
sources of the United States and
the American people. A Liberty
Loan Bond is mortgage on ali
the resources and taxing powers
of the Government and all the re-
sources of the American people.
What is the Nature Of a Liberty
Loan Bond?
There are tW o kinds of Liberty
Loan bonds. Bearer Bonds a, e
to be issued in denominations of
$50, 500, $500 and $1,000. These
Bearer Bonds, which are mace
payable to bearer, have interest
coupons attached which are de-
tached by the holder when the in
terest installments they represent
are due, and can be cashed at any
bank the same as United States
Treasury note.
Registered bonds are to be is
sued. which are to be registered
AZ 20 both principal.and interest,
in denominations of 500, $500,
$1,000. $1,000. $40, 600, $50. 600.
and 300, 900; checks for the
amount of interest due will be
mailed out semiannually to the
holders of these registered bonds.
What Are the Terms of Liberty
Loan Bond?
Liberty Loan Bonds Of the first
issue of$2, 600, 600. 900 are to bear
date of June Is. 1917, and to run
for thirty years. except that the
Government reserves the right to
pay them off fifteen years after
date. If this right is not exer-
cised by the Government fifteen
years from date. the bonds will
run the full thirty years.
These bonds bear interest at
3 IL per cent per annu.n, and
the interest is payable semian-
nually on the fifteenth day Ut De
cember and the fifteenth day of
June in each year.
What Special Advantage Have
These Liberty Loan Bonds?
One especial advantage no 9th.
er bonds, National, State, Munich.
pal. or corporate, have is that if
the United States during the con-
tinuance of this war shall issue
other bonds at a higher rate of
interest. the holders of these
Liberty bonds have The right to
exchange their bonds for bonds
bearing the higher rate ofinteFest
dollar for dollar.
They are nOntaxable. If your
city, county and state taxes are
three imills on the dollar, rot
unusualltax. these bonds are equi.
valent to ordinary corporate bonds
or other Investments bearing 81
per cent.
In addition, m Federal tax
which war conditions may later
make necessary will effect these
bonds. The only tax these bonds
are subject TO is the inheritance
tax. which applies to all property
of all kinds whatsoever.
How Are They Obtsined7
Blanks forms of application for
the purchase Of these bonds can
be obtained from the Treasury
Department, any Federal Re-
serve Bank. any National. State
or private Bank, any express Of
flee and any Post Office in the
United States. Any bank or
postmaster will aid applicant in
filing out his blank and the other
acts necessary to obtain these
bonds.
If Bonds Are So Desirable
Why Advertise
1t is not necessary 10 advertise