South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-05-23
PLANS A LIBERTY
BOND FOR ALL
One Dollar to Start the Pur-
chase on InStaIIment Plan
is Newest Wrinkle.

NEW YORK, May 23.-To enable
persons Of small means 10 buy Lib
erty loan bonds on an installment
basis the federal reserve bank Of
New York in conjunction with the
Liberty loan committee is perfect
ing a plan for the issuance Of parti-
cipation certificates, il was an
nounced Tuesday night.
The certificates probably will be
i'm denominations Of $40. They will
bear the same interest as bonds and
may be exchanged for bonds when
the holders have accumulated the
required $50 worth.
Hope Stores Will Buy
Although il is not proposed 10
have the certificates negotiable in
the sense of $40 bank notes, the
committee points out that they may
become so in the course of time. this
depending entirely upon merchants
and others 10 whom they may be
rendered. The committee expresses
the hope that stores will buy the
certificates adm sell them over the
counters to persons who would like
TO buy bonds, but whose means will
not permit them to invest as much
as $50 or 500 at one time
Another plan to enable persons Of
small means TO purchase bonds was
announced by the league OF coop
erative savings and loan associations
operating under the national defense
share law, which recently was ap-
proved by Gov. Whitman. Any in
dividual with one dollar. the league
has decided, may purchase a bond
on installments, with the under
standing that the balance may be
paid at the option of the buyers at
any time within a year.
Under this plan, in the event that
the subscriber fails to pay for the
bond within a year he may get back
at any time the amount he has sub
scribed with the accumulated inter-
est at the rate OF ID percent
based on monthly balances" said
the announcement. The organiza-
ton makes 10 charge for the sery-
ice"
To Cut All Red Tape.
The league will not contine its
sales 10 members, but states that its
offer is open to all and that ''pur-
chasers are not required TO furnish
references of any sort" Its object,
il adds lis 10 cut all red tape and
make the purchase of Liberty bonds
as simple as the purchase of loaf
of bread"
The federal reserve bank of New
York issued a statement Tuesday
night 10 the effect that it had es-
tablished a special rate of re-dis-
count OF 1-2 percent for paper Civ
en- for the purpose of purchasing
Liberty loan bonds Of the govern
ment about 10 be issued. sucn paper
having maturity of not exceeding
80 days"
AViatOrS TO Participate.
As an encouragement to aVaiators
throughout the country TO partici-
pate during the week of June in a
Liberty loan aerial rally" the Aero
Club Of America has arranged 10
present a 500 bond TO each flyer
who reaches the destination assigned
to him. A statement by the COM
mittee in charge of the rally indicat-
ed that flights would probably be
arranged from Governors island
headquarters of the east. as we'll as
the aviation field at Mineola, Long
island 10 Philadelphia, Troy, Albany
and Buffalo; from Essington. Pa. TO
Harrisburg, Pittsburgh and other
points: from Newport News 20 Bal
timore. Richmond. Raleigh, y. G..
Lexington. Ky; from Buffalo. y. Y.
20 Erie. Pa, Cleveland. Akron, De-
troit and Toledo; from Boston 10
Portland. Maine. and cities in New
Hampshire and Vermont; from De-
troit TO Dayton, Cincinnati, Indi-
annapolis, South Bend and Grand
Rapids; from Chicago to st. Louis,
Springfield H.. Davenport and Des
MOiaes, Ia. and Minneapolis; from
Memphis TO Nashville. Tenn, Biz
mingham, Ala, jackson, Miss. and
Little Rock. Ark; from Fort Omaha
10 Kansas City, st. Joseph. Mo-. and
several cities i'm Kansas, Nebraska,