Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1917-10-13

The bonds of the second issue of the
Liberty Loan are to be issued under
the act of Congress approved by the
President September q, 1917.
The amount of the issue will be
$4,000, 100000 or more; $3,000,000,-
600 will be offered, and the right is
reserved to allot bonds in excess of
that amount to the extent of one
half of the oyersubscription. That
is, il SIS, 600, ,000,00 is subscribed the
right is reserved to issue $1,000
600 more than the $3,000,000,000.
The bonds will be offered for sale
on October /, 1917, and subscriptions
will be received unfit the close of the
business day of October 27.
The bonds will bear date Novem-
ber Is, 1917, and will mature No
vember Is, 1912. But the Govern
ment reserves the right to call in and
pay the bonds in full, with accrued
interest, any time after 10 years
after their date.
The bonds are convertible gold
bonds and bear a per cent annual in
terest. the interest payable semi
annually on May Is and November
Is of each year.
The bonds are exempt both as to
principal and interest, from all tax
alton now or hereafter imposed by
the United States, any State, or any
other possessions of the United States
or by any local taxing authority, ex-
cepa (a) estate or inheritance taxes
and (b) graduated additional income
taxes, commonly known as surtaXes,
and excess-profits and war-profits
taxes now or hereafter imposed, They
are not liable to the ordinary Federal
income tax
The interest on an amount of
bonds the principal of which does not
exceed $4,000, owned by an individ-
ual, partnership, association, or cor
poration, are exempted from the taxes
provided for in clause (b) above.
The right is given the holder of
the bonds to exchange them for bonds
bearing a higher rate of interest if
any such shall later be issued by the
United States before the termination
of the war. This conversion privi-
lege must be exercised. If at all with
in six months after the issuance of
such higher-rate bonds.
The second issue of Liberty Bonds
will be of two kinds, registered and
common.
The registered bonds will be regis
tered at the Treasury in the names of
their owners and will be of the de-
nominations Of $50, 500, $500,
$1,000 $4,000, $4,000, and $1,000
Checks for the interest on these
bonds will be mailed from the Treas
ury to the owners each semiannual-
interest date.
The coupon bonds will be payable
to bearer and will have coupons at
tached for the interest They will be
In denominations of $50, 500, $1,000
$4,000, and $4,000. The coupons
can be cashed like Government
check at any bank
The coupon bonds of this loan will
have only four coupons attached,
representing the semiannual interest
for two years. Between November
Is, 1919 and May Is, 1920, the
holders of coupon bonds must ex-
change their bonds for new bonds
having full set of coupons. These
temporary bonds are issued because
the work of engraving so many bonds
with so large a number of coupons
attached can not completed within a
reasonable time for delivery.
Bonds of the Second Liberty Loan
can be purchased by filing out an
application blank made on the form
prescribed by the Secretary of the
Treasury, which can be obtained from
any bank or Liberty Loan Committee,
and selling 1t or having it sent to
the Treasury of the United States or
any Federal Reserve Bank or branch
accompanied by the payment of
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