The Brinkley argus., 1917-10-12
IgIDDD GHEsFull PLANTATION 0F SECOND |I[RJyLOAN BOND ISSUE
.,v HEAD OUTLINES lN- rNT AS IT AFFECTS .ru LARGE AND sMALl ,'escRlpTlONS - ITS sOT TAX EXEMPTIONS.


 !9rS LARGE AND sMALL
 'e,H 'e.,"HsscRlPTIoNs = ITS
 sDTsEx TAX EXEMPTIONS.
 of interchangeable coupons
 '.. Early Delivery to suyers
 Fs Fs,sI.-sonds Convertible
 Tn ,rto subsequent lssues-
 arlington, D. C.-secretary Me
 i a announced the details of the
 2, '1I Liberty Loan. which has just
 l arsred to the public. The chief
 ami, ss,oo0.O00. 900 or more. the
 mi to exceed one-half of tho
 2, 0 oversubscription-
 '. ot Bonds-Maturity. 26 years:,
 s.hla st the option of the seo-
 m the treasury in 10 ysarA
 s.,ninataons of Bonds-SS0 and ~ ot &s0.
 .s.st Rste-Eour per .can4 paE,
 ..nt annually on Novemhos "
 " E.
 .s of Payment-ywo pes cent
 .nol,cation. IS per cent Nov. 1S. !, oept Dec. 15 and 70 per cent
 K 1918. The privilege of con ,hr bonds of tRis issue into bonds {, succeeding issue bearing a high s,srest rate than { per cent dur
 ha period of the war is extended,
 through an arrangement under A bonds will be printed with only
 ,mpons instead of 50 (to be ex- ,ssd at the end of two years for
 @nds containing the full number rnuons) deliveries will be prompt. Al. manner the issue of interim acates will be avoided.
 McAdoo's Announcement.
 sretary McAdoo's announcement as follows:
 gth the approval of the Presi-
 Il have determined to offer, Oct. IIar s300O,0O0,000 or more worth United States convertible gold N due Nov. 15, 1942, ana subject rdsmDdon at the option of the e5 States at par ana accrued in sa oa and after Nov. 15, 1927. The N will pear interest from Nov. uf. and the interest will De pay m May Is and Nov. Is h each .Tba exact amount of bonds to be usd under this offering will depend the amount of subscription re- led It Is, Of course, to be expected
 subscriptions considerably in ex-
 of 5000, O,000,000 will be received, \ h that event the right is reserved llot bonds in excess of @, ,000.000,- ' to the extent of not over one-half ls sum by which the subscriptions dvsd exceed $3,OO0.00 900. In oth- vords, if subscriptions to the ex. h of 5000, 100000 are filed $4.000.- kpp0 of bonds may be allotted. | M Par and Accrued Interest Inc bonds will be offered as be-
 at par and accrued interest, and l be in denominations of $50 and Nipples thereof.
 The bonds shall be exempt, both as SFhcipal and interest, from all tax a now or hereafter imposed by the taed States, any state or any of the Hessions of the United States or any local taxing authority except ) estate or inheritance taxes and ' graduated additional income tax keommonly .nown as surtaxes, and FsS profits and war profits taxes, EOr hereaiter imposed by the Unit States upon the income or profits Individuals, partnerships, associa- (S or corporations. The interest on amount of bonds and certificates Florized by said act the principal Fshlch does not exceed in the aggre- Eh 5000, owned by any individual, Elership, association or corpora |n shall be exempt from the taxes |Hlded for in clause (b) above. |'i subsequent series of bonds |al including United States certifi- Fs Of indebtedness, War-saving cer- FGates and other obligations matur- knot more than five years from the Fs of such obligations. respectively slng interest at 8 higher rate than |kf cent per annum shall. under the loflty of said act approved Sept. IVY. or any other act, be issued ne United States before the termi- Noa of the war between the United Rl~ and the Imperial German Gov lsat tthe date of such termination Y liked by proclamation of the adent of the United States). then Aoldsrs of bonds of the present M inall have the privilege. at the e@ @ Of the several holders. of con .uas bonds. at par. into bonds bear ncn eigher rate of interest. at the " price of bonds of such subse- a! series. not less than par. with 1lustment of accrued interest. !. Conversion Privilege.
 'aca conversion privilege must be siused, if at all. at any time within Ysriod. after the public offering of aus ~ or such subsequent series, be- 'liag at the date of issue of bonds ~ ,aca subsequent issue, as such date U Oe liked in such public offerings, sfminating six months after such \ ol Issue, and under such rules