Crossville chronicle. [volume] (Crossville, Tenn.) 1894-current, 1917-10-17
SECOND LIBERTY LOAN BONDS
The Amount Offered, How Obtained and
0thsr information.

The bonds of the second issue of the
Liberty Loan are to be issued under
the Act of Congress approved by the
President September 2, 1917.
The amount of the issue will be 49,
900, 600, 900 or more; 5000, 900, 900
will be offered, and the right is re-
served to allot bonds in excess of that
amount to the extent of one-half of the
600, 900 is subscribed the right is re-
served to issue $1,000. 900. 900 more
than the $4,000, 900, 600.
The bonds were offered for sale on
October l, 1917, AMI subscriptions will
be received until the close of the busl-
ness day of October q.
The bonds will bear late November
Is, 1917, and will mature November
Is, 1912. But the Government re-
serves 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 4 per cent annual interest,
the interest being payable semlannu-
ally on May Is and November Is of
each year.
The bonds are exempt, both as to
principal and interest, from all taxa
ton now or hereafter imposed by the
| United States, any State. or any other
possessions of the United States or by
any local taxing authority, except, (a)
estate or inheritance taxes, and (b)
graduated additional income taxes,
commonly known as surtaxes, and eX
cess profits and war-profts 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
SIS, 900, owned by any individual, part
nershlp, association, or corporation, are
exempted from the taxes provided for
IN clause (b) above.
The right is gwen to holders of the
bonds to exchange them tor bonds
bearing higher rate of interest if any
such shall later be issued by the United
States before the termination OF the
war. This conversion privilege must
60 exercised, IT at all, within SIX
months after the issuance of such
hlgher-rate bonds
THE BONDS
The second issue of Liberty Bonds
will be of two kinds, registered and
coupon.
The registered bonds will be regis
tered at the Treasury IN the names of
their owners and will be of the denom
nations OF $50, $40 $500, $1,000, S5.-
080, $4,000. and 500. 900. Checks tor
the interest on these bonds will be
mailed from the Treasury the owners
each semlannual-intreest date.
The coupon bonds will be payable to
bearer and Will have coupons attached
for the interest. They will be IN de-
of $50, 500. $500. $1,000,
IS, 900 and $1,000 The coupons can be
nashed like a Government check at any
bank. .
The coupon bonds of this loan will ,
have only four coupons attached, rep
resentIng the semi-annual interest for
two years. Between November Is, .
1919, and May Is, 1920, the holders of
bonds tor new bonds having full sets ,
If coupons. These temporary bonds
are issued because the work of engrav-
ng so many bonds with so large a
lumber of coupons attached can not be
completed within reasonable time for
PURCHASE or BONDS. 7
Bonds of the Second Liberty Loan
IAN be purchased by filling out an ap-
ollcation blank made on the form pre- =
cribed by the Secretary of the Treas
Try, which can be obtained from any ,
,ank or Liberty Loan Committee, and
ending il or having it sent to the 4
treasury of the United States or any :.
federal Reserve bank or Branch &C.
by the payment of 2 per I
ent of the amount of bonds applied
or. l.,
These applications must reach the
treasury Department, a Federal Re- S
erve Bank or branch thereof, or some
or trust company IN the -
United Stated on or before the close of 4
usiness October II. 1917. Practically
yery hank in tho limited States will =,