The Birmingham age-herald., 1917-09-28
IF NOT EXERCISED

1T sNOl EALhOl6ED
 'If the privilege of conversion so conferred shall once arise. and shall not be exercised with respect to any bonds of the present series within the period above prescribed. then such privileges shall terminate as to such bonds and shall not arise again though thereafter bonds be issued bearing interest at higher rate or rates than four per cent per annum.
 subscription for the bonds must reach the treasury department, Wash ington. D. O., federal reserve bank or branch thereof or some incorporated bank or trust company in the United States (not including outlying terri tories, and possessions) on or before the close of business October 27, 1917 The applications must be accompanied l by payment of two per cent of the amount applied for. and subsequent installments upon bonds allotted will be due as follows:
 TIME OF PAYMENTS Eighteen per cent on November
 IS. 1917.
 Forty per cent on December IA 1917.
 | Forty per cent on January Is, 1917 l "On the latter date accrued interest l on the deferred installments will also | be payable.
 "I am very glad to be able to an | nounce that by authorizing the en- graving of these bonds with only four coupons attached instead of the full 1 plumber of 50 coupons. 1t will be pos sible to have the actual bonds ready for delivery as soon as full payments are completed. thus avoiding the trou- ble and delay incident to the issue oi l interim receipts or temporary bonds On and after November 15. 1917. the | holders of the bonds will have oppor tunity to exchange them for new bonds | having attached thereto coupons foi
 the balance of the period for whicf 1 the bonds will run.
 DELIVERY AT ONCE 1 Tt is also expected that on or abou, 1 October 10, 1917. there will be in tht
 hands of the several federal reserve l banks supply of these new bonds
 ready for immediate delivery to sub- l scribers in amounts not in excess o1 5000 to any one subscriber against
 payment in full. thereby avoiding IT
 such cases the trouble incident t waiting until after allotment for de l livery.
 Plans are also being perfected whereby the banks all over the coun- 1 try can obtain bonds for the mak- l ing of prompt delivery against these 1 small subscriptions As the bonds vii bear interest from November Ia and as
 those who pay in full prior to that time will not obtain any interest or their money until that date, this is offered as an alternative proposition
 to those who are anxious to obtain
 immediate possession of the bonds fol
 which they subscribe. The reason this 1 offer will be limited to amounts oi
 not over 5000 to any one subscriber is
 that all subscriptions in excess of this 1 amount will be subject to allotment. | The campaign for the sale of these
 bonds will open Monday, October
 and will close Saturday. October 27.
 confidentially hope that when the campaign is over 1t will be found that the total number of subscribers Is al
 least 10000oo0. and the total subscrip- tions in excess of $5.000 .000,000. Such I response would be notice to our enc mics that the American people as 2
 whole intend to support with all theil l power their government fin the vigor ous prosecution of this war and the
 achievement of an early and lasting peace.'