Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1917-05-23
Then follows list of the states, in
Guiding Iowa, where the foregoing law
will be enforced.
LIBERTY LOAN BOND.

holder thereof, and to pay interest
semi-annual1y each year from the date
of the issuance of the bond until it
is fully and finally paid
What is the security for Liberty
Loan Bond?-The faith and honor of
the United States, backed by all of
the resources of the nation and the
American people. A Liberty Loan
Bond is a mortgage on all the re-
sources and taxing powers of the
government and all of the resources
of the American people.
What is the nature of Liberty
Loan Bond?-There are two kinds OF
Liberty Loan Bonds. Bearer Bonds
are to be issued in denominations OF
$50, $780, $500 and $1,000. These
Bearer Bonds, which are made pay
able to the bearer, have interest cou-
pons attached which are detached by
the holder when the interest install
ments they represent are due, and
can be cashed at any bank the same
as a United States Treasury note.
Registered bonds are to be issued
which are registered as to both prin-
cipal and interest, in denominations
of 500, $500, $1,000, $4,000, $4,000,
$4,000 and $1O0.0OO; checks for the
amount of interest due will be mail
ed, out semi-annually to the holders
of these registered bonds.
What are the terms Of Liberty
Loan Bond?-Liberty Loan Bonds of
the first issue of $4,000 100000 are to
bear date of June Is, 1917, and to run
for thirty years, except that the gov
eminent reserves the right to pay
them fifteen years after date. If this
right is not exercised by the govern
ment fifteen years from date, the
bonds will run the full thirty years.
These bonds bear interest at IL
per cent. per annum, and the interest
is payable semi-annually on the fiji
teenth day of December and the fif-
teenth day of June in each year.
What special advantages have these
Liberty Loan Bonds ?-One especial ad-
vantage no other bonds, National,
State, municipal, or corporate, have is
that if the United States during the
continuance of this war shall issue
other bonds at higher rate of inter-
est, the holders of these Liberty bonds
have the right to exchange their Lib
erty bonds for bonds bearing the high
er rate of interest, dollar for dollar.
What other special advantages do
these Bonds possess ?-They are non
taxable. If your city, county, and
state taxes are three mills on the dol
lar, a not unusual tax, these bonds are
equivalent to ordinary corporate bonds
or other investments bearing 6 IL
per cent. .
In addition, no Federal tax which
war conditions may later make nee
essary will affect these bonds. The
only tax these bonds are subject to
is the inheritance tax, which applies
to all property of all kinds whatso-
ever.
How are Liberty Bonds obtained?
forms of application tfor the
purchase of these bonds can be OBJ
tanned from the Treasury Depart
ment, any Federal Reserve Bank, any
National, State, or private bank, any
express office, and any post office in
the United States. Any bank or post
master will aid applicant in filling
out his blank and the other acts
necessary to obtain these bonds.
If these Bonds are so desirable why
is it necessary to advertise them ex-
is not necessary to ad-
vertise these bonds to sell the whole
issue, but it is earnestly desired that
this loan shall be popular loan, a
loan by and from the people at large
of the United States, and not alone
from banks, trust companies. and
fininciers. To that end bonds are to
be issued of small denominations, and
for small amounts are
to be supplied before the subscribers
Tor large amounts are granted their
full subscription.
Is it Patriotic to purchase these
Bonds ?-Yes; every American who
,ubscribes to the justice of the course
If the United States in entering and
the war we are now en-
gagged in should subscribe to the
Liberty Loan Bond issue to the ex-
:ent of his or her financial ability.
Every American who subscribes to
he belief that an American should
stand by his country should sub
scribe to the Liberty Loan Bond is
,ue
Every American who loves America
md is jealous of Americas honor
should subscribe to the Liberty Loan
Bond issue. The real success of the
oan is to be more determined by the
number of Americans participating
n it than by the amount subscribed.
The spirit of the Nation is going to
)e judged abroad, especially by our
enemies, more by the number OF its
American men and women who sup
port this bond issue than by the mere
amount of money subscribed.
Your Patriotic Duty-Buy Liber-