Bisbee daily review., 1917-05-23
NEW PLANS
 MADE FUR bOND SALE
Liberty Loan Certificates To Be Put On Market In Small Denominations To Stimu- late Sale.
(By Review Leased wire,.


 NEW YORK, May 22.-To enable persons of small means to buy Liberty Loan bonds on an installment plan basis, the Federal Reserve Bank of New York, in conjunction with the Liberty Loan committee is perfecting plan for the issuance of participa- ton certificates, it was announced to- night.
 The certificates probably will be in denominations of s10, will bear the same interest as bonds and may be exchanged for bonds when the hold CTS accumulate $50 worth.
 Although it is not proposed to have the certificates negotiable in the sense of $10 bank notes. the commit tee points out that they may become so in course of time, this depending entirely upon merchants and others to whom they may be rendered. The committee expresses hope that stores will buy the certificates and sell them over their counters to persons who would like to buy bonds. but whose means will not permit them to invest as much as $50 or s100 at one time.
 Still Another Plan Another plan was announced by the League of Cooperative Savings and Loan Associations. And individ- ual with s1, the league has decided, may purchase a bord on installments, with the understanding that the bal ance may be paid at the option of the buyer any time within a year.
 Under this plan, in the event the subscriber fails to pay for the bond within year, he may get back at any time the amount he has sub scribed with the accumulated interest at the rate of Sh per cent, based on ponthly balances, says the announce ment. "The organization makes no charges for the service" The league states its offer is open to all and that purchasers are not required to fur nish references of any sort.'
 Teddy Invests
 lThe Federal Reserve Bank of New York issued a statement tonight that it had established special rate of of re-discount of S1s per cent for paper given for the purpose of pur- chasing Liberty Loan bonds of the government about to be issued, such paper having a maturity of not exceed ing 90 days" This special rate, it was stated, will apply to the re-dis- count of the paper which has been secured by a pledge, from the custo- mer to the member bank, of the United States bonds on interim re- ceipts there for United States certifi cates of indebtedness.
 In letter today to Guy Emerson, secretary of publicity of the Liberty Loan Committee. Col. Theodore Roose- welt asserted it is The duty of every man and woman in this country who can possibly to afford to do so to buy Liberty Bonds in order that guns, ammunition. food and clothes may be promptly and freely furnished to our soldiers who go to the front" Col. Roosevelt said he had invested in the bonds.
 "Sky Advertising"
 As an encouragement to aviators throughout the country to participate during the week of June 4 in Lib erty Loan Aerial Rally" the Aerof Club of America has arranged to pre- sent s100 bond to each fiier who reaches the destination assigned to him. Flights probably will be ar ranged from many eastern cities and from San Antonio, Texas. and Colum- bus. N. M., to cities in those states,