Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1917-10-19


the Treasury shall have prescribed.
The bonds to be issued upon such con.
version Of bonds Of the present series
shall be substantially the same In
form and terms as shall be prescribed
by or pursuant to law with respect 10
the bonds Of such subsequent series.
not only as to interest rate but also as
to convertibllity (if future bonds be
issued at still higher rate Of inter.
esD or non-convertibility and as to
exemption from taxation. II any. and
In all other respects, except that tbs
bonds issued upon such conversion,
shall have the same dates OF maturity
of principal, and Of interest, and be
subject to the same terms of redemp-
ton before maturity, as the bonds
converted; and such bonds shall be Is
sued from time to time II and when
and TO the extent that the privileges
OF conversion 30 conferred shall arise
and shall be exercised.
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 a higher rate or
rates than 4 per cent per annum.
Subscription for the bonds must
reach the Treasury Department.
Washington, d. c., Federal reserve
bank or branch thereof or some In
corporated bank or trust company In
the United States mot including out
lying territories and possessions) or
or before the close Of business Oct. "a,
1917. The application must be accom-.
panied BY & payment Of Q per cent Of
the amount applied for and subse-
quent installments upon bonds allot-
ted will be due as follows:
Eighteen per cent on Nov. Is.
1917; 40 per cent on Dec. Is, 1917; 40
per cent on Jan. 10. 1918. On the lat. |
ter date accrued interest on the de
ferred installments also will be pay
able.
u am very glad to be able to an
nounce that by authorizing the en-
craving OF these bonds with only four |
coupons attached instead OF the full |
number OF 30 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-
BILE and delay incident to the issuance |
OF interim receipts or temporary
bonds. On and after Nov. 10, 1919,
the holders OF the bonds will have Cd
to exchange them for new
bonds having attached thereto cou-
pons for the balance of the period for
which the bonds will run.
Immediate Delivery.
1T is also expected that on or about
Oct. 10. 1917. there will be in the
hands Of the several Reserve banks a
supply OF these new bonds ready for
delivery to subscribers in
amounts not In excess of 81 900 to any
one subscriber against payment In
full. thereby avoiding. in such cases,
the trouble incident to waiting until
after allotment for delivery.
plans are also being perfected
the banks all over the coun.
try can obtain bonds for the making
Of prompt delivery against these
small subscriptions. AS the bonds
will bear interest from Nov. 10. and
as those who pay in full prior to that
time will not obtain any interest on
their money until that date. this is
offered as an alternative proposition
to those who are anxious to obtain
possession of the bonds for
which they subscribe. The reason this
offer will be limited to amounts of NOT
over $1,000 to any one subscriber Is
that all subscriptions in excess Of this
amount will be subject to allotment.
The campaign for the sale Of these
bonds will open Monday, Oct 1. and
will close Saturday, Oct. n. I conf.
IDENTIFY hope that when the campaign Is
over 1t will be found that the total
number of subscribers is at least TO-
O00, 900 and the total subscriptions in
excess Of Sc. 000,000,000. Such a re-
Spouse would be notice to our enemies
that the American peopls as q whole
intend to support with all their power
their government in the vigorous pros
ecution Of this war and the achieve
ment of an early and lasting peace"
One-third OF the sales In the coming
Liberty loan campaign is the task set
for the women OF the country by the
Woman's Liberty Loan Committee.
which began two days session here
with more than 100 delegates from all
sections In attendance.
Mrs. w. G. McAdoo, chairman, pre-
and Mrs. Antoinette Funk of
Chicago announced the great share Of
the work undertaken amid enthusi-
astic applause.