The sun., 1918-04-05
10000 of New Bonds. Part
of S3.OOO.OOO.OOO Offer on
Sale Here Tomorrow.
WILL RUN FOR 10 YEARS
Provision Is Made to Lend
S1.5OO.O0O,0OO More to
Allies for War.
sptciol DssposeA to Tns sux.


<on tonight signed the bill authorizing
tie third Liberty Loan after the House.
s,>spt!ng minor amendments Of the Sem
e'e. had passed il ana it had been for
warded to the White House.
Before the legislative programme for
the loan had been completed the Treas
ury Department earlier In tho day had
announced the provisions Of the new
loan. The issue Of bonds for the third
loan will run for ten years. maturing
or September is. 1928. bearing interest
from May 9, which will be payable twice
year on September 15 and March Is.
the amount OF the loan will he $4,000
100000. but the Treasury Department
reserves the right to accept oversub-
seriptions. The interest rate. as pre-
>'ous!y announced. will be a.. per cent.
On the third Liberty Loan cash pay
MAnt OF . per cent. with the subscription
will he required instead OF . per cent.
As in the case with the second loan. The
other payments then will fall due as fol-
lows: May :s. 20 per cent. July IS. IS
per cent. August IS. 20 per cent. Of
f'c:als are confident that larger pay
rents than the required 90 per cent.
wiz be made on May 70. and also are
hopeful that many subscribers will pay
N full at the start. thus affording the
Treasury Department an opportunity to
redeem a large part OF the certificates
~ indebtedness which are due on May Q.
Tax situation . Factor.
One OF the reasons for the change in
the payment plan was to arrange the
'iates so that the drain on the finances
{. .he prospective purchasers OF bonds
will not De heavy during June. when the
'Ncome and excess profits taxes fall due.
Ir its announcement of the terms OF
tie loan the Treasury Department said :
Payment in full may be made with
the application on or before May I.
nut bonds will not be delivered before
May 2 on any subscription for On
amour, exceeding $4,000. Full pay-
ment may be completed upon sub
scr!ptions for any amount on May
or any subsequent instalment date.
Payment of any instaiment. inc!ud-
Ing the first instalrnent Of per cent.
o. payment in full, may be made In
Treasury certificates OF Indebtedness
except those maturing April 90 and
Iune 25 Qualified depositary banks
and trust companies may make pay
men, by credit upon the subscriptions
~ themselves and their customers, but
on,y & the extent that they cannot
maze payment in Treasury certificates
o. Indebtedness.
Third Liberty Loan bonds which
have been owned by person for six
months prior TO the date OF his death
Will be acceptable at par and accrued
interest in payment OF United States
Inheritance taxes upon his estate This
applies also to ~. per cent. bonds is
sued upon conversion.
The new Joan bill as signed by Presl-
dent Wilson to-day gives Secretary Nc
'doo the authority 20 issue Si.500.O .O00,-
100 in bonds in addition to the $3,s66.-
10000 which were authorized under
PREVIOUS laws. Power to lend $l.o00.-
100000 more 20 the Allies is carried in
the bill and 5000 600, 900 more in GER.
rAcates in indebtedness also may be is.
saed by the Treasury Department;
When the third Liberty Loan compa!gr
opens al O'clock Saturday morning
oonds OF the smaller denominations will
"e available for sale In many of. the
hanks in Eastern cities. Forty thousand
o. these bonds will be turned out by
'1e Bureau OF Engraving and Printing
'o-morrov and great number OF then
WI! Immediately be rushed to New York
'er distribution.
steady Flow of New Bonds.
A.,.- the FIRST day 1t is estimated the
bureau will be more than able to keer
NJ NTH the demand and the bonds viii
sva.lible in every part Of the Cn!tef
states Few days after tho great ma
nal loan campaign Is launched Th'
',NhN VII be shown at the big rallie!
"he'e the President and other high Of
r'is's Of the Government will open tn
fanpaign n Eastern cities.
I" The two previous loan campaign!
'""H deliveries were long delayed ant
'"os'r!bers TO IN" loan got nothing fol
""', money usually but subscription
',''p'. The engraving bureau has beer
''hartd ever since the last issue wa
ean"d up for the third loan.
'.'"f, thing is ready and the presses arr
y. So lor Hy.ns start on the thirt
'l' Thc" have waited only on tn
ia" pH>SaGe and the signing OF tn
''"i b'N by the President. The bill
'"s rerorted from conference and ap
..NF'" ih!s afternoon. and tonight /
as Sgned BY The President. Their
AA' ID" ceremony about the signing.
Director Wi!meth Of the Bureau O
:. craving and Printing Is confden
Wat 5000 Of the bonds will be turne
n9' tomorrow and 100000 Saturda,
ines" will be hurried to the Treasur
AZ soon as printed for afflxing OF IN
great seal o. the United States. The
VI be sent out Immediately by eX
'FesS or special messenger to the Eas'
ert reserve banks
The actual turning out OF the bond