The Birmingham age-herald., 1918-10-13

cash it at the treasury of the United States or at the banks. Any bank in the country knows what it is worth, and the value of the bonds and cou- pons is so we'll known that they easily pass as money. Anyone can cash or sell them, and if they should be lost, the finder could turn the bonds into money at any bank or collect the coupons when they become due. The burglar who gets hold of lot of coupon bonds can use them as easily as so many greenbacks or gold eagles.
 As to registered bonds, they are pay able only to the persons whose names are written upon them. They are in the hands of the owners and the gov ernment has a record of every holder. They are without coupons, but the treas ury mails the interest to the owner as soon as it becomes due. When a trans fer occurs, the bond has to be sent in to the treasury department with an in dorsement upon it before witnesses fixed by the government. A record of this transfer is then put down on the index card When the bonds become due the principal is returned to the owners.
 Registered bonds are the safest of all investments, and \ rich men put large sums of money into them. Some years
 
 000,O00 of such bonds. They brought I per cent interest, and every three months he had a check of $450,000 mailed to him by the treasurer of the United States. His money was absolutely safe and the receipts on the day fixed were as sure as the rising of the sun. It made one almost a socialist when he heard or the investment, but today the pill or such covetousness is coated with the thick sugar of the new income tax, which takes about seven-tenths of such money back to the government
 It is impossible for thief to get away with a registered bond of the United States. If it is stolen or lost, all one has to do is to notify the treas ury department and check will be made on the index card showing that nothing is to be paid on that bond until the matter has been adjusted The thief cannot sell the bond, for the interest will go to the owner until the transfer has been made as above stated.
 If registered bond is burned and the owner can prove this fact to the treasurer of the United States, new bond will be issued, and if he can prove that his bonds have been stolen, it is possible that the same might occur, al- though in certain cases it requires an act of Congress to bring about this re- suit
 The biggest theft of registered bonds occurred about forty years ago when the Manhattan Savings institution of New York was burglarized. A part of the loot carried away by the robbers con- sisted of eight bonds of s500o0 each, and 12o bonds of $l0,0O0 each. representing altogether a value of $1.600,00o. All of these bonds were registered, but before the act of Congress could be passed au- thorizing the issuance of duplicates, there was run on the bank and it went into the hands of a receiver The chief of the burglars, Jimmy Hope, was finally captured and sent to the penitentiary. You may read the story of his adven- lures in Inspector Byrnes book, The Great Bank Robbery
 The most of the subscribers to the present loan buy coupon bonds, and to such I would say you had best put them carefully away and if you have not a safe deposit box give them over to your bank for safe keeping. Coupon bonds