Evening journal., 1918-04-27

counting the Illfu Liberty Loan Tor
which subscriptions are now being Talk
en-, there are 20 ba sig varieties cf Lib
erty Bonds in existence, owing 20 lhe
conversion privileges granted in the
cases Of the frst and second Liberty
Loans. Spencer Trask * Co, OF New
York, have just issued a pamphlet for
general distribution, giving salient fea-
lures Of these bonds, and the following
facts as relating TO eacH Issue have been
compiled from that pamphlet. 70 is
worth cutting out and saving, for I.
tells you the rights and privileges q
each kind Of Liberty Bond.
First Liberty Loan 80 Per Cent Bonds
Amount OF issue-S2, 100000 1000 author
ized Subscriptions exceeded $780,
O00O00.
Term-Thirty years; date o. issue.
june i5i 1917; date Of maturity, June
-. 1917
Redemption -Redeomeble wholly or 10
part at par and accrued interest, June
s.. 1882, or any interest date thereafter
On six months notice.
Interest dates--June 50 and Deem
Der 10.
Conversion ivilege-Converllbl par
- par into any subscqueni issue %
bonds bearing higher interest rate ani
issued during the var, provided holders
convert within six months from date OF
new issue. The bonds issued in con-
version viii be Identical as TO maturity
interest date and date OF redemption
with the original issue.
Tax provision Ons-EXempt from normal
income tax. graduated additional income
taxes and war profits and excess pro
ilts taxes. and "all other United states
state and local taxes except estate and
inheritance taxes. Investment IN these
bonds has no effect on taxable or non
taxable nature OF income under the pro
visions Cf the Federal law for 80 per
cent tax on undistrbuled net income Of
corporations.
First Liberty Loan Converted Per Cent
Bonds.
Identical with 3ihs in regard 90 ma
turiiy, redemption features and interes,
dates Date Of issue, November rs. 1911
Conversion priyilege-Convertibie pat
for par, into First Liberty Loan Con
verted AZ per cent bonds. ~ privilege
is exercised before November Q, i9iS
TAX provisions Exempt from normal
Fedora income tax, and income invest
ed in these bonds Is unaffected by the
80 PEI cent tax on undisirIbuicd net
income % corporations. They ara
exempt from an other national, state
and local taxes except estate and in
hentance taxes, and interest on hold
ines OF Liberty as and AIS aggregating
not over 5000 IS exempt from graduated
additional income taxes. excess profits
taxes and war profits taxes.
First Liberty Loan Converted iM Per
Cent Bonds.
Identical with 3ks in regard 90 ms
turity, redemption features an dinterest
dates. bate of issue May 9, 1918
Conversion priNilege-Not entitled 20
any conversion into bonds OF higher
rate.
Tax provisions Identical with tne
provisions applying to nrst Liberty
Loar converted per cent bonds, with
the privilege of being received at par
and accrued Interest in The payment Of
United states estate or Inheritance
taxes upon the estate of any person
wis had owned them for ai least si1
months continuously before decease.
Second Liberty Loan Per Cent Bonds
Amount Of issue-Amount suid, So
s02 766.i5C
Term-Twenty-nye years, date Of Is
size November a.. 1918: date Of ma.
turiiy. November i5 iS,2.
Redemption n-Redeemabis. wholly o.
IN part, at par and accrued interest
November Is, 1927. or any interest dat,
thereafter on six months notice.
Interest dates-May 50 and Novem.
ber 50.
Convention privilege e-Convertible pai
for par into second Liberty Loan con.
veried Az per cent bonds, II privilege
Is exercised before November @. i9ls
Tax visions-Ideniioai with those
Of first Liberty Loan converted d pei
cent bonds.
Second Liberty Loan Converted "a PEI
Cent Bonds
Identical with second Liberty Loan !.
ss TO maturity, redemption features an,
interest dates. Date os issue, May Q
1919.
Conversion privilege ee-None.
Tax provisions Identical with thosl
Of n~st Liberty Loan converted IA PEI
cent bonds.
Third Liberty Loan iM p. c. Bonds.
amount OF Issue subscriptions fO
s3O00OO00O0 invited, with right reserv
cd to allot additional bonds mp 90 th'
amount OF any oversubscription. Book
close May q. 1913.
Term-Ten years. date OF issue Ma,
o. lJis; date OF maturity september Is
1923.
Redempuon-Not subject 20 call he
fore maturity.
Interest rates-March Is and septem
Der a.
Conversion prlvilege-None.
Tax provisions-ldentical with thos
OF FIRST Liberty Loan converted IA pc
cent bonds.
Don't be afraid 20 buy a bond on th
ground that your money win be tie
up 40 lehuy YOU cant SCI 30 until ma
turity. The bonds are an Investment
certainly. and should bo held until ma
iuriiv wherever possible, but any lrst
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