Martinsburg W Va evening journal. [volume] (Martinsburg, W. Va.) 1913-1920, 1918-09-20
Attn LIBERTY LOAN
TO DATE OCT. oath
vi ~
Bear AZ Percent Interest In
Various Denominations.

which are expected TO take an ac
tive part in the campaign for the
Fourt Liberty Loan, have received
from the Federal Reserve Bank, OF
Richmond, some of the preliminar.
les of the forthcoming offering The
only definite information contained
in the letter is that the bonds will
be dated October "a; that they will
bear interest at IA per cent, and
that the interest periods will be
April Is and October Is. The amount
of the issue and its maturity are
matters which have not been an
\ nounced by the Treasury Depart
iYent. The general belief is there
wfsl be between s5,500,00 900 and So
000.o60,0o0 of the bonds.
The bonds will be issued in the
same denominations as the present
Liberty Bonds-that is from $50 TO
100000 The bonds from $4,000
TO 100000 will be registered, though
any denomination can be registered
by the owners on request to the
Treasury Department.
Payment Made SeriaIIy
Payments will be made serially in
installments of 20 per cent of the
subscription on November 81, Decem-
Der 10, 1918, and January is. 1919;
the final installment of 80 per cent.
being payable January 80, 1919. Sub
scribers may pay in full at the time
the subscriptions are made or at
any intervening period so the pay.
ments will reach the Federal Re-
serve Bank of the district on Cato-
Der a.
An initial payment of 10 per
cent of the subscriptions must be
made at the time of the application
The Treasury Department has pre-
pared the following table showing
the amount of the first coupon pay
ment on the several denominations
of the bonds: $50, 500. s50G $4,000
$4,000, $4,000 1.o1, 2o2, 1910, 2o.2o
101, 2o1.s9.
The scampaign will. begin SepteTa
her 2a-iust 10 days fTcm Today. Th
many preliminary inquiries which
are being made throughout the conn
Try as to the status of the offerin,r
has prompted this advance informa-
tion, which is all that has been put
out SO far by the Government.
Conversion OF Liberty Loan as
Secretary McAdoo has also called
attention to the fact that the time
FOR the conversion of the outstand-
ing 4 per cent. Liberty Bonds into
IA per cent. will expire by. limita-
tion November 9. He impresses on
\ the holders that this is the limit. of
time fixed. and those who fail to
convert before that date will lose
the privilege. He points out that 1t
II dangerous to delay attending to
the matter, as by putting it off un-
iii the last minute may find the
Federal Reserve banks SO pressed
with the details of the fourth loan
that they will not be able to attend
promptly to the conversion re
quests. This may cause the loss OF
the additional IA per cent in inter
est to those who postpone this mat
Ter. Secretary McAdoo says:
saThe privilege of conversion which
arose in consequence of the issue o.
IA pc cent bonds of the thirt
Liberty Loan will expire on Novem
her 9, and under existing law car
not be extended or renewed. Holders
Of these 4 per cent bonds lost moth
ing by exercising the privilege o
conversion and gain IA per cent in
terest per annum. Holders of pc
cent bonds should not wait unit
the last moment to exercise the priv
fIege Of conversion. Delay will re
suit in overburdening the bankin'
institutions. of the country and tn
Treasury Department by making ]
necessary to handle all conversion
at the last moment, and may resui
in the loss of the privilege OF cor
version altogether.
Holders of coupon bonds ar
strongly advised to request issue
registered bonds in order to protec
themselves against the risk of loss
theft and destruction of their bonds
Banks and trust companie
throughout the United States ar
asked, as a matter of patriotic SCI
vice, to assist bondholders in e,
changing per cent bonds for
per cent bonds and in registerin
their bonds.
IN REMEMBRANCE.