The sun., 1918-10-12

erty ponds after the first ninety days mas
| elapsed. Governor Strong Of the Federal
Reserve Bank 10 understood to favor a
charge Of AZ per cent on such loans
! for the first year. number of banking
institutions have decided upon this plan
but many have not announced their de-
cision on this point, An announcement
by the delinquents Is expected to stimu-
late lond sales.
The Liberty Loan Committee an
nounced yesterday that unless owners
OF per cent. bonds Of the First and
| Second Liberty Loans convert their
holdings into ~ per cent. bonds within
the next twenty-five days they will lose
collectively millions Of dollars In inter-
est before thu maturity OF their securi-
| ties A statement issued by the COM
mittee yesterday said:
The bond issue division OF the Fed
| eral Reserve Bank of New York, at
100 Broadway. which will open to-day
for conversions, has called attention to
the fact that the right Of converting
the As into ANS will expire on Novem-
Der .. Figures were given out to show
the loss to individuals on various de-
nominations of bonds In case the priv
ilege Is not exercised shortly.
THE owner Of a 500 bond loses rs
cents year in interest II he does not
avail himself of the privilege offered by
the Treasury Department. The holder
OF a 81, 900 bond is out Of pocket to the
extent OF $3.50 year Tho owner OF
81 {, 900 bond loses SIS a year.
THE 4 per cent. bond of the first Lib
erty Loan, retaining the maturity date
Of the original issue. Is due In thirty
years. The loss of interest caused by
the failure OF the owner of a $1,000 bond
to convert It into AZ per cent bond
would amount to SIS in that period.
Similarly the $1,000 4 per cent. bond OF
the second Liberty Loan, which Is due in
twenty-five years. could earn $3.50
more IL II were converted.
Unlike the 3 II per cent. bond of the
first Liberty Loan, which is convertible
into any issue bearing a higher rate Of
interest which Is offered to the public
before the termination Of the war, the
two classes of As cannot be converted
into any other issue after November 3.
The bondholder who neglects to con-
vert his ~ within the next twenty-five
days sacrifices a large sum of money"
patriotic week" will be celebrated at
Gimbers store beginning Tuesday. Octo-
Der Is. and exercises will be held under
the auspices Of the Stage Women's War
Relief. Mitzi and her garden of girls
will appear for the opening. Novel at
fractions have been arranged for each
afternoon, starting at o'clock.
Owing to the slowness with which the
! loan Is moving fifty-five banks and trust
companies in Greater New York will
remain open to-day to accept subscrip-
| tions.
Sir Eric Geddes. First Lord OF the
British Admiralty, will be one Of the
speakers at the luncheon given by the
Fifth Avenue Association next Monday
when representatives of the twenty-five
allied nations gather in Delmonico's
prior to attending the launching OF two
ships at the yards OF the Submarine
Boat Corporation. Port Newark.
Bronx Lodge No. s71. B. p. o. Elks
will celebrate Liberty Day with
speeches. singing. a band concert and
entertainment from 4 o'clock In the af-
ternoon until midnight tonight The
exercises will be In front OF the Elks
club house at Bursidel avenue and
Grand Concourse.
Loan Speech at Printers' Mass.
Night workers who attend the Print
ers' Mass In st. Andrews Church will be
treated tomorrow morning at 80 to
a Liberty Loan address by the Rev.
Father Newton Thompson. professor at
the Catholic Seminary for Foreign Mis-
sions at Maryknoll. Ossining. Frederick
Wheeler. basso, will sing.
An elaborate rally has been arranged
for the East Side at Rutgers Square and
East Broadway for tomorrow evening
at 1880. and 1t is expected the Ghetto
will respond with s25,000,000 of sub
scriptions Fourth Deputy Police Com.
missioner Wallis and Col H. h. Rosen.
associate chairman OF the Police De-
partment Liberty Loan Committee, will
speak. Features OF the rally will be IL
Illuminated airplanes which will soar over
the heads of the audience. The East
Side also will be given an opportunity
to view some OF the captured war relics
Inspector Joseph Conboy and Harry
Schlacht will direct the carrying out of
the programme.
To 20 after those who sign pledges
for Fourth Liberty bonds and forget
TO make the initial payment showing
their good Falkland many thousands
did this in the Third Loan--a commit
tee to be known as the Following
Committee" has been APPOINTED to in
duce the pledge makers to make n frs.
payment at once. The committee of
five has as its chairman ]. w. Honor.
This committee has issued a call for
1000 men and women volunteers to
round up the bond slackers.
The Italian war heroes who have
come to this country to aid in the
fiotation of the Fourth Liberty Loan
are to receive in the Hotel Astor to-
morrow night memorial bronze medals
designed by Onorio Ruotolo.
Thanksgiving will be offered for the
Allies's victories>in France and Flanders
at impressive ceremonies to be held in
st. AIMS Church. Clinton and Living
ston streets, Brooklyn, at o'clock to-
morrow afternoon. The Most Rev.
Meltios MetaXakes Metropolitan OF
Greece, will deliver the chief address
60 COLUMBIA MEN TO CAMPS.