South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-29
INSURE AGAINST
j. 6. BOND Loss
Urge Owners to Have Coupon
Bonds Registered at
Local Banks.

WASHINGTON Nov. 29.-To insure
against loss or theft Of Liberty bonds
owners are being urged by the treas
ury to have their coupon bonds reg
istered, although the procedure re-
suits in A great amount Of work and
expense for the government now that
the number of bond owners runs
above thirty millions. The registra-
ton can be arranged at most banks
and is done without cost to the own
er. After registration. If bond Is
accidentally lost, stolen or destroy
ed. the government will pay 1t at
maturity just the same, and interest
checks will be mailed TO the bond
owner twice a year without requir-
ing him TO go TO the trouble of clip
ping coupons and presenting them
at a bank.
THE fact that bonds If the first
Liberty loan or bonds of the second
Liberty loan are converted into
bonds bearing higher rate of interest
does not affect the dates on which
interest is payable" explains a treas
ury announcement.
Interest is paid on bonds OF the
first loan. regardless of whether
they have been converted. on June
Is and Dec. IS; on bonds of the
second loan, May Is and Nov. 10;
third loan, March Is and Sept. Is;
fourth loan, April 10 and Oct. Is.
Encounter Difficulties.
The treasury also explains tina.
owing to the mechanical difficulties
of preparing millions of interest
checks on registered bonds, coupon
bonds will not be exchanged for
registered bonds or registered bonds
transferred on the books from one
owner to another. during a month
before an interest paying date of
each particular loan. For example.
exchanges or transfers can not be
arranged for first Liberty loan bonds
between May Is and June Is; and
between nov. Is and Dec. 16. For
the second loan, these dates would
be April 8 TO May Is; and Oct. 1 3 to
Nov. Is: For the third loan, Feb.
Is to March 16; and Aug. Is u
Sept. 16. For the fourth loan. March
Is TO April 16; and Sept 10 TO Oct.
16.
This arrangement is explained BY
the treasury as follows:
During any period when the
transfer books for any particular
loan are closed no transfers of reg
istered bonds Of such loan or inter
change of registered and coupon
bonds of such loan will be permit
ted. but IL requests for transfer of
any such registered bonds or inter
changes OF any such registered ana
coupon bonds are received during
any such closed period. the requests
will receive attention upon the re-
opening OF the books
The semi-annual interest will be
paid 10 the person In whose name
bonds are registered as shown by
the books of the treasury depart
ment on the date the books close
regardless Of any disposition that
may he made by the registered hold
er during the closed period. II
coupon bonds are presented for eX-
change for registered bonds during
such closed periods. the coupon mex;
due should be detached and collect
ed in the usual manner. II register
cd bonds are presented for exchange
/ for coupon bonds during such closed
periods. interest on such registered
bonds will be paid in the usual man
ner. and the coupon bonds delivered
upon such exchange after the re-
opening OF the books will have the
I coupon maturing on the interest dav
/ for which the books were closed anj
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