Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-09-24
BONDS FOR BUYERS
WHENDR|VE OPENS
Cash Purchasers Can Have
Them Saturday-Expected
to Be Boon to Sale.
MORE OF "BABY" VARIETY

The various terms of the fourth
liberty loan, with the exception of
the size and the maturity. have been
announced by the treasury. The
amount, probably sS.000, 100000, has
been decided upon. but official an
nouncement thus far has been with
held.
The treasury was notified today that
nearly 100000 finished bonds were
ready for shipment. More than 100000
were run OF the presses yesterday
1t is announced that at least half a
million bonds will be turned out by
the bureau Of engraving and print
ing daily hereafter. 1t is planned to
print about 35,000,00 separate bonds
for the governments new issue, with
n larger proportion of baby bonds
of the $50 denominations than in pre-
vious issues. in anticipation, of a null
titude of subscriptions from individ-
uals of small means.
Result of Preparedness.
As a result of this preparedness on
the part of the bureau it is consid.
cred probable that large number OF
the cash buyers of liberty bonds on
the opening day of the campaign.
which starts next Saturday. Will re-
ceive their bonds on that historic day
Shipments of the new bonds are be-
ing made today to the various fed
eral reserve banks. The Treasury 1s
assured that all of these banks Will
have received a certain allotment or
the new bonds for distribution Sat
urday.
1t is explained that banks in Wash
will have tn wait to nave
their bonds distributed by the Rich
mond Federal Reserve Bank. but can
deal directly with the Treasury. thus
saving much time. 1t is announced
that banks can either arrange credit
at Richmond and have the reserve
bank there instruct the Treasury to
deliver the bonds or pay cash for such
bonds as they may be in need of inn
met]iately.
Having the new bonds ready for
delivery to cash buyers on the open
ing day of the campaign means much.
local bankers say. The early delivery
will materially help toward the sue
cessful hotation of the big loan. they
explain.
Plan for Proper Classification.
That subscriptions to the new loan
made by corporations which have
branch offices in various states and
cities throughout the country may be
properly classified and credited to the
various communities and cities. the
Treasury is urging all banks to use
their influenc1to have such subscrip-
tionS divided among the various COM
runities and cities in proportion to
the bank deposits of such corporations
in these communities.
In Washington there are a number
Of such interstate corporation offices
and branches. In the past it was ar
ranged SO that this city was credited
with certain portion of their sub
scriptions. but there was no definite
basis of determining what the pro-
portion should be- The new plan will
determine this and is expected to work
to the satisfaction of all concerned.
Details About the Loan.
According to the latest announce
rnent of the Treasury regarding the
terms of the coming loan the interest
rate will be Az per cent. the same as
dated October "a. five days after the
close of the subscription period, and
tho first interest payment Will be
made next April Is. and will be for
the IFS days intervening. Thereafter.
semi-annual payments will be Octo-
Der Is and April Is. On a $50 bond
the first interest coupon will be worth
S1.01 on 500. $2.O2 and higher null
tipleS accordingly.
Both coupon and registered bonds
will be Issued in denominations of
$50. 500. $500. $1,000. $4,000 and
$4,000. The $4,000 and 100000
bonds will be registered only
Since the latest maturity periods of
the first. second and third loans were
thirty, twenty-five and ten years re-
:'pectively. it was considered probable
that the maturity of the fourth loan
would be either fifteen or twenty
years.
Ten per cent of the subscription will
be required as the initial payment on
the fourth loan. Twenty per cent will
be due as inStallments, November q.
December 10 and January 16, and 80
per cent January 30