The Jasper weekly courier., 1918-04-12
WAGE FARMERS MAY OBTAIN
BONDS AND PAY IN WEEKLY
lNSTAIlMENTS.
THE BANKS AGREE ON FORM
City Workers May Pay Weekly, While
in Rural Communities Systems
Adapted to Needs Are
Being Developed.


Eighth Federal Reserve District for
handling the Third Liberty Loan,
which starts April 6. Committees have
been appointed in several cities 10
work out details in connection with
the plan. 1t is thought that no form
of subscriptions 10 be used in the sale
of the bonds will reach anything like
the aggregate number of subscribers
who will take advantage of this meth
cd of purchasing.
In st. Louis a committee of bankers
has been active shaping arrangements
so that purchasers of these bonis will
have the privilege Of buying them on
weekly ,nstallments
f. o. Watts, president Third Ma
f, tional Bank of st. Louis and chairman
of the Metropolitan Committee of the
Liberty Loan Organization for the
Eighth Federal Reserve District, is
highly enthusiastic over the plan.
During the previous loans, Mr..
! Watts said, there were approximately
$4,000 subscriptions in st. Louis which
were taken on a weekly installment
plan, but in his opinion that city
ought to have $4,000 subscribers TO
the weekly payment plan. That IS the
goal set by the present committee for
the Third Liberty Loan Bond issue.
OF the AZ banks in st. Louis. 4s have
signed up to cooperate in pushing the
weekly payment subscriptions. and a
uniform contract to govern such sub
scriptions, approved by the st. Louis
Clearing House Association. as well
as the banks themselves, has been
adopted.
: Form Is Adopted.
|, The form of contract is given below
The owner of this Liberty Loan pass book
has agreed TO purchase from the -----------
- bank or trust company - DOL
lars par value OF the United States Gov
ernment Liberty Loan Cold Bonds and here
: by agrees to pay for same at face value ant
accrued interest In installments within Il
months from the date hereof
Each payment shall be entitled to interes
, earned at the rate Of the said Third Libers,
: Loan Bonds bear. but no payment shall draw
interest prior to the date from which th'
bonds themselves bear interest and said inter
est shall be adjusted at the time Of surren
, der Of this pass book.
The purchaser may complete the entire pay
ment In less than one year and may pay an!
F amount at any time, except that minimum
payment Of not less than per cent per weel
must be maintained.
In case an issue Of Bonds 10 made bearn
higher rate of interest, and into which thi
issue Of bonds may be converted. the sal
bank trust company may at Its option exer
else the conversion privilege; in which even
such increased rate shall accrue to the pas
book owner.
I II the purchaser shall become delinquent 4
making regular payments. the said bank o
trust company reserves the right TO retur
such payments Plus minus the amount reI
resentins the difference between the marke
value ana the par value Of the bonds. Thi
pass book shall not be negotiable, and must
presented when payments are made
. BY the acceptance OF this pass book the Owl
er thereof accepts and assents To these term
: and contents.
y The pass books and deposit ticket
for the 46 St. Louis banks have bee
ordered and will be distributed to tn
participating banks sometime mex
week The Publicity Committee is C,
I operating with the Publicity Commi
9 tee Of the Central Organization, an
!. it has been arranged to cover the fiel
from every angle OF advertising
Special copy for street cars, factor
cards, billboards, newspapers, magi
zines, direct-by-mail circulars and viii
:, dow cards are being prepared, SO thf
the duty as we'll as the opportunity {
every American citizen will be car
fully brought home TO the people.
Galloway County Adopts.