Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-09-28
TULSA SURPLUS WILL
BE SPENT FOR BONDS
This City and County Asked To Invest
Total Of Seven and Three
qunrtCr Millions.
SOME COMPARATIVE FIGURES
J. NJ. Berry Makes statement Show.
ing Difference Between Third
and Fourth Issues

In order that the public may un-
dersiand what Is necessary to be
done In the way Of subscribing 10 the
fourth Liberty loan It Will be inter
cstins. as well as instructive. to com
pare tho quota Of Tulsa, city and
| county, in the fourth loan with that
OF hclthird, says j. NJ Berry. county
Chairman fourth Liberty loan
The quota for Tulsa county. in
cluding the city Of Tulsa, In the third
campaign, was I3.566,70O. There
was actually subscribed In that cam
paign H9S2.20O, with 1916 sub
sCribers
The quota for Tulsa county. in
Guiding the city Of Tuna, for the
Fourth campaign, II S7,a36. .S2j
These figures will he Humented by
inc addition Of the Collins,ille quOta
which has recently been taken into
Tulsa county. Based on the collins
vile quota Of the third campaign.
its quota for the fourth series Will be
approximately ti60.000, which added
TO the figures above given will make
the total quota ~ Tulsa. city and
county including COllinsvillc, 81
| 700, 900.
In all former campaigns there
have been defaults in subscriptions,
40 that when the final tabulations
were made tho figures were never
quite rs large ~ first given out. The
| public may, therefore, understand
That to safely cover our quota II Will
he necessary To SELL Of the fourth
Liberty loan series. SS.0OO.O0
further comparison with the
third Liberty loan campaign will bo
Interesting
The total subscriptions received
from Tulsa county, outside of the
city OF Tulsa. was S363,4OO
Tho city of Tulsa having sub
scribcd SIGiS,SOO relatively small
proportion, therefore, of the quota
as Is shown. IL made UP from the
county, outside OF the city OF Tulsa
The total amount OF the fourth loan
will be S6.OOo. 900. 900. the demon q
nations In the coupon form being
| from $50 to 81 .0O0, and In the regis
tered from $50 TO 100000. The
rate OF interest will he IA per cent
The bonds will he dated October %,
| 1918, and run for twenty years, sub
| ject to redemption OF all or any part
at tho end OF fifteen years, at the
option of the government. The first
interest coupon will be payable April
Is, 1919. and on october Is and
April Is thereafter.
The government plan OF payment
IL AS follows: Ten per cent with the
subscription: 20 per cent on Novem-
Der 81. 1918; 90 per cent on Decem-
ber 10. 1918: 20 per cent on January
l6, 1919; 80 per cent on January 30,
| 1919.
The plan of payment adopted by
the bankers OF the county. covering
subscriptions Of small amounts, not
In excess OF $1,000. is as follows:
Ten per cent with the subscription:
20 per cent In one month; 20 per
cent In two months; 20 per cent in
three months: 20 per cent in four
months; 10 per cent in five months.
on this latter plan installments
bear interest at the rate OF per
cent. Income to the amount OF $780,
900 Of the fourth series OF bonds is
exempt from income and excess
profits tax, by bill passed by con-
gress.
From the above, the citizens Of
Tulsa, city and county, see what Is
before them in a short campaign OF
three weeks. That they will meet
the needs OF the government fully
and completely the committee has
not the slightest doubt.