Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1918-04-10
LIBERTY LOAN
LASTS FOUR WEEKS
opened Last Saturday and Will End
on May 4. Details Concerning
Issue Given by Congress.
FIVE PER CENT CASH
WITH EACH SUBSCRIPTION
Twenty Per Cent Then Due May 2S;
Thirty-five Per Cent July Is
and Forty Per Cent
Aug. 10


lasts four weeks. beginning Saturday
last four weeks, beginning Saturday
and ending May 4, the treasury de-
partment announced. Banks will be
given five days after the campaigns S
close to tabulate and report sub
scriptions.
The third issue of bonds will ma
ture in ten years-on September Is,
192S-the treasury department to-
day announced and will bear interest
from May 8, next, payable semi-an-
nually on September Is and March
lis.
Instead of requiring per cent
cash payment with the subscription,
as in the second loan, per cent
will be asked for the third loan.
Twenty per cent then will be due
May 2S; 80 per cent July 1S, and
40 per cent August Is.
The treasury expects many sub
scribers to pay in full on purchase
and these early payments may be
sufficient to redeem the 5000, ,009,-
600 of certificates of Indebtedness
falling due before May 8. Other
wise it may be necessary to refund
the certificates with other short
time loans. Officials also believe the
May 2S payment actually will be
much greater than the 20 per cent
required.
The payment dates have been ar
ranged so none will come in June
when the drain on the country's fl
nancial resources will be greater on
account of income and excess prof
it's taxes due on June Is. In the
second loan Is per cent was due two
weeks after the campaign closed. 40
per cent month later and 40 per
cent one month after that.
Payment in full may be made
with the application on or before
May A." the treasury announced
"but bonds will no be delivered be-
fore May 8 on any subscription for
an amount exceeding $4,000. Full
payment may be completed upon
subscriptions for any amount on
May 8 or any subsequent install
ment date.
Payment of any installment, in
Guiding the first installment of 5
per cent or payment in full, may
be made in treasury certificates of
Indebtedness except those maturing
April 22 and June 25. Qualified
depository banks and trust COM
panies may make payment by credit
upon the subscriptions of themselves
and their customers but only to the
extent that they cannot make pay
ment in treasury certificates of in
debtedness.
Third Liberty loan bonds which
have been owned by a person for
death will be acceptable at par and
accrued interest in payment of Unit
ed States Inheritance taxes upon his
estate. This applies also to 4c per
cent bonds issued upon conversion -
The treasury also explained that
the Liberty loan bill provides for
the purchase of one-twentieth of
the total issue of the third loan
this year and that this provision al
so applies to bonds of the second
loan and converted bonds of the
first loan.
Since the campaign opened here
, we understand that about $4,000
has been subscribed in the city OF
, Decorah, and that is only a starter
; The loan will go way over the top
here. Everybody is buying and buy
ing well, and backing up this great
plan that will make the world safe
, for democracy with all they have
So'' w hOi lhO iStui no are ali III We
believe that Winneshiek will report
around million dollars. This Lib
erty Loan proposition is not for a
!. few but for every one of us, and
there is only one of two positions
you can take these days. You are
either for your country or against it
If you are buying Liberty Bonds
no matter how few, even ii only to
the extent of $50 bill, if that's
all you can afford to buy, you're
backing the fight that will make this
country safe for you and your chill
dren hereafter.