Connecticut western news., 1918-11-28
HAVE LIBERTY BOND
COUPONS REGISTERED
Only Safe Method of Safe
guarding Them Against
Theft

To insure against loss or theft of
Liberty Bonds, owners are being
urged by the treasury to have their
coupon bonds registered, although
the procedure results in great
amount of work and expense for the
government now that the number of
bond owners runs above thirty mil
lions. The registration can be ar
ranged at most banks, and is done
without cost to the owner. After
registration, if bond is accidentally
lost, stolen, or destroyed, the gov
eminent will pay it at maturity just
the same, and interest checks will be
mailed to the bond owner twice a
year without requiring him to go to
the trouble of clipping coupons and
presenting them at the bank.
"The. fact that bonds of 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
treasury announcement.
Interest is paid on bonds of the
first loan, regardless of whether they
have been converted, on June Is,
and December is; on bonds of the
second loan, May Is and November
IS; Third Loan, March Is and Sep
tenbtr IS; Fourth Loan, April Is
and October Is.
The treasury also explains that
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 16;
and between November Is and De-
cember Is. For the Second loan,
these dates would be April 15 to May
16; and October Is to November Is.
For the Third loan, February Is to
March 16; and August Is to Sep
TENDER 16. For the Fourth loan,
March Is to April 16; and Septem-
Der Is to October 16.
q'hi3 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
changes of registered and coupon
bonds of such loan will be permitted,
but if requests for transfer of any
such registered bonds or inter-
changes of any such registered and
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 to the person in whose name
bonds are registered as shown by the
books of the treasury department on
the date the books close regardless
of any disposition that may be made
by the registered holder during the
closed period. If coupon bonds are
presented for exchange for regis
tered bonds during such CLOSED
periods, the coupon next due should
be detached and collected in the
usual manner. If registered bonds
are presented for exchange for cou-
pom bonds during such closed peri
DDS, interest on such registered
bonds will be paid in the usual man.
ner, and the coupon bonds deliver
ed upon such exchange after the re-
opening of the books will have the
coupon maturing on the interest
day for which the books were closed
and prior coupons detached"