Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-03-26
MAR LOANS RISE
TO IA BILLIONS
House Committee Draft
n ing Bill for Third Issue .
of S3,OOO,OOO,0OO
INTEREST RATE TO BE AZ
Secretary McAdoo Looks for
Loyal Response by People
of Country


Bond authorizations since the tnleu
States entered the war will be brought
80 A.. e., mn mn ma ,rhor ,,,o tiorso
approves the ehaoiing IeslsIatloh lot
the third Liberty Loan TO be INTRODUCED
&o,,,orro,y hv Nt,ioritv Lander I<itcbin.
,,-,-.,- -.
80
e WV
Voo Tor the thlrd Liberty Loan ana an
aodltional si''oV'ooo,ooo asked bE see
retary McAdoo IN ms announcement OF
the proposed new bond issue az "a per
cent interest made pubic TO-DAY.
subscriptions for the pending loan are
scheduled To begin April q, the iirst an
niversary OF Americas entrance into the
war to make the world safe for de-
mocracy.
,,,
o''' '
Inc Hrst uIalt ol the new ooiu Issue
on, wis ooi,siuel I,I 'u oS '"S iiouae ""S
anu Means cohlhll''eS touas, IL wiz pe
pu. III l.iiai sn"pe "',vl ', ..It.S e'uiS NJ
Aooo uppears oeIoIe tle V1''l'.'l',ee 70
morrow ing cohiiIl'I'ee huiCdIeu toudy
.hat u "ouIu a,Cept tne a P,r CS"'
IN rate proposeu py oec'etdrS HtAuoo
lot ,ne heNt @ @ ioal' LOANS 10 tlc AiIeS
q, ~ ,,n,, hiiI
-rso hi,t ,yiti ,,ro,.i1,, ,i., ,,.. ,,,. ,,,,.,
.,on os s,nLing e,,rd ,,,hor.h,, ,i,, ,,a.i.,.
~ tha hond ,ssues NM. ho ,,atT,pi,,d
- es,ns ,ha ,,,,o,,rt 80 ,t, ,t,i,., t,,
=. a. 900 oon ooo -.
tar,. s,t,,,i. taa ,hat ,ho rt,,,,t -, ~ S.,.,
~. n',o,e,,h,',.,''.t ~ e ~ "9 'eSelNeu
"
secretary hcadoos statement
Secretary McAdoo issued this state-
ment
..rha caoro.or,. 90 a., ,r,,..-..
conferorce ,vitb NJ LSi,oht,' ~ III d
20 ,ha w.. and NJ, I,1,I,,.. N,i,i'l man
AN outlined hi, nIan for tha ,h;.1 tp
-, - an.,,aH -, ,si,, I., VI" i.'o-
Irr;,o1 c,ata, C.a,.ar,r,ar, , Va .Ie
Ana goHarnr,epts ha,,,,,s, -, y. tre
1aas re, hai'h 'haa,, i,aioa.Ps ,,. "Iu." .i
-. 49,, a,.,o,,,, 80 81 -. ~ ~ eati, t,,
~ IL, az mo ono ono ~, >, -. ' "iIi
au,,a, -, aIIo, ,t,nrir 'e''s
~
Inc secretary VIII ASK authority
Hon CONGRESS 10 issue pohuS bearing
interest at the rate oil f'4 per cent per
aLnuH, acceptapIe AT par ana accrued
interest IN payment OF United states In
neritahce taxes ana having the peneht
OF a SINKING iuhu OF per cent per
annuin uurihs the perlou oi '"1 war ana
.,, t. ,ho ho,iaf ~ tb, caoro.or,. ,h..
the rate now proposed is sufficient and
that by restricting Unnecessary capital
issues and by inducing the people who
subscribe for Liberty Bonds to save and
keen them for investment, and by pur-
chases with the sinking fund from those
who find themselves compelled TO sell.
f,,f,,re increases in the interest rate NAV
be avoided, In order to put an end to
: tf,> expectation of higher interest rates
b y 3r proposed that the conversion privi-
Jece shall be eliminated from the new
bonds. but the holders of Liberty Bonds
OF ali existing issues will be given an
opportunity' to convert their bonds into
the new N per cent bonds
I'm addition to the foregoing principal
items of the proposed campaign, Con-
gress will be asked for authority for
bonds to the amount OF $4,000 900, 900 in
addition TO those now authorized, in
order to provide for future Issues: for
authority TO issue additional treasury
certificates Of Indebtedness; for author
lily to make addltlohal loans 10 the AlIled
governments during the summer ana
authority Tor deposit ana income prouts
taxes with natlohai Dahns' state pdnhs
and trust companies thIoushout M.he M
United states III 'i,e sair'1 n'aii'''' 'S ''e