The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-04
GOVERNMENT ASKS
REGISTRATION Of
LIBERTY BONDS
Treasury Department Urges
This Method Of lnSuring
War Securities Against Loss
Or Theft.

WASHINGTON, Dec. S.-To insure
against loss or theft Of Liberty bonds,
owners are being urged by the treas
ury department to have their coupon
bonds registered, although the proce.
duTe results in II great amount OF
work and expense for the government
now that the number Of bond owners
runs above so, 00O. 900. The registration
can be arranged at most banks, ana Is
done without cost to the owner, Atter
LOST. stolen or destroyed, the govern
ment viii pay II at maturity Just the
same, and interest checks VIII be
mailed to the bond owpCr twice a
year without requiring him to 20 70
The trouble of clipping coupons n
presenting them at a bank.
The fact that bonds Of tho 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 an
interest is paid on bonds OF the
first loan, regardless of whether they
haze been converted, m June 10 n
Dec. Is; on bonds Of the second loan,
May Is and Nov, Is; third loan, March
Is and Sept. 10; fourth loan, April 10
and oct. Is.
The treasury department also ex,,
plains that owing TO the mechanical
difficulties Of preparing millions OF in
terest checks OF registered BONDS,
coupon bonds will not be exchanged Tor
registered bonds or registered ponds
er to another, during r month before
an interest-paying date of each par
tiCular loan. For example, exchanges
or transfers can not he arranged Tor
first Liberty loan bonds between May
Is and June lG; and between Nov. 10
,,l VA, &c Inr thu gnNnnH lpl N these
dates would be April IL to May 16;
| and Oct, Is 10 Nov. lG. For the. third
loan, Feb. IS to March l6, and Aug.
Is to Sept. IS. For the fourth loan,
March Is to April IS; and Sept. ID to
Oct. i6.
This arrangement IS explained by
the treasury department as follows:
During any period when the trans
/ fer books for any particular loan are
| closed no transfers OF registered bonds
OF such loan or interchanges OF reg
istered and coupon bonds OF such loan
viii be permitted, but II requests for
| transfer OF any such registered bonds
or interchRnges OF any such registered
coupon bonds are received during any
such closed period, the requests VIII
receive attention upon the reopehlng OF
the books.
"The semiannual 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, II coupon bonds are presented
Tor exchange for registered bonds dur.
ing such closed periods, the coupon
next due should be detached and col.
leCted in the usual manner. II reg
istered bonds are presented for OK
change for u bonds during sucf
closed periods, interest OF such reg
lstered bonds will be paid in the usua
manner, and the coupon oonds deliv
cred upon such exchange after the re
opening OF the books will have the cou
pon maturing on the interest day TO
which the books were closed and prio
coupons detached"