Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-07-18
REEISTERED BONDS
ARE URGED BY M'ADOO
Secretary Would Have Hold.
ers Exchange Coupon Securi-
ties as Safety Measure
OWNERS NOW TAKE RISK
Washington. July Is

M 1he advisability of the conversion of
<papon bonds Of Liberty Loan issues to
a11U1p<ered bonds was strongly urged by
DeFetary McAdoo in addressing a
11Poad administration circular to en-
oges Of roads under Federal control.
Hat Mr.. McAdoo said to tho railroad
- applies equally to the general pub
- holding coupon bonds
large number of railroad men,"
4. - circular stated. "are holding an in
Neoment security for the first time. The
0o3of1ty OF the bonds so held are
oD0pon bonds. Coupon bonds must be
41Fefully guarded against loss or theft.
10y are payable to bearer. If they
~ lost. payment of them cannot be
ueepped. and they cannot be replaced by
- Treasury Department.
coupon bonds are suitable for in
Xeetors who possess safe-deposit boxes
Aeststered bonds are provided to meet
~ needs of persons who have no safe
placss Of deposit.
An Increasing Risk
Registered bonds are issued in the
me OF the owner, which appears on
49, tace The interest is paid by United
49, check, drawn to the order of
< - owner. and sent him by mail. II
registered bond is stolen the thief
soaot use 1t except by forgery. and
" ~ payment of the bond or the inter-
checks may be stopped The bond
oelc may be replaced on proof of loss
R proper security is given The
4 H4er OF coupon bonds outstanding in
hAnd6 of railroad men, many of
sa kept' doubtless, in places affording
y Ai security Is such vast aggre-
amount that 1t causes serious con-
This is wholly unnecessary
the director general of railroads
4 qfore. strongly advises that you reg.
~ e1 your Liberty Bonds"
Q1rections not only for registering
a 9o1ty Bonds, but also for converting
u per cent bonds and per cent bonds
- bonds paying Az per cent interest
n ~ Issued as follows:
"A order to register a coupon bond
IA - sripiest way is to consult a repu.
ii iocai banker: otherwise a letter
me secretary of the Treasury, diyi
n - Of loans and currency, Washing
ps Will get you Form 1881 which
~ contain blank spaces for all IN,
~ nation that the Treasury Denart
ont needs to issue the registered honf
~ yCur name. The coupon bond mus
% forwarded with this blank to tn,
eretary of the Treasury. division n
<<1'[----~.o currency, washington, or [,
Nv Federal Reserve bank, by exnress
Z, Ms declared value, or in anv o,ba
10y protecting the owner against nos
W ~ loss. pos
No Charge for Registry
&S me Treasury Department makes n,
a fge whatsoever for registering bends
S 3. Sesistered bond will be deliyere,
US owner py registered mail withou
0nse.
s. the coupon bond to be excbarg.,
= registered bond is a az or 4 ne
Bond, 1t may be converted (untj
mber nexO into a Az per cen
~ the same time that II is for
- Tor registration. This may b
through the banker also; tn
etary division of loans and cur
4 w will send on request form l. &
This form contains the reaues
eonversion on the face, and on tn
~ under mo. 1" the request TO reg
ne bend: 80 that the whole trans
~ (both conversion and registration
- handled on the one FORM Henc,
- merely want to register, ask 10
tOS1: II you wish both to regis
~ to convert into bonds bearin
Algher interest rate. ask fer ''fori
n 36."
~ bonds to be converted are tn
Loan " per cent bonds, ii
of payment of interest are sue
~ United States must be paid ii
onre between 3 V and Az per Gel
1une Is to the date OF paymen
nn6holder sets this money back Q
~ Is. because the interest pa.
~ that date is at the rate of 4
~ from June is. The amour
1nterest adjustment in this sp,
- Of the ~ per cent bonds wi
~
neat with furnish on request Ul
n&1o No. ~. For example, on
~ converted on July is.
koGo to pay six cents. tt
loH - paid by post Office {
eyss5 2ssssle e .sl 2