The Sneedville news. (Sneedville, Tenn.) 191?-19??, 1919-03-14
short Term BONDS
AT HIGH INTEREST
FOR VICTORY LOAN
Fifth Issue of Liberty BendA
Will Be Most Attractive
Investment of All, in the
Opinion Of Finan-
cial Experts

The NTH Issue of Liberty bonds. a.
Victory Bonds" as they will be called.
will offer the investor the most attrac-
tive opportunity Of any issue made
by the government, according TO q
tentative agreement made by Secre-
tary of the Treasury Carter Glass with
The ways and means committee OF
the National House Of Representa-
sives
II In considered probable that the
bonds will pay higher rate OF inter-
est than any of the previous tssuess
but they will be issued for shorter
terms. maturIRg in from one to hvs
years
The government does not wish ~
assume the obligation OF high -
lterest rate for a long period OF years.
but il willing to pay an attractive rate
during the present unsettled eonn-
tions. II is expected that events VIII
so shane themselves IN the next Few
wears that q holder Of these shoH
term bonds. after drawing good ID,
terest rate until they mature. will then
he able to cash them in" and invest
the returns in business or In o'hes
forms of securities at an advsntsse'
ous time. For this reason "a
nectod that the new bonds VIII hna q
ready market. A.,
sn,ensive popular campaign for the
victory loan will start not later thsn
April p. II is not expected that any
definite statement as to interest TAX e.s
o,,,nt,ons or other details VIII be mane
much In advance of that date. az con
si,Ions are constantly changing. Ht
that the new bonds will be made an At
tractiye investment b eonsiderea Ger
tain.
Secretary Makes Statement
An official statement issued oy ~
rotary Glass follows:
.T-he Victory Liberty Loan campaisA
will begin not later than April q Ahs
requirements OF the treasury are I'M
neratiye and cannot be financed VIM
ont such "A campaign The form ans
terms Of the securities to De n.sse
remain to be determined Whe.n
they be bonds or notes. II is absoiu.e.y
essential that the widest possioas
measure OF distribution pr reahsse.
This will necessitate campaign
the same character rs that condAess
IN the mast through the existing Ae
erty Loan organizations. Ihey nav. y.
pledged again their united support :.
order that the Victory Liberty lo.-
bonds or notes may be distributed ~
widely as possible among the Amss'
can people.
This furnishes the arst ofnciai
,,ce NJ the date Of the campaign. ~
s,sposea of the runor that secunuss
xould b. disposed OF AMONG the
instead Of being offered the senee'
public. 49,,
paro,ts received from chsrrmen -
.,,,ar members Of the Liberty Loan o..
s.nizations all over the country -
J s.Decisllv in the Sixth Bederai 10
.o,-ve Distrsct, gives assurance tns'
a.. faithful workers IN former een
nairns do not intend TO onit unui nv
J sob "a finished. Organization Il %
;ns, perfected well in advance. ane
n1e,s laid for a brief and edect's
campaign.
Pour types OF bonds are nov %
IN, considered b the Treasury u
,aI,rnen,. to suit varying tastes In ID
xes,nents. Their principal features
are:
ON. class q bends al loo sfs
~ interest. possibly four per cent kne
exempt from all federal TAXATION On
AZ a comparatively high rate: Posss
blv eve per cent. and subject to a
sesrral taxes: a third barring 4 noa
cra,e rate Of interest. perhaps -. -
cent. ard exempt from hornAi ineooH'
tau: and a fourth class. exempt fo~
taxation up TO . certain amount