Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-04-15
FOUR AND ONE::-HALF
BILLION IS TOTAL Of
NEXT LIBERTY LOAN
s our and Three-Quarters Per
Cent With Exemptions, to
Be Interest Rate-Quota
of Atlanta S1O,772,5o0

The Victory Liberty Loan will be
for $4,500,000,000, the bonds to bear
interest at ga per cent, the
highest borne by any of Americas
war loans. The notes, which will be
exempt from normal federal taxes,
will mature in four years. with the
treasury reserVing the privilege to
redeem them in three years. They
will be convertible into 8 ga
per cent notes exempt from all fed
eral. state and local taxation ex-
cept estate and inheritance taxes.
Oversubscription of the loan will be
rejected The quota for the Sixth
federal reserve district is $144, 0O0,-
600 and for the city of Atlanta &c.
( 772.500.
trict were being computed Monday
at Liberty loan headquarters. A num-
Der of them were announced as fol-
lows: LAGRANGE and Troup county,
$650,000: Savannah. S4,266, $50; Ma
s2 sE5s sSge eSS
Chattanooga, 5000, 100; Nashville,
S7,11O,6O0; Knoxville, s2,SSS,45O;
Jacksonville, S5,094,900; Tampa,
S2,695, 100; Pensacola, $7So,65O;
Montgomery, s1,7S3,550: Birming-
ham, $6,911, 500; Athens, $40, 100; Au-
gusta, S2,563,20
There. in nutshell, are the es-
sential facts concerning the Victory
loan, as announced officially Sunday
from Washington. The loan will be
launched April 81, the selling cam
paign to continue until May 10.
Amount Surprise
The announcement of the amount
of the loan and the quotas of the
district and the city came as rather
it was generally believed that the
loan would be for a greater sum
and preparations had been made ac-
cordingly.' AS it is. the. districts
than it was in the Fourth loan and
the quota for Atlanta is $3,000,000
hess. Leaders of the drive expressed
the utmost, confidence that the loan
will be subscribed promptly.
Joseph A. McCord, chairman of the
board, federal reserve bank and di-
rector of the war loan organization,
issued the following announcement
in regard to the new loan:
1.-The small amount of the issue,
the four and three-quarter per cent
rate, with convertible feature into
three and three-quarter per cent
rate, of non-taxable notes, and the
easy terms of payment, unquestion-
ably will make this a popular loan
from an investment standpoint. The
patriotism of our people will make
it success and will leave the banks
liquid to take care of commercial,
lions and for the employment Of Ia
Dor. Our district, as well as all
others, will oversubscribe the loan"
Robert Z. Harvey, zone chairman
for the Atlanta zone, said
y t'From information at. hand, pre-
vious to today, we have campaigned
for the Victory loan on a basis of
five-year securities. one non-taxable
and bearing possibly per cent in
terest, and the other exempt up to
a "a
terest.
"The Atlanta zone was assured OF
promptly subscribing any quota al
lotted on this basis. With the an
nouncement of the amount and terms
of the loan, 1 am convinced t9at
the zone will oversubscribe its al
lotment early in the campaign"
Cooperation Assured
* Mrs. Samuel Limpkin, chairman of
the district women's committee,
The Victory Liberty Loan should
appeal especially to the women of
this district who have money to in
vest. Those who are in business and
each month from their earnings
should buy these notes or bonds on
the easy payment plan, and l be-
lieve many of our business women
will take advantage of this oppor-
tunity. There should be the same
women to invest just as heavily as
they can for the sake of the thou
sands of crippled soldiers who must be
taught self-supporting trades. l be-
lieve the women of this district will
do their part again in making this
last loan the greatest of ALL
S. C. Dobbs, president of the At
lanta chamber of commerce. and
chairman of the Atlanta committee,
said: THE Atlanta chamber of
commerce, with the full co-opera-
tion of all other civic and COM
mercial organizations, together with
all the workers on the fourth Lib
erty Loan campaign. will see that
Atlanta does her full share for the
Victory Loan"
CAPTAIN 4 SUICIDE
IAN DIEGO. Cal, April 14.-Cap-
4 tain Egie 7. Hickey, of the Eleventh
United States cavalry, ended his life
last night at the Fort Rosecrans
8 hospital, medical officers said, by
s. cutting his throat He had recently
& been brought there for treat
treatment as the result of injuries
q received in an automobile accident.
q His home was at Easley, S. G. He
was thirty years old