Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1919-03-01
SHORT TERN BONDS
AT high INTEREST
FOR VICTORY LOAN
Fifth Issue Of Liberty Bonds
Will BE Most Attractive
Investment Of All, in the
Opinion OF Finan-
cial Experts

The fifth issue Of = rty bonds, or
Victory Bonds" a. y will be called.
will offer the investo he most attrac-
tive opportunity OF any issue made
By the governmer' according to a
tentative aGreemeI made by SecTe-
tary Of the Treasur, Garter Glass with
the ways and mean committee Of
the National House of Representa-
lives
II is considered rrobable that the
bonds will pay hi .ler rate Of inter
est than any of the previous issues.
but they will be issued for shorter
terms. maturing IL from one to five
years.
The government DIS not wish to
assume the obligai JJn OF high in
terest rate for a Long. period of years
but is willing to pay n attractive rate
during the present unsettled condi-
tions. II is expected that events will
so shape themselves in the next few
wears that a holder OF these short
term bonds, after .d~wing a good in
terest rate until they nature. will then
he able to cash thea in" and invest
the returns in business or in other
forms OF securities It an advantage
GUS time. For this reason it is tx
nected that the new Ids will find a
ready market.
Secretary Glass al noes that an
Intensive popular ca Ign for the
Victory loan will sta not later than
April p. It is not G. ected that any
definite statement as interest tax ex-
emptions or other de- Is will be made
much in advance of rat date, as con
ditions are constantly changing. But
that the new bonds wal be made an at
tractiye investment IL considered GER
tain
Secretary Makes Statement
An official slatcInesk issued by Sec
Rotary Glass follows.
THE Victory Liberty Loan campaign
will begin not later than April 81. The
requirements of the treasury are i'm
perative and canr ne financed with
out such G. Tue form and
forms of ~ issned
remain to be Whether
they be bonds Z absolutely
essential that the est possible
measure OF distribut be realized.
This viii necessitate campaign OF
the same character at conducted
in the past through existing Lib
erty Loan organizatic They have
pledged again their support in
order that the Victol liberty Loan
bonds or notes may ! attributed as
widely as possible ar ; the Ameri
can people"
This furnishes the first official no,
tice of the date OF the campaign, and
d;sposes of the rumor that securities
would be disposed of among the bank
instead of being offered the general
public.
Workers Are Busy
REPORTS received from chaiTInen and
other members OF the Liberty Loan or
CARNATIONS all over the country and
especially in the Sixth Federal Re
serve District. gives assurance that
paigns do not intend 10 quit until the
Job is finished Organization is be
ing perfected well in advance, and
plans laid for a brief and effective
campaign.
Four types OF bonds are now be
ing considered by the Treasury De
partment, to suit varying tastes in in
vestments. Their principal features
are:
One class OF bonds at low rate
of interest. possibly four per cent, and
exempt from all federal taxation; one
at a comparatively l>Sh rate; posi-
bly, five per cent, and subject to all
federal taxes; third bearing a mod
crate rate Of interest, perhaps Az per
| cent, and exempt from normal income
tax; and a fourth class, exempt from
| taxation up to a certain amount.