New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1919-03-01
SHORT Term 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

Victory Bonds" as they will be called
will oHAr the investor the most attrac
tive opportunity OF any issue made
by the government, according to &
tentative agreement made by Score
tary OF the Treasury Carter Glass with
the ways and means committee OF
the National House of Representa-.
tives.
1t is considered probable that the
bonds will pay higher rate Of inter
est than any Of the previous issues,
but they will be issued for shorter
terms, maturing in from one to Eve
years.
The government does not wish to
assume the obligation OF a high in
terest rate for a long period Of years,
but is willing to pay an attractive rate
during the present unsettled condi-
tons. 1t is expected that events will
so shape themselves in the next few
years that q hoAer Of these short
term bonds, after drawing = good in
terest rate until they mature, will then
be able to "cash them in" and invest
the returns in business or in other
forms of securities at an advantage
GUS time. For this reason it is ex-
pected that the new bonds will find
ready market.
Secretary Glass announces that an
Intensive popular campaign for the
Victory loan will start not later than
10 hot
definite statement as to interest tax ex-
emptions or other details will be made
much In advance of that date, as con-
ditions are constantly changing. But
that the new bonds will be made an at
tractive investment is considered Ger
tain.
Secretary Makes Statement
An official statement issued by Sec
rotary Glass follows:
"The Victory Liberty Loan campaign
will begin not later than April q. The
of the treasury are i'm |
perative and cannot be financed with
out such a campaign. The form and |
terms of the securities to be issued
to be determined. Whether ,
they be bonds or notes. 1t is absolutely
essential that the widest possible
measure of distribution be realized.
This will necessitate a campaign of
the same character as that conducted
in the past through the existing Lib
erty Loan organizations. They have
pledged again their united support in
order that the Victory Liberty Loan
bonds or notes may be distributed as
widely as possible among the Ameri.
IAN people"
This furnishes the first official no.
ice Of the date Of the campaign, and
lisposes of the rumor that securities
instead of being offered the general
,ublic. ,
Workers Are Busy
Reports received from chairmen and
'ther members of the Liberty Loan or
,anizations all over the country and
in the Sixth Federal Re-
erve District, gives assurance that {
he faithful workers in former cam :
aigns do not intend to quit unit 1.-The
OBJ is finished. Organization Mgbe-
ng perfected well in adye9ce. and
lans laid for . brief and effective
Four types Of bonds are now be-
ng considered by the Treasury De-
to suit varying tastes in in
estments. Their principal features
re:
One class of bonds at a low rate
( interest, possibly four per cent, and
xempt from all federal taxation; one
t q comparatively high rate; p0ssi-
" five per cent, and subject t6s6ll
sderal taxes; third bearing mod
rate rate of interest, perhaps ~ per
emit, and exempt from normal income
X; and a fourth class, exempt from
axation up to q certain amount.