The diamond drill., 1919-04-19
VICTORY ISSUE IS FOUR AND ONE
HALF BILLION AND RATE AIS
OUR ALLOTMENT S225,OOO
Western District Takes S150,00
of Bonds and the Eastern
District SIS, ZOO

The Victory Liberty Loan. will be
offered for popular subscription on
April 21. will take the form of AZ
per cent three TO four years converti-
BILE gold notes. OF the United States,
exempt from state and local taxes,
and from normal federal income taxes.
The notes will be convertible at the
option OF the holder, throughout their
life into 3s4 per cent three to four
years convertible gold notes of the
United States, exempt from all fed
eral, state and local taxes, except es-
tate and inheritance taxes. In like
manner the 3A per cent notes will be
convertible into the AZ per cent
notes. The amount Of the issue will
be $4 ,5OOOOO,oO0
Interest From May 20, 1919.
The notes Of both series will be
dated and bear interest from May 20,
1919 and will mature on May 20, 1928.
Interest will be payable on December
l5, 1919. and thereafter semi-annual-
" on June l5 and December 10, and
al maturity All or any Of the notes
may be redeemed before maturity at
the option of the United States on
June Is, or December IS, 1922, at par
and accrued interest.
Iron County's Allotment.
The allotment for Iron county,
Michigan. will be $2250o0 The west
ern district, 'or Iron River end Of
the county, will take $150,000 OF these
bonds, and the eastern, or Crystal
Falls district. will take $4,000 of the
bonds.
Committees for Drive.
Ben C. Neely is vice county chair
man OF the Eastern District Victory
Liberty organization, and Ira odgers
is chairman OF the Crystal Falls city
COMMITTEES other members OF the
city committee are: Herman Holmes,
f. d. Ball, j. II. Stolberg, ]. j. Gaff-
ney, Nathan warshawsky and John
Linn; w. ID. Hill, schools, w. f. Jacka,
Great Western location; f. Edyvean,
Bristol location.
Crystal Falls Township Committee
M +. Richards, chairman; Alvin
Richards, George +. Jolliffe, Charles
Uren.
Alpha Village Committee-W. j.
Perkins, chairman; II. G.. Whitehead,
Harry G.. Anderson. Alfred Piper, DR.
]. p. Edwards, George +. Bishop.
Hematite Township Committee-El-
mer Holmberg. chairman; Elias Puo-
tinen, Christopher Rowe, o. M. Olson.
Dunn Mine Location Committee -
Capt. Edwin Jacka, chairman; An
thony Davis, Jr.. Louis Cook.
Mansfield Township Committee.
]. Corbett, chairman.
Pentoga Village Committee Thos.
Montambo, chairman; Thomas Mon
tambo. M. Dubois, Pat Gallagher.
Terms Of Past Loans.
For some time the treasury had
contemplated terms for the Victory
loan which would have a direct I'm
nuence in keeping up the market p.ice
of past issues. but apparently these
plans were abandoned.
4 Terms OF the Victory issue may be
compared with the following terms
OF past issues:
First Loan-s2 900, 100000; az per
cent. tax exempt; maturity thirty
years.
Second Loans 900. 100000 offer
ed $4.617 100000 subscribed; $685.
900. 900 accepted; 4 per cent; partial
" tax exempt; maturity twenty-five
years.
Third Loans. .O00. 100000 offered
A.176. 900 900 subscribed and accept.
ed; Az per cent. partially tax emept;
maturity. ten years.
-Four I.oan-s6 900. 100000 offered
~. 800 .0OO. 900 subscribed and accept
ed: az per cent. partially tax exempt
with special conditional exemptions
for past issues; maturity, twent,
years.
War Savings stamps bear the equiva
a.,t ~ xa~ nart tufereqf and rnatur,