Douglas Island news., 1919-04-18
VICTORY LOAN
 STARTS MONDAY
Information Received Giving Full Details of the Last Great
 Loan Drive
q q q q q * q 6 % %-@ q q. .

|. (: q q % q q (: q q e q *. $ q Total or Victory Loan, Si,- q q 5OO.555,555. q * Twelfth Federal Reserve Dis % ] $ trict. S3OI.5O0.OOO q e Alaska quota. Sg5iO0O. " % Douglas quota, $2S,SOO. q e Interest II e.. " e Life of bond. Co 4 years @ * Drive starts April 2l, closes {" q May loth |" * No more than the allotted * q quota for any district will be q q sold. {" + q q q q q q q q * q q * 6
 The Victory Liberty Loan will be offered for popular subscription on April 2lst and it win take Che form of 4M gs three Co four year com vertiblc gold notes of Che United States. exempt from state and local taxes except estate and inheritance taxes and from normal federal iu- como taxes.
 The notes will be convertible at thc option or the holder throughout their Iifc into 3MC, thrce-to-four- year convertible gold notes Of Che United States exempt from an fcd- cral. state and local taxes except cs- tate and inheritance taxes In Che same manner Che 3%', notes may be converted back again into Che 4ACs notes ot the option of the holder.
 The issue win bc limited Co $i,- 5OO.555.555. cxcopt ag it may Doc necessary Co increase or decrease thc amount to facilitate allotment and auotmcuts made on a graduated scale similar iu it's general plan Co that adopted u connection with the First Liberty Loan. Alloments will be made iu full Co an those asking for any amount up to and including SI0.0oO.
 The notes or both series will be dated and bear interest from May 20. 1919. and win mature on May 90. 1923. Interest win be payable on December 10. 1919, and there after scmi-anuuully on June 10 and December 10 and at maturity.
 An or any Of thc notes may be redeemed at Che option of Che United States ou June 25th or Dee. 10, 1928, at par and accrued interest
 Briefly stated, thc tcrma Of thc loan make che choice of the i% or &Ac. bonds optnal with Che sub- scribcr. Tho first are not taxable on normal incomes, but are taxable Co people of larger ones. They arc thc bonds for Che ordinary man. The 34o, bonds arc for folks who have large incomes and are free from an taxes except as noted.
 Although not stated in thc tclc- gram announcing tho terms of Che loan. there is mo doubt but that the bonds win be issued in an dcnomina- tious from S5O up. Preference will be given Co applications that are not over SlO.OOO. over that amount pro rata allotmcuts will be made.
 The quotas in an instances have been lowered and there is no doubt that as this Is the most attractive loan ever put out by Inc govern ment an districts will quickly sub- scribe their allotmcntg.
 In fixing thc terms of Che issue che Treasury Department has been guided largely by the desire to de- wise security which will not only provo attractive Co. the people of the country in Che first instance but the terms of which should insure a good market for thc notes after Che cam paign Is over
 This will be Che last Liberty Loan although as thc remaining war bills arc presented further borrowing must be done.
 The Secretary of the Treasury says. "I am sure that the people of America will subscribe Co this Vic tory Loan in the same spirit of pa- triotsm which they have shown in Che past. to thc end that the notes may be as widely distributed as pos slblc and that our banking institu- tlons may be left free Co supply the credit necessary for the purpose of industry and commerce and the full employment of labor Let the world sec that the patriots of Amorica.out of their boundless resources and the same enthusiasm and devotion Co country with which they prosecuted tho war Co a victorious conclusion, are determined to finish the job"