The Lee County journal. (Leesburg, Ga.) 1904-19??, 1919-03-07
SHORT TERM BONDS
AT HIGH INTEREST
FOR VICTORY LOAN
Fifth Issue of Liberty Bonds
VIII Be Most Attractive
Investment of All, in the
Opinion of Finan-
cial Experts

The afth issue of Liberty bonds, or
"Vlctory Bonds" as they will be called
will offer the investor the most attrac-
tive opportunity of any issue mads
by the government, according TO q
tentative agreement made by Seere'
tary Of the Treasury Carter Glass with
the ways and means committee OF
the National House of Representa-
tives.
II is considered probable that the
bonds will pay higher rate CT inter
est than any OF the previous issues
hut they will be issued for shorter
terms, maturing in from one 10 hVe
years.
The government does not wish to
assume the obligation OF high IN
toregt rate for long period OF years
but is willing to pay an attractive rate
during The present unsettled condi-
tions 1t is expected that events Will
sc shape themselves in the next rev
wears that holder Of these shor'
term bonds. after drawing 3 good IN
terest rate until they mature, will theh
ne able to cash them in and invest
the returns in business or IL other
forms of securities at an advantage
ous time. For this reason IL Is eA'
uecfed that the new bends Will ma d
ready market
Secretary Glass announces lhat al
intensive popular campaign lor the
Victory loan will start not later Ihah
April q. 1t is not expected that any
definite statement as to interest YAK eA'
en,ntions or other details will be MADE
much in advance of that date, as COZ
ditiors are constantly changing. But
that the new bonds will be made an at
tractiye investment is considered Ger
tain.
Secretary Makes Statement
An official statement issued oy sec
Rotary Glass follows:
'"The Victory Liberty Loan campaign
will begin not later than April Il. Inc
requirements of the treasury are I'M
neratiye and cannot be financed WIN
ont such "a campaign. The form ana
terms of the securities to be issued
remain to be determined. whether
they be bonds or notes, it is absolutely
essential that the widest posslDie
measure of distribution be realized.
This will necessitate campaign OF
the same character as that conducted
in the mast through the existing LID
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-
can people"
This furnishes the first official no
tice of the date Of the campaign, and
disposes of the rumor that securities
would be disposed of among the banks
instead of being offered the general
public.
Workers Are Busy
Reports received from chairmen 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
the faithful workers in former cam
paigns do not intend to quit until the
lob is finished Organization Is be-
ing perfected well in advance, and
plans laid for 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 rats
OF interest, possibly four per cent, and
exempt from all federal taxation; one
at comparatively high rate; posi-
bly, five per cent, and subject to all
federal taxes; third bearing mod
crate rate of interest, perhaps Az pei
cent, and exempt from normal income
tax: and a fourth class, exempt from
taxation up to a certain amount.