The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1919-04-17
WESTERN UNION
TELEGRAM
Received at ANA SIT Govt. Minneapolis
MINI. 1917 Pm. Apr. 1914, 1919
Register, Bookings, S. d.

~ az AVN ' NO'h'
MINI. 1917 PM. Apr. 1914, 1919
Register, Bookings, S. d.
South Dakota has been allotted
twenty-five million five hundred thous-
and dollars of the Victory Liberty
Loan. The Ninth Districts quota is
m hundred fifty-seven million five
hundred thousand dollars, out of a to-
tai for the nation of four billion five
hundred million dollars. The rate of
interest is four and thi~ee-quarteTs per
cent. The unexpected small amount
of the Loan and the high rate of inter
est have brought great JOY to the Lib
erty Loan workers of the Ninth Fed
eral Reserve District. who will begin
their campaign on Monday, April
t~wenty-frst. As announced by the
treasury department the Victory LIB
erty Loan will take the form OF gold
notes maturing in four years. These
notes will he exempt from state n
local taxes, except estate and inherit
ance taxes and from normal federal
income taxes. The notes will be con-
yertihle at the option of the holder
throughout their life into three and
~three-Quarters pc recent four year notes
of ike maturity, and exempt from all
Federal. state and local taxes except
estate and inheritance taxes. The
notes OF both series will be dated and
bear interest from May twentieth,
nineteen-nineteen, and will mature
May twentieth, nineteen twenty-three.
If the loan is Over-subscribeG, as is
probable. only subscriptions of ten
thousand dollars and less will be al
lotted in full. The terms of this issue
nave been based upon the desire to
desire ETAOIN UN ETAONI UN UN
devise a security which will not only
prove attractive to the people, but the
terms OF which will insure a good
market for the notes and not affect
adversely the market for the existing
government securities. Theodore
Void, governor of the Federal Reserve
Bank, commented as follows: THE
terms Of the Victory Liberty Loan are
so extremely favorable, and the
moun to be raised in this district is
so comparatively small, that to my
mind there is absolutely no doubt but
that the loan will be promptly over
subscribed in the Ninth Federal Re-
serve District" A. R. Rogers, chair
man of the Central Liberty Loan Com
mittee, expressed eager satisfaction
n.,a fha farp,c IF thu lnnn ''Tha Njn-
tory notes are the finest security ever
issued by the United States" said Mr..
Rogers. People in this district and
all over the United States will take
them because they appreciate their
value as an investment, and because
they believe in their government. The
treasury departments announcement
of terms should dispel the last trace
of pessimism and this has been the
cause of our only fear about the over
whelming success of the loan" we
are delighted with the terms of the
Victory Liberty Loan as announced
by the secretary of the treasury and
are satisfied with South Dakota's al
lotment as decided upon by the Ninth
District central committee" said J..
c.. Bassett, state chairman for South
Dakota "The terms announced make
the Victory notes most attractive from
an investment as we'll as from a pa
triotic standpoint. Twenty-Five mil
lion FIVE hundred thousand dollars al
lotted to South Dakota Is only our fair
share. The people of our state are
extremely prosperous and have Won
derful prospects owing to the high
prevailing prices of all our products.
In addition our patriotism is still alive
and we will finish the job promptly
and satisfactorily" Please advertise
these welcome facts as widely as pos.
sible. Thanks.
9:35 A. NJ. A. r. Rogers.
CONTINUED on Page 10-Col. A.