The Nenana daily news., 1919-04-18
VICTORY DRIVE WILL COMMENCE
 NEXT MONDAY

known as the Victory Loan, will open on Monday, April 21, and will last until May 10th. The loan Is floated for the purpose of raising the sum of four and one-half bil- lion dollars to meet the extra ex- penditure necessitated bs the late war. Of this amount, the quota allotted to Alaska is S954,9OO, and, the amount allotted to Nenana is s3S,15o.
 The lengthy telegram from the governor of the Federal Reserve Bank, at San Francisco, furnishing particulars of the loan, etc, winds up with the words: We are con- fident that with the decreased terms of this loan, your community will oversubscribe, as heretofore"
 The main particulars of the Vie tory Loan, as received from Secre- tary of the Treasury Carter Glass, are as follows:
 The Victory Liberty Loan, which will be offered for popular sub Scriptions on April 21st, will take the form of IA per cent three four year convertible gold notes of the United States, exempt from state and local taxes; except estate and inheritance taxes, and from normal income taxes The notes will be convertible at the option of the holder, throughout their life, into 324 per cent three-four year convertible gold notes of the United States, exempt from all federal, state, and local taxes, except estate and inheritance. In like manner the 3az per cent notes will be con- vertible into "A per cent notes. The amount of the issue will be $4,500. 100000 which, with the de- fered instalments of income and profit taxes, payable in respect to last years income and profits, dur ing the period covered by the ma turity dates of treasury certificates of indebtedness now outstanding. will fully provide for the retirement of such certificates.
 The issue will be limited to o0,oOO,000, except as it may be necessary to increase or decrease. the amount 10 facilitate allotment. Oversubscriptions will be rejected and allotments made on a graduated scale, similar in it's general plan, to that adopted in connection with j the First Liberty Loan. Allotment will be made in full on subscrip- tlons up to and including S10.000; the notes of both series will be dated and bear interest from May 20, 1919, and will mature on May 20, 1923. Interest will be payable on December 15, 1919, and there after semi-annually, on June 15 and December l5 and at maturity. All or any of the notes may be redeemed, for maturity, at the op- ton Of the United States on June l5 or December 15, 1923 at par, and accrued interest. Tn fixing the terms of the issue the treasury has been guided largely i by the desire to devise a security which will not only prove attractive 10 the people of the country in the first instance, but the terms of which should insure a good market for the notes after the campaign is over; and identical prices for the two series, and should not affect injuriously the market for the exist ing bonds of the liberty loans. This
 would be the last liberty loan, al though, as the remaining war bills are presented, further borrowing must be done
 Il anticipate that the require ments of the government in excess ! of the amount of taxes and other income, can, in view of the de-
 ereasing scale of expenditure, be
 readily financed by the issue of
 treasury certificates from time to