The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1919-11-25
yAl.rE OF WAR 30



some re- OF people from Ia
Taco. from Providence or
or frc ONE other point on -
map ! the most prosperous na'i'
oar, write letters to the treasrs
naJro~ t at Washington and a.
v;.e . 20 safe investments for
money that are accumuiatihs
pockets.
That department does not W;
,,. :, elf in the position Of un b. .,
n,shi q it's own wares, but 1t J."
Iot If confidence in the govern
securities that are kicking abou'
really feels that an opportuni'E
profit on an investment ln encI
turi,ies is about As good TN
,ne should want. If properly pu
treasury officials will reveal
,t,n which max y it look q: t.
-, investor might GO far an'
" -.se than by pu ca:.*:a2 COVE,
I. IDS.
In all there are ten varieties O.
~ nds on the ne "kct. Ih' 6" or
~ none of then for sale. They
IRE. dy sold. ,h.v are now own
tie people. Th ,vcrnmen: n';'
nrofit by their rise o: fall. 1t h''
- nav interest on them at par All
sot to retire them at maturity
q, tho same to the government If they
sell at 80 or 12o.
The first Liberty bonds 'sSac IS;
a,ew the lowest rate Of interest. Tn '
,o three and half bonds. StranSe
~ COW. Of all the issues this is the 0 {
that is today bringing the mshes
mice. These threes and a half are new
ceiling above par. The reason io'
this is that they are exempt from IN
come tax. Rich folk whose surplus III
come goes largely into the e0fIer
of Uncle Sam, buy these oonos Q"
are allowed to keep the whole
asr asS cent. s They are good buy for tn
rich folk, but they would be the wor :;
NV h,,v in the lot for a poor man who
49, 49, navine a high rate of income tas
NV T. IS interesting that he fourth Li'
srtv loan issue, which pays IA pc
sant interest, sells way below par
II is the cheapest of the government
securities on the market 1t sell
,round "a. It is not exempt from ID ~
come tax, and so is not as go0o 10
the rich man. 1t is fine' however ~
tho noor man. 1t is worth more tha'
oA The reason it is cheap is largely
dus to the fact that there is sc
r,,,cb of it. 1t was the big issue. There
is $4,000, 100000 worth OF it. ihere
is always a certain per cent "he
are forced to sell for one reason ol
another. Of a big issue there are mor'
holders who put their bonds on th'
market. The old law of supply and de'
mand works and the price is run
down. The fourth Liberty loan 4 Ia
at the present price pays ATT per
cent on the investment.
The bankers fayorite Of the Lib
ertv bonds is the third a IA; These
bonds mature in ten years They are
selling a little below par. The inter
est is good and. early maturity in, in,
s,,res profit on the buy. At the pres
ent market price they figure to yield
4s7 on the money put in them.
Then tlcve are the second four:
and a auar.er. They are to buy OF
them all that lust now yields the
highest, return on the investment
They's sell around 94. The government
has the. privilege of retiring them IN
1927 and will probably do so. rms
means that there will probably be a
profit of 6 cents on each dollar. This
added to the interest that will be col
lected in the meantime means that
these government bonds are today
a SIS per cent investment which is
mighty good for the bonds of the gov
ernment which is the most finan
cially sound Of any in the world.
These figures are based on the
known fact of the rate paid. on these
bonds and the known figures at whicl
they will be retired. There is nothing
speculative in government bonds
bought at these figures. One know