The Adair County news. [volume] (Columbia, Ky.) 1897-1987, 1919-05-21
WAR BONDS HAVE
ALWAYS GONE UP
QUICKLY IN PRICE
HISTORY OF SECURITIES SHOW
HOW VALUES HAVE CLIMBED
SOON AFTER HoSTlLlTIES
wHENU. S. as WENT TO 40
You Will Have Your Last Chance to
Load Up on Worlds Best
investment.

Do you recall Wnen the 4 per cent
United States Government Bonds
reached 140?
You don't have to be so very old to
recall that. And that figure of 14e
meant that the man who bought 1t at
800 per hundred dollars of face value
would be able to sell it for $40. And
he had been drawing 4 per cent in
terest on it annually all the time he
had held it. y
Right now bankers and investment
brokers are predicting that the pres
ent Government security issues, the
Liberty Bonds, will repeat the history
of the old Government Fours.
History will repeat itself they say.
The records of every great war show
that the prices of bonds that were
away down in the days of the war
and for time after the actual fight
ing had ceased, always increased as
soon as peace was firmly restored.
About a hundred years ago the Ma
poleonic Wars were ending. England
had gone through a desperate strug-
gle with the French imperialist- Dur
ing those struggles the prices Of Eng
lish Consols, 8 per cent bonds, ranged
from the high mark 67h to SAY, the
low mark That was in the year 1914.
In 1924, ten years later, the quotations
ranged from S4N, the low, to 96T,
the high for the year.
In this same period the French
bonds were undergoing about the
same fluctuations. The French per
cent "rentes" rose from 80, the high
in 1914, to 104.S In 1924 They had
fallen as low as As in the despairing
days of 1914.
Our Civil War Bonds.
During the Civil War in America,
1851 to 1865, the Government issued
many bonds. During these four years
the bonds sold as low as SO. The
low figure Of SO was reached in 1861
when the Union seemed to be break
ing up forever But that year the
highest figure was 95N.
From 1861 on through the war the
bond values steadily rose. They had
a practically steady rise on through
the war until the panic Of 1873, when
they stood at 1231S high with the low
for that year at liz.
In 1864 the American. Government
issued the 1-40-year bonds, and in
ten years these rose from 1881 to
1854.
The man who holds Victory Note
(short-term bond) 'or any one of the
Liberty Bonds will have something
that every investor will want and be
willing to pay price for. But the
! wise man will not want to sell 1t. He
will want to hold firmly to it in order
to have the steady, high rate of in.
terest and that absolute safety on his
investments.
Last Chance to Load Up.
The man who loads up with Vic
tory Bonds is wise, in the best finan
cial sense of the word. 1t is the last
chance to load up, the last oppor
tunity to buy high-interest war loan
bond.
There are great many evidences
even how that the nation Is begin
ming its financial recovery. AbnorTna,
war conditions are vanishing day by
day. 1t has been noted from month
to month that there is an increase in
bank balances a. financial centers, g
tendency toward lower rates Of
money, lessening of the amount Of
paper held by Federal Reserve and
member banks, an inflow of gold coir
and gold certificates into the banks
indicating greater confidence in the
financial situation and decline II
the amount of Federal Reserve notes
outstanding. ALI these are favorable
signs whose significance should not
be overlooked.