The Neshoba Democrat., 1919-05-01
SHORT TERM BONDS
AT HIGH INTEREST
FOR VICTORY lOI
Fifth Issue of Liberty Boz
Will Be Most Attractive
Investment of All, In the
Opinion Of Finan-
cial Experts

The fifth issue of Liberty bonds
"Victory Bonds" as they will be cal
will offer the investor the NEST att
tive opportunity of any issue m
by the government, according Il
tentative agreement made by SCI
tary of the Treasury Carter Glass "
the ways and means committee
the National House Of RepreseI
tives.
: It is considered probable that
bords will pay higher rate Of In
est than any of the previous isst
but they will be issued for shoI
terms. maturing In from one to
years.
The government does not Wish
assume the obligation Of high
terest rate for long period Of yes
but is willing to pay an attractive r
during the present unsettled col
tions. 1t is expected that events \
80 shape themselves In the next !
years that a holder Of these 81
term bonds, after drawing o good
terest rate until they mature, viii q
be able to "cash them in" and inv
the returns in business or In OF
forms Of securities at an advanta
GUS time. For this reason 1t IL
pected that the new bonds viii I'M
ready market.
Secretary Glass announces that
intensive popular campaign for
Victory loan will start not later 4
April q. 1t Is not expected that {
definite statement as to interest tax
emptions or other details. will be ma
much in advance of that date, as
ditions are constantly changing. ]
that the new bonds will be made an
tractive investment IL considered {
tain.
Secretary Makes Statement
An official statement issued by 8
retary Glass follows:
"The Victory Liberty Loan campa
will begin not later than April q. i
requirements of the treasury are
perative and cannot be financed wi
out such a campaign. The form g
terms of the securities to be issu
remain to be determined. Whetl
they be bonds or notes, it is absolut
essential that the widest posi-
measure of distribution be realiz
This will necessitate campaign +
the same character as that conduct
In the past through the existing II
erty Loan organizations. They hs
pledged again their united support S
order that the Victory Liberty L<
bonds or notes may be distributed
widely as possible among the Anne
can people"
This furnishes the first official !
tice of the date of the campaign, q
disposes OF the rumor that securitl
would be disposed of among the ban
instead of being offered the gene
public.
Workers Are Busy
Reports received from chairmen .
other members of the Liberty Loan
ganizations all over the country o.
especially in the Sixth Federal 4
serve District, gil IS assurance th
the faithful workers in former ca
paigns do not intend to quit until {
Job is finished Organization is Z
ing perfected well in advance, a
plans laid for q brief and eEeeti
campaign.
Four types Of bonds are now |
ing considered by the Treasury /
partment, to suit varying tastes IN I
vestments. Their principal featurs
are:
One class of bonds at a low ra
of interest, possibly four per cent. a.
exempt from all federal taxation; o.
at a comparatively high rate; pos
bly, five per cent. and subject to 1
federal taxes; third bearing q me
er tie rate of interest, perhaps Az p
cent, and exempt from normal incor
tax; and q fourth class, exempt fro
taxation up to certain amount