Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1919-03-06
SHORT TERM BONDS
AT HIGH INTEREST
FOR VICTORY LOAN
Fifth Issue of Liberty Bonds
VIII BE Most Attractive
Investment of All, in the
Opinion of Finan-
cial Experts

The fifth issue Of Liberty bonds, or
Victory Bonds" as they will be called,
will offer the investor the most attrac-
| tive opportunity of any issue made
by the government. according to a
! tentative agreement made by Secre-
tary of the Treasury Carter Glass with
The ways and means committee of
the National House of Representa-
! lives.
II is considered probable that the
bonds will pay higher rate Of inter
est than any OF the previous issues.
but they will be issued for shgrter
terms, maturing in from one to five
years.
The government does not wish to
assume the obligation OF high in
terest rate for long period OF years.
but is willing to pay an attractive rate
during the present unsettled condi-
tions. 1t is expected that events will
so shape themselves in the next few
years that a holder of these short
term bends, after drawing good in
terest rate until they mature. will then
be able to "cash them in" and invest
the returns in business or In other
forms of securities at an advantage
GUS time. For this reason 1t is ex-
pected that the new bonds will find
ready market.
Secretary Glass announces that az
intensive popular campaign for the
Victory loan win start not later than
April 81. II, is not expected that any
definite statement A. to interest tax ex'
emptions or other details will be made
much in advance Of that date. as con
ditions are constantly changing. But
that the new bonds Will he nIado an al
tractiye investment is considered Ger
tain.
Secretary Makes Statement
An official statement issued by Sec
rotary Glass follows:
"The Victory Liberty Loan campaign
will begin not later than April q. The
requirements of the treasury are i'm
peratiye and cannot be financed with
out such a campaign. The form and
terms Of the securities to be issued
remain to be determined Whether
they be bonds or notes, it is absolutely
essential that the widest possible
measure of distribution be realized
This will necessitate campaign OF
the same character as that conducted
in the past through the existing Lib 1
erty Loan organizations. They nave
pledged again their united support IL
order that the Victory Liberty Loan
bonds or notes may be distributed a
widely as possible among the Amer
can people"
This furnishes the first official no
tice of the date of the campaign, and
6isposes of the rumor that securities
would be disposed of among the bank
instead of being offered the genera
public
Workers Are Busy
Reports received from chairmen ana
other members of the Liberty Loan or
carnations all over the country and
especially in the Sixth Federal r.
serve District, gives assurance tha
the faithful workers in former cam
paigns do not intend to quit until the
lob is finished. Organization is b.
rs perfected well in advance, eaG
p,cns laid far brief and effective
campaign.
-Four types of bonds are now be
Ing considered by the Treasury De
partment, to suit varying tastes in in |
yeetments. Thcir principal feature
&tc:
one class of bonds at a low rate
of interest, possibly four per cent, and
exempt from all federal taxation; one
al comparatively hish rate; posi-
bly, Eve per cen, and subject to all
federal taxes third bearing mod
erste rate Of interest, perhaps AZ per
caIt aaa ~ na9t frofa normal Income
+ew. ard n fourth class. exempt from