The commercial. (Union City, Tenn.) 190?-193?, 1920-04-02
j. s. BONDS SOLD
FOR IS IN 1851
BUT WENT TO 118
LIBERTY BONDS NOW SELLING
BELOW PAR, BUT INTEREST
Is ABSOLUTELY SURE.
WILL APPRECIATE IN VALUE
Vendors Of oil Stocks and Others OF
Questionable Value Will Always
Take Liberty BnpdS at Par.

at is rather disappointing to a man
who gave up couple of dollars out OF
his pay every week for a year to find
that he had lost six or seven dollars
on his Liberty Bond"
So spoke a small subscriber to one
Of the Government war loans. He and
his family had decided that they want
ed some now parlor furniture. The
bond was taken from it's hiding place
for shopping expedition. Then it was
discovered that the bond was not ex-
changeable for its face value and that
furniture was good deal higher than
it used to be, says Uncle Dudley" IN
the Boston Globe.
"What does that mean?
"If such transaction were concluu.
ed it would mean two things-a loss In
selling the best security in the world
when it is below par, and another loss
in buying luxury at the top of the
market.
"a still greater loss is possible by
'CANhdb5AA6 q OhAICu OOAug CVCh
at par-offered by an accommodating
oil-stock salesman-for nice rs per
cent proposition which drops little
day by day until it finally falls clear
through the floor, leaving the beauti.
fully, printed stock certificates for
purely ornamental purposes.
Liberty Bonds just now are the
worst things in the world-to sell.
They are the very best investments to
hang on to.
ITO those whose first serious atten-
ton to securities was given in war
time, when the four-minute man stood
up in the moving picture theater or in
the shop and appealed to patriots to
put their savings behind the boys over
there the fluctuations Of Government
securities are disturbing. But the ex.
PLANTATION is simple.
Another class of bond sellers is the
big stock operators who have made
cleanup in the market during the past
eleven months. Stock profits are sub
ject to taxation. Losses on Liberty
Bonds sold under par before the first
of the year make the tax on these prof.
its smaller or wipe it out entirely.
Many of those who sell in order to
show their losses to the tax collector
expect to buy back again in January.
Another class of Liberty Bond sell
ers is made up of the little fellows
Perhaps their trouble has been the
high cost of living A bond sacrificed
has helped to bridge the gap between
rising prices and a stationary income.
There are also those who sell because
they have become infected with the
modern fevor of blowing in" all the
money they can get.
Some persons who ar trying to get
Liberty Bonds away from the little fell
lows are telling them that Europe
owes the United Ctates about $10,00Q,-
100000 and that no interest has yet
been paid on the loan. But it is incon.
ceivable that the great Allied Nations
will or car. repudiate their debts. Still,
if they should never pay dollar, the
United States could charge off the en-
tire debt and still meet every obliga,
ton. Uncle Sam never has failed TO
pay, and when he pays, he always pays
100 cents on the dollar. In 1861 the
United States sold bonds as low as
SO, but the same securities had jumped
to 118 three years after the war and to
124 in 1876.
stop to think that whenever Lib
erty Bond is sold it Is bought by some
one who is as anxious to buy as the
seller is to sell. Who is he?
big investors seem to feel that lib
erty Bonds are quite the finest buy in
the present market. The United States
Treasury thinks so. too, and has
snapped up in year more than 81
900, 100000 of its own securities. The
Treasurer of Massachusetts also has
bought Liberty Bonds. These are real
tips from the best sources.
Nothing short of grim starvation
should cause the average person to
part with his Liberty Bonds. He could
not do better today than to save $40
and with 1t buy another $50 bond. At
that low price, the rate Of interest Is
high. and the bond Is certain to go up