Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1920-02-27
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 Bonds at Par.

1T is rather disappointing to a man
who gave up couple of dollars out OF
his pay every week for year to find
that he had lost six or seven dollars
on his Liberty Bond"
So spoke small subscriber to one
or the Government war loans He and
his family had decided that they want
ed some now parlor> furniture The
bond was taken from its hiding place
for shopping expedition Then it was
discovered that the bond was not ex
changeable for its face value and thai
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 conclud
ed 1t would mean two things-a loss il
selling the best security in the worl6
when it is below par. and another loss
In buying a luxury at the top of thu
market.
"a still greater loss is possible BY
exchanging United States bond, even
at par-offered by an accommodating
oil-stock salesman-for a nice Is pei
cent proposition which drops a 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 te
hang on to.
ITO those whose first serious atten
ton to securities was given in war
time, when the four-minut- man stood
up in the moving picture theater or ii
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 last
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; Libert. 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 stationary ii-come
| There are also those who sell because
| they have become infected with tbs
| modern fevor of blowing in" all the
! money they can get.
| "Some persons who al trying to gel
Liberty Bonds away frorr the little fel
lows are telling them that Europe
| owes the United States about $4,000,
100000 and that no interest has YET
been paid on the loan. Put it is incon
ceivable that the great Allied Nations
will or can repudiate their debts Still
il they should never pay dollar, tbs
United States could charge off the en-
tire debt and still meet every obliga
ton. Uncle Sam never has failed K
pay, and when he pays, he always pay!
100 cents on the dollar In 1851 tht
United States sold bonds as low al
S3, but the same securities had jumpe,
to 11S three years after the war and tt
4 124 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 tn,
seller is to sell. Who is he?
big investors seem to feel that lit
. erty Bonds are quite the finest buy il
=, the present market. n'he United State
Treasury thinks so, too, and ha
snapped up in year more than 81
| OO0, 100000 of it's own securities. TIL
Treasurer of Massachusetts also ha
bought Liberty Bonds. These are red
tips from the best sources.
Nothing short of grim starvation
should cause the average person t
part with his Liberty Bonds. He coul
not do better today than to save 81
and with it buy another $50 bond. A
that low price, the rate of interest