Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1920-04-16

not strictly observed. Frequently the
party is absent from the White House
for two hours and by permission oil
Doctor Grayson. he sometimes goes ou'
two days in succession. The favorite
drive is through Rock Creek Park. or
down into Virginia. Alexandria way.
The presidents personal appear
ance shows that he must have had
long. hard fight before he overcame
the physical trouble that caused his
collapse. He has aged perceptibly.
October is now white, and there are
lines in his face that were not there
five months ago. His complexion is
good. almost bordering on ruddy, and
his general appearance gives the Inn
preston that he is rapidly regaining
his health.
Admiral Grayson, the presidents
personal physician, is still unwilling
to say how soon the President will be
able TO assume all the burdens that
fall to d chief executive. By the adj
mirals orders Mr. Wilson is still
hedged about with many restrictions
and limitations. He does not see MEM
bers of his cabinet except rarely, and
even, his secretary, Mr.. Tumulty. does
not see him on public matters more
than two or-three times a week. The
cabinet officers are still doing business
with him through correspondence. Six
diplomatic representatives of foreign
nations are waiting to be formally re-
ceived by him. Some of them have
been here since late last fall. Within
few days another new British am
bassador will arrive and his name will
go on this waiting list.
Possibility of Relapse.
No effort is made to conceal the
fact that what some persons might re-
gard as unusual precautions to pro-
tect Mr.. Wilson are being taken be-
cause his physician realizes the possi-
bility of a relapse. The recent author
itative statement, by one of the special
lists associated with Admiral Grayson
in the case, that Mr.. Wilson suffered
slight stroke last October explains the
precautions that are now being OBJ
served. Admiral Grayson and the con-
sulting physicians testify that the
president has practically recovered
from the effect of the collapse, but
they deem it of Importance that he
shall not overwork while getting back
his strength and that he shall be pro-
tected against the possibility of sud-
den shock of any kind.
Under the restrictions imposed on
the president he is permitted to trans
act all pressing public business. He
has been doing this for the last two
months, and for several weeks he has
been permitted to clear his desk every
day of the accumulation Of matters re-
quiring his attention.
Confusion Over Exchanging Bonds.
Owners of war bonds and
who is not such an owner-are
confused over the rules and regr1la-
tons for exchanging bonds. The tenn
porary coupon bonds of the third Lib
erty loan had no interest coupons at
tached for interest accruing after
March Is, 1920, and therefore became
after that date for new bonds with all
subsequent coupons to maturity. The
next interest payment on the third
Liberty loan does not occur until Sep
TENDER Is, 1920, and in the meantime,
up to about September 6, 1920, the,
temporary third Az s will still be rec
Ognized as good deliveries in the mar
ket, so that there is no necessity for
any immediate rush by bondholders to
exchange their temporary bonds for
permanent bonds.
The treasury has made provision In
connection with these exchanges OF
temporary for permanent bonds where
by recognized banking institutions In
the United States who make no charge
for their services may effect exchanges
without expense or risk on account OF
the transportation of the temporary
bonds surrendered or OF the permanent
bonds issued upon exchange. PrOvl-
sion has also been made whereby In
cOrpOrated banks and trust companies
may make Over-the-counter exchanges.
In view Of the liberal arrangements
which have thus been made for eff
fecting the exchanges, and in view OF
the fact that no charge for the ex-
change is imposed by the United
States, the treasury is appealing to
the banking institutions of the coun-
try to handle exchanges of temporary
for permanent bonds without expense
to the holders, and thus complete their
patriotic service in connection with
the war loans by carrying out this last,
and mechanically the largest, opera
ton related to our war financing with
out imposing charges for their own
services.
Available Within Few Weeks.
First Liberty loan converted per
cent bonds, second Liberty loan per
cent bonds, first Liberty loan converted
AZ per cent bonds, and second Liberty
loan converted Az per cent bonds are
all expected to be available in perma-
nent form for delivery in exchange for
temporary bonds within the next
month or six weeks, and exchanges of
these bonds will be handled in sub
stantially the same manner as ex-
changes of the third Liberty loan
bonds.
Inasmuch as the temporary first
AIS and second Az IS, have coupons
attached covering interest to June 10