The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-06-01
ABOUT LIBERTY BONDS

hodcrs OF Liberty Bonds who themselves to hold
hese securities until normal conditions return will find them
selves rewarded in much satisfactory way than troue
any variable interest plan designed force the Liberty issues 10
par according to the Geenvlc c. News in recent timely
discussion o the plan fahered by Col NJ W. Thompson TO pro-
wac new issue OF bonds for which would be exchanged
Die the interest rate which would be adjusted semi annually
a. ne plan very interesting from financial standpoint says
cue News and of of than passing interest ia the
thousands OF Americans who paid Liberty Bonds and are now
unable to sell them except considerable sacrifice The plan
however would be radical departure the handling
OF bonds and especially radical departure for government
hnance Whether should be seriously considered is
matter for great deal of thought
1t Is true that Liberty Bonds selling below par lust at
present because OF the comparative low rate principally
Many people bought bonds during the without feeling that
y were making investment but principally from patriotic
reasons these buyers feel that they paid penalty for
'e oy motive that inspired them purchase Liberty Bonds
inns an unfortunate incident the situation would indeed pro-
mote friendier feeling around If the government could hand
ok the money to these people and them they should
not suffer financially for lending their all to the government in
critical time However while this an unfortunate incident in
the situation but feel merely an incident
The government borrowed money from its people to
duct and there question every cent of this
will be paid back upon maturity the bonds MANY people felt
that Liberty Bonds should always worth at least par and the
TACT that we have been disappointed in this no fault of the
price for its bonds the open market II guaranteed to
pay them when due and there is doubt that will be
that he may not be able cash in before the due par
Liberty Bonds s being government bond of the strongest
There absolutely doubt about payment OF their coupons
whe d or about the payment OF the principal when due This
sdeng this high degree OF safety Liberties be compared
with many other investments even the very best
he plan proposed by Col Thompson would
V to investors interests normal times while might pre-
vent bonds from going below would also prevent them
from gong above when becomes cheap is
to do some day. This is something to be considered
While the low price of Liberty Bonds generally ascrbed
to the low interest rate there IS believe cause and
this the large quantity of these bonds hands of people
who do not desire them as investments These holders desire
sell them out quickly possible and naturally operates
to check rise the market If holders Liberty Bonds
would all put them away safety vault and keep them
under circumstances would be above its present
purpose for which they should have been bougan investment
OF the highest type of secuywe believe the market even
level
Government bonds usually bring lower interest rate than
commercial paper because of the vpqucsoned security In
NAL times it government bonds bearing four
per cent interest to sell at ten above The
should be Of Liberties under money conditions
and normal conditions of supply demand If holders of Lib
arts can content themselves to hold through the ptesen alb
normal conditions they should find themselves eventually
varded for their apparent loss more atac-
ory than would be afforded them by the variable interest
,an."