Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1922-06-08
TREASURY DEPARTMENT
To all Banks and Publications in tn
Twelfth Federal Reserve Distric

| To all Banks and Publications In the
! Twelfth Federal Reserve District
! Dear Sirs:
! FOR the particular benefit Of your
patrons. won't you kindly empha-
size To them at every opportunity
| within the newt two weeks the fact
that interest on all 3A % Victory
Liberty Loan Notes will cease on
June 10, 1922, in accordance with
the Notice OF Redemption" issued
by the Secretary of the Treasur-. and
regularly published in daily papers
Of this District, commencing Thurs
day, February 8, 1922.
This fact was again specially re-
iterated through the following press
statement from Washington, D. c.,
on Monday May %, 1929.
The Secretary of the Treasury to-
day culled attention to the fact that
all 3 y % Victory Notes, pursuant to
the notice given February 8, 1922.
have been called for redemption on
June 10, 1922 and that interest on
the 3 q % Victory notes will there
fore cease on that date AS an
nounced on February 8, 1922, the
Treasury is prepared to redeem any
of the 81 % Victory Notes before
June 10, 1922, at the option Of the
holder, at par and accrued interest
to the date of optional redemption, :"
In calling" the 3X9e Victory
Notes for redemption on June Is
next (nearly year before their ma
turity ON May 20, 1929, the Govern
ment Is exercising the following op-
ton, reserved in Treasury Depart
ment Circular No. 1873, announcing
and prescribing the terms under
which the Victory Liberty Loan was
offered on April 81, 1918:
The notes. Victory" NAV be re-
deemed, at the option of the United
states, under such rules and regu-
iatlons as the Secretary OF the Treas
ury may prescribe, on june Is or
december 10, 1922, in whole or In
part as to either or both series. at
par and accrued interest, on four
months notice of retention given
IN such manner as the Secretary OF
the treasury shall prescribe"
In view of the foregoing, it be-
moves all owners or holders nj out.
standing az Victory Notes tn
present them for retention not later
than the middle of June, 1922. no.
cause these Notes will not earn enr
interest after that date. Redemn.
IONS can be effected through any
pabh or trust company in the
t~eifth Federal Reserve District. or
by direct application to the Federal
reserve Bank Of San Francisco oy
its branches at Los Angeles. Port.
lnaQ, Seattle Suokapa ond cot. 80.
City, W 'ai' Lake
IT viii likewise be adyantapeon
for the public to know that they can
invest the proceeds OF these redemp-
tons Cup to $4,000 cash) profitAbly
and with equal Safety In not ex- |
ceediDg 5000 maturity value of the |;
New Issue OF Az % Treasury Saw
ings Certificates. These Certificates
mature in five years from the date |
purchased. and are issued In three
denominations; $25 Certificate can
be bought for $40, a 500 Certifi-
cate for $50 and a $1,000 Certifi- |
cate for $50. Therefore they can.
not depreciate In value they are also /
registered, which fully protects the !
owner against theft, fire, or loss OF
any kind. They are exempt from |
State and local taxation Except
estate and inheritance taxes) and
from the normal Federal Income
Tax. The Government cannot "call"
these Certificates for redemption
prior to maturity, but the Treasury
will, II desired, redeem them on de-
mand any time before maturity, at
values designated on the back OF
each Certificate, equivalent to the
price paid. plus interest at about
8 " 70 per year, compounded semi.
annually.
Any banking institution can OBJ
tain Treasury Savings Certificates
Tor itself or its customers from the
nearest Federal Reserve Bank or
Post Office, and other
corporations or individuals also ell
10y the same privilege.
Thanking you In anticipation Of
prompt and favorable action, re-
main
Yours very truly,
THEODORE HARDEE,
District Director.