Salt Lake Herald-Republican | 1918-01-18 | Page 5 | M'Adoo Takes First Step in Third War Loan

M ADOO TAKES FIRST STEP IN THIRD WAR LOAN Secretary Announces Treasury Treasury Treasury Treas Treas- ury Certificate Issue for J January y 22 Washington Jan 17 As As the gist first financial step In preparation for the the third Liberty loan Secretary McAdoo cAllo tonight announced tI a new Is Issue ue of oC of oC treasury certificates of or In Indebtedness In in- bearing 4 per cent front January Januar 22 and payable April 22 Subscriptions Subscriptions Sub Suh- will bo be received by h federal reserve banks at par and accrued Interest in interest In- In terest until January 29 20 and payment must be made by that date The certificates cor- cor will be bo received in payment of ot third Ilbert Liberty loan subscriptions This Tills arrangement Indicates that the first payment on the third Liberty loan will be on or about April 22 and that If Ir the tho same plan of or Installment payments payments pay pay- ments is 11 maintained for tor the third as asfor asfor asfor for tho time second loan the bond selling Campaign n will be he In March For the second loan the thc first payment was made two weeks al after r the close o of the months month's campaign n. n For the first time since the United States started its big war war financing movement subscriptions will be re received received received re- re I simultaneously for COl two current issues o of certificates since an I Issue flue of oC so called tax certificates Is still open The in tt e e Is the same as ason ason ason on other recent issues i 1 On the latest McAdoo reserved the right to reject an any subscription subscription sub sub- to allot less than the amount applied for to close the subscription books at any an time and to redeem the certificates before beCore their maturity date The certificates will be In denominations denominations denominations of or 1000 and 1100 The They are exempt from all federal state and local t taxes except estate an and Inheritance taxes Income surtaxes and excess profits taxes Interest on worth of certificates owned by any anyone one person or Interest Is also exempt from Income surtaxes and excess profits taxes