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Show HUNKS TO Iff . CAflE OF SMALL : BOND INVESTOR Distribution of $10 Participating Partici-pating Certificates Being Considered; Reserve i 1 Board Favors Plan. SUBSCRIPTION TO LIBERTY LOAN EASY 1 Treasury Redeposits Approximately Ap-proximately $128,000,000 Among Banks Buying Certificates. ' WASHINGTON, Mnv -d. l'cdernl re- scre banks throughout the i-oi-.ntry :ire oimsiderinj: distribution of 10 purtu-i-:itin I'ortifioutos. similar to those ready nsoJ in Nmv York, to ai.l pros- I lu-etive iurv.'hnsi'rs of small bonds. j Whatever lu-tion is taken will be by I the banks individually as fiscal agents of the government and not by oiree- ) tion although orolmbly with the permission per-mission of the federal reserve board. The treasury today inuauuraled its t policy of redistributing among sub- si-riliiiis: banks a portion of the proceeds of treasury certificates of indebtedness which will be extended into distribution distribu-tion of proceeds of the liberty loan . when installments are paid. Of the J-'i'.'.OdO.Oim obtained from the last offering of-fering of certificates of indebtedness, approximately J-VlV-!v0.r,i was re- deposited among banks which took the issue, subject to call and at an interest of 'J per cent. It was intimated that the policy would be continued with reference, to further offerings of certificates where pra.rical. Another offering of ?-''"!.-(Hui;ai probably will be made within the next ten days. As a further aid to the small investor, the comptroller of the eurrenev so- ( nounced tonight that he would endeavor to secure banking aid for investors who might not be able to pay the amounts of tb-ir subscriptions prior to August 3d. -:ien the last installment is aue. Will Be Accommodated. "If any man or woman drawing a salary of" wages or having other in-V'oai-'i desire to buy a liberty bond," fc-TT sail a statement issued by the coinp-K coinp-K :oller, "and having onlv a portion of 4e money available, wishes to pay for the bond during the ensuing year as Ilin Utl''S Ht llH'OIIU's n'l'lllit, lit' will l'ui.1 tlu' luniks in Ins iiuiiii'ilinli in:il (V M I 1 l I 1 1 1 1 Lf Ullll llltl til llfClMll llunl;ili' III til, MS I HI f lifttlU- llli' "'IH I" :il!v rwn.'in k'ii.!il ;in.l r.Hium'ii'l iitl- p;il riot i stn iin.l in1 MiM'Uintf mi vlt i-.hly fur tin1 ,'(iniiiiuii .iuil. "lint it'jinv iii li 111:111 iir wtiiimn in tin- I nil..! Slnl.'s, tl, -siring In niwsl in t H i uwinnrr in ti lilnitv lnuul sliouM lt rt'l'itM'tl lliis n. rnniiiiiiiliu inn t'unu his it Iwr lunik nu will rutiiiinini'iitt' willi tins nl't'i'V, t ho c.Mitpt rulliT nl' tho .'iirri'iu-v will yiw him nr her tlu it;uin's ut luniks w lin-li will i;l;i.lly rnrrv I ho hl.ort v IhmkIs t'or Mirh unvhiistr h I a t'MYonil'lo iiiloic.st ratu nn.l yivi iunili' tint. hi, whi. h In my fur tlioin. Premium PribiitIe. " It is prolmMo thut nftor the om-I'li'.oion om-I'li'.oion of prai-o, lilu-rty hniuls will ml- atuv m:i!vi;illv in iho niiiikrt, Thtvt' yvr i-fiit l' 11 it ol States lioinls which, liko tho lil'orty homls. t'uiniot ho usol its a basis tir naUniuil hank t-iivulu-t io 11. fnrmt'rlv sohl at HKt ami hiyhiM. It' ilio lil'ortv hnii'ls shnul'i, .noil within two voars ut H7, wliu'h priro is t'.iiia-lont t'.iiia-lont to l'nito.1 Stalos ;is of I 1 at hK tlio inxostor in tho liberty bomls wtubl mako this 7 por oont pioininiii in alii tutu to his per rout intorost with absohito pi oto.-t ioa of his prim-ipal." la a Ktatonient isU0l bv tho treasury ilopartuioat, it was ma.it' clear that lutvers of tin boiuU iu Hums of los than $M.0iHi. arc not oompollo.l to pav bv iiistailmoiit.-, but umy remit the full amount , when t hey liosiri to ilo so, with their applications. May Pay at Once. ' ' Subscribers who olt'.siro t pny t on co for a i amount in excess uf one bond or ono 4 1 00 bunl, ami do not object to the loss of interest on thoir funds between the time of payment and .June 1"," reads the statement, "e:ui 0tid in thoir cheek for the full amount of bonds at a flat price, that is, without any accrued interest, and if this cheek is collected on or bet 010 June 1."), the bomb- which they are ul-ot:ed, ul-ot:ed, whether in full or in percentage allotments, will bear interest from dune 15, and they will be charged no accrued interest irrespective of when their allotment allot-ment later finally oes out. 11 case of a partial allotment, check for the overpayment without interest 1 w ill bo ret ur nod as soon as possible J after tho allotment. "If subscribers desire to invest their money at once they can purchase treasury treas-ury certificates of indebtedness up to the full amount of their application, and deposit them with the application with the federal reserve bank and irrespective irrespec-tive of the maturity of these treasury certificates they will be taken as eash June 15, and the interest to J une Jo remitted to the subscriber, and such bonds as are allotted to tho suhserir er will bo allotted as of June 15; thnt is, without any charge for acc,rued interest. in-terest. -'Iu tho case of a reduced allotment the treasury certificates deposited in payment will be split into one piece equaling the amount of bonds allotted and one iieee equaling the a mount of excess payment made, subieet to adjustment ad-justment in cash if the allotment is not a multiple of the lowest denomination of t lie certificates (cither $Huo or f500Ml. Certificates for the excess will be returned to the subscriber and will continue to bear interest tint it they have finally matured as stated on the face of the certificate." |