Show NATIONS NATION'S SUPPORT I OF NEXT NEB L LOAN LOANIS IS URGED sy Associated Press W WASHINGTON March The I Victory LIberty loan campaign will open Monday April 21 21 and close three weeks later Saturday r May lay 10 S Secretary Glass announced the dates last night together with the fact that short term notes maturing In not over five years would be Issued Instead ot of longer term bonds The amount of or I notes to be offered was vas not disclosed I but It has been generally understood that the loan would be for a minimum I ot of with the treasury reservIng the right to accept all over over- subscriptions Mr Glass said the Interest rate on the notes and the amounts to be exempted from taxation would not be determIned until a week or two before the o campaign as s th they would I be o based ase upon financial conditions a at I that time It was Intimated however that the notes might bear Interest In excess ot of 44 per cent the Interest on the third and fourth loans SHORT TERM NOTES NOTEL After studying financial conditions In all parts of the country said Mr Glass I 1 have determined that the Interests ot of the United States will be behest be best hest served at this time by the Issuance of short term notes rather I than ot of longer term bonds which I would have to bear the limited rate ot of Interest of 4 per cent The Victory Liberty loan will therefore tal take e the form of notes of the United States maturing In not over five years ears from the date of Issue These notes will be as were the Liberty loan bonds the direct promise to pay ot of the United States will be Issued both In registered and coupon form torm and the coupon notes will be I final form and will have attached the Interest coupons covering the entire enI en- en tire life of the notes I are am hop hopeful ful I that the notes In final engraved form will be ready for tor delivery by the I opening or of the campaign on April 21 REMAIN AT PARI PAR I I am led to adopt the 1 plan lan ot of Issuing short term notes note rather than lon long term bonds largely because or of I the tact fact that I 1 believe that a short term Issue will maintaIn a price at about par after atter the campaign Is concluded conI con con- far more readily than would I a longer term Issue I have not yet reached a cont conI con con- t I elusion as to the rate of f interest and andI I exemptions from taxation which those notes nots will bear because this decision must be bated based on existing conditions Immediately prior to tile the opening ot of the campaign r I take this opportunity t to o repeat what I have already stated that itis it itIs Is the intention ot of the treasury department department de- de I to carry carryon on the th same kind ot of Intensive campaign for tor distribution lon J heretofore as It would bo a most unfortunate occurrence It if the people or of the United States failed to take these notes s thus placing the burden ot of subscriptions on the s. s The busIness of f the country looks to the banking for credit wherewith I to carry on anti n Its It if this credit Is absorbed to II a large extent by the purchase ot of government soI so- so seI I there will be many limitations limita- limita placed upon the supply or of credit i for business purposes Our merchants and manufacturers need ample credit I for setting the wheels or of Industry In motion for tor peacetime production and distribution and the wage wago earner is 1 interested In seeing that these wheels are kept moving at a a. normal I rat rato lu iu order that full tull employment ment at atgood good wages may continue and readjustment conditions have o necessitated necessitated a slowing down ot of Industry i It Itis t I is vitallY Important that activity be resumed and labor at the earliest po sibie moment I I therefore ask asle the people once again to give their support support sup sup- port to their government in order that this great loan may be made an overwhelming overwhelming over over- whelming success by the widest possible possible pos pos- sible distribution |