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Show BB i-'' v;civ j LIBERTY BONDS ATTRACTIVE. Hi I In floating the new Liberty loan, much will of course i e said about the patriotic duty of subscribing. This is a11 true and good stuff. Yet many of our shrewdest bank- ! ers are urging their clients to buy Liberty bonds, as the f very best investment in the market. ; ITt!s.ei:tinly a Phenomenal thing that the bonds of ine united States government, the best security on earth, V , 3l"ld seJ to net four per- cent Never before has such , tmnfi happened. There have been many times when ! fcwo Pei' nt bonds could be' floated at par by the gov- . BBBV .flBBBBBBh I 'n bbbbHb LiiHHHHBBBBBBBBBBBBBBflBBVJBBBBBM VMTnBBBBBBl BBBBBBBBBBBr BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBJtBBBBBBBBBBBBBBBBBBBBBBBBBBl ernment. The United States Panama canal bonds sold a few months ago, before the war broke out, for a premium pre-mium of two to four per cent. And they pay only three per cent. Conditions in the security market now are wholly abnormal, ab-normal, and can't last after the war. European investors have been unloading on us their American securities, as they wanted the money to put into their own government issues. Our people have had to dig money out of all kinds of investments to buy back our securities held abroad. This has reduced the price on everything, including government gov-ernment bonds. In the fact of this selling movement, the first Liberty loan has sold for but a few cents under par. It seems as certain as anything in business can be, that after the war these bonds will go up. If under normal conditions, a three per cent bond sells at 102 to 104, a four per cent bond should bring a good deal more than that. Here then is a chance to get; interest that is higher than many savings banks used to pay, and at the same time a practical certainty, that the value of the principal will advance within a very few years. Usually when you speculate, you must take risks. Here is a chance to get the advantage of speculation without taking any risk. It should not be necessary to work the patriotic movement move-ment so hard to sell these bonds. ' |